"The consumer sentiments are optimistic on income and spending amid...
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Proposed insurance commission caps may hit NBFC earnings from FY28: Report
Nuvama's analysis showed that insurance distribution income...
Distribution reforms to generate employment, make new players’ entry easier: IRDAI Member
Girija Subramanian,member, Distribution, IRDAI The effective dates...
India needs to shift more household savings to long-term pension assets: CEA Nageswaran
V Anantha Nageswaran, Chief Economic Adviser "That is a different decision because in general Indians do not optimize for the long term," Nageswaran said, adding that the shift would require trust in institutions, accessible financial information and products that do...
Anup Bagchi appointed as new MD&CEO of HDFC Bank for 3 yrs
Anup Bagchi, MD & CEO, ICICI Prudential Life Since June 2023, Bagchi has been serving as MD & CEO of ICICI Prudential Life Insurance leading one of India's largest private life insurers, which is publicly listed. Mumbai:Anup Bagchi, MD & CEO, ICICI...
IRDAI’s proposed distribution reforms will hurt policyholders, cost jobs and slow insurance growth, says IBAI
The association urges the IRDAI to preserve the 2023 framework, publish an impact assessment and target genuine mis-selling instead of imposing blanket commission caps Mumbai: The Insurance Brokers Association of India (IBAI), the official apex body of India's 798...
Competition Commission okays BNP Paribas-IndiaFirst Life Insurance deal
After the completion of the transaction, IndiaFirst Life's shareholding will comprise Bank of Baroda holding 65 per cent, BNP Paribas Cardif having a 26 per cent stake and Union Bank of India holding 9 per cent equity. New Delhi: Fair trade regulator CCI has approved...
SC asks Centre to examine statutory safeguards for minors on social media
The plea seeks safeguards for minors accessing social media, and to ensure no such platform enters into a contract with a child below 18 years of age. "Please pass directions under the intermediary rules that they fashion their software, or whatever the platform is...
100% FDI in pension fund industry soon:PFRDA chairman
S. Ramann chairman, PFRDA(L) and Sriram Iyer, MD & CEO, HDFC Pension Fund Management at the launch of the company's second edition of NPS Preference Index Study 2026 in Mumbai on Monday According to Ramann,West Bengal, which joined the Ayushman Bharat PM-JAY...
IRDAI weighs Jan 1 or Apr 1, 2027 rollout of new distribution reforms & EoM norms; Bima Sugam likely by November: Seth
Ajay Seth, Chairman, IRDAI Defending the regulator’s sweeping proposals to recalibrate insurance distribution economics, Seth said the proposed framework should ultimately benefit policyholders by creating greater efficiencies and potentially lowering premiums.The...
Boeing flags 737 MAX software glitch affecting landing navigation feature, WSJ reports
Boeing has identified a previously undisclosed 737 MAX software glitch that could cause an automated navigation feature to fail during landing, the Wall Street Journal reported on Saturday, citing company documents. The software issue in some of its B737 MAX planes...
Dinesh Pant resigns as MD of LIC, to join as member, Actuary,IRDAI soon
With Pant's departure, LIC has now vacancies of two managing directors.Going by the rules, for one of the MD posts, for the first time, private sector candidates can apply. New Delhi: The government has accepted the resignation of Dinesh Pant, 59, managing director,...
IRDAI plans sweeping reset of insurance distribution, say experts
“The changes would directly affect automobile dealers, OEM-linked brokers, insurers and other motor insurance distributors quite drastically. By reducing upfront earnings from new-vehicle policies and tightening dealer-linked arrangements, the proposals could further...