Ajay Seth, chairman, IRDAI ``Evolving expectations of customers and...
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GIC Re Q4 profit rises 3% to Rs 2,254 crore with underwriting profit, pays dividend of Rs 13.25 per share
GIC Re's Combined ratio improved marginally to 103.43 per cent in...
New DFS secy Lohiya joins LIC board, HH Mishra inducted into NIA
Sanjay Lohiya, who will become the new secretary, Department of...
PB Fintech’s net profit increases 42% Rs to 85 crore, revenue up 33 % to Rs 1,348 cr in Q1 FY26
The company's insurance premium grew 36%, led by a 65% rise in new health insurance policies New Delhi: PB Fintech reported a 40% rise in first-quarter profit on Thursday, as more consumers turned to digital platforms for insurance products. The company posted a...
Ambanis to infuse Rs 16K cr in Jio Financial Services to take on rivals
Mukesh Ambani, chairman, Reliance Industries Currently, JFS, which has floated three joint ventures with Germany major Allianz for foraying into Reinsurance, Life and General Insurance business, operates its financial services business through consumer-facing...
No Insurance Amendment Bill in Parliament’s Monsoon session
M Nagaraju, Secretary, Department of Financial Services ``The Bill is not in the agenda of the current session of the Parliament,’’ confirmed M Nagaraju, secretary, Department of Financial Services(DFS) Mumbai: It is now official. The much awaited `Insurance...
Raising FDI limit in insurance aimed at unlocking full potential of sector: FM
Nirmala Sitharaman Union ,Finance Minister "Further, this will eliminate the need for foreign investors to find Indian partners for the remaining 26 per cent, easing the process of setting up their operations in India, effectively increasing the number of insurers in...
Former finance secy Ajay Seth takes over as new chairman of IRDAI
Some of the other issues, which will be matter of focus for Seth, is falling insurance penetration in the country and unaffordability of insurance premium, particularly health insurance, about which of late the government has been vocal about. Hyderabad: Former...
SBI Life’s net profit rises 14% to Rs594 crore in Q1 FY 25
SBI Life's Value of New Business (VoNB) stands at Rs.1,088 crores with a growth of 12% during the reporting period. The company's VoNB Margin was at 27.4% in Q1FY 25 Mumbai: SBI Life Insurance, the largest private sector life insurer in the country, has recorded a...
Former finance secy Ajay Seth appointed as new IRDAI chairman for 3 yrs
Ajay Seth, Chairman-designate, IRDAI Seth, a 1987-batch Indian Administrative Service(IAS) officer from the Karnataka cadre, retired in June end New Delhi: Finally, Ajay Seth, 60, former Finance Secretary, Ministry of Finance, has been appointed as the new chairman of...
Angel one forms Rs 400 crore life insurance JV with Singapore’s Livwell
Wilf Blackburn, ex-regional CEO of Prudential Asia, is proposed to chair the proposed venture, while Nikhil Verma, former deputy CEO of Aviva Vietnam, is proposed to lead as CEO Mumbai: Domestic brokerage Angel One on Wednesday announced a plan to partner Singapore's...
Shriram Life Insurance signs bancassurance deal with ESAF Small Finance Bank
Shriram Life Insurance Company (SLIC) has partnered with ESAF Small Finance Bank as a corporate agent to expand the reach of life insurance products to the underserved segments across India. The bank has 788 branches, 713 ATMs, and 1,095 customer service centres...
Govt’s Bima Sakhi Scheme enrolls over 2 lakh women
Pankaj Chaudhary, minister of state ,Ministry of Finance LIC has already paid Rs115.13 crore to 2,05,896 Bima Sakhis in the country till July 14 New Delhi: Life Insurance Corporation (LIC) has provided a budget of Rs 520 crore for the government's Bima Sakhi- “Mahila...