Now, insurance regulator IRDAI will come out with new set of...
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Amendment of Insurance Laws Bill, 2025:Achieving “Insurance for All” by 2047
The Insurance Act 1938 did not contain any definition of “insurance...
100% FDI in Insurance:India’s big-bang financial reforms target wave of foreign money
All these reforms come as Prime Minister Narendra Modi and his...
Data privacy is a major concern for insurance industry: LIC CEO
(LtoR) Siddhartha Mohanty, CEO and MD, Life Insurance Corporation and Satyajit Tripathi, Member (Distribution), IRDAI at an event organised by Pune based National Insurance Academy in Mumbai IRDAI’s methods for monitoring companies and intermediaries have...
Microinsurance Network announces partnership with African Insurance Organisation
Together, MiN and AIO, with additional support from the International Labour Organization (ILO)’s Impact Insurance Facility aim to create a robust platform for knowledge sharing, capacity building, and the promotion of product development to enhance the inclusive...
LIC hunts for a suitable health insurance partner, to pick up less than 50% stake
Siddarth Mohanty, MD &CEO, LIC Siddartha Mohanty, MD &CEO, LIC, said, ``Yes , we are now actively searching for an Indian health insurer where we can pick up a large stake but less than 50 per cent. We will not run the company on day- to- day basis but will...
GST on Health, Life Insurance: Newly formed GoM to meet on Oct 19
A final call by the council on taxation of insurance premiums is likely to be taken in the next meeting in November, based on the GoM report New Delhi: The ministerial panel to decide on lowering goods and services tax (GST) on health and life insurance premiums will...
New York Life Insurance makes strategic investment in Max Estates, commits Rs 1200 crore
Sahil Vachani, MD & CEO of Max Estates, said, “We are pleased to announce that our partnership with New York Life Insurance has grown from strength to strength. This capital infusion significantly enhances Max Estates' financial capability to deliver top-tier...
P K Mishra calls for expanding insurance coverage across diverse sectors
PK Mishra, Prime Minister's Principal Secretary "Should the government act as a catalyst, facilitating the growth of the insurance market, or should it take a more direct role such as purchasing insurance for certain sectors? How should the government create...
NCLAT rejects tax claim against RCom filed for assessment year after initiation of insolvency
A two-member NCLAT bench upheld the earlier order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had rejected the state tax department's second claim of Rs 6.10 crore New Delhi: The NCLAT has set aside a petition filed by the state tax...
LIC to tap NRIs and PIOs through Gift City
Siddartha Mohanty, CEO & MD,LIC Siddartha Mohanty, CEO & MD,LIC, addressed a conference of its CEO’s & Heads of foreign units from UK, Singapore, Bahrain, Kenya, Fiji, Mauritius, Nepal, Sri Lanka & Bangladesh at GIFT city, Gandhinagar on Friday Gift...
SBI General partners with BLS E-Services for selling its products
SBI General Insurance has entered into a strategic partnership with BLS E-Services to deliver essential insurance products to a broader range of customers across India. This collaboration is set to expand the insurer's footprint, particularly in rural and regional...
Srinivas Rao Ravuri joins Bajaj Allianz Life Insurance as chief investment officer
Bajaj Allianz Life Insurance has appointed Srinivas Rao Ravuri as its Chief Investment Officer (CIO) where he will lead the company’s investment team and manage the portfolio towards optimising its investment performance. Srinivas is a seasoned investment professional...