According to an official statement, ILO has acknowledged India's...
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Dai-ichi Life and Capgemini sign multi-year agreement to establish a GCC in India to drive international digital transformation
Tetsuya Kikuta, President and CEO, Dai-ichi Life Holdings "This...
Sumit Madan appointed as MD&CEO of Axis Max Life Insurance
Sumit Madan, CDO and CEO designate, Axis Max Life Insurance Sumit...
LIC shares settle nearly 2 pc higher after Q4 earnings
The surge in annual profit in FY23 was helped by a jump in the second quarter bottomline to Rs 15,952 crore. It was due to a transfer of Rs 15.03 lakh crore to shareholders' accounts at the end of September Mumbai: Shares of LIC on Thursday ended nearly 2 per cent...
Indian insurance industry to have a UPI-like moment soon: IRDAI Chief
Debasish Panda,Chairman,IRDAI ''We are working with the councils of both life and general insurance to have a UPI-like moment for the insurance sector. A conceptual framework has been contemplated,'' he said, adding that this is being proposed through the Bima trinity...
Max Life announces Rs 1,604 cr bonus for its policyholders
Max Life Insurance Company Ltd has announced its highest- ever participating (PAR) bonus of Rs. 1,604 Cr. for its approximately eligible 21 lakhs eligible participating policyholders in FY22-23. This is the Company's 21 st consecutive annual bonus; 8% higher than the...
LIC’s net profit soars nearly 5-fold to Rs13,428 crore in Q4 FY 23
The Indian Embedded Value (IEV) of the corporation has been determined as Rs.5,82,243 crore as at March 31st ,2023 as compared to Rs. 5,41,492 crore as at March 31st,2022 and Rs. 5,44,291 crore as at September 30th,2022, showing a growth of 7.53 per cent y-o-y basis....
Market value of LIC investment in Adani stocks hits Rs 44,670 cr
The country's largest insurer and leading institutional investor in the Adani group has seen the market value of its holdings in Adani stocks increase by around Rs 5,500 crore since April, stock exchange data showed Mumbai: Market value of investments made by...
Irdai to hold open house for insurtech, fintech on 15th of every month
"It is expected that the solutions/ideas would help in increasing the insurance penetration in the country," the Insurance Regulatory and Development Authority of India (Irdai) said in a statement Hyderabad: Regulator Irdai will hold an open house for the insurtech...
Munich Re launches Next Gen AI-augmented underwriting solution
Munich Re also offers reinsurance on policies underwritten by these AI models as an optional service, providing insurers alignment of interest and peace of mind. To further support insurers, Munich Re can also finance the solution through reinsurance, mitigating any...
Re-thinking well-being : How outlooks on life are changing in Asia
Prudential commissioned Economist Impact to write a report exploring how people in Asia, at a time of heightened uncertainty, assess different aspects of their well-being, including their physical and mental health, personal finances, social lives, and interaction...
Panda meets insurers, sets Aug 1 deadline for Health Exchange and Bima Sugam
Debasish Panda, chairman, IRDAI Raising the overall budget for Bima Sugam to Rs 200 crore from around Rs 85 crore, Irdai now plans to go for requests for proposals (RFPs) soon to appoint a service provider for the platform. The service providers will be the...
Irdai forms task force to facilitate ease of doing KYC using Aadhaar
Rakesh Joshi,member (F&I), Irdai The panel has been asked to suggest measures to ease of onboarding of customers using Aadhaar, and steps for fraud management at underwriting and claims stages It has also to suggest measures for improving the traceability of...