Varun Gupta, President & Chief Distribution Officer (CDO) –...
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Term Insurance: Women’s preferred financial product
Bajaj Allianz Life Women Term Survey highlights a significant shift...
AI plane crash: Insurers in a fix as both policyholders and nominees among dead
There are instances of an entire family perishing or one of the...
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...
SAT stays Irdai order transferring Sahara’s Life Insurance biz to SBI Life
"The fact that the earlier direction of the respondent (Irdai) in transferring the business to ICICI Prudential Life Insurance Company was set aside in 2018 and since then no steps had been taken to transfer the policies, we find it strange that such steps have been...
Kotak Life to recruit Ex-Servicemen for various roles in the company
Kotak Mahindra Life Insurance Company (Kotak Life) on Monday signed a Memorandum of Understanding (MOU) with the Directorate General Resettlement (DGR), an Inter Service organization functioning directly under the Department of Ex-Servicemen Welfare (Ministry of...
LIC to hold 5-day roadshows in Hong Kong, UK in June last week
The top management of LIC will interact with global investors through a series of meetings spread over five days and highlight the strength of the company The management will urge the investors to invest in LIC scrips as the company has huge potential, the sources...
LIC raises stake in SAIL by 2%
Life Insurance Corporation of India (LIC) has raised its stake in state-owned steel production firm SAIL by about 2 per cent to to 8.68 per through an open market acquisition. LIC bought 8.26 crore shares or 2.001 per cent of equity capital at an average price of Rs...
Max Life launches Smart Wealth Advantage Growth Par Plan
Max Life Insurance Company Ltd. has launched Smart Wealth Advantage Growth Par Plan - a non-linked participating Individual Life Insurance Savings Plan. The plan combines the power of ‘Protection, Liquidity, and Flexibility’ into a simple solution and offers...
Life insurers witness 4 pc decline in new biz premium to Rs 23,477.8 cr in May
LIC recorded an 11.26 per cent decline in its new business premium at Rs 14,056.29 crore during the month The rest 23 players in the private sector, however, witnessed their combined new business premium rise by 9.05 per cent to Rs 9,421.51 crore from Rs 8,639.72...
IRDA gives license to Go Digit Life, 4th new insurer in a year
Prem Watsa, founder, chairman, and chief executive of Fairfax Financial Holdings IRDAI in its 122nd board meeting held on 2nd June, has granted Certificate of Registration to Go Digit Life Insurance Limited to carry life insurance business in India, said the IRDAI on...
FSIB chooses 2 new MDs for LIC
The government's head hunting agency for PSU banks and insurers had interviewed seven candidates to select two managing directors of the corporation New Delhi: The Financial Services Institutions Bureau (FSIB) has chosen Sat Pal Bhanoo and R. Doraiswamy as new...
RBI Governor launches financial inclusion dashboard Antardrishti
Shaktikanta Das, Governor, Reserve Bank of India The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with the government and respective sectoral...