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Widening Protection Gap: Role of Specialty Brokers
“Specialty brokers are the connective tissue of the global...
Canara HSBC Life IPO sees tepid response; subscribed 6 pc on day 1
The retail individual investors (RIIs) category was subscribed 9...
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...
Nippon Life’s Singapore-based arm gets regulatory nod to operate in India
Hiroshi Shimizu, president, Nippon Life Insurance ``India is an important market for Nippon Life due to its status of as the world's most populous country and promising growth prospects. We will continue to contribute to the development of the life insurance and asset...
Panda to meet industry CEOs tom in Mumbai to review Bima Sugam and `Cashless Everywhere’ scheme
Debasish Panda,chairman,IRDAI Though, earlier, IRDAI had set a deadline of July 2024 for the Bima Sugam project to go live, observers point out delay in operation as the set of key components of this insurance electronic marketplace , including forming a...
Bajaj Allianz Life provides prm payment options on WhatsApp
To leverage this popularity and offer ultimate convenience, Bajaj Allianz Life has upgraded its premium payment services via WhatsApp, enabling customers to seamlessly manage their policies and payments all in one place. Customers can effortlessly pay their premiums...
Health report indicates significant growth in non-communicable diseases across India
On average, at least one in three Indians today were pre-diabetic, two in three were pre-hypertensive and one in 10 were depressed, the 4th edition of Apollo Hospitals' flagship Health of Nation Report on World Health Day 2024, said. Most common cancers in order of...
S Africa’s Sanlam hikes stake in 2 Shriram insurance JVs, TPG to exit insurance cos
Sanlam has already entered into a share purchase deal to buy 6.29 per cent in Shriram General Insurance Company (SGIC) and 7.04 per cent in Shriram Life Insurance Company (SLIC) from TPG India Investments, and 4.45 per cent in SGIC and 4.98 per cent in SLIC from the...
Axis Bank says all regulatory nods received for proposed acquisition of shares in Max Life Insurance
Axis Bank proposes to infuse Rs 1,612 crore in Max Life Insurance. Approval for the transaction from the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRDA) was received by Max Life through...