Wilf Blackburn, ex-regional CEO of Prudential Asia, is proposed to...
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Shriram Life Insurance signs bancassurance deal with ESAF Small Finance Bank
Shriram Life Insurance Company (SLIC) has partnered with ESAF Small...
Govt’s Bima Sakhi Scheme enrolls over 2 lakh women
Pankaj Chaudhary, minister of state ,Ministry of Finance LIC has...
Future Generali India Life partners with JM Financial for selling insurance
Future Generali India Life Insurance has announced a strategic alliance with JM Financial Services Limited, a prominent financial services group. to sell its insurance product offerings and extend its market presence across the country. Bruce de Broize, managing...
SBI Life Q1 net profit rises 45% to Rs 381 crore
The life insurer's Value of New Business (VoNB) has declined by one per cent and stood at Rs 8.7 billion in the reporting quarter. Similarly, the company has seen its New Business Margin (VoNB Margin) falling to 28.8 per cent in Q1Fy 2023-24 from 30.4 per cent in the...
Kotak Life’s tie-up with Muthoottu Mini to offer life insurance to retail customers
Kotak Mahindra Life Insurance Company Ltd (Kotak Life) announced its corporate agency tie-up with Muthoottu Mini Financiers Ltd. (Muthoottu Mini) to offer life insurance products to retail/individual customers. The tie-up will help thirty lakh customer base of...
Bandhan group to acquire Aegon life
Karni S Aaha, MD, Bandhan Financial Holdings, said, ``The acquisition of Aegon life provides us an opportunity to enhance our portfolio of products and services in the financial services sector.’’ Mumbai/Kolkata: After a year of search, the promoters of Aegon Life,...
TCS enters 10-year partnership with AIB Life, to support AIB’s Ireland operations
TCS will provide end-to-end administration, information technology and customer as well as claims handling services through its global delivery centre in Letterkenny, Donegal, the company said. New Delhi: Tata Consultancy Services (TCS) on Monday said it has assisted...
Changes in insurance sector will help create value for customers: Parekh
These regulations will increase the ease of doing business, encourage development of longer-term products, improve persistency, thereby creating value for customers,HDFC Life Chairman Deepak Parekh said Mumbai: The massive changes taking place on the regulatory front...
HDFC Life Q1 profit rises 15 pc to Rs 415 cr
Vibha Padalkar,chief executive and managing director, HDFC Life The company's value of new business, which is the value of the future profits of policies sold in the quarter, grew 18 per cent to Rs 610 crore, which Padalkar claimed is more than 1.5x the average...
AXA and AIG may exit UK life biz
Dealmaking in insurance has remained relatively buoyant despite a broader slowdown in mergers and acquisitions, as insurers continue to streamline their operations and exit business lines to reallocate capital to their focus areas London: Two of the world’s largest...
Financial services secretary asks banks to achieve financial inclusion targets at earliest
He also reviewed the progress made by banks with special focus on the progress under the ongoing Jan Suraksha campaign of PMJJBY & PMSBY schemes in all the Gram Panchayats of the country being held from April 1 and urged them to ensure achievement of targets of...
Reliance’s financial unit valued at $21 bn, to venture into life and general insurance soon
The group aspires to foray into non-lending financial businesses like life/ general insurance and AMC where it can even take the inorganic route and benefit from recent regulatory change that allows banks to have up to nine insurance partners. Mumbai: Jio Financial...