Sanjiv Bajaj, chairman & managing director, Bajaj Finserv "The...
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IBAI meets Sitharman, submits proposals for insurance inclusion
Lto R- Narendra Kumar Bharindwal, president, IBAI,Nirmala...
HDFC Life launches ‘First Call’ term campaign
HDFC Life, has unveiled a new term insurance campaign titled “First...
Apr1 Renewals: New reinsurance opportunities in Indian market
In contrast to last year’s renewal, 4/1 saw a resurgence in property catastrophe capacity. While there were few new players in the market, existing reinsurers demonstrated an increased appetite to grow their property catastrophe books in India. However,despite excess...
IRDAI bans any competition against Bima Sugam-Insurance Electronic Marketplace
``No other person can commence or operate with same or similar objectives of the Marketplace and functions of the company,’’ the IRDA's new regulations have clarified The new regulations have provision for penalty for certain violations/breaches by the players. The...
Finance ministry and PSUs can’t make any new appointments till general elections are over, says EC
Effectively, for the PSU insurance industry , such a stand by the Election Commission of India, will stall all the new appointments, including Member(Distribution), IRDAI , two CMDS-New India Assurance and United India Insurance and nine executive directors...
Sanlam Life Insurance sells over 59 lakh shares of Shriram Finance for Rs 1,427 crore
According to the block deal data available with the National Stock Exchange (NSE), Sanlam Life Insurance Ltd sold 59.80 lakh shares, amounting to a 1.6 per cent stake of the company Mumbai: Sanlam Life Insurance -- one of the promoters of Shriram Finance -- on...
IRDAI asks insurers to keep their branches open on Mar 30- 31
`Insurers may take note of the above and give adequate publicity to the special arrangement made as above,'' said the IRDAI on Thursday Hyderabad: Like its banking counterpart Reserve Bank of India(RBI), insurance regulator IRDAI has also asked insurers to keep their...
LIC, GIC Re and New India continue to be Domestic Systemically Important Insurers(D-Slls) in 2023-24:IRDAI
D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system Hyderabad: Insurance regulator IRDAI, on Wednesday, said Life...
IRDAI seeks detailed clarifications on Hinduja group’s plan to take over Reliance Capital
It is also proposed by Hinduja group to raise borrowing for acquisitions of shares of Reliance Capital Ltd , which will also violate the existing regulations, said IRDAI Hyderabad: The Indian insurance regulator IRDAI, as part of its due diligence process,...
LIC emerges as the strongest global insurance brand: Brand Finance Insurance Report
With a brand strength index score of 88.3, another Indian life insurer, SBI Life, in the sixth position, for the first time has found its place among the top 10 global insurance brands Mumbai Public sector behemoth Life Insurance Corporation has emerged as the top...
Regulatory Revamp: IRDAI approves Bima Sugam, unveils 8 new principle-based consolidated regulations
Debasish Panda, chairman, IRDAI These new regulations encompass pivotal domains such as safeguarding of policyholders' interests, rural and social sector responsibilities, electronic insurance marketplace(Bima Sugam), insurance products and operation of foreign...
LIC terminates services of its employee in front-running trades case
Sebi on Tuesday confirmed a securities market ban on five entities, including an employee of Life Insurance Corporation of India (LIC), in a case pertaining to front-running trades of the state-owned insurer Mumbai: Life Insurance Corporation (LIC) on Wednesday said...