The measure for Indian insurers is an “enabler” that will help draw...
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Insurance industry must adopt ‘1600’ calling series by Feb 15, 2026: TRAI
TRAI's direction requires IRDAI‑regulated firms to use 1600‑series...
Parliament passes Insurance Amendment Bill, 2025,paves the way for 100% FDI in insurance cos
Nirmala Sitharaman,Finance Minister The Sabka Bima Sabki Raksha...
Disruptive moves: Indian Insurers must modernize core platforms to meet competition and evolving customer expectations
Swayamjit Mishra, Managing Director & Partner, Leads Technology in Insurance for BCG India, said, “The obvious & disruptive moves by insurers have been made, now winners will take the more difficult and bold step of attacking the core. The aim with the core is...
SBI Life acquires 7.75 lakh shares of Krishna Institute of Medical Sciences at a price of Rs 184 crore
SBI Life Insurance has acquired an additional 7.75 lakh shares of Krishna Institute of Medical Sciences (KIMS) at a price of Rs 184 crore through open market transactions, as reported on Tuesday. According to data from the BSE, SBI Life Insurance Company purchased...
LIC sells 2.09% in Hindustan Copper
Life Insurance Corporation of India (LIC) on Monday said it has sold a 2.09 per cent stake in state-owned Hindustan Copper for Rs 447 crore through an open market transaction. The insurance behemoth has sold a total of 2,01,62,682 shares, or 2.085 per cent stake, in...
Court not super regulator says HC on Swamy’s plea against Axis-Max transaction
In his petition, Swamy alleged Axis Bank made undue profits totalling Rs 4,000 crore from the sale and purchase of equity shares of Max Life in a non-transparent manner and in violation of the applicable regulations New Delhi: Stating that it should not act as a...
Reliance Group moves NCLT to restrain IIHL from using ‘Reliance’ brand name
According to sources close to the development, the brand Reliance is 50:50 jointly owned by Mukesh Ambani and Anil Ambani, and the same can not be allowed to be used by any other company or individual. ADAVPL, in its application, has also argued that the company was...
LIC agents earn Rs 20,446/month in Andaman & Nicobar, highest in the country
LIC has 13,90,920 agents across the country. Among the larger states, Uttar Pradesh had the maximum number of LIC agents at over 1.84 lakh with an average monthly income of Rs 11,887. Maharashtra had more than 1.61 lakh LIC agents with an average monthly income of Rs...
MCA notifies new accounting standard, Ind AS 117, for insurance industry
The insurance regulator IRDAI can now announce the date of adoption of the new standards by the Indian insurance industry. The new framework would require domestic insurers to further bolster their disclosure needs, leading to greater transparency and informed...
Axis Bank-Max Life deal: Delhi HC rejects Subramanian Swamy’s PIL
On Monday, the high court bench led by Acting Chief Justice Manmohan and Justice Tushar Rao Gedela declined to admit the PIL In February, Swamy filed an PIL before the Delhi High Court seeking a comprehensive probe into the alleged fraud in Axis Bank involving undue...
Life insurers’ new business premium rises 14% to Rs 31,823 crore in July
Life Insurance Corporation of India (LIC) saw a 19.78 per cent jump in its new business premium to Rs 18,431 crore from Rs 15,387 crore in July 2023.The premium growth for the private life insurance industry slowed down and grew by 7 per cent, reaching Rs 13,392 crore...
India’s population expected to reach 152.2 cr, sex ratio can increase from 943 in 2011 to 952 by 2036
By 2036, population of India is expected to reach 152.2 crore, with a slightly improved female percentage of 48.8% as compared to 48.5 percent in 2011. The proportion of individuals under 15 years is projected to decrease from 2011 to 2036, likely due to declining...