Nirmala Sitharaman,Union Finance Minister "We want the regulator...
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HDFC Bank gets RBI approval for up to 9.5% stake in IndusInd Bank
In an exchange filing on Monday, HDFC Bank said that several of its...
Fifth La Niña in 6 yrs to disrupt crops and supply chains
The La Niña phenomenon is often linked with droughts in California,...
New India and GIC Re to launch India’s first Digital Identity Monitoring and Insurance Solution
“As more of the Indian population moves online and shares sensitive identity information on various platforms, it’s vital that individuals have access to the right protection should their data be breached. We are pleased to introduce our latest innovation in...
1st June Renewals: Moderated risk-adjusted property-catastrophe reinsurance pricing, says Howden Re
Risk-adjusted property-catastrophe rate-on-line 5% lower on averageDedicated sector capital now exceeds 2021 levelsA notable increase in insurance-linked securities (ILS) market activity with over USD 3 billion of issuance covering Florida perils year-to-date LONDON:...
Back in the black: Oriental Insurance posts a profit of Rs 37.66 cr in FY 24, improves key financials
RR Singh, CMD, Oriental Insurance Company ``We have been implementing a well placed strategy to achieve profitability in Fy 24. We dropped many big loss making accounts including group medical coverages ( GMC). We had the courage to leave one health account of Rs...
Pesky calls: IRDAI asks industry players to comply with TRAI norms
In a circular on Tuesday, the insurance regulator has said regulated entities can only use the `140/180’ numbering series(or any other numbering series allocated/assigned by DoT/TRAI in future for the purpose) for making commercial calls Hyderabad: In a bid to curb...
Naveen Chandra Jha appointed as new MD&CEO of SBI General Insurance
Naveen Chandra Jha, MD& CEO, SBI General Insurance Jha has been promoted as deputy managing director of the bank from the post of chief general manager(CGM) and has been posted as MD &CEO of the general insurance company Mumbai: State Bank of India has...
Lloyd’s and Bermuda Monetary Authority to foster innovation and education access
``This joint agreement will ensure we share the knowledge and expertise needed to deliver the products and solutions to tackle our customer’s challenges and support the growth ambitions of our markets in the years to come” London: Lloyd’s, the world’s leading...
Insurers have to reduce premiums or raise sum assured in case of no claims by health insurance customers: IRDAI
A health insurance policy is renewable and can't not be denied on the ground that claim (s) was made in the preceding policy years, except in case of established fraud or non-disclosure or misrepresentation by the insured Insurers have grant final authorization within...
Above average monsoon to boost agriculture and overall economic growth: IMD
"Conditions favourable for onset of monsoon over Kerala in next 5 days. India's monsoon core zone comprising most of the rain-fed agriculture areas likely to receive above normal rainfall" IMD New Delhi: India is likely to receive above average monsoon rains this...
Acko ties up with Mygate to offer car insurance
Mygate, a living experience tech company, has entered into a strategic partnership with ACKO. Initially, the partnership will focus on car insurance, offering with Mygate users accessing Acko policies at exclusive prices, timely renewal reminders, and instant...
Bima Vitarak Manthan: IBAI wants Bima Vahaks to join brokers as point of sales person
Debasish Panda,chairman, IRDAI At the recently concluded Bima Vitarak Manthan, Debasish Panda, chairman, IRDAI emphasized on creating an insurance ecosystem which is highly sensitive to the needs of the policyholders propelling towards “Zero Friction, Zero Pain-points...