“India is a true bright spot for insurance growth in the mid-term...
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LIC should continue focus on digital marketing: Nagaraju
M Nagaraju,Secretary,Financial Services Nagaraju expressed...
HDFC Life’s net profit remains flat at Rs 421 crore
Vibha Padalkar, managing director and CEO of HDFC Life, said, “The...
Insurers eye tax benefits, incentives in Union Budget
On Budget expectations, Anup Rau, Managing Director and Chief Executive Officer of Future Generali India Insurance Company, said India's insurance sector is poised for its most significant reforms to date New Delhi: Insurers are seeking tax benefits for buyers and...
India likely to become world’s 3rd largest economy by 2030: Swiss Re
India’s insurance market projected to be the G20’s fastest-growing market over the next five years, with total premium volumes (life and non-life) up 7.3% in real terms on average each year. Growth underpinned by macroeconomic tailwinds, digitalisation progress and...
Finmin to meet heads of banks on Wed to review financial inclusion schemes
M Nagaraju,Financial Services Secretary The Finance ministry from time to time launched various drives to achieve saturation under Pradhan Mantri Jan dhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). New...
IRDAI further strengthens regulatory framework, notifies 5 more regulations/amendments
These changes align with IRDAI’s broader move towards a modern, dynamic and principle-based efficient regulatory framework, said the IRDAI. Hyderabad: As a part of the comprehensive review of regulatory framework to maintain an agile, progressive, and forward-looking...
LIC’s Bima Sakhi Yojana records over 50,000 registrations within one month of launch
LIC Managing Director and Chief Executive Officer Siddhartha Mohanty said, "It is our objective to cover each panchayat of the country with at least one Bima Sakhi within one year. LIC is strengthening the Bima Sakhi stream by grooming women with appropriate skills...
FIU-IND signs MoU with Irdai for enhanced coordination, information exchange
(L to R) Satyajit Tripathy, Member (distribution), Irdai and Vivek Aggarwal, Director, FIU-IND and signed an MoU in New Delhi for sharing of intelligence and information to check money laundering The MoU was signed as part of continued coordinated efforts in effective...
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...