The voting rights of LIC will not exceed 10% of the total net...
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GST Council to meet on Sep 3-4 to discuss moving to a two-rate structure
Nirmala Sitharaman,Union Finance Minister The council, comprising...
Future Trends: Tech-Driven Life & Annuities Insurance
Intelligent platforms now analyze vast volumes of policyholder,...
Aegon Life acquired by Bandhan Financial Holdings
Karni Singh Arha, managing director, BFHL, said, “ Given Bandhan’s focus of making formal financial services available to masses, this acquisition further enhances that endeavour Mumbai: Aegon Life, a digital life insurance company, today announced the transfer of the...
IFRS 17: Successful Strategies
It is important to note that IFRS 17 or Ind AS 117 do not alter the fundamentals of business. Good underwriting, expense efficiencies, good risk management and customer satisfaction will remain the core of business. The expected aim of the standard is to bring in more...
SBI Life Insurance launches 24×7 Helpline for NRIs
SBI Life Insurance launched an exclusive 24x7 Inbound Helpline for Non-Resident Indians (NRIs) to provide global accessibility of after sale services. Customers residing anywhere outside India can leverage this premium service* by dialing the dedicated helpline...
Govt shortlists 4 candidates for selecting IRDAI’s Member, Distribution
Out of many applicants, who had applied for the job, the Ministry of Finance, has shortlisted the names of Satyajit Tripathy, CMD, United India Insurance, Randip Singh Jagpal, executive director, IRDAI, LK Shyamsunder, zonal manager, South Central Zone, Life Insurance...
Former LIC chairman MR Kumar appointed as non- executive chairman of Bank of India
The government, on Wednesday, has appointed MR Kumar, former chairman of Life Insurance Corporation(LIC), as a part-time non-official director as well as non- executive chairman of Bank of India for a term of three years. Kumar had completed his term as the LIC...
Overseas Indian students can now avail US Dollar health plan from HDFC Life International
HDFC Life International, based in GIFT IFSC, has launched a comprehensive US Dollar Student Health Insurance Plan, under the plan name ‘Global Student Health Care’. The plan is designed for students who are presently pursuing higher education abroad. It offers...
Bajaj Allianz Life, Satin Creditcare and Coverfox collaborate to boost rural financial inclusion
Bajaj Allianz Life, and Satin Creditcare Network , a non-banking finance company - Micro Finance Institution (NBFC - MFI), announced their strategic partnership with insurance broker Coverfox, to improve financial inclusion in rural India. Now customers of Satin...
LIC launches specialised product for child education
Siddharth Mohanty(L), Chairman, LIC, Vivek Joshi(R), Secretary, Department of Financial Services, at the launching ceremony of LIC's Amritbaal The plan is specifically designed to have an adequate corpus to meet the higher education and other needs of a child Mumbai:...
Subramanian Swamy moves Delhi HC seeking probe against Axis Bank-Max Life share deal
Subramanian Swamy In his petition, Swamy has alleged Axis Bank made undue profits totalling Rs 4,000 crore from the sale and purchase of equity shares of Max Life in a non-transparent manner and in violation of the applicable regulations. New Delhi: BJP leader...
IRDAI proposes to increase free look period to 30 days for policyholders
No policy in case of life insurance shall be issued unless nomination is obtained, Nomination provisions relating to general, wherever applicable and health insurance policies introduced, Insurance policies meeting the defined criteria to be issued in Electronic form,...