The 3.5 trillion yuan ($486 billion) fund — which covers medical...
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FSIB panel headed by BS Sharma gets one year extension
For insurance sector appointment, Usha Sangwan, former Managing...
Generali announces Central Bank as its new joint venture partner in 2 Indian insurance JVs
Generali will be holding a 74% stake while Central Bank of India...
RBI reviews risks to Kotak Mahindra Bank’s stability from its 2 insurance subsidiaries: Report
The bank however has termed claims made in this report "completely incorrect and baseless" Kotak Mahindra's holdings in units - Kotak Mahindra Life Insurance Co. and Kotak Mahindra General Insurance Co. - are also under review as the central bank assesses the banks'...
LIC launches a new term plan, minimum sum assured at Rs 15 lakhs
The minimum instalment premium will be Rs.3000 for regular premium policies and Rs.30000/- for single premium policies Mumbai: Life Insurance Corporation LIC) has introduced a new non linked, non participating, term plan- Jeevan Kiran, on Thursday. It is an...
Max Life aims to recruit 50,000 agents in fy23-24
V. Viswanand, deputy managing director, Max Life said, “As part of our long-term business expansion strategy, the plan to hire more than 50,000 life advisors enables Max Life to cater to the specific needs of its diverse customer segments. Our strategic investments...
Future Generali India Life partners with JM Financial for selling insurance
Future Generali India Life Insurance has announced a strategic alliance with JM Financial Services Limited, a prominent financial services group. to sell its insurance product offerings and extend its market presence across the country. Bruce de Broize, managing...
SBI Life Q1 net profit rises 45% to Rs 381 crore
The life insurer's Value of New Business (VoNB) has declined by one per cent and stood at Rs 8.7 billion in the reporting quarter. Similarly, the company has seen its New Business Margin (VoNB Margin) falling to 28.8 per cent in Q1Fy 2023-24 from 30.4 per cent in the...
Kotak Life’s tie-up with Muthoottu Mini to offer life insurance to retail customers
Kotak Mahindra Life Insurance Company Ltd (Kotak Life) announced its corporate agency tie-up with Muthoottu Mini Financiers Ltd. (Muthoottu Mini) to offer life insurance products to retail/individual customers. The tie-up will help thirty lakh customer base of...
Bandhan group to acquire Aegon life
Karni S Aaha, MD, Bandhan Financial Holdings, said, ``The acquisition of Aegon life provides us an opportunity to enhance our portfolio of products and services in the financial services sector.’’ Mumbai/Kolkata: After a year of search, the promoters of Aegon Life,...
TCS enters 10-year partnership with AIB Life, to support AIB’s Ireland operations
TCS will provide end-to-end administration, information technology and customer as well as claims handling services through its global delivery centre in Letterkenny, Donegal, the company said. New Delhi: Tata Consultancy Services (TCS) on Monday said it has assisted...
Changes in insurance sector will help create value for customers: Parekh
These regulations will increase the ease of doing business, encourage development of longer-term products, improve persistency, thereby creating value for customers,HDFC Life Chairman Deepak Parekh said Mumbai: The massive changes taking place on the regulatory front...
HDFC Life Q1 profit rises 15 pc to Rs 415 cr
Vibha Padalkar,chief executive and managing director, HDFC Life The company's value of new business, which is the value of the future profits of policies sold in the quarter, grew 18 per cent to Rs 610 crore, which Padalkar claimed is more than 1.5x the average...