Lto R- Narendra Kumar Bharindwal, president, IBAI,Nirmala...
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Life
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HDFC Life launches ‘First Call’ term campaign
HDFC Life, has unveiled a new term insurance campaign titled “First...
Zero GST Impact: Pvt sector general and health insurers slash commission to brokers and agents by 18% from Oct 1
ICICI Lombard General Insurance, Tata AIG General insurer, Star...
Talent war, rising costs causing Indian employers to rethink benefits strategy: WTW Survey
In India, employers see risk and insurance benefits (51 per cent), health benefits (51 per cent) and career, training and development (43 per cent) as the most important benefits in their portfolios ''Economic factors, a tough labour market and tight budgets are...
Ministry of Finance approves welfare measures for LIC agents and employees
Siddhartha Mohanty, chairperson, LIC, thanked finance minister Nirmala Sitharaman for extending the benefits of agents and employees of the corporation New Delhi: The Ministry of Finance today approved a series of Welfare measures for the benefit of agents and...
RBI’s financial inclusion index rises; shows growth across all segments
In August 2021, the central bank said it has been conceptualised as a comprehensive index, incorporating details of banking, investments, insurance, postal, as well as the pension sector, in consultation with government and respective sectoral regulators Mumbai: The...
Bank of England tells UK to hold insurers to account on infrastructure
Britain is rolling back capital rules for insurers from later this year and the industry has said this would make available up to 100 billion pounds to invest in infrastructure, but some lawmakers have doubts this will actually be the case The government should check...
LIC presents dividend cheque of Rs 1,831 cr to FM
(L to R) M P Tangirala, additional secretary, Dept of Financial Services, Nirmala Sitharaman, Union Finance Minister, Siddhartha Mohanty, chairman, LIC, M Jagannath,MD, LIC The corporation had a total premium income of Rs 4,74,005 crore and a net profit of Rs...
China sentences former head of its largest life insurer to death with a 2-yr reprieve
Wang Bin, ex-chairman of China Life Insurance Co., was found to have taken bribes worth 325 million yuan ($45 million) and hiding overseas deposits, China Central Television reported Tuesday, citing a court ruling Beijing: China sentenced the former head of the...
Aviva quits Singaore life JV, Sells stake to Sumitomo Life for $997 million
Aviva Chief Executive Amanda Blanc said the transaction further simplifies the business and puts the company in a very strong position to build on its trading momentum in the UK, Ireland and Canada London: Aviva is quitting its Singlife joint venture, selling its...
Protection Gap: a meager 6% of Indian insureds have sufficient insurance coverage, SBI Life Study
``It's a matter of great concern that 80% of consumers acknowledge insurance's pivotal role in financial security, yet a staggering 94% remain inadequately covered. This stark contrast between perception and reality drives our mission's urgency,''Mahesh Kumar Sharma,...
DFS Secy Joshi wants GIC Re to grow its life reinsurance business
N Ramaswamy, CMD designate,GIC Re, Vivek Joshi,Secretary, Department of Financial Services, KK Sharma, Chief Postmaster General, Maharashtra Circle. Devesh Srivastava, CMD, GIC RE, at an event on Tuesday for releasing GIC Re's Customized Corporate My Stamp (CCMS)...
Bima Sugam: IRDAI sets a new deadline of July 2024, forms insurers’ panel for its execution, to select a consultant soon
Cyril Amarchand Mangaldas (CAM) has been appointed as the legal counsel for the project. Responsibilities of CAM will include incorporation of Section 8 not-for-profit company which will be the company owning the Bima Sugam platform The platform will support all...