M. Nagaraju, secretary, Department of Financial Services Further,...
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Life Insurance: Current offerings do not align with financial priorities of next-gen customers
The life insurance industry is facing a critical challenge as its...
Insurance Amendment Bill likely to be introduced in Winter session FM Sitharaman
Nirmala Sitharaman,Finance Minister The finance ministry has...
IRDAI asks insurers to put in place Climate Risk Management framework by Apr 1
As part of the Board’s internal governance practices, the Board has to consider and adopt appropriate steps and measures towards succession planning through a process of proper identification and nurturing of individuals for taking up directorship and KMP (Key...
Insurers need not seek its prior-approval for going public: IRDAI
The IRDAI will soon provide more clarity on capital structure of the applicants seeking new registration and provide more clarity on applicability of requirement of prior- approval for transfer of shares Hyderabad: Announcing some key measures, Indian insurance...
Insurance industry welcomes Sitharaman’s Interim Budget
In agriculture, support for post-harvest investments, dairy farmers, disease control, and crop insurance highlights a commitment to the sector's growth. Healthcare accessibility is set to improve with the extension of Ayushman Bharat and the plan to establish...
Banks and insurers to lose reprieve from EU’s toughest ESG rule
The European Parliament and the European Council are moving toward an agreement that banks, asset managers and insurers should be viewed in the same way as other companies when it comes to ensuring that their value chains aren’t subject to environmental or human...
PB Fintech’s first quarterly net profit at Rs 38.05 crore in Q3
Revenue from operations rose nearly 43 per cent to Rs 871 crore as proceeds from its insurance broker services more-than-doubled Mumbai: PB Fintech, the parent of online insurance aggregator Policybazaar, reported on Tuesday its first quarterly profit since listing,...
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...