Ajay Seth, chairman, IRDAI In the last three years, health...
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28 Indian vessels with 778 seafarers onboard stuck in Persian Gulf: Official
Advisories have been issued by DG Shipping directing all Indian...
Engagement with global stakeholders essential for building a resilient and forward-looking Indian insurance ecosystem:Seth
“Engaging with international stakeholders allows us to better...
100% FDI in Insurance:India’s big-bang financial reforms target wave of foreign money
All these reforms come as Prime Minister Narendra Modi and his administration want to make India a developed economy by 2047,a goal that requires economic growth of about 8% per year, and policymakers are betting on rapid industrialization and deeper capital markets...
Indian Insurance Industry-2025: A Year of Consolidation, Customer Focus and Sustainable Growth
Consumers increasingly opted for higher sum insured policies, family floaters, and value-added benefits such as wellness programs, OPD cover and maternity—reflecting a shift from price-led buying to need-based protection. Krishnan Ramachandran, MD & CEO, Niva Bupa...
Eggs safe for consumption, cancer risk claims unfounded: FSSAI
In a statement issued on Saturday, the food safety regulator clarified that eggs available in the country are safe for human consumption and that reports alleging the presence of carcinogenic substances in eggs lack a scientific basis New Delhi: The Food Safety and...
India AI Governance Guidelines do not allow unrestricted deployment of high-risk AI systems: Govt
Jitin Prasada,Union Minister of State for Electronics and Information Technology It can also pose risks to individuals and society. Some of these include bias, discrimination, unfair outcomes, exclusion, and lack of transparency New Delhi:The India AI Governance...
RBI board approves risk-based deposit insurance framework for banks
"It is proposed to introduce risk-based deposit insurance premium with the currently applicable flat rate of premium as the ceiling. This will incentivise sound risk management by banks and reduce premium to be paid by better rated banks,'' Sanjay Malhotra, governor,...
Seth urges insurers on timely and effective resolution of policyholders’ grievances
``When a citizen takes the trouble to write a grievance,they are not filling a form—they are sending a signal that they need the system to listen. How we respond to that signal shapes trust not only in insurance, but in institutions themselves. Choose the customer...
Piramal Finance to exit Shriram Life, sells its 14.72 pc stake to Sanlam for Rs 600 cr
The transaction is expected to close in the quarter ending March 31, 2026, subject to receipt of the requisite regulatory approvals, including approval of the Insurance Regulatory and Development Authority of India, Piramal Finance said in a regulatory filing New...
Shriram Finance to sell 20 pc stake to Japanese firm MUFG Bank for Rs 39 618 cr
This collaboration combines Shriram Finance's established domestic franchise and extensive distribution network with MUFG Bank's global expertise and financial strength. The fund infusion will significantly enhance SFL's capital adequacy, strengthen its balance sheet,...
Passage of Insurance Bill in Parliament to play catalytic role for sector growth: LIC Chief
The Bill provides a framework for greater operational agility and innovation, allowing insurers to design and distribute targeted products that cater to evolving insurance needs, including retirement security, longevity solutions, and health-linked protection,LIC CEO...
Insurance Amendment Bill, 2025: Reforms for Insurance Penetration in India
R Doraiswamy, CEO& MD, Life Insurandce Corporation The Bill also provides a framework for greater operational agility and innovation, enabling insurers to respond effectively to changing demographic, economic, and social realities. India’s insurance needs today...