Generali will be holding a 74% stake while Central Bank of India...
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LIC CEO Bhanoo seeks govt push for taking insurance education to cities and schools across India
P. Jaipuria, secretary general, Insurance Institute of India, S.N....
Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses
For example, the country's biggest lender State Bank of India may...
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...
HDFC Life sets a Guinness world records™ title for its ‘Insure India’ campaign
HDFC Life has officially set a new Guinness World Records™ title for creating the largest online selfie mosaic made from 19,097 photos clicked by individuals for the ‘Insure India’ campaign. HDFC Life launched the ‘Insure India’ campaign to raise awareness on the...
LIC keen to keep part of its stake in IDBI Bank to reap benefit of bancassurance
''We have made it clear that IDBI Bank is our number one partner in bancassurance. We will retain the some stake in IDBI Bank so that the bancassurance partnership continues,'' LIC Chairman Siddhartha Mohanty said Mumbai: State-owned LIC, promoter of IDBI Bank, has...
LIC exploring possibility of setting up fintech arm, BCG to implement the project: Chairman
Siddhartha Mohanty, Chairperson, LIC, administering the Pledge of Preamble to the employees of the corporation on the occasion of Constitution Day on Sunday ''Our objective is to get best in class digital initiatives for all our stakeholders, customers,...
PSU insurers’ shares see sudden spurt on Friday
After lying low in recent years, on Friday GIC Re's share price has risen by 15 per cent to Rs 304.45 while NIA's scrip has gone up by 20 per cent to Rs 209. LIC's share gained 10 per cent and closed at a monthly high of Rs 678 on Friday Mumbai: Though , Sensex fell...
Pramerica Life launches individual non-participating savings plan
Pramerica Life Insurance has launched a new plan, Pramerica Life RockSolid Future, an individual non-participating non-linked savings life insurance plan. Pankaj Gupta, MD & CEO of Pramerica Life Insurance, said, "The product offering not only provides protection...
LIC projects double digit growth in FY24, plans to launch innovative products: Chairman
"We are projecting double-digit growth over the last year. We are going to achieve that because a recent trend is showing uptick in individual retail business. In order to further reinforce our commitment, we are going to launch some new attractive products," LIC...
Govt searches Aviva Life insurance office for alleged tax evasion-sources
The Aviva searches are part of a broader investigation involving many insurers who face allegations of at least $610 million in unpaid dues, a senior Indian government official, said. New Delhi: India's tax inspectors searched the office of British insurance giant...
Bank of England to deepen system-wide stress test for banks, insurers and pension schemes in 2024
The Bank wants to see how market players cope when there are huge demands for liquidity, such as meeting extra margin calls on positions in a short time. London: The Bank of England said on Friday it would start the second leg to its first system-wide stress test of...
LIC Q2 net profit at Rs 7,925 crore on lower income, ropes in BCG for digital transformation
`We are conscious of the market dynamics in certain parts of our business and are working towards profit-oriented consolidation. The distribution mix is also more diversified with increase in share of Bancassurance and Alternate Channels. We continue to remain focused...