Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance The survey...
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India’s financial system resilient, diverse: IMF report
The report observed that India's insurance sector is strong and...
Bajaj Finserv shares slip over 4 pc in 6 months amid insurance deal
Bajaj Finserv will spend Rs 13,780 crore to acquire the general...
Budget-2023-24:Zero-rated GST for protection products
Vighnesh Shahane, MD & CEO, Ageas Federal Life Insurance The insurance industry wish-list for the annual Budget has been largely the same for the last four-five years with the aim of driving insurance penetration in the country. A few of our recommendations...
Tata AIA Life Insurance expands new fund Offering Suite
Tata AIA Life Insurance (Tata AIA) has announced range of new funds including Emerging Opportunity Fund, that will invest in mid-cap companies and emerging market leaders with the potential to generate significant future growth. The applications for ULIP plans with...
Govt notifies IRDA’s new regulations on `Registration of Indian Insurance companies” facilitating larger PE investment
-Investment through Special Purpose Vehicle (SPV) has been made optional for Private Equity (PE) Funds enabling them to directly invest in insurance companies, providing more flexibility, Now, subsidiary companies are also allowed to be promotors of insurance...
PSU insurers see shrinking workforce as pvt sector ramps up hirings
In 2021-22, the PSU general insurers have reduced their number of employees to 42,500 from 49,149 in 2020-21 while the private sector general insurers including five stand alone health insurers have grown their workforce aggressively to 1,09,000 in 2021-22 from 92,966...
Combination of factors behind LIC share price going up: Experts
The LIC scrip on Wednesday opened at Rs 723 and during the intra-day trade it touched a high of Rs 732 and a low of Rs 719.95. A change in the accounting policy resulted in LIC's profit shooting up by Rs 14,271.80 crore to Rs 15,952.29 crore for the Q2FY23. Mumbai: A...
Auction base price hiked by Rs 1.5K cr to Rs 6.5K cr for Reliance Cap bidders
According to the new rules, the bidders, in the first and second round, will have to increase the bid value by minimum Rs 1,000 crore each. This means the first bid has to be minimum Rs 7,500 crore and the second Rs 8,500 crore. The auction will now take place on...
UK plans to repeal EU-era Solvency II rules to allow insurers to invest in UK infrastructure
The changes are a far cry from the dramatic reforms in the 1980s that made London a global financial center and the far-reaching changes mooted when Liz Truss was prime minister London: The UK set out a package of financial services reforms that cuts across dozens of...
Hong Kong billionaire Richard Li weighing investing $200 million in FWD Group Holdings
An investment would help support the insurer’s growth plans ahead of a long-awaited Hong Kong initial public offering, which could take place as soon as 2023, the people said. Other investors have also shown early interest in a fundraising for FWD ahead of its...
e-auction for Reliance Capital to begin on Dec 19
The bid price of Rs 5,300 crore quoted by the Cosmea-Piramal consortium will be the base price for the planned auction, and in the round one, the bidders will have to bid Rs 1,000 crore more than this base value of Rs 5,300 crore. Mumbai: The Reliance Capital's...
Deadline to submit bids for IDBI Bank privatisation to be extended till early Jan
The government on October 7 had invited bids for the EoI of IDBI Bank for which the last date is December 16. Both the government and Life Insurance Corporation (LIC) hold 94.71 per cent shares in the lender The deadline to submit preliminary bids for IDBI Bank...