Life Insurance Corporation has launched a new product Nav Jeevan...
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Axis Max Life Insurance reports cyber threat
Indian firms such as Angel One, Niva Bupa Health Insurance and Star...
IRDAI drops plans to tweak existing bancassurance rules for curbing mis-selling by insurers
(L to R)-R Venkatachalam Iyer, MD & CEO Tata AIA, Amit...
Govt grants one-time exemption to LIC to achieve 25 pc MPS in 10 yrs
LIC stock jumped over 7 per cent to reach its 52-week high in morning trade on Friday after getting a one-time exemption to achieve 25 per cent Minimum Public Shareholding (MPS) within 10 years. The stock climbed 7.25 per cent to reach its 52-week high of Rs 820.05 on...
2024: Reforms to keep Indian insurance sector buoyant
Sumit Rai, MD & CEO, Edelweiss Tokio Life Insurance One of the awaited developments of 2024 is that the government will table the Insurance Laws (Amendment) Bill as it has the potential to bring another round of positive reforms and bolster the growth prospects of...
PMJDY remains driving factor behind empowerment of unbanked; 51 cr accounts opened
More than 41 crore beneficiaries have benefited from accident insurance worth Rs 2 lakh under Pradhan Mantri Suraksha Bima Yojana New Delhi: Pradhan Mantri Jan Dhan Yojana (PMJDY) remains the driving factor behind the empowerment of countless unbanked citizens with...
Over 7.40 crore persons filed ITRs in FY23, 5.16 crore showed zero tax liability
The number of ITRs filed in the 2021-22 fiscal rose to over 6.94 crore and further to over 7.40 crore in the 2022-23 fiscal. The number of persons whose I-T returns amount to zero tax liability during the last four years increased from 2.90 crore in fiscal 2019-20 to...
LIC ropes in Kellton as its strategic HRMS partner
Kellton takes the helm in LIC's digital revolution by spearheading the implementation of state-of-the-art HR tech across an extensive network of more than 4,000 locations Gurgaon: Kellton, a global tech services player, has secured a groundbreaking multi-year project...
Bima Sugam: Insurers select E&Y as a consultant, new company and CEO soon to implement the project
Going by the earlier plans, Bima Sugam, built with a budget of Rs 200 crore,will be a centralised marketplace and a one-stop-shop for all insurance-related queries, including policy purchase, claim settlement, insurance advice and grievance redressal New...
LIC to play key role in achieving ‘Insurance For All by 2047, to launch a product for rural areas: Chairman
Siddhartha Mohanty,Chairman,LIC ''The focus would be how to cover maximum rural masses who actually need insurance. In coming days, rural share will also go up to our total business kitty.'Customers need not come to the office. Sitting at home on his mobile he can...
Irdai to collect larger socio-economy data to push insurance penetration: Member
B C Patnaik, Member (Life) The rising customer expectations requires the insurers to work towards shorter processing time, doorstep delivery, niche and customized products to ensure more and more customer engagement,Tablesh Pandey, managing director, Life Insurance...
Irdai chief stresses spreading of natural calamity covers in high-risk regions
Debasish Panda, Chairman,Irdai, is addressing an international seminar on ``Enhancing Insurance Inclusivity & Bridging the Protection Gap in India’ organised by National Insurance Academy in Mumbai Releasing the report, Irdai Chairman Debasish Panda said spreading...
HDFC Life has launches a new product
HDFC Life has launched a new product - HDFC Life Click 2 Achieve, a guaranteed savings life insurance plan. The plan is designed to safeguard the future of loved ones’ and attain their financial objectives.Aneesh Khanna, Head – Products & Segments, HDFC Life said,...