In a move that reinforces its purpose-driven brand narrative,...
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Prudential’s CEO Anil Wadhwani meets Sitharaman, remains bullish on India
Union Minister for Finance and Corporate Affairs, Nirmala...
“IndiaFirst Life is progressively becoming a multi-channel distribution player in the industry.”
Varun Gupta, President & Chief Distribution Officer (CDO) –...
Max Life Insurance buys 2.99 pc in Capital Small Finance Bank
Max Life Insurance has bought shares in Capital Small Finance Bank for Rs 49.50 crore, taking its stake in the bank to 2.99 per cent. Max Life Insurance Company has been allotted a total of 10.57 lakh equity shares. Each equity share has a face value of Rs 10....
PNB MetLife declares highest-ever bonus of Rs 768.6 crore in FY22-23
PNB MetLife has announced the highest-ever bonus of Rs 768.6 crore for eligible policyholders in FY 2022-23. This bonus amount is 29 per cent higher than Fy 2021-22, benefitting almost 5.52 lakh policyholders of the company.
SC to hear IRDA’s appeal against SAT order `staying transfer of Sahra Life’s biz to SBI Life’ on July 3
Though, Solicitor General Tushar Mehta, appearing for the IRDA had sought urgent hearing of the matter, SC’s vacation bench presided by Justice Surya Kant said there was no urgency and directed the matter to be heard on July 3 Earlier, in a big relief to Sahara India...
Tata AIA Life’s net profit zooms six fold to Rs 506 crore in FY23
The company's total premium income for the fiscal grew by 42 per cent to Rs 20,503 crore compared to Rs 14,445 crore in the previous year Mumbai: Tata AIA Life Insurance (Tata AIA) reported a 615 per cent jump in its net profit to Rs 506 crore in FY 2022-23 from Rs 71...
Bajaj Allianz Life opens office in Dubai
Aiming to improve customer services to its non-resident Indian (NRI) population in the Middle East, Bajaj Allianz Life is opening its first representative office in Dubai, ."GCC’s sizeable NRI community is of pivotal importance to us," said Tarun Chugh, MD and CEO of...
LIC announces relaxations for victims of Cyclone Biparjoy
LIC in a statement said it is reaching out to the affected people to provide assistance although the loss of lives has been minimal. LIC has also created a portal link for the online submission of claims arising due to Biparjoy Cyclone New Delhi: Following insurance...
IRDAI fine-tuning Bima Sugam plans, revamping claim settlement process and ombudsman network: Chairman
(Lto R) SN Rajeswari, member(Distribution), IRDAI, Debasish Panda, chairman,IRDAI, Sumit Bohra, president,Insurance Brokers Association at the Annual Brokers' Meet in Mumbai on Friday "We are working to make the platform and the product as glitch-free as possible,"...
SBI, LIC, two other sponsors to dilute stake in UTI Mutual Fund
UTI Mutual fund is promoted by the State Bank of India (SBI), Life Insurance Corporation of India (LIC), Punjab National Bank (PNB) and Bank of Baroda (BoB), having a combined holding of 45.21 per cent in the paid-up capital New Delhi: Sponsors of UTI Mutual Fund,...
Sitharaman chairs meeting of banks, insurance firms; reviews preparedness for cyclone ‘Biparjoy’
Niramala Sitharaman,Union Finance Minister ''MDs from the banks & insurance companies provided a detailed update on the precautionary measures for the #CycloneBiparjoy. During the meeting, Smt @nsitharaman stated that all Disaster Management protocols should be...
IRDA asks industry players to strictly comply with norms on reporting of `Cyber Security Incident’
All regulated entities are directed to scrupulously follow the provisions regarding reporting of incident to IRDAI and Cert-In. Further, the regulated entities are required to submit available details of `Cyber Security Incident' to the regulator in an enclosed format...