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LIC and HDFC Life relax norms for claim payments for victims of Wayanad disasters

by AIP Online Bureau | Aug 3, 2024 | Indian News, Life

The government has mandated the Public Sector Insurance companies and insurance regulator IRDAI has asked the insurance industry to extend all possible support to the victims of the landslide incident in Kerala Siddhartha Mohanty, CEO & MD, LIC, announced...
HDFC Life fined Rs 2 crore by IRDAI for violating regulations  

HDFC Life fined Rs 2 crore by IRDAI for violating regulations  

by AIP Online Bureau | Aug 2, 2024 | Indian News, Life, Regulation

Signed by RK Sinha, member, Finance, IRDAI and BC Patnaik, member,Life, IRDAI, the regulator has slapped a fine of Rs 1 crore  each on two charges and has directed  the company to take corrective steps in other matters    Mumbai: The IRDAI has slapped fine of Rs 2...

HDFC Life’s assets under management cross Rs3 lakh crore

by AIP Online Bureau | Jun 5, 2024 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

HDFC Life has a debt: equity mix of 67:33 with 99% of debt investments in Government bonds and AAA rated securities as on Mar 31, 2024 Mumbai:HDFC Life, one of India’s leading life insurance companies, announced thatit has crossed Rs 3 lakh crore in Assets Under...

Upstox ties up with HDFC Life for selling insurance products

by AIP Online Bureau | May 20, 2024 | Briefs, Intermediaries, Life

Upstox, a wealth management platform today launched its entry into insurance distribution business and has tied up with HDFC Life as its first insurance partner. “With this launch, the company aims to revolutionise India’s insurance landscape by offering its...

HDFC Life announces highest-ever bonus of Rs 3,722 cr on participating plans

by AIP Online Bureau | May 15, 2024 | Briefs, Life

HDFC Life has announced its highest-ever bonus of Rs. 3,722 cr. on participating plans during the company’s board meeting in April 2024 benefitting 22- 23 lakh policyholders. Out of the total bonus amount, Rs 2,798 crore will be disbursed to policies in the current...
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