``We have decided to remove 18 per cent GST from all individual...
Category:
Life
Latest
Tamil Nadu among India’s most insurance-aware markets: IMRB Kantar
Key insights revealed by a study initiated by Insurance Awareness...
GST Council meet on rate reform begins; TDP supports, opposition bloc seeks revenue protection
The government had proposed completely exempting life and health...
Tata AIA Life Insurance launches `Small Cap Discovery Fund’
Tata AIA Life Insurance (Tata AIA), has launched its first dedicated Small-Cap fund, Tata AIA Small Cap Discovery Fund. The New Fund will offer policyholders the opportunity to generate capital appreciation in the long-term by investing in small-cap market...
Britain to tap pensions for infrastructure as Thames Water toils
Britain's financial services were largely cut off from the EU due to Brexit, with Amsterdam overtaking London as the region's biggest share trading centre. UK chip designer ARM's decision to list in New York and not London has also piled pressure on Britain to bolster...
Munich Re appoints Owais Ansari as CEO, Life & Health Middle East and North Africa
Owais Ansari, chief executive officer, Life & Health, Middle East and North Africa, Munich Re Owais Ansari said,``The Middle East and North Africa offer significant opportunities for life and health (re-)insurance. Munich Re having an established presence in this...
IndusInd Bank holding co to raise $1.5 bn to fund RCap buy, increase stake in lender to 26 pc
RCap administrator is likely to file the IIHL resolution plan in the NCLT Mumbai this week as the deadline of July 15 to file is approaching. Operating companies under Reliance Capital are into insurance (life, general and health), asset reconstruction and broking...
IRDAI puts a 15-yr tenure cap for a pvt sector insurer’s CEO & WD, Rs 20 lakh annual pay cap for independent directors
IRDAI has fixed the maximum age limit for non-executive directors including the chairperson of the board at 75 years and after attaining the age of 75 years no person shall continue on the board of the insurer Hyderabad: Insurance regulator IRDAI on Friday said the...
Insurtech: Tougher funding environment, but represents a massive $7 trillion opportunity
Insurance is still a strongly underfunded market, especially in areas such as life insurance. Operational efficiency is now a must for insurtechs and insurers. Insurtech startups are enabling operational efficiency through the whole value chain Insurtech has also...
Reliance Cap lenders vote in favour of Hinduja Group firm
However, according to sources, any decision on the resolution of Reliance Capital by the CoC will be subject to the outcome of the SC's judgement in the appeal filed by Torrent Investments. The resolution process of Reliance Capital was mired into litigation after the...
Canara HSBC Life Insurance reports 9-fold jump in profit at Rs 91 cr in FY23
Indian embedded value of the company stood at Rs 4,272 crore, and the solvency margin at 252 per cent as of March 31, 2023 New Delhi: Canara HSBC Life Insurance on Thursday reported a nearly 9-fold increase in net profit at 91.2 crore during the 2022-23 financial...
HDFC buys HDFC Life shares worth over Rs 992 cr
In April, the Reserve Bank allowed HDFC Bank or HDFC to increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent before the effective date of the merger Mumbai: Mortgage financier HDFC Ltd on Tuesday picked up...
Bajaj Allianz Life net income jumps 20 pc to Rs 390 crore in FY23
Company's managing director and chief executive Tarun Chugh said the spike in profit was led primarily by a massive 53 per cent jump in the value of new business premium in the year to Rs 950 crore. In FY22, it stood at Rs 621 crore Mumbai: Bajaj Allianz Life has...