“Compliance cannot be a department— it must be a mind-set. And...
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Sitharman meets trade unions for pre-budgetary consultations
The unions demanded that the government must withdraw the proposal...
Kotak Life’s assets under management crosses Rs 1 lakh crore in 25 yrs
Mahesh Balasubramanian, managing director, Kotak Life With a...
Upstox ties up with HDFC Life for selling insurance products
Upstox, a wealth management platform today launched its entry into insurance distribution business and has tied up with HDFC Life as its first insurance partner. “With this launch, the company aims to revolutionise India's insurance landscape by offering its users a...
“Reliance Capital asks for extra 10 days for Hinduja group asset transfer”
The deadline for the transfer of Reliance Capital's asset to Aasia Enterprises, a Hinduja Group company, ended on Friday, they added. It may be mentioned that May 27 also happens to be the deadline for the implementation of the resolution plan by the Hinduja Group...
Global life expectancy projected to improve by 5 years in men, over 4 in women by 2050: Lancet Study
The researchers from the Global Burden of Disease (GBD) 2021 Forecasting Collaborators said that the ongoing shift in disease burden to non-communicable diseases such as cardiovascular ones, cancer and diabetes, and exposure to associated risk factors including...
IRDAI forms panel to review performance and enhance efficiency of Insurance Ombudsman
The committee will be headed by Shalini Prasad, former special secretary, NITI Aayog and will have tenure of two years. The other members of the panel are- Rakesh Joshi, former whole-time member, IRDAI, Kuldip Singh, former Insurance Ombudsman, Pushpa Girimaji,...
Hinduja group seeks time beyond May 27 to pay Rs 9661 crore for acquiring Reliance Capital Limited
According informed sources, CoC in today’s meeting has taken a tough stand and informed Hinduja Group to make the payment by 27th May or action in accordance with the RFRP will be taken whereby CoC can. encash performance bank guarantee of almost Rs. 500...
HDFC Life announces highest-ever bonus of Rs 3,722 cr on participating plans
HDFC Life has announced its highest-ever bonus of Rs. 3,722 cr. on participating plans during the company’s board meeting in April 2024 benefitting 22- 23 lakh policyholders. Out of the total bonus amount, Rs 2,798 crore will be disbursed to policies in the current...
Rushabh Gandhi to succeed R M Vishakha as MD&CEO of IndiaFirst life Insurance
Rushabh Gandhi, MD&CEO designate, IndiaFirst Life Insurance Rushabh Gandhi has over 29 years of experience in the financial services industry and across national and international markets Mumbai: As planned earlier, the board of IndiaFirst Life Insurance has...
Sebi allows LIC 3-yrs from now to comply with 10% minimum public shareholding norms
The corporation now has to achieve 10 per cent public shareholding on or before May 16, 2027 Mumbai: The capital market regulator Sebi has allowed Life Insurance Corporation(LIC) three more years from now to comply with its minimum public shareholding (MPS) norms of...
Insurance Councils and Panchayat Raj ministry to identify gram panchayats for rural sector business: IRDAI
After the finalisation of the first gram panchayat for each insurer, the council should share the list with the Insurance Regulatory and Development Authority of India New Delhi: With the objective to meet insurance for all by 2047, the sector regulator Irdai on...
Phi Commerce to manage payment solutions for Reliance Nippon Life Insurance
Omnichannel payment solution provider Phi Commerce will manage payment solutions for Reliance Nippon Life Insurance Company (RNLICL) for streamlining the insurer’s payment processes, including premium collections, a company statement said. The arrangement will seek to...