Mukesh Ambani, chairman, Reliance Industries Currently, JFS, which...
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No Insurance Amendment Bill in Parliament’s Monsoon session
M Nagaraju, Secretary, Department of Financial Services ``The Bill...
Raising FDI limit in insurance aimed at unlocking full potential of sector: FM
Nirmala Sitharaman Union ,Finance Minister "Further, this will...
Reliance’s financial unit to list on bourses on Aug 21
The company will primarily operates in the NBFC market and credit market segment and has strategic plans to expand its operations into insurance, digital payment, and asset management verticals Mumbai: Jio Financial Services, the demerged financial services unit of...
HDFC International Life & Re launches new global products from GIFT City – IFSC
HDFC Life International will offer US Dollar denominated life and health insurance solutions for Non-Resident Indians (NRIs) and the global Indian diaspora HDFC AMC International (IFSC) Limited will offer fund management and advisory solutions and be positioned as...
III collaborates with Mumbai University to launch PG Diploma course in Insurance Marketing
The classes will commence from 19th August and on successful completion of the course the Diploma will be awarded jointly by the Insurance Institute of India and Mumbai School of Economics and Public Policy (Autonomous), University of Mumbai Mumbai: Mumbai based...
Life insurance: New CBDT rules on calculating income for policies with premium exceeding Rs 5 lakh
According to the change, for policies issued on or after April 1, 2023, the tax exemption on maturity benefits under Section 10(10D) will only be applicable if the aggregate premium paid by an individual is up to Rs 5 lakh a year New Delhi: The Income Tax department...
Tokio Marine Southeast Asia asset sale draws Japan rivals
Tokio Marine has been gauging interest in the assets, which could be valued at about US$1 billion (RM4.61 billion) Japanese financial services firms have been eyeing assets in Southeast Asia as a way to expand and diversify outside of Japan. Japanese insurers Dai-ichi...
R Doraiswamy appointed as MD of LIC
The government has appointed R Doraiswamy, 56, executive director, (IT/SD), Life Insurance Corporation as managing director of the corporation in place of Ipe Mini , who will be retiring on 31st August. He will be retiring on 31st Aug,2026.
National Insurance Academy seeks partnerships to venture into hi-tech research and training: new Director
``We are keen on taking insurance related initiatives to the masses through new age technologies like AI, ML and Blockchain etc and undertake research in the areas of Cyber security, Financial Inclusion, Social Security, Crop yields, Risk Management, allied areas and...
IRDAI appoints Canara HSBC Life Insurance as lead insurer for Karnataka
“The State Level Insurance Committee should ideally formulate a short term and medium term plan so that a more dedicated and synergized approach is followed within state for insurance awareness. PMJJBY is a measurable product and IRDAI can support the initiative by...
LIC’s net profit jumps to Rs 9,544 crore in Q1FY24
Siddarth Mohanty, chairman, LIC ``Our premium has fallen in Q1 as our ticket size of the policy has gone up. We would like to grow our bottomline but would ensure that our top line growth is maintained at better than the industry's growth rate so that our market share...
Axis Bank to infuse Rs. 1,612 crore in Max Life, Stake to go up to 19.02%
Max Life Insurance new business margin (NBM) expanded to 22.2% in Q1FY24, improved 110 bps over corresponding previous quarter mainly driven by change in product mix Value of New Business (VNB) grew by 16% to Rs. 247 Crore in Q1FY24 New Delhi: After the approval of...