Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv. The...
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Aviva Life launches a fixed health benefit plan with wellness rewards
Aviva India has announced the launch of Aviva Smart Vitals, an...
DIIs lend robust support to Indian markets, led by mutual fund assets in 2025
Insurance companies and domestic pension funds also saw their...
LIC to spend up to Rs 840 crore for Bima Sakhis, targets Rs 4,000 crore new business in 1st yr
Siddharth Mohanty, MD and CEO, Life Insurance Corporation Talking about proposed changes in the Insurance Act, LIC MD and CEO Siddharth Mohanty said composite licensing boosts the industry and LIC has no issue with it. The proposed changes in the Insurance Act only...
PM Modi launches LIC’s ‘Bima Sakhi Yojana’
Prime Minister Narendra Modi is handing over Certificates to one of the Bima Sakhis in Panipat Under the scheme, the woman agents will also get a stipend of Rs 7,000 per month for the first year, Rs 6,000 per month in the second year and Rs 5,000 per month in the...
No Insurance Amendment Bill proposing 100% FDI in winter session
Given the paucity of time, it is difficult to present the Bill in the ongoing session, sources said, adding it may, however, come in the Budget session. The Department of Financial Services (DFS) has sought public comments on the proposed amendments by December 10 New...
PM Modi to inaugurate women centric LIC Bima Sakhi Yojana on Monday
Prime Minister Narendra Modi Aiming to provide rural women with job opportunities as insurance agents, a woman agent in LIC Bima Sakhi Yojana will earn Rs 7,000 per month in the first year, Rs 6,000 in the second year and Rs 5,000 by the third year. Additionally, an...
Canara Bank gets RBI nod for life insurance & MF stake divestment
Reserve Bank of India on Thursday has accorded approval to our bank for divesting its shareholding in Canara Robeco Asset Management Company Ltd and Canara HSBC Life Insurance Company Ltd by 13 per cent and 14.5 per cent, respectively through Initial Public Offer...
1.6 crore customer records of HDFC Life being sold on Dark Web: CyberPeace
The leaked data reportedly contains sensitive customer information, such as policy numbers, names, mobile numbers, dates of birth, email addresses, residential addresses, health status, and more, claimed CyberPeace New Delhi: The research wing of CyberPeace on...
Insurers seek zero-coupon bonds to manage long-term risks
Zero-coupon bonds could help insurance companies better manage their long-term liabilities, as they step up offerings of guaranteed savings products Mumbai: Indian insurers have asked the government to issue new sovereign debt instruments, including zero-coupon bonds,...
Health, life insurance premium to fall if GST Council decides to reduce taxes on premium: FM
Nirmala Sitharaman, Finance Minister "…The matter of review of GST rates on life and health insurance is pending before the GoM. If a recommendation for a reduction in GST rate is made by the GST Council, the cost of insurance to the policy holder is expected to come...
Insurance (Amendment) Act, 2024: Govt has no composite plans for LIC and PSU general insurance companies
To enable PSU insurers to avail composite licenses, the government needs to amend the two existing Acts- The Life Insurance Corporation Act of 1956 and the General Insurance Business (Nationalisation) Act, 1972 (GIBNA). But, no such provisions have been made in the...
Govt seeks to overhaul Indian insurance sector with extensive reforms measures
Insurers to be allowed to do certain other business, in addition to insurance business, enabling additional stream of revenue for insurers - like carrying of guarantee or indemnity business, managing and selling property possessed by company in satisfaction of claims,...