As India moves confidently towards its vision of Viksit Bharat,...
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China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including...
EC work: LIC field workers move HC for protection of their service conditions
Petitioner National Federation of Insurance Field Workers of India,...
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...
Howden forays into Japanese captive consulting and management markets with acquisition of Foresight
Takuya Aibe as CEO of Howden Japan’s retail business Foresight is headquartered in Tokyo with 17 staff across six offices and a management team that have previously held senior roles at leading Japanese insurance companies; it manages captives for 13 large Japanese...
Covid-19 continues cause excess mortality in US and UK, says Swiss Re
Report suggests potential excess mortality in the general population of up to 3% for the US by 2033 and 2.5% in the UK, the longest period of elevated peacetime excess mortality in the US. Key driver of excess mortality is the lingering impact of COVID-19; both as a...
Infosys to drive LIC’s digital transformation with NextGen platform
Siddhartha Mohanty, CEO and MD, LIC "It will not only enhance our operational capabilities but also enable us to cater to our vast customer, agent and employee base with newer, more personalised experiences. We are committed to leveraging the latest technologies that...
GST Council forms GoM to review tax rate on insurance; report by Oct 30
The Terms of Reference (ToR) of the newly formed panel also include suggesting tax rate of health/medical insurance including individual, group, family floater and other medical insurance for various categories like senior citizens, middle class, persons with mental...