The Financial Services Institutions Bureau (FSIB) interviewed five...
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LIC sees Rs 1,100 crore premium inflows on first day of GST relief
Industry experts said that the removal of GST has made traditional...
100% FDI: Indian Govt issues norms to ease compliance for foreign investment in insurance
The proposed changes to the Amended 2015 Rules make it clear that...
Bima Manthan: IRDAI to meet insurance CEOs on Sep 4-5
IRDA chairman Debasish Panda will address CEOs of general insurance companies, SAHI companies and reinsurers on Sept 4. On Tuesday, Panda will meet all the CEOs of the industry in the morning session and CEOs of only life insurance companies...
Covid BA.2.86 appears less transmissible than XBB & EG variants: Experts
The US Centers for Disease Control and Prevention (CDC) in its August 23 risk assessment, stated that based on currently available data, updated Covid-19 vaccines targeting the XBB.1.5 variant are expected to be effective against BA.2.86, for reducing severe disease...
Tech veteran Venkat Changavalli takes over as new CEO of IIBI
Venkat Changavalli, new CEO, Insurance Information Bureau of India According to industry sources, Venkat's appointment is temporary and IRDAI would soon start a new search processes to appoint a new CEO at IIBI Among a host of actionable areas, IIBI has recently set...
Curious share transfer case involving Axis Bank, Max Financial referred to RBI, SEBI: IRDAI
Last October, the Insurance Regulatory and Development Authority of India (IRDAI) had penalised Axis Bank Rs 2 crore for the share transactions which was done mainly to get excess remuneration as corporate agent of Max Life than permissible under the rules Chennai:...
Reliance Capital resolution plan all set to clear its final hurdle today
According to sources, based on this SC order, the NCLT is likely to follow the same path and dismiss Torrent’s plea. Prior to NCLT, Torrent Investment had approached SC and filed a plea seeking to restrain NCLT from considering IIHL's resolution plan, but in a setback...
LIC secures 107th position in Fortune Global 500 list
Life Insurance Corporation(LIC) is celebrating its 67th anniversary on Friday. With 13.47 lakh agents, LIC has taken many customer-centric initiatives and digital initiatives besides improving pricing and creating operational efficiencies Mumbai: With total 27.74...
IRDAI allows modifications in some closed life products
The move will help the life insurers to provide enhanced flexibility while ensuring that policyholders benefits are not adversely impacted, the life insurers had told the IRDAI Hyderabad: The IRDAI has now allowed the life insurers to modify some of their products...
NCLT reserves order on Torrent Investent’s plea against lenders on bidding
In its appeal, Torrent Investment said the matter is pending with the Supreme Court and if the tribunal approves IIHL's Rs 9,650 crore resolution plan it will become infructuous if the apex court rules against the Committee of Creditors (CoC) decision on the extended...
Mukesh Ambani in talks with head hunters for spotting Jio Insurance CEOs
Mukesh Ambani,Chairman,Reliance Industries Limited Korn Ferry and Spencer Stuart Inc. are among the firms that have held talks with representatives from the petrochemicals-to-consumer conglomerate, the people said. Jio Financial will look to hire a chief executives...
Insurance, JioAirFiber, CBG plants make Reliance’s roadmap for growth: Ambani
Reliance Industries Ltd will continue to invest in clean energy projects, including 100 plants to convert agri-residue -- a source of pollution in the north during winter -- into gas that can fuel automobiles and generate power. All this to offset emissions from its...