Some of the other issues, which will be matter of focus for Seth,...
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SBI Life’s net profit rises 14% to Rs594 crore in Q1 FY 25
SBI Life's Value of New Business (VoNB) stands at Rs.1,088 crores...
Former finance secy Ajay Seth appointed as new IRDAI chairman for 3 yrs
Ajay Seth, Chairman-designate, IRDAI Seth, a 1987-batch Indian...
Life insurance industry’s premium declines 30% to Rs 27,867 crore in July
Life insurance behemoth Life Insurance Corporation has seen a slow down in its premium accretion in the month of July. The corporation’s total premium has declined by 47 per cent y-o-y to Rs 15386.57 in the month of July Mumbai: Despite bullish performance by the...
Pramerica Life spearheads insurance awareness initiatives in Haryana and Nagaland
Pramerica Life Insurance has undertaken significant awareness initiatives in Haryana and Nagaland to educate the residents of these states on the importance of life insurance as part of the Insurance Regulatory and Development Authority of India (IRDAI)'s mission,...
IRDAI allows relaxation for insurers’ investments in HDFC post merger with HDFC Bank
In view of the merger of HDFC Ltd with HDFC Bank Ltd, Indian insurers had requested IRDAI to allow investments in HDFC Ltd bonds to be continued to be classified under Housing and Infrastructure sector and exempt the single investee equity exposure limits prescribed...
Shriram Life focused on exploring newer markets, customers: MD&CEO
''We are focused on reaching more customers and exploring newer markets to increase insurance penetration in the rural and middle-income segment,'' company MD and CEO Casparus J Kromhout said Chennai: Shriram Life Insurance is focused on exploring newer markets and...
Insurance ‘AAA’s unaffected by U.S. downgrade, financial conditions key risk: Fitch
Ratings for these U.S. insurers and the broader sector could face pressure if U.S. fiscal and governance deterioration contributes to a negative scenario of heightened capital market volatility and/or a more severe economic downturn The 'AAA' Insurer Financial...
Maharashtra: Man loses Rs 2.24 crore to insurance fraud
In his complaint to the police, the resident of Kamothe, near Mumbai, said he lost the money over three years, the official said. The man, whose occupation was recorded as "service" by the police, allegedly received a call before August 2020 from a person who claimed...
Max life ties up with South Indian Bank for selling insurance products
Max Life Insurance has announced its partnership with South Indian Bank, a private sector bank in India. Through this partnership, SIB customers will now have access to an extensive range of Max Life Insurance’s products tailored to meet their specific needs,...
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...