The directive from the Department of Financial Services (DFS) under...
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LIC collaborates with Sahaj Insurance Services to reach rural and semi urban areas
The Life Insurance Corporation of India (LIC) on Friday announced...
Indian Insurance sector-2026: Leaders remain bullish on industry’s growth
``Looking ahead to 2026, climate risk in India is emerging as a...
IFRS Ready: IRDAI to meet industry honchoes to finalise norms at 2-day Bima Manthan
Debasish Panda, chairman,IRDAI ``It is our endeavour to implement Ind AS (including Ind AS 117) for insurers in India from 1st April, 2027 based on our experience and learnings from the proforma submissions and the communication in this regard will be circulated at an...
Prasun Sikdar joins as Bima Sugam CEO
IRDAI has fixed Apr 19,2025 as the date of the launch of Bima Sugam. E&Y has been roped as a consultant to execute Bima Sugam Mumbai: Prasun Sikdar, the first MD & CEO of Bima Sugam India Federation, has assumed his new charge recently. Sikdar, who was earlier...
Max Life partners with Numr to elevate customer experience through predictive analytics
Max Life Insurance Company has announced a strategic partnership with Rebuscode, a wholly owned subsidiary of Numr Canada, a pioneer in digital customer insights and predictive analytics. This collaboration aims to leverage Numr's advanced analytics capabilities to...
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...