According to the block deal data available on the NSE, SBI Life...
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Enable, Embed and Evolve: 3 essential phases of AI transformation in a customer-centric enterprise
“Insurance leaders need a clear strategy to unlock value and...
Bharti AXA Life Insurance launches ‘BIMA BHARTI’ apprenticeship program
Bharti AXA Life has rolled out its flagship nationwide...
SC to hear IRDA’s appeal against SAT order `staying transfer of Sahra Life’s biz to SBI Life’ on July 3
Though, Solicitor General Tushar Mehta, appearing for the IRDA had sought urgent hearing of the matter, SC’s vacation bench presided by Justice Surya Kant said there was no urgency and directed the matter to be heard on July 3 Earlier, in a big relief to Sahara India...
Tata AIA Life’s net profit zooms six fold to Rs 506 crore in FY23
The company's total premium income for the fiscal grew by 42 per cent to Rs 20,503 crore compared to Rs 14,445 crore in the previous year Mumbai: Tata AIA Life Insurance (Tata AIA) reported a 615 per cent jump in its net profit to Rs 506 crore in FY 2022-23 from Rs 71...
Bajaj Allianz Life opens office in Dubai
Aiming to improve customer services to its non-resident Indian (NRI) population in the Middle East, Bajaj Allianz Life is opening its first representative office in Dubai, ."GCC’s sizeable NRI community is of pivotal importance to us," said Tarun Chugh, MD and CEO of...
LIC announces relaxations for victims of Cyclone Biparjoy
LIC in a statement said it is reaching out to the affected people to provide assistance although the loss of lives has been minimal. LIC has also created a portal link for the online submission of claims arising due to Biparjoy Cyclone New Delhi: Following insurance...
IRDAI fine-tuning Bima Sugam plans, revamping claim settlement process and ombudsman network: Chairman
(Lto R) SN Rajeswari, member(Distribution), IRDAI, Debasish Panda, chairman,IRDAI, Sumit Bohra, president,Insurance Brokers Association at the Annual Brokers' Meet in Mumbai on Friday "We are working to make the platform and the product as glitch-free as possible,"...
SBI, LIC, two other sponsors to dilute stake in UTI Mutual Fund
UTI Mutual fund is promoted by the State Bank of India (SBI), Life Insurance Corporation of India (LIC), Punjab National Bank (PNB) and Bank of Baroda (BoB), having a combined holding of 45.21 per cent in the paid-up capital New Delhi: Sponsors of UTI Mutual Fund,...
Sitharaman chairs meeting of banks, insurance firms; reviews preparedness for cyclone ‘Biparjoy’
Niramala Sitharaman,Union Finance Minister ''MDs from the banks & insurance companies provided a detailed update on the precautionary measures for the #CycloneBiparjoy. During the meeting, Smt @nsitharaman stated that all Disaster Management protocols should be...
IRDA asks industry players to strictly comply with norms on reporting of `Cyber Security Incident’
All regulated entities are directed to scrupulously follow the provisions regarding reporting of incident to IRDAI and Cert-In. Further, the regulated entities are required to submit available details of `Cyber Security Incident' to the regulator in an enclosed format...
SAT stays Irdai order transferring Sahara’s Life Insurance biz to SBI Life
"The fact that the earlier direction of the respondent (Irdai) in transferring the business to ICICI Prudential Life Insurance Company was set aside in 2018 and since then no steps had been taken to transfer the policies, we find it strange that such steps have been...
Kotak Life to recruit Ex-Servicemen for various roles in the company
Kotak Mahindra Life Insurance Company (Kotak Life) on Monday signed a Memorandum of Understanding (MOU) with the Directorate General Resettlement (DGR), an Inter Service organization functioning directly under the Department of Ex-Servicemen Welfare (Ministry of...