``The launch of the website today is an important milestone, and I...
Category:
Life
Latest
Sebi to engage with govt to allow banks, pensions funds to invest in non-agri commodity derivatives
"We will also engage with the government to consider banks,...
Govt asks insurers to pass on full benefits of 18% GST exemption to both existing and prospective retail Life and Health policyholders
M. Nagaraju, secretary, Department of Financial Services Further,...
Pvt sector life insurers gain market shares in new business premium and policies sold in FY24
26 private sector life insurers have gained market share over LIC in all three key areas like new business premium, policies and number of policies and number of lives covered under group schemes in FY 24 Indicating higher ticket size of its average...
Tata AIA crosses Rs 1 lakh cr AUM
Tata AIA Life Insurance has crossed Rs. 1 lakh cr in assets under management (AUM). In less than three years, the Company has doubled its AUM from Rs. 50,000 crore (Aug’21) to Rs. 1,00,000 crore. This increase has been fuelled by strong growth in Individual New...
ICICI Pru Life’s net declines 26% to Rs 174 crore in Q4 FY24
Anup Bagchi, MD & CEO, ICICI Prudential Life Insurance The decline in value of new business margin is primarily on account of the shift in underlying product mix towards unit linked & par (participatory ) from non par business, decline in group term business...
Bima Manthan: Panda to address 2-day summit of industry CEOs on Thursday in Hyderabad
Debasish Panda, chairman, IRDAI Narendra Modi led NDA government has identified insurance reforms, like composite license, 100 per cent FDI and allowing Captive insurance, high on its first 100-days agenda if it returns to power. The IRDAI has to prepare industry's...
Swiss Re launches Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant
Catrin Hinkel, CEO Microsoft Switzerland, said, "By integrating Microsoft Azure OpenAI, Swiss Re can unlock the power of advanced analytics and Generative AI to provide new capabilities to the insurance market through a secure, compliant, and reliable cloud...
Govt plans selling stakes in GIC Re, LIC in FY24/25
“The government has received good feedback in investor roadshows for GIC, and is open to sell its 10 per cent stake in tranches depending on its shares' value,” the official said. The sale of 10 per cent stake in GIC would be done over a period of time, the official...
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...