Foreign institutional investors (FIIs) remained net sellers,...
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‘GST bachat utsav’: Taxes on wide range of goods, services to be reduced starting Monday
Underlining that the mantra of ‘Nagarik Devobhava’ is clearly...
IRDA chairman asks insurers to pass on full benefits of zero GST to customers
Ajay Seth,chairman,IRDAI Seth asked the insurers to strengthen and...
R Doraiswamy appointed as MD of LIC
The government has appointed R Doraiswamy, 56, executive director, (IT/SD), Life Insurance Corporation as managing director of the corporation in place of Ipe Mini , who will be retiring on 31st August. He will be retiring on 31st Aug,2026.
National Insurance Academy seeks partnerships to venture into hi-tech research and training: new Director
``We are keen on taking insurance related initiatives to the masses through new age technologies like AI, ML and Blockchain etc and undertake research in the areas of Cyber security, Financial Inclusion, Social Security, Crop yields, Risk Management, allied areas and...
IRDAI appoints Canara HSBC Life Insurance as lead insurer for Karnataka
“The State Level Insurance Committee should ideally formulate a short term and medium term plan so that a more dedicated and synergized approach is followed within state for insurance awareness. PMJJBY is a measurable product and IRDAI can support the initiative by...
LIC’s net profit jumps to Rs 9,544 crore in Q1FY24
Siddarth Mohanty, chairman, LIC ``Our premium has fallen in Q1 as our ticket size of the policy has gone up. We would like to grow our bottomline but would ensure that our top line growth is maintained at better than the industry's growth rate so that our market share...
Axis Bank to infuse Rs. 1,612 crore in Max Life, Stake to go up to 19.02%
Max Life Insurance new business margin (NBM) expanded to 22.2% in Q1FY24, improved 110 bps over corresponding previous quarter mainly driven by change in product mix Value of New Business (VNB) grew by 16% to Rs. 247 Crore in Q1FY24 New Delhi: After the approval of...
Life insurance industry’s premium declines 30% to Rs 27,867 crore in July
Life insurance behemoth Life Insurance Corporation has seen a slow down in its premium accretion in the month of July. The corporation’s total premium has declined by 47 per cent y-o-y to Rs 15386.57 in the month of July Mumbai: Despite bullish performance by the...
Pramerica Life spearheads insurance awareness initiatives in Haryana and Nagaland
Pramerica Life Insurance has undertaken significant awareness initiatives in Haryana and Nagaland to educate the residents of these states on the importance of life insurance as part of the Insurance Regulatory and Development Authority of India (IRDAI)'s mission,...
IRDAI allows relaxation for insurers’ investments in HDFC post merger with HDFC Bank
In view of the merger of HDFC Ltd with HDFC Bank Ltd, Indian insurers had requested IRDAI to allow investments in HDFC Ltd bonds to be continued to be classified under Housing and Infrastructure sector and exempt the single investee equity exposure limits prescribed...
Shriram Life focused on exploring newer markets, customers: MD&CEO
''We are focused on reaching more customers and exploring newer markets to increase insurance penetration in the rural and middle-income segment,'' company MD and CEO Casparus J Kromhout said Chennai: Shriram Life Insurance is focused on exploring newer markets and...
Insurance ‘AAA’s unaffected by U.S. downgrade, financial conditions key risk: Fitch
Ratings for these U.S. insurers and the broader sector could face pressure if U.S. fiscal and governance deterioration contributes to a negative scenario of heightened capital market volatility and/or a more severe economic downturn The 'AAA' Insurer Financial...