(L to R) Rishi Nath, official adjudicator, Guinness World Records,...
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Prudential appoints Naveen Tahilyani as its regional CEO for India and Africa
Naveen Tahilyani Earlier, Prudential plc had announced its plan to...
Bajaj Group get CCI’s nod to acquire Allianz’s 26 pc stake in insurance JVs for Rs 24,180 cr
"CCI approves the proposed combination involving acquisition of...
LIC to hold 5-day roadshows in Hong Kong, UK in June last week
The top management of LIC will interact with global investors through a series of meetings spread over five days and highlight the strength of the company The management will urge the investors to invest in LIC scrips as the company has huge potential, the sources...
LIC raises stake in SAIL by 2%
Life Insurance Corporation of India (LIC) has raised its stake in state-owned steel production firm SAIL by about 2 per cent to to 8.68 per through an open market acquisition. LIC bought 8.26 crore shares or 2.001 per cent of equity capital at an average price of Rs...
Max Life launches Smart Wealth Advantage Growth Par Plan
Max Life Insurance Company Ltd. has launched Smart Wealth Advantage Growth Par Plan - a non-linked participating Individual Life Insurance Savings Plan. The plan combines the power of ‘Protection, Liquidity, and Flexibility’ into a simple solution and offers...
Life insurers witness 4 pc decline in new biz premium to Rs 23,477.8 cr in May
LIC recorded an 11.26 per cent decline in its new business premium at Rs 14,056.29 crore during the month The rest 23 players in the private sector, however, witnessed their combined new business premium rise by 9.05 per cent to Rs 9,421.51 crore from Rs 8,639.72...
IRDA gives license to Go Digit Life, 4th new insurer in a year
Prem Watsa, founder, chairman, and chief executive of Fairfax Financial Holdings IRDAI in its 122nd board meeting held on 2nd June, has granted Certificate of Registration to Go Digit Life Insurance Limited to carry life insurance business in India, said the IRDAI on...
FSIB chooses 2 new MDs for LIC
The government's head hunting agency for PSU banks and insurers had interviewed seven candidates to select two managing directors of the corporation New Delhi: The Financial Services Institutions Bureau (FSIB) has chosen Sat Pal Bhanoo and R. Doraiswamy as new...
RBI Governor launches financial inclusion dashboard Antardrishti
Shaktikanta Das, Governor, Reserve Bank of India The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with the government and respective sectoral...
Geneva Association celebrates its 50th anniversary
Christian Mumenthaler, Chairman of The Geneva Association and Group CEO of Swiss Re, said: “What stands out, above all, is how insurers and reinsurers have dutifully confronted the world’s biggest challenges in the name of building resilience. In the uncertain times...
Take over of defunct Sahara Life’s biz unlikely to impact SBI Life’s balance sheet
The total number of policies being transferred is only a small percentage of SBI Life's total policies, a company official said.At the same time, capital related to policies based on actuarial calculation is being transferred to SBI Life, an insurance industry expert...
Odisha triple train tragedy: Govt asks insurers to report data on policyholders and claim payments
The department of financial services(DFS) has asked the General Insurance Council, the official representative body of general insurers, and Life Insurance Council, the official representative life insurers, to collect data from their members about their exposures to...