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TRAI convenes joint committee of regulators on issues of spam and cyber fraud
Key outcomes were urgent transition to 1600-Series for Commercial...
Allianz and Reliance Group’s Jio Finance float three 50-50 JVs for life,non-life and reinsurance business in India
Jio Financial Services Limited (JFSL) and Allianz Group (Allianz),...
Society of Actuaries Research Institute launches longevity Illustrator for Singapore, Hong Kong and Canada
"A variety of possibilities should be considered when preparing for retirement, including longevity. SOA's Longevity Illustrator, a web-based tool, is designed to provide information to help individuals and couples plan a secure retirement more effectively with just a...
No `Insurance Bill 2023′ in Parliament’s monsoon session
In this packed Parliament's Monsoon session, the Union government is likely to discuss a total of 31 bills, but ``Insurance Bill 2023’ for which the government has earlier sought approval of the Union Cabinet, is not included in the list New Delhi: The Insurance Bill...
Govt appoints Sat Pal Bhanoo as LIC MD
The government has appointed Sat Pal Bhanoo as one of the managing directors of Life Insurance Corporation (LIC).He has been appointed in place of Siddhartha Mohanty who has been appointed as chairman of LIC in April. Bhanoo's appointment is effective from the date of...
MDRT sets up shop in Singapore, appoints sr officials for APAC region
"The opening of MDRT Asia-Pacific headquarters underpins MDRT's commitment to the industry," said Carol Kheng, MDRT Second Vice President, who leads the new office. The new Singapore office will support MDRT events in the Asia-Pacific region, including the 2023 MDRT...
HDFC Bank to focus on bundled products for its customers: CEO
''Savings accounts, personal loans, insurance cover, SIPs can all be bundled along with a home loan to create a compelling value proposition to the customer, that probably does not exist in the market at the scale at which this is envisaged,'' said HDFC Bank managing...
ICICI Pru net profit rises 33 pc to Rs 207 crore in April-June quarter
Anup Bagchi, managing director & chief executive who assumed office mid-June, attributed the performance to the customer-centric approach and said the company will continue to focus on growing the absolute VNB Mumbai: Backed by robust investment income, ICICI...
Cognizant and Max Life launch product development center in Chennai
. “By harnessing our deep domain expertise and digital transformation capabilities we aim to help Max Life accelerate products to market and meet today’s customer demands for innovative and personalized services,” said Achal Kataria, Vice President and India Country...
SC quashes SAT’s stay on IRDAI’s order transferring Sahara Life’s biz to SBI Life
A two-judge bench of the apex court asked the SAT to decide the case afresh on August 3 observing that the appellate tribunal passed the stay order without providing any valid reason New Delhi: In its third hearing, the Abhay S Oka Supreme Court on Monday overturned...
IRDAI announces 3 winners for its first hackathon – “Bima Manthan 2022”
The winners are- AiBorne Tech, which has won the contest for its ` Motor Fraud Prevention/Mitigation’ project, Policybazaar Insurance Brokers Private Limited has become the 1st runner in the contest for its project `Last mile insurance coverage’ while Vlinder is the...
Govt seeks Cabinet nod to table `Insurance Act 2023′ in Parliament, `Insurance Act, 1938’ to be repealed
From the legislative point of of view, enacting `Insurance Act 2023’ by repealing `Insurance Act 1938' will be a simple exercise as its doesn't involve any major changes Earlier, the government dropped all its plans to bring in much talked about major reforms in the...