The life insurer's Value of New Business (VNB) improved marginally...
Category:
Life
Latest
IRDAI tightens fraud control measures for re/insurers and distribution partners, to be implemented from next Apr 1
All insurers have to share with Insurance Information Bureau (IIB)...
Widening Protection Gap: Role of Specialty Brokers
“Specialty brokers are the connective tissue of the global...
Irdai chief pitches for 100 pc FDI in insurance sector
"And if the FDI route is also opened that will only augment the domestic investment as well, otherwise, domestic investment may get crowded out. … perhaps its time to open up for 100 per cent FDI so more players who want to come and operate on their own terms without...
LIC’s net profit rises 4% to Rs18,082 crore in H1FY25, Health JV plans may be completed this fiscal
Siddhartha Mohanty, CEO & MD, LIC LIC's plan to pick up some stakes in a stand alone health insurer is in progress and should be announced in the current fiscal,'' Siddhartha Mohanty, CEO & MD, LIC Mumbai: Life insurance behemoth Life Insurance...
IRDAI wants changes in the functioning of IAC
The new regulation will bring flexibility in conducting number of meetings rather than hardcoding the number of meetings and considering financial year instead of calendar for reckoning the number of meetings, said the IRDAI on Monday. Hyderabad:The Indian insurance...
IFSCA chief Rajaraman to address 3rd edition of IIA annual event on Nov 20 in Mumbai
K Rajaraman,, chairperson, International Financial Services Centres Authority As `Insurance for All by 2047’ based on the principles of inclusive insurance has become a central objective the Indian government, insurance regulator IRDAI, the IIA Annual Event 2024 ...
Lockton acquires Arihant Insurance Broker, receives IRDAI approval
Lockton, the world's largest independent insurance brokerage, had announced its entry into the Indian market in January this year and had acquired Arihant Insurance Brokers in June from Arihant Capital Market Ltd. Hyderabad: US based Lockton is now a licensed...
Sebi issues notices to Axis Bank and Max Fin Services about Max Life Insurance deal
The show cause notice (SCN) is being reviewed and will be filing responses to the SCN with Sebi as the said transactions were undertaken with requisite regulatory approvals, Axis Bank said New Delhi: Capital market regulator Securities and Exchange Board of India has...
Ambani’s Jio Financial in talks with Allianz SE to set up insurance JVs in India
Mukesh Ambani, chairman, Reliance Industries Jio Financial, helmed by veteran banker K.V. Kamath, already runs a shadow bank and an insurance brokerage and has joined forces with BlackRock Inc. to start an asset management business. Setting up insurance operations...
Allianz to exit 2 insurance JVs with Bajaj Group
Market sources pointed out Allianz plans to exit Bajaj Allianz Life Insurance Co. and Bajaj Allianz General Insurance Co. because its Indian partner isn’t allowing the German insurer to raise its stakes at a discounted price which was agreed upon at the time of...
Insurance industry can collaborate with telcos, e-comm, fintechs for deepening reach: LIC chief
Siddartha Mohanty, MD & CEO, LIC "Current channels, including agents, brokers, and bancassurance have been effective, but fraught with its own limitations given the challenge of taking insurance to each citizen of the country. Collaborating with non-traditional...
Panda seeks more conglomerates to enter insurance; Irdai nudging more cos to list
Debasish Panda, chairman, IRDAI The regulatory body's chief said more than consolidation, Irdai is working on growing the number of players in the industry and also held roadshows in Japan, Europe and the US recently where it told global investors about the...