M Nagaraju, Secretary, Department of Financial Services ``The Bill...
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Raising FDI limit in insurance aimed at unlocking full potential of sector: FM
Nirmala Sitharaman Union ,Finance Minister "Further, this will...
Former finance secy Ajay Seth takes over as new chairman of IRDAI
Some of the other issues, which will be matter of focus for Seth,...
LIC’s $30 billion market rally gives IPO investors chance at redemption
Gains in India’s broader equity market have been a boon to LIC, also the country’s largest investor with funds of more than $100 billion. An improved outlook for its premium business and prospects of a higher dividend payout has also spurred interest in the shares,...
Sunil Sharma takes over as CEO of RGA’s India operations
Sunil Sharma,CEO, RGA, India Sunil Sharma, a qualified actuary, holds more than 30 years of experience in insurance and reinsurance markets globally and was the president, chief actuary, and chief risk officer at Kotak Life most recently Hong Kong: Reinsurance Group...
Bima Manthan: IRDAI to include state insurance plans in revised rural and social obligation for the industry
The mission of achieving maximum insurance inclusion received further impetus through deliberations on the progress of the industry under the State Insurance Plan, said the IRDAI on Thursday The broader discussions ventured into crucial areas, such as availability of...
Bajaj Allianz Life unveils Plankathon 2024
Bajaj Allianz Life has unveils Plankathon 2024, encouraging individuals to share their planking videos with the #PlankForAces, creating a collective gesture of gratitude for ISRO's stellar contributions to space exploration. There will be an on-ground event in...
Sanlam banks on India as its home market reels
Paul Hanratty,Chief Executive Officer, Sanlam “If you ask where our real short-term upside is, it’s India. We’ve got a great business with them, growing tremendously. That is our fast-growth outlet” Paul Hanratty, 62 Sanlam Ltd., Africa’s biggest insurer, is banking...
LIC launches a new pension plan-Jeevan Dhara
Siddhartha Mohanty, chairman Life Insurance Corporation(LIC) launched Jeevan Dhara, a non-linked, non-participating, individual, savings, deferred annuity plan. It has option to take death claim proceeds as lump-sum, in the form of annuitisation or in instalments....
Half- day holiday declared for PSU insurers on Jan 22
Public sector banks, insurance companies, financial institutions and regional rural banks will remain closed for half day on January 22 due to the Ram temple consecration ceremony in Ayodhya. Earlier in the day, the Department of Personnel and Training issued an order...
Innovation is key for achieving Insurance for all by 2047 : LIC Chief
Siddharth Mohanty, chairman, Life Insurance Corporation In the age of high competition for the business in the industry, Mohanty, however,emphasised that insurance companies also need to prioritize purpose before profit and should focus on social consciousness rather...
LIC receives IT refund of Rs 25,464 crore relating to interim bonus
For LIC, this is second time in recent years large IT refund has happened. Earlier it had received a IT refund of Rs 6000 crore Mumbai: Life Insurance Corporation of India (LIC) said it has received an income tax refund of Rs 25,464 crore relating to interim bonus to...
HDFC Life Q3 profit rises 16% to Rs 365 crore
Vibha Padalkar,MD & CEO, HDFC Life On the Irdai plans to massively hike the surrender value of policies mid-way, Padilkar said that conceptually she agrees with the proposal, as policyholders should not be losing their money if on surrender. However, the industry...