The Insurance Amendment Bill, which proposes allowing 100 per cent...
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Riskcovry launches first Model Context Protocol server as a distribution platform
Riskcovry, an insurtech infrastructure platform, has launched the...
Pant and Patnaik take charge as new LIC MDs, FSIB to interview 4 MDs to select a new CEO soon
The MDs who will be appearing for the FSIB interview are-Sat Pal...
Govt seeks Cabinet nod to table `Insurance Act 2023′ in Parliament, `Insurance Act, 1938’ to be repealed
From the legislative point of of view, enacting `Insurance Act 2023’ by repealing `Insurance Act 1938' will be a simple exercise as its doesn't involve any major changes Earlier, the government dropped all its plans to bring in much talked about major reforms in the...
Tangirala joins IRDA and LIC as govt’s nominee
The government has nominated M. P. Tangirala, additional secretary, Department of Financial Services, as as part-time member of the Insurance Regulatory and Development Authority of India as well as director on the board of the Life Insurance Corporation with...
Life insurers’ Q1 new business premium collections decline 0.9 pc: Report
Among total collections in the first quarter, private players grew 10.6 per cent to Rs 28,167.7 crore year-on-year from Rs 25,473.5 crore, when it grew by 48.8 per cent Mumbai: Life insurers collectively witnessed a 0.9 per cent decline in the first quarter new...
Max Life partners with DCB Bank to offer life solutions
Max Life Insurance Company Ltd. has announced its partnership with DCB Bank for providing a variety of life insurance products to the bank's customers, including term, savings, and retirement plans, allowing them to protect their financialfuture and expand their...
Edelweiss Tokio Life Insurance launches term plan
Edelweiss Tokio Life Insurance has launched Zindagi Protect, a term insurance plan that offering three optional benefits – child’s future protect benefit, better half benefit, and premium break benefit. Subhrajit Mukhopadhyay, executive director, Edelweiss Tokio Life...
India to be the 6th largest insurance market by 2032, life market more promising than non-life: Swiss Re report
With $131 billion of total premium in 2022, currently, India is the 10th largest market in the world where US, China and UK are the top three largest markets India's life insurance premium market, with a premium of $100 billion, that has grown by 8.2 per cent in 2022...
Tata AIA Life Insurance launches `Small Cap Discovery Fund’
Tata AIA Life Insurance (Tata AIA), has launched its first dedicated Small-Cap fund, Tata AIA Small Cap Discovery Fund. The New Fund will offer policyholders the opportunity to generate capital appreciation in the long-term by investing in small-cap market...
Britain to tap pensions for infrastructure as Thames Water toils
Britain's financial services were largely cut off from the EU due to Brexit, with Amsterdam overtaking London as the region's biggest share trading centre. UK chip designer ARM's decision to list in New York and not London has also piled pressure on Britain to bolster...
Munich Re appoints Owais Ansari as CEO, Life & Health Middle East and North Africa
Owais Ansari, chief executive officer, Life & Health, Middle East and North Africa, Munich Re Owais Ansari said,``The Middle East and North Africa offer significant opportunities for life and health (re-)insurance. Munich Re having an established presence in this...
IndusInd Bank holding co to raise $1.5 bn to fund RCap buy, increase stake in lender to 26 pc
RCap administrator is likely to file the IIHL resolution plan in the NCLT Mumbai this week as the deadline of July 15 to file is approaching. Operating companies under Reliance Capital are into insurance (life, general and health), asset reconstruction and broking...