The adoption of Risk-Based Capital (RBC) rules by the Indian...
Category:
Life
Latest
Asia Index launches BSE Insurance Index
The BSE Insurance Index is derived from the constituents of BSE...
Govt to sell minority stake in LIC
The quantum of stake sale, price and timing would be decided in due...
Insurtech: Tougher funding environment, but represents a massive $7 trillion opportunity
Insurance is still a strongly underfunded market, especially in areas such as life insurance. Operational efficiency is now a must for insurtechs and insurers. Insurtech startups are enabling operational efficiency through the whole value chain Insurtech has also...
Reliance Cap lenders vote in favour of Hinduja Group firm
However, according to sources, any decision on the resolution of Reliance Capital by the CoC will be subject to the outcome of the SC's judgement in the appeal filed by Torrent Investments. The resolution process of Reliance Capital was mired into litigation after the...
Canara HSBC Life Insurance reports 9-fold jump in profit at Rs 91 cr in FY23
Indian embedded value of the company stood at Rs 4,272 crore, and the solvency margin at 252 per cent as of March 31, 2023 New Delhi: Canara HSBC Life Insurance on Thursday reported a nearly 9-fold increase in net profit at 91.2 crore during the 2022-23 financial...
HDFC buys HDFC Life shares worth over Rs 992 cr
In April, the Reserve Bank allowed HDFC Bank or HDFC to increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent before the effective date of the merger Mumbai: Mortgage financier HDFC Ltd on Tuesday picked up...
Bajaj Allianz Life net income jumps 20 pc to Rs 390 crore in FY23
Company's managing director and chief executive Tarun Chugh said the spike in profit was led primarily by a massive 53 per cent jump in the value of new business premium in the year to Rs 950 crore. In FY22, it stood at Rs 621 crore Mumbai: Bajaj Allianz Life has...
Tata AIA introduces payment through WhatsApp and UPI
Tata AIA Life Insurance (Tata AIA) has introduced digital payments via WhatsApp and Unified Payment Interfaces. The agile, seamless process allows consumers to pay premiums digitally and receive a quick premium payment confirmation & acknowledgement. The company...
HDFC Life ties-up with Aavas Financiers for selling insurance products
HDFC Life has tied-up with Aavas Financiers Ltd, a leading housing finance company to provide credit financing services. Customers of Aavas will now have access to a wide range of HDFC Life's insurance products including coverage for home loans and Loans Against...
Merger of HDFC with HDFC Bank effective from July 1: Deepak Parekh
The merger of the corporation with HDFC Bank will be effective July 1, Parekh said.HDFC vice-chairman and CEO Keki Mistry said that the stock delisting of the corporation will be effective from July 13 Earlier, IRDAI had approved HDFC Ltd's move to transfer its near...
IRDAI set to implement 1st phase of ‘Risk Based Supervision’ pilots from July
With a view to promote a ‘Principle based Regulatory regime’, foster ease of doing business and encourage proactive risk identification and management, the IRDAI has been working towards developing and implementing (RBS)framework for insurance sector in India, said...
ICICI Pru Life gets GST demand notice for Rs 492 cr
The insurer has confirmed that it received a show cause cum demand notice (SCN) from the Directorate General of GST Intelligence (DGGI), asking the company to show cause as to why a tax of Rs 492,06,48,296 pertaining to the period July 2017 to July 2022 should not be...