Sumit Madan, MD and CEO, Axis Max Life said, “IRIS 5.0 signals a...
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Demographic Transition: India’s Emerging Silver Economy
The approach towards elderly support that prioritises family and...
Beyond Balance Sheet: Strategic role of CFOs in insurance industry
True leadership in finance is not just about preserving value, it...
CCI approves Central Bank of India’s proposed stakes acquisition in Future Generali Insurance ventures
Earlier, state-owned bank Central bank said it has been declared as the successful bidder by the Committee of Creditors (CoC) for the sale of Category 1 assets of FEL in Future Generali India Life Insurance Company and Future Generali India Insurance Company . New...
Actuary Sandip Goenka appointed as first CEO of ACKO Life
Sandip Goenka, chief executive officer, Acko Life Sandip,with two decades of experience in life, health, general insurance, reinsurance, and insurance consulting, is a qualified actuary from the Institute of Actuaries of India and the UK Actuarial Institute with a...
Jude Gomes appointed as MD & CEO of Ageas Federal Life Insurance
Jude Gomes, managing director & Chief Executive Officer, Ageas Federal Life Insurance Jude Gomes said, “We will establish new benchmarks and strengthen our position in India's insurance landscape. I look forward to our new journey of growth and success - together...
LIC launches single premium group micro term insurance plan
Life Insurance Corporation of India has introduced Single Premium Group Micro Term Insurance Plan with effect from Oct 07. This plan is a Non-Participating, Non-Linked, Group, Pure Risk, Life Micro Insurance product. With a flexibility to choose term from 1 month to...
BC Patnaik quits as Member, Life, IRDAI
BC Patnaik, Member, Life, IRDAI Recently, Patnaik, who retired as a managing director of LIC in March 2023, has been selected as the director, National Insurance Academy(NIA) , Pune and is expected to take over his new academic assignment in mid Nov...
Data privacy is a major concern for insurance industry: LIC CEO
(LtoR) Siddhartha Mohanty, CEO and MD, Life Insurance Corporation and Satyajit Tripathi, Member (Distribution), IRDAI at an event organised by Pune based National Insurance Academy in Mumbai IRDAI’s methods for monitoring companies and intermediaries have...
Microinsurance Network announces partnership with African Insurance Organisation
Together, MiN and AIO, with additional support from the International Labour Organization (ILO)’s Impact Insurance Facility aim to create a robust platform for knowledge sharing, capacity building, and the promotion of product development to enhance the inclusive...
LIC hunts for a suitable health insurance partner, to pick up less than 50% stake
Siddarth Mohanty, MD &CEO, LIC Siddartha Mohanty, MD &CEO, LIC, said, ``Yes , we are now actively searching for an Indian health insurer where we can pick up a large stake but less than 50 per cent. We will not run the company on day- to- day basis but will...
GST on Health, Life Insurance: Newly formed GoM to meet on Oct 19
A final call by the council on taxation of insurance premiums is likely to be taken in the next meeting in November, based on the GoM report New Delhi: The ministerial panel to decide on lowering goods and services tax (GST) on health and life insurance premiums will...
New York Life Insurance makes strategic investment in Max Estates, commits Rs 1200 crore
Sahil Vachani, MD & CEO of Max Estates, said, “We are pleased to announce that our partnership with New York Life Insurance has grown from strength to strength. This capital infusion significantly enhances Max Estates' financial capability to deliver top-tier...