Finance Minister Nirmala Sitharaman As of March 19, PMJJBY has...
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PMJJBY’s cumulative enrollments surge to 23.64 cr till Apr,25: Centre
“PMJJBY cumulative enrolments surged by 699 per cent, from 2.96 Cr...
Bajaj Allianz Life announces a record bonus of Rs1,833 crore for FY 25
Bajaj Allianz Life Insurance, one of India’s leading private life...
HDFC Life declares highest ever bonus of Rs3660 cr to more than 23 lakh policyholders
Out of the total amount of Rs 3,660 crore, Rs 2,696 crore will be payable to policies in this financial year, as bonus on maturing policies or as cash bonuses. The remaining bonus amount would be payable in the future upon policy cessation by way of maturity, death...
Shriram Life Insurance posts Rs 156 cr net profit in FY22-23
''Our growth has advanced thanks to the adoption of technology and innovation, enabling more rural policy holders to complete their paperless statements,'' company Managing Director Casparus J H Kromhout said Chennai: Shriram Life Insurance Company has reported Rs 156...
Max Financial Services Q4 net profit slips 64 pc to Rs 52 crore
Prashant Tripathy, managing director, Max Life Insurance Company , said, “Through our continued focus on introducing innovative products, expanding distribution strength across channels, and driving a balanced product mix, we delivered strong growth in Q4FY23.'' New...
Rise in premium amount for life insurance biggest concern for consumers: Survey
Another key finding of the report is that 22 per cent of customers cited 'Company does not keep in touch' as a potential reason for leaving. In addition, 8 out of 10 customers would like the bank RM/agent to call/meet them after purchase at least once every six...
Irdai’s order to stop loan re-payment via credit card good for policyholders: Insurers
Welcoming the Irdai's decision, Kamlesh Rao, MD and CEO, Aditya Birla Sun Life Insurance, said it helps ensure the best interests of policyholders and supports responsible financial planning. Mumbai: Regulator Irdai's decision to bar repayment of loans taken against...
6.64 lakh families receive claims for Rs13,290 crore under PMJJBY scheme: FM
Union Finance and Corporate Affairs Minister Nirmala Sitharaman Under PMSBY scheme, Sitharaman said that more than 1.15 lakh families have received claims for Rs 2,302 crore New Delhi: Celebrating the 8th anniversaries of the three social security (Jan Suraksha)...
FSDC pitches for special drive for settlement of unclaimed deposits and insurance benefits: FM
Finance Minister Nirmala Sitharaman Economic Affairs Secretary Ajay Seth it was deliberated that regulators should conduct a special drive to facilitate the settlement of unclaimed deposits and claims in the financial sector across all segments, such as banking...
IRDA proposes new advertisement norms for insurers
Each insurer has to constitute an advertisement committee reporting to the Product Management Committee. The advertisement committee will have at least three members mandatorily from Marketing, Actuarial and Compliance functions of the insurer, said the IRDAI...
India at vanguard of digital revolution, its financial inclusion journey can be example for others: UN officials
A “robust and citizen-centric digital public infrastructure plays a major role in achieving multiple national goals, which include financial inclusion, social security, health insurance, digital transactions and easy access to credit while providing the building...
Reliance shareholders, creditors approve demerger of financial services arm
The financial services arm will now be renamed to Jio Financial Services Limited and will undertake a host of financial services including setting up a life insurance as well as one general insurance company and the shareholders of Reliance Industries will receive one...