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Sebi to engage with govt to allow banks, pensions funds to invest in non-agri commodity derivatives
"We will also engage with the government to consider banks,...
Govt asks insurers to pass on full benefits of 18% GST exemption to both existing and prospective retail Life and Health policyholders
M. Nagaraju, secretary, Department of Financial Services Further,...
Maharashtra: Man loses Rs 2.24 crore to insurance fraud
In his complaint to the police, the resident of Kamothe, near Mumbai, said he lost the money over three years, the official said. The man, whose occupation was recorded as "service" by the police, allegedly received a call before August 2020 from a person who claimed...
Max life ties up with South Indian Bank for selling insurance products
Max Life Insurance has announced its partnership with South Indian Bank, a private sector bank in India. Through this partnership, SIB customers will now have access to an extensive range of Max Life Insurance’s products tailored to meet their specific needs,...
RBI reviews risks to Kotak Mahindra Bank’s stability from its 2 insurance subsidiaries: Report
The bank however has termed claims made in this report "completely incorrect and baseless" Kotak Mahindra's holdings in units - Kotak Mahindra Life Insurance Co. and Kotak Mahindra General Insurance Co. - are also under review as the central bank assesses the banks'...
LIC launches a new term plan, minimum sum assured at Rs 15 lakhs
The minimum instalment premium will be Rs.3000 for regular premium policies and Rs.30000/- for single premium policies Mumbai: Life Insurance Corporation LIC) has introduced a new non linked, non participating, term plan- Jeevan Kiran, on Thursday. It is an...
Max Life aims to recruit 50,000 agents in fy23-24
V. Viswanand, deputy managing director, Max Life said, “As part of our long-term business expansion strategy, the plan to hire more than 50,000 life advisors enables Max Life to cater to the specific needs of its diverse customer segments. Our strategic investments...
Future Generali India Life partners with JM Financial for selling insurance
Future Generali India Life Insurance has announced a strategic alliance with JM Financial Services Limited, a prominent financial services group. to sell its insurance product offerings and extend its market presence across the country. Bruce de Broize, managing...
SBI Life Q1 net profit rises 45% to Rs 381 crore
The life insurer's Value of New Business (VoNB) has declined by one per cent and stood at Rs 8.7 billion in the reporting quarter. Similarly, the company has seen its New Business Margin (VoNB Margin) falling to 28.8 per cent in Q1Fy 2023-24 from 30.4 per cent in the...
Kotak Life’s tie-up with Muthoottu Mini to offer life insurance to retail customers
Kotak Mahindra Life Insurance Company Ltd (Kotak Life) announced its corporate agency tie-up with Muthoottu Mini Financiers Ltd. (Muthoottu Mini) to offer life insurance products to retail/individual customers. The tie-up will help thirty lakh customer base of...
Bandhan group to acquire Aegon life
Karni S Aaha, MD, Bandhan Financial Holdings, said, ``The acquisition of Aegon life provides us an opportunity to enhance our portfolio of products and services in the financial services sector.’’ Mumbai/Kolkata: After a year of search, the promoters of Aegon Life,...
TCS enters 10-year partnership with AIB Life, to support AIB’s Ireland operations
TCS will provide end-to-end administration, information technology and customer as well as claims handling services through its global delivery centre in Letterkenny, Donegal, the company said. New Delhi: Tata Consultancy Services (TCS) on Monday said it has assisted...