Global insurance premiums are set to grow by 2.3% in real terms in...
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Need to relook at Rs 15k ceiling for mandatory pension enrolment: DFS Secy
“We need to look at it…how do we secure the future of those who...
Canara HSBC Life Insurance has appointed Dinesh Tak as chief agency officer
Canara HSBC Life Insurance has appointed Dinesh Tak as Chief Agency...
Over 7.40 crore persons filed ITRs in FY23, 5.16 crore showed zero tax liability
The number of ITRs filed in the 2021-22 fiscal rose to over 6.94 crore and further to over 7.40 crore in the 2022-23 fiscal. The number of persons whose I-T returns amount to zero tax liability during the last four years increased from 2.90 crore in fiscal 2019-20 to...
LIC ropes in Kellton as its strategic HRMS partner
Kellton takes the helm in LIC's digital revolution by spearheading the implementation of state-of-the-art HR tech across an extensive network of more than 4,000 locations Gurgaon: Kellton, a global tech services player, has secured a groundbreaking multi-year project...
Bima Sugam: Insurers select E&Y as a consultant, new company and CEO soon to implement the project
Going by the earlier plans, Bima Sugam, built with a budget of Rs 200 crore,will be a centralised marketplace and a one-stop-shop for all insurance-related queries, including policy purchase, claim settlement, insurance advice and grievance redressal New...
LIC to play key role in achieving ‘Insurance For All by 2047, to launch a product for rural areas: Chairman
Siddhartha Mohanty,Chairman,LIC ''The focus would be how to cover maximum rural masses who actually need insurance. In coming days, rural share will also go up to our total business kitty.'Customers need not come to the office. Sitting at home on his mobile he can...
Irdai to collect larger socio-economy data to push insurance penetration: Member
B C Patnaik, Member (Life) The rising customer expectations requires the insurers to work towards shorter processing time, doorstep delivery, niche and customized products to ensure more and more customer engagement,Tablesh Pandey, managing director, Life Insurance...
Irdai chief stresses spreading of natural calamity covers in high-risk regions
Debasish Panda, Chairman,Irdai, is addressing an international seminar on ``Enhancing Insurance Inclusivity & Bridging the Protection Gap in India’ organised by National Insurance Academy in Mumbai Releasing the report, Irdai Chairman Debasish Panda said spreading...
HDFC Life has launches a new product
HDFC Life has launched a new product - HDFC Life Click 2 Achieve, a guaranteed savings life insurance plan. The plan is designed to safeguard the future of loved ones’ and attain their financial objectives.Aneesh Khanna, Head – Products & Segments, HDFC Life said,...
Cyclone Michaung: Economic and Insured losses of Chennai floods will be much less than 2015 event
Preliminary estimate of 5th December devastation out of Cyclone Michaung in Tamil Nadu indicate the economic losses of around Rs 12,000 crore for the state and insured losses limited between Rs 1,500 crore to Rs 2000 crore Chennai: With all its fury and...
Insurers heavily exposed to climate change, global watchdog says
Insurers continue to have "material exposure" to climate change through investments in fossil fuels and energy-intensive industries, as well as through their underwriting of natural catastrophe risk, the global insurance watchdog said London: Insurers are heavily...
AXA explores $1.1 bln disposal of European protection businesses -sources
The transaction could include businesses in France, Italy, Spain and part of the UK, which all sit under the group’s AXA Partners division AXA is considering selling some of its protection insurance businesses across Western Europe in a deal that could be worth up to...