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ICICI Pru Life’s net profit more than doubled to Rs 386 crore in Q4
ICICI Prudential's value of new business (VNB), or expected profit...
Bima Sugam achieves financial closure, mops up Rs 340 crore from insurers and GIC Re
The Ministry of Finance has prohibited three PSU general insurers-...
LIC’s debt exposure in Adani group cos dips marginally to Rs 6,183 cr as of March 5
LIC's exposure in Adani Power (Mundra) was Rs 266 crore, Adani Power Maharashtra Ltd - Phase I (Rs 81.60 crore), Adani Power Maharashtra Ltd - Phase III (Rs 254.87 crore), Raigarh Energy Generation Ltd (Rs 45 crore) and Raipur Energen Ltd (Rs 145.67 crore), as per the...
Transforming Life: Tapping the new Normal
MR Kumar, Chiarman, Life Insurance Corporation The Indian life insurance industry needs to gear up for the coming prosperity and be ready with its products, distribution channels and processes to meet the demands of the new normal The entire life insurance sector has...
Siddarth Mohanty appointed as acting chairman of LIC
Siddhartha Mohanty, managing director, Life Insurance Corporation Mohanty is presently the senior most managing director of the country’s largest insurance company Recently, the Financial Services Institution Bureau (FSIB), has selected M Jagannath and Tablesh Pandey...
Analysis: China’s financial regulatory revamp raises hope, some concern over control
The watchdog, which will oversee all aspects of China’s $57 trillion financial sector apart from the securities market, should help reduce regulatory overlap especially at the level of local government, analysts say The new regulator will replace the banking and...
SBI Life declares interim dividend for its investors
SBI Life Insurance on Wednesday declared an interim dividend of Rs 2.5 per share for its investors for the financial year 2022-23. The declared interim dividend will be paid on or before April 6, 2023, to eligible shareholders. The record date is March 16, 2023. The...
More Indian women are buying life insurance policies: IRDAI Report
The number of life insurance policies issued to women in the year 2021-22 is around 1.01 crore which is 34.7 per cent of 2.91 crore total policies as against a share of 33 per cent in 2020-21 There is a need for life insurers to recognize the growing significance of...
LIC recoups losses as Adani Group shares rise
The value of LIC's shareholding in the Adani Group stocks has risen by about Rs 9,000 crore since and at Friday's closing price, it stands at Rs 39,068.34 crore, according to information available on the stock exchanges Mumbai: State-owned Life Insurance Corporation...
Pankaj Gupta appointed as as MD& CEO of Pramerica Life
Pramerica Life Insurance has appointed Pankaj Gupta as MD and CEO of the company . He succeeds Kalpana Sampat, who was the previous MD & CEO. Pankaj has around 27 years of experience in financial services across Distribution, Marketing, Operations and Technology...
RCap Resolution: NCLAT allows Reliance Capital lenders’ plea for another round of bidding
The appellate tribunal permitted the CoC to continue with the challenge mechanism and invite bids after two weeks The NCLAT order came on a petition filed by Vistra ITCL (India), one of the lenders of Anil Ambani-promoted Reliance Capital, challenging an order of NCLT...
‘More value to be discovered, NCLT has usurped the jurisdiction of the CoC’, RCap to NCLAT
Earlier this month, NCLAT had issued notices to Torrent Investments and other respondents on a petition filed by the lender of Reliance Capital seeking a second round of financial bids for the debt-ridden firm, currently going through insolvency resolution process The...