Global insurance premiums are set to grow by 2.3% in real terms in...
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Need to relook at Rs 15k ceiling for mandatory pension enrolment: DFS Secy
“We need to look at it…how do we secure the future of those who...
Canara HSBC Life Insurance has appointed Dinesh Tak as chief agency officer
Canara HSBC Life Insurance has appointed Dinesh Tak as Chief Agency...
Draft bill seeking 100 pc FDI in insurance to be sent for Cabinet nod soon: DFS Secretary
Finance Minister has already given her approval and announced in the Budget. Now we will prepare a draft bill with the help of the law ministry. Thereafter, the draft bill will be sent to the Cabinet for approval. The intent of the DFS is to get the bill introduced...
Budget 2025: Insurers and experts hail game changing moves
The FDI limit being raised from 74% to 100% will prove to be a landmark reform in the insurance sector which will help unlock new opportunities for investment and innovation. These reforms will strengthen investor confidence, drive innovation, and support sustained...
Union Budget 2025-26: Reshaping Indian insurance landscape
Tapan Singhel, MD&CEO, Bajaj General Insurance& Chairman, General Insurance Council With the move to allow 100% FDI in insurance, we could see India moving towards a future with 1,000 insurers in the next decade. A larger number of players will bring greater...
Union Budget 2025:Insurance Reforms Bill with 100% FDI to be tabled soon, says Sitharaman
100% FDI proposal, larger reforms moves along with other Amendments in the various existing Acts, which have been awaited upon by the industry, will be part of separate draft Bill and will tabled in Parliament soon, said Finance Minister Nirmala Sitharaman Insurance...
Economic Survey urges insurers to address concerns on mis-selling, delayed claims settlements, AI, cybersecurity, and 3rd-party interactions
In the life insurance segment, there is a noticeable shift towards protection and guaranteed return savings products, which now cover 40 per cent of households, largely due to LIC’s extensive network. New Delhi: The Economic Survey presented by finance minister...
Axis Max Life Insurance launches new cover
Axis Max Life Insurance has announced the launch of Axis Max Life Smart Term Plan Plus, a non-linked, non-participating, individual pure-risk life insurance plan designed to address diverse needs and life stages, with coverage tailored for customers’ needs. It offers...
Tata AIA Life launches Shubh Muhurat
Tata AIA Life Insurance has launched Shubh Muhurat, a life insurance solution designed to help Indian families financially prepare for weddings, a major cultural and social milestone. This plan offers capital guarantee with equity exposure, long-term wealth growth,...
Indian insurance industry watches Govt’s move on IRDAI chief as Panda’s 3-yr term ends on Mar 14
Debasish Panda, chairman, IRDAI Panda after taking over as IRDA chairman on Mar 14, 2021, had unleashed an extensive reforms agenda for the industry to achieve `Insurance for all by 2047' and industry is already tapping all the sources to know whether Panda is...
Budget 2025-Insurers expect tax benefits, concessions for healthcare
Sameer Bansal, MD & CEO, PNB MetLife, said that while India is a fast-growing economy fuelled by its rising middle-class population of 25-45-year-olds, the proportion of people above the age of 60 is equally increasing at a rapid pace New Delhi: Insurers are...
MFs, insurers and retail investors buy $8 billion of Indian equities in Jan as FIIs sell
A greater participation of mutual funds, insurance firms and retail investors in the Indian stock market has made India one of the top five markets globally despite waning ownership of foreigners New Delhi: The Indian equity market’s reliance on domestic investors has...