Insurance industry hopes that key input services of commission and...
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IDBI stake sale likely to be completed this fiscal: DIPAM secy
"LIC's market value is around Rs 6 lakh crore. So, keeping in mind...
Govt proposes removing entire 18% GST on retail health and life insurance: Samrat Choudhary
Finance Minister Nirmala Sitharaman chairs a meet of group of...
Doraiswamy takes over as MD& CEO of LIC
Ramachandran Doraiswamy, MD&CEO, Life Insurance Corporation He will be retiring on 31st Aug,2028 after turning 62 Mumbai: Ramachandran Doraiswamy, 58, has taken charge as CEO & MD of Life Insurance Corporation on Monday after the government cleared his...
Risk-Based Capital: Rewarding Indian insurers
The adoption of Risk-Based Capital (RBC) rules by the Indian insurance industry is more a strategic and forward-looking shift focussing not just on stability but also on expansion, and attracting long-term investment. It can better align India with global standards...
Asia Index launches BSE Insurance Index
The BSE Insurance Index is derived from the constituents of BSE 1000 Index that are classified under the insurance industry.This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of various sectors in...
Govt to sell minority stake in LIC
The quantum of stake sale, price and timing would be decided in due course, the source added. The government needs to offload another 6.5 per cent stake in the public sector life insurer to meet the mandated 10 per cent public shareholding requirement by May 16, 2027....
IndiaFirst Life’s corporate agency partnership with Northern Arc Capital
IndiaFirst Life Insurance Company (IndiaFirst Life) has announced a strategic corporate agency partnership with Northern Arc Capital Ltd. (Northern Arc), a leading diversified financial services platform. Under this agreement, Northern Arc will distribute IndiaFirst...
LIC introduces 2 new plans- LIC’s Nav Jeevan Shree & LIC’s NavJeevan Shree Single Premium
In the current environment when interest rates are very volatile, these two Plans provide Guaranteed Additions throughout the policy term. Mumbai: Sat Pal Bhanoo, CEO & MD (In-Charge), Life Insurance Corporation, launched two new plans, LIC’s Nav Jeevan Shree and...
Former IRDA member Rakesh Joshi made chairman of Bima Sugam India Federation
Rakesh Joshi, chairman, Bima Sugam India Federation Joshi as a member of IRDA from March 2022 to December 2023, under the chairmanship of Debasish Panda was very closely involved with the development and implementation of Bima Sugam and Bima Vistaar...
LIC launches a new product- Nav Jeevan Shree
Life Insurance Corporation has launched a new product Nav Jeevan Shree, a non-par, non-linked, individual, savings plan. It a has a minimum term of five years and a maximum term of 20 years. It will be available from Friday.
Axis Max Life Insurance reports cyber threat
Indian firms such as Angel One, Niva Bupa Health Insurance and Star Health, and HDFC Life Insurance have reported high-profile security breaches in the past 10 months. Cyber fraud cases in India jumped more than four times in fiscal 2024, causing losses of $20 million...
IRDAI drops plans to tweak existing bancassurance rules for curbing mis-selling by insurers
(L to R)-R Venkatachalam Iyer, MD & CEO Tata AIA, Amit Jhingran, MD & CEO SBI Life, Piyush Pandey, advertising professional, Swaminathan Iyer, member, Life, IRDAI, Kamlesh Rao, MD&CEO,ABSLI, RK Patnaik, MD, LIC, Rushabh Gandhi, MD&CEO India First at an...