M Nagaraju, secretary, Department of Financial Services Till date...
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Financial literacy a “core life skill” to secure savings, says Shamika Ravi
Shamika Ravi, Member of the Economic Advisory Council to the Prime...
NHRC notice to IRDAI over specially-abled children’s kin facing difficulty in getting life insurance
Taking cognisance of the complaint, the bench of the Commission...
Term Insurance: Women’s preferred financial product
Bajaj Allianz Life Women Term Survey highlights a significant shift in financial priorities - with children’s future, education expenses, and health surfacing as top concerns. Term insurance emerged as the preferred financial product for women to secure their child’s...
AI plane crash: Insurers in a fix as both policyholders and nominees among dead
There are instances of an entire family perishing or one of the spouses dying in the horrific June 12 crash of the London-bound plane, which claimed the lives of 241 persons on board and 29 on the ground Ahmedabad: Insurance companies are facing challenges in settling...
Air India crash: IRDAI asks insurers not to demand FIR and post-mortem reports of victims for quick claims settlement
``Ensure that no claim is denied or delayed on account of procedural formalities in the case of confirmed deceased individuals from the passenger list and persons at the affected buildings of the crash area,'' said the IRDAI Insurers have to submit a report to the...
LIC relaxes claim settlement process of Air India plane crash victims
Life Insurance Corporation of India (LIC) on Friday said it has relaxed its claim settlement process for Air India plane crash victims in Ahmedabad and also expedite the process. "LIC has announced many concessions to mitigate the hardships of the claimants of LIC...
R Doraiswamy selected as MD&CEO of LIC
R Doraiswamy, managing director, LIC Among four MDs, Doraiswamy is the second senior most MD among existing four MDs followed by Pant and Patnaik. After getting approvals from the government, he will be getting a term of over three years till August 31, 2028 as...
India’s social security coverage increased from 19 pc to 64 pc in 10 years
According to an official statement, ILO has acknowledged India's achievement and officially published on its dashboard that 64.3 per cent of India's population, i.e. over 94 crore people, are now covered under at least one social protection benefit. It is an...
Dai-ichi Life and Capgemini sign multi-year agreement to establish a GCC in India to drive international digital transformation
Tetsuya Kikuta, President and CEO, Dai-ichi Life Holdings "This strategic partnership with Capgemini supports our long-term ambition to build differentiated, internal capabilities through the establishment of our Global Capability Center," said Tetsuya Kikuta,...
Sumit Madan appointed as MD&CEO of Axis Max Life Insurance
Sumit Madan, CDO and CEO designate, Axis Max Life Insurance Sumit had joined Axis Max Life in February 2024 and brings over 25 years of extensive experience in banking establishing and scaling businesses with strategic clarity, people-centric leadership and...
Life insurers record 11 pc rise in new premium collection in April-May
The private sector life insurance industry, led by HDFC Life (with a total premium of Rs 4966 crore), has grown by 12 per cent y-o-y to Rs 20, 411 crore during the first two months of the fiscal. State owned Life Insurance Corporation(LIC) has increased its premium by...
FSIB to interview 4 MDs on June 11 to select a new LIC CEO, Sat Pal Bhanoo made acting LIC chief for next 3 months
Sat Pal Bhanoo, acting MD& CEO, LIC LIC MDs, who will be appearing for the FSIB interview for selecting a MD &CEO, are-Sat Pal Bhanoo, Ramachandran Doraiswamy, Dinesh Pant and Ratnakar Patnaik New Delhi & Mumbai: Even as the government has appointed Sat...