Canadian billionaire Prem Watsa's company Fairfax Financial...
Category:
Life
Latest
HDFC Life launches East-focused campaign in West Bengal and Odisha to drive the need for financial preparedness
Consumer studies from the East indicate that lifestyle improvement...
Urban Indians are insured, yet financially exposed: Report
The report spotlights the underinsurance of working women. Only 19...
SC declines to allow same-sex marriages
On April 27, the court asked the Centre whether social welfare benefits such as opening joint bank accounts, nominating a life partner in provident fund, gratuity and pension schemes can be extended to same-sex couples without going into the issue of legal sanction to...
Irdai rejection raises more questions for Hinduja-led IIHL on source of funds for RCAP acquisition
The RBI-appointed Administrator of debt-ridden Reliance Capital (RCAP) wrote to IIHL after Insurance Regulatory and Development Authority of India (Irdai) rejected IIHL's proposal to raise funds for the RCAP acquisition by creating a pledge over the shares of Reliance...
T’gana polls: BRS promises increased social security pensions and health insurance in manifesto
K Chandrasekhar Rao,BRS chief and Telangana Chief Minister 93 lakh families living below the poverty line (BPL) in the state would be provided life insurance cover of Rs five lakh and that the government would bear the cost of the premium. Social security pension,...
HDFC Life reports a 15.5% rise in Q2 net profit on higher premium
"Despite the recent budget changes that were perceived to be unfavourable for the sector, the life insurance industry has demonstrated remarkable resilience," HDFC Life's CEO Vibha Padalkar said Mumbai: India's HDFC Life Insurance Company reported a 15.5% rise in...
Bharti to acquire AXA’s 49% stake in Indian life Insurance JV, scouts for new partners, AXA exits both Indian life and non-life biz
Bharti’s intention is to ensure that the life Insurance business continues to serve the Indian market and, in this regard, it is engaging with other strategic and financial investors to partner and or combine, so as continue to scale this business New Delhi: Sunil...
LIC receives Rs 37,000 tax notice from J&K GST body
The Jammu & Kashmir GST authority has calculated the pending dues of the LIC saying the corporation has paid taxes at 12% instead of 18 % on certain invoices Mumbai: Life Insurance behemoth Life Insurance Corporation(LIC) on Wednesday said it has received a demand...
Aviva shares jump 8% as Times cites takeover talk
Names of potential bidders mentioned include Germany’s Allianz SE, Denmark’s Tryg AS, and Canada’s Intact Financial Corp, the Times said. LONDON: Shares in Aviva shot up almost 9% on Friday, after Britain's Times newspaper cited talk of a possible takeover of one of...
After NCLT snub, Torrent Investment once again knocks SC’s doors
In a fresh Letter of Urgency, Torrent Investment has stated that during the pendency of its appeals before the SC, the Committee of Creditors (COC) of Reliance Capital have not only conducted the second round of auction, but approved the resolution plan of IIHL and...
LIC gets income tax penalty notice of Rs 84 crore; insurer to file appeal
For assessment year 2012-13, the tax authority has imposed a penalty of Rs 12.61 crore, for 2018-19 Rs 33.82 crore, while Rs 37.58 crore for assessment year 2019-20, LIC said in a regulatory filing NEW DELHI: Life Insurance Corporation (LIC) on Tuesday said that the...
Strategic shift: LIC increases its g-sec exposures
Presently, more than 70 per cent of LIC's investments from its non-participating fund of Rs 13.5 trillion ($162.39 billion) is invested in debt, they said. Most insurers keep debt levels at above 90 per cent in their non-participating book to cushion their solvency...