M Nagaraju, Secretary, Department of Financial Services ``The Bill...
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Raising FDI limit in insurance aimed at unlocking full potential of sector: FM
Nirmala Sitharaman Union ,Finance Minister "Further, this will...
Former finance secy Ajay Seth takes over as new chairman of IRDAI
Some of the other issues, which will be matter of focus for Seth,...
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...
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...