The life insurance industry is facing a critical challenge as its...
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Insurance Amendment Bill likely to be introduced in Winter session FM Sitharaman
Nirmala Sitharaman,Finance Minister The finance ministry has...
New IRDAI chief Seth to meet insurance CEOs on Sept 17
Ajay Seth, chairman, IRDAI Though, basically it will be a welcome...
Changes in insurance sector will help create value for customers: Parekh
These regulations will increase the ease of doing business, encourage development of longer-term products, improve persistency, thereby creating value for customers,HDFC Life Chairman Deepak Parekh said Mumbai: The massive changes taking place on the regulatory front...
HDFC Life Q1 profit rises 15 pc to Rs 415 cr
Vibha Padalkar,chief executive and managing director, HDFC Life The company's value of new business, which is the value of the future profits of policies sold in the quarter, grew 18 per cent to Rs 610 crore, which Padalkar claimed is more than 1.5x the average...
AXA and AIG may exit UK life biz
Dealmaking in insurance has remained relatively buoyant despite a broader slowdown in mergers and acquisitions, as insurers continue to streamline their operations and exit business lines to reallocate capital to their focus areas London: Two of the world’s largest...
Financial services secretary asks banks to achieve financial inclusion targets at earliest
He also reviewed the progress made by banks with special focus on the progress under the ongoing Jan Suraksha campaign of PMJJBY & PMSBY schemes in all the Gram Panchayats of the country being held from April 1 and urged them to ensure achievement of targets of...
Reliance’s financial unit valued at $21 bn, to venture into life and general insurance soon
The group aspires to foray into non-lending financial businesses like life/ general insurance and AMC where it can even take the inorganic route and benefit from recent regulatory change that allows banks to have up to nine insurance partners. Mumbai: Jio Financial...
Society of Actuaries Research Institute launches longevity Illustrator for Singapore, Hong Kong and Canada
"A variety of possibilities should be considered when preparing for retirement, including longevity. SOA's Longevity Illustrator, a web-based tool, is designed to provide information to help individuals and couples plan a secure retirement more effectively with just a...
No `Insurance Bill 2023′ in Parliament’s monsoon session
In this packed Parliament's Monsoon session, the Union government is likely to discuss a total of 31 bills, but ``Insurance Bill 2023’ for which the government has earlier sought approval of the Union Cabinet, is not included in the list New Delhi: The Insurance Bill...
Govt appoints Sat Pal Bhanoo as LIC MD
The government has appointed Sat Pal Bhanoo as one of the managing directors of Life Insurance Corporation (LIC).He has been appointed in place of Siddhartha Mohanty who has been appointed as chairman of LIC in April. Bhanoo's appointment is effective from the date of...
MDRT sets up shop in Singapore, appoints sr officials for APAC region
"The opening of MDRT Asia-Pacific headquarters underpins MDRT's commitment to the industry," said Carol Kheng, MDRT Second Vice President, who leads the new office. The new Singapore office will support MDRT events in the Asia-Pacific region, including the 2023 MDRT...
HDFC Bank to focus on bundled products for its customers: CEO
''Savings accounts, personal loans, insurance cover, SIPs can all be bundled along with a home loan to create a compelling value proposition to the customer, that probably does not exist in the market at the scale at which this is envisaged,'' said HDFC Bank managing...