The 3.5 trillion yuan ($486 billion) fund — which covers medical...
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FSIB panel headed by BS Sharma gets one year extension
For insurance sector appointment, Usha Sangwan, former Managing...
Generali announces Central Bank as its new joint venture partner in 2 Indian insurance JVs
Generali will be holding a 74% stake while Central Bank of India...
Cyclone Michaung: Economic and Insured losses of Chennai floods will be much less than 2015 event
Preliminary estimate of 5th December devastation out of Cyclone Michaung in Tamil Nadu indicate the economic losses of around Rs 12,000 crore for the state and insured losses limited between Rs 1,500 crore to Rs 2000 crore Chennai: With all its fury and...
Insurers heavily exposed to climate change, global watchdog says
Insurers continue to have "material exposure" to climate change through investments in fossil fuels and energy-intensive industries, as well as through their underwriting of natural catastrophe risk, the global insurance watchdog said London: Insurers are heavily...
AXA explores $1.1 bln disposal of European protection businesses -sources
The transaction could include businesses in France, Italy, Spain and part of the UK, which all sit under the group’s AXA Partners division AXA is considering selling some of its protection insurance businesses across Western Europe in a deal that could be worth up to...
LIC reclaims Rs 5 lakh cr market cap; stock hits 52-week high
''We believe that LIC has a strong marketing agency force, while most focus has been on par policies, the agency team is capable of selling non-par policies as well,'' the analyst said Mumbai: The Life Insurance Corporation of India on Thursday reclaimed market...
LIC emerges as the 4th largest global life insurer in S&P’s new ranking
Allianz SE, China Life Insurance Co. Ltd. and Nippon Life Insurance Co. are the three largest life insurance companies in the world, said S&P which released its list of top 50 life insurers in the world, ranked by their life and accident & health reserves, one...
LIC intends to set up office in GIFT City during this financial year
"We are going to open our branch very soon in the GIFT City. It should happen during the current financial year itself. This will enhance our foreign operations," LIC Chairman Siddhartha Mohanty . New Delhi: Life Insurance Corporation (LIC) is planning to open office...
LIC amends norms for inclusion of shareholders’ directors on its board
The person elected as a shareholders' director would be appointed by the board for a term of 4 years and eligible for re-election and re-appointment for another term of 4 years, it added New Delhi: State-owned insurer LIC on Saturday said it has amended a framework to...
Govt is committed to develop a `Global Reinsurance Hub’ in India: Sitharaman
Nirmala Sitharaman, Union Finance Minister Lloyd’s is evaluating its options for setting up in GIFT City. The summit jointly organised by IFSCA and IRDAI has allowed the market to engage with the two regulators and obtain clarification on a number of areas, said...
Irdai effects a mini reshuffle of its sr officials, 2 members to retire soon
Though as early as July, the government had advertised for two posts of members- `Finance and Investment’ and `Actuary’ at the Irdai, no body has been selected for these posts as yet Hyderabad: Even as the government is yet to make any new appointments to...
LIC launches guaranteed return plan Jeevan Utsav
(Lto R) M Jagannath, MD, LIC and Siddhartha Mohanty,chairperson, LIC at the launching ceremony of corporation's new product Jeevan Utsav Siddhartha Mohanty,chairman, IRDAI had said the new product is poised to disrupt the market and that there is a widespread interest...