"Offer for Sale in LIC received an overwhelming response from the...
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Life
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Breaking Silos: Unlocking next growth journey
India’s insurance market is entering a new phase where distribution...
Govt launches 2.5% OFS in LIC; floor price fixed at Rs 382 per share, may raise Rs 31,410 crore
"Offer for Sale in LIC opens tomorrow for Non-Retail investors....
New DFS secy Lohiya joins LIC board, HH Mishra inducted into NIA
Sanjay Lohiya, who will become the new secretary, Department of Financial Services from June 1, has replaced Shalini Pandit as the Government nominee director on the board of Life Insurance Corporation of India (LIC) on May 13.Hari Har Mishra, additional secretary,...
LIC emerges as highest profit-making financial company in Jan-Mar quarter
However, SBI significantly outpaced LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC's Rs 57,419 crore. New Delhi:State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial sector in...
LIC’s net profit rises 23% to Rs23,420 crore in Q4FY26, declares a dividend of Rs 10 per share
R Doraiswamy, CEO & M D, LIC, said,“FY 2025-26 has been a satisfying year for us, with strong overall growth across every business vertical leading to record performance metrics. We have achieved a Non Par share on APE basis in our individual business of more than...
Munich Re appoints Gavin Maistry as its chief executive for Life and Health, Asia Pacific, Middle East and Africa
Gavin Maistry, chief executive-designate,Life and Health Asia Pacific, Middle East and Africa, Munich Re In his new role, Gavin Maistry will oversee approximately 600 professionals across 16 branches and representative offices, serving over 600 clients in APAC MEA. In...
Motherhood & Financial Planning: Securing every stage of life with confidence
A strong financial plan is not built only around protection. It must also account for wealth creation,continuity of income and long-term financial stability across changing life stages Vikas Gupta, Chief Product Officer, ICICI Prudential Life Insurance Company...
Govt asks state-run banks,insurance firms to cut costs, shift to EVs
Under the new measures, all meetings, reviews and consultations must be conducted via video conferencing unless physical presence is deemed essential, the order issued by the Department of Financial Services said. NEW DELHI: India's finance ministry directed...
UK’s Prudential buys 75% in Bharti Life Insurance for Rs 3,500 crore, to reduce stake in ICICI Pru Life to below 10% from 22%
Anil Wadhwani, CEO, Prudential There is potential additional consideration payable of up to ₹700 crore ($78 million) by Prudential in Bharti Life deal, dependent on the fulfilment of certain conditions. Anil Wadhwani, CEO, Prudential, said, “India is a strategically...
IRDAI gets ready to implement Risk Based Capital norms for insurers,to publish draft regulations soon
The IRDAI's board in its recent meeting had deliberated the issue and approved drafting and publishing the draft regulations on the proposed Indian Risk Based Capital Framework for stakeholder consultation.The issues which need to be addressed before launching RBC in...
IRDAI to intensify monitoring of insurance industry’s performance:Ajay Seth
Ajay Seth, chairman, IRDAI Seth highlighted that in non-life Insurance sector, persistent rise in complaints signals systemic service issues.Health and motor claims are key drivers, highlighting growing policyholder friction and the need for targeted corrective...
HDFC Life and Bajaj Life announce record bonus for FY26
HDFC Life, announced a bonus of ₹4,596 crore for Fy26.Bajaj Life Insurance declareds a bonus of Rs1939 crore for FY26 Mumbai:HDFC Life, one of India‟s has announced a bonus of Rs4,596 crore in the Company‟s board meeting held on 16th April, 2026, reinforcing its...