``IRDAI in exercise of the powers under Section 102 of the...
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Insurance JVs between Generali and Central Bank unveil a new brand
Rob Leonardi, Asia Regional Officer, Generali, said, “India has...
LIC’s equity investment stands at Rs16.76 trillion till June 30, sees marginal decline in equity holding in Q1FY26
India’s largest institutional investor, Life Insurance Corporation...
Bandhan Life launches its new branding
The insurer will add 1,000 new members to its team in its immediate growth phase as it aims to fortify its presence and offer its products and services to its expanding customer-base across the country `Looking ahead, our vision for the next five years is set:...
Generali undertakes restructuring to focus on Insurance and and Asset management
Philippe Donnet,group CEO,Generali Thanks to a simpler and leaner approach, the new group’s organizational structure centering on insurance and asset management will accelerate the group’s transformation, and it will support the definition of the plan for the next...
Life insurance industry’s total premium grows by 2% to Rs 3,77 trillion in FY 24
LIC has seen its total premium falling by 4 per cent to around Rs 2,22 trillion in FY 24 26 private sector players, led by SBI Life Insurance, at Rs 1,55 trillion, have recorded a growth of 12 per cent in in their annual premium income. In terms of policies, the...
HDFC Life Q4 profit rises 15 pc to Rs 412 crore
Despite the budget changes impacting high ticket sized business this year, we delivered a healthy growth of 20 per cent for Q4 after adjusting for the one-off business of Rs. 1,000 crore in March 2023. Our stated aspiration of a double-digit growth for the full year...
Indians increasingly spending money on mutual fund investments, insurance, trading: Razorpay analysis
As per them, mutual fund investments surged by a whopping 86 per cent, insurance payments have seen a significant 56 per cent growth and trading experienced a 62 per cent jump in value in 2023-24. "With this, we witnessed the emergence of a new India. One that is...
Aditya Birla Capital to scale up life and health insurance business: Kumar Mangalam Birla
Kumar Mangalam Birla, chairman,Aditya Birla Group ``Our Health Insurance business is one of the fastest growing Standalone Health Insurance players driven by a unique ‘Health-first’ model. It also raised capital in FY23 from a marquee sovereign wealth fund, ADIA. This...
BNP Paribas buys 9% of Ageas from Fosun for EUR730 Mln
“We see the strategic rationale for a combination of banking and insurance, especially in the Belgian market where the savings market favors products in insurance wrappers,” said Johann Scholtz, an analyst with Morningstar BNP Paribas, the euro zone’s biggest bank,...
Panda wants Bima Sugam up and running by Apr 19, 2025 coinciding with IRDAI’s 25th foundation day
Debasish Panda, chairman, IRDAI Apr 19,2025, is the 25th foundation day of the Hyderabad based regulator and IRDAI chief chosen that day to launch Bima Sugam , which is expected to usher in the `UPI moment' in the Indian insurance industry Mumbai: Debasish Panda,...
BJP Manifesto 2024: PM Modi promises to make India a global insurance hub
Prime Minister Narendra Modi Every elderly person above the age of 70 years will be brought under the ambit of Ayushman Yojana Further strengthening the PM Fasal Bima Yojana through more technological interventions to ensure speedy and more accurate assessment, faster...
LIC sees 59 pc jump in value of investments in Adani stocks
The value of LIC’s investment in seven Adani group companies has soared from ₹38,471 crore as on March 31, 2023 to ₹61,210 crore on March 31, 2024, registering an increase of ₹22,378 crore, according to stock exchange data LIC, the State-owned insurance behemoth, has...