Anup Bagchi,MD & CEO,said, “We reported a new business premium...
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Life insurance new business premiums rise 16.6% in Q1 on private insurers’ growth: Report
The report said the industry's new business premiums reached Rs...
Policybazaar signs Amitabh Bachchan for Health and Term insurance awareness
Amitabh Bachchan Sarbvir Singh, Joint Group CEO of PB Fintech,...
IRDAI:Govt appoints Girija Subramanian as member, Distribution, Dinesh Pant as member, Actuary
Girija Subramanian, CMD, New India Assurance Besides, the tenure of the two existing members – Deepak Sood(Non-life) and Rajay Sinha(Finance and Investment) have been extended by two more years from the date of their retirement till thet reach 65. Dinesh Pant,...
LIC employees requisitioned for census duty: Allahabad HC stays Kanpur Nagar Nigam order
The The Allahabad High Court found the impugned directive prima facie bad in law. It also rejected the stance of the state and the union governments that census operations are of national importance and hence no interim order be passed on the plea. Prayagraj (UP): The...
CCI okays Sanlam Group’s proposal for stake purchase in Shriram Life Insurance
“The proposed combination envisages acquisition of 2.80 per cent of the expanded equity capital of Shriram Life Insurance Company Ltd (SLIC) through a preferential issue by Sanlam Emerging Markets (Mauritius) Ltd (SEMM),” the regulator said in a release. New Delhi:...
LIC in talks with regulators to facilitate long-term instruments to match growing liabilities: CEO
R Doraiswamy,CEO and MD, LIC . Asked if LIC is prepared for further dilution of stake by the Centre, Doraiswamy said, "We have been prepared right from day one. When we started preparing for the IPO, we were prepared for this kind of subsequent actions as well. So the...
Congress raises questions on ‘substantial’ LIC stake in firm under SEBI scanner
Capital markets regulator SEBI on Wednesday barred Rajesh Exports Ltd's promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale misrepresentation of financial statements and diversion of funds. New Delhi: The Congress on Thursday...
Kotak Life appoints Amit Palta as Deputy Managing Director
Kotak Mahindra Life Insurance has appointed Amit Palta, from ICICI Prudential Life Insurance,as deputy managing director - designate, subject to regulatory approval.With a career spanning 30 years in the financial services industry, Amit brings deep expertise in...
Global insurance market expected to continue shifting eastward over next decade: Allianz
Overall, the global insurance market is expected to grow at an annual rate of +5.3% over the next ten years, slightly above economic output. Munich:The global insurance market is expected to continue shifting eastward over the next decade, with India and China gaining...
Insurance market in India likely to grow at 10.7 pc annually over next decade: Allianz Report
Despite ranking among the world's ten largest insurance markets, India remains significantly underinsured, with insurance penetration of 3.8 per cent of GDP, a report by Allianz said, adding that with only about 46 per cent of the working-age population effectively...
HC uphols direction for entrusting census duties to employees of LIC
Dismissing the writ petition, Justice Dinesh Pathak said, "This court is of the considered opinion that the authorised authority/zonal officer has not committed any error or illegality in issuing orders in exercise of delegated power directing the employees of the LIC...
Sanjay Lohiya assumes charge as Secretary, Department of Financial Services
Sanjay Lohiya, Secretary, Department of Financial Services Lohiya takes charge at a time when the financial sector is undergoing transformation with a focus on digital financial inclusion, recapitalisation and operational autonomy of public sector banks, and deeper...