`The recent '0% GST reform' on individual policies has...
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Aon promotes Neha Shah as head of its Life and Health (L&H) business India
International broker Aon has promoted Neha Shah as to head its Life...
Life Insurance: A must for every young professional
Many youngsters postpone this decision, assuming it’s something to...
ICICI Pru Life Insurance launches women specific critical illnesses cover
ICICI Prudential Life Insurance has launched ‘ICICI Pru Wish’, a first-of-its-kind health product, in the life insurance industry, catering to women specific critical illnesses and surgeries. Developed in collaboration with Reinsurance Group of America (RGA), it...
Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Singapore's prime minister said in October that the city-state would block Allianz's bid The move would have lifted Allianz to fourth largest composite insurer in Asia, from ninth, but sparked critique in Singapore because of concerns that it would detract from a...
SBI Life launches cover providing guaranteed income and protection
SBI Life Insurance has launched ‘SBI Life - Smart Platina Supreme’; a non-linked, non-participating life insurance savings plan that offers seamless combination of protection and guaranteed pay-outs. The guaranteed income plan ensures long-term stability through its,...
LIC unclaimed maturity amounts reach Rs881 cr in FY24
As many as 3,72,282 policyholders did not claim maturity benefits during FY2024, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha. During the previous year, he said, the amount worth Rs 815.04 crore belonging to 3,73,329...
PMJJBY life insurance: 21cr enrolment, 860,575 claims worth Rs 17,211.50 settled
The Pradhan Mantri Suraksha Bima Yojana(PMSBY) has seen a cumulative enrolment of 47.59 crore, while the cumulative number of claims received stood at 193,964, as of November 20. As per the official figures, the cumulative number of claims disbursed stood at...
Hinduja Group likely to complete RCap acquisition by Jan-End
"Most of the approvals and procedures related to the resolution process of Reliance Capital are complete. Couple of the procedures at the end of the administrator and CoC are to be completed. We hope that all these will be over in the next 4-6 weeks and RCAP should...
India and UK to collaborate on developing financial regulations
Participants from India and UK touched upon reforms in respective financial services sectors including capital markets, insurance & reinsurance, pensions, FinTech, sustainable finance and International Financial Services Centre GIFT City/Gujarat: The 3rd India –...
Max Life Insurance rebrands to Axis Max Life Insurance
“With Axis now an integral part of our identity, we are well-positioned to capitalize on new opportunities and accelerate our growth by expanding our distribution network, enhancing customer touchpoints, and delivering digitally empowered services. Together, we are...
IndiaFirst Life launches 18 new agency branches
IndiaFirst Life Insurance Company Limited (IndiaFirst Life) announced the launch of 18 Agency branches. Rushabh Gandhi, Managing Director & CEO, IndiaFirst Life, said, “The expansion of our Agency channel across the length and breadth of the country is a critical...
Nippon Life in talks to buy Resolution Life in deal worth $8.2 billion
Cross-border M&A involving Japanese companies has surged this year, driven by amended guidelines designed to encourage takeovers of Japanese firms.Japanese firms also are continuing to look abroad for growth as their domestic market shrinks Nippon Life Insurance...