A three-judge bench of Justices Vikram Nath, Sandeep Mehta and N V...
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Ageas Federal Life unveils its new logo, ropes in Sachin Tendulkar as brand ambassador
Cricker legend Sachin Tendulkar and Jude Gomes, managing director...
BNP Paribas to pay $3.5 billion for increasing its stake in Ageas to 22.5% from 14.9%
The deal involves France’s biggest bank selling its 25% stake in AG...
Bandhan Life partners with Policybazaar to launch Pension plan
Bandhan Life Insurance has partnered with Policybazaar.com to launch Bandhan Life Invest Pension - a ULIP pension plan designed to help customers build a corpus for their retirement years. Satishwar B., MD & CEO of Bandhan Life Insurance, commented, “By offering...
Axis Max Life Insurance unveils sustainable wealth 50 Index Fund
Axis Max Life Insurance Ltd. formerly known as Max Life Insurance Company. announced the launch of Axis Max Life Sustainable Wealth 50 Index Fund. This first-of-its-kind fund which intends to invest in companies that generate consistent cash flows based on the...
LIC remains 4th largest global life insurer in S&P’s latest ranking
Published a week back, S&P has Allianz SE, ($807 billion, 4.8%), China Life Insurance Co. ($685 billion, 3.9%) and Ping An Insurance (Group) Co.($686 billion,13.3 %) of China Ltd. as the three largest life insurance companies in the world, according to a ranking...
FinMin asks banks, insurance firms to expedite public grievances resolution
M Nagaraju, Secretary, Department of Financial services At the outset, the Secretary reiterated the Prime Minister's direction given in the Pragati meeting held on December 26, that all the Senior officers at the level of Chairman/ MD/ ED of PSBs/PSICs should review...
SBI Life picks up 10 pc stake in Bima Sugam India Federation for Rs 6.6 cr
Bima Sugam India Federation, an unlisted company, incorporated on June 18, 2024, aims to create and operate a centralised marketplace of insurance products and services. It is currently in the process of mobilising over Rs 200 crore of capital from both life and...
Embracing 2025: Year of Purpose & Opportunities
2024 has been a pivotal year for the Indian insurance industry, marked by significant reforms and policy changes.2025 will be a key year as it will see further movement in industry and government efforts towards the Insurance for all by 2047 vision Four CEOs of the...
Micro insurance premium in life segment rises 24% to Rs 10,000 crore in FY24
The number of persons covered under the scheme stood at 178.39 million New Delhi/Hyderabad: The micro-insurance premiums in the life insurance sector in the country has surpassed Rs 10,000 crore for the first time in FY24, according to industry data. The number of...
Bajaj Allianz Life hosts financial awareness sessions for Indian Navy civilians in Mumbai
Bajaj Allianz Life Insurance has conducted financial awareness sessions for civilian personnel of the Indian Navy in Mumbai. These sessions are part of the company’s ongoing commitment to empower Naval civilians with the knowledge about financial planning and the...
Claims ratio of non-life insurers dips to 82.52% in FY24: Irdai report
The incurred claims ratio for private sector general insurers, standalone health insurers and specialised insurers were at 76.49 per cent, 63.63 per cent, and 66.58 per cent, respectively, for 2023-24 as compared to the previous year's ratio of 75.13 per cent, 61.44...
India’s insurance penetration falls further from 4% to 3.7% in FY 24
According to the latest IRDAI annual report for Fy 23-24, released today after its ratification in the winter session of Parliament the insurance penetration for life insurance industry has again marginally declined from 3 per cent in the previous year to 2.8 per cent...