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India’s financial system resilient, diverse: IMF report

India’s financial system resilient, diverse: IMF report

by AIP Online Bureau | Mar 25, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation

The report observed that India’s insurance sector is strong and growing, with a significant presence in both life and general insurance. The sector has remained stable, supported by better regulations and digital innovations New Delhi: The Indian financial...
Bajaj Finserv shares slip over 4 pc in 6 months amid insurance deal

Bajaj Finserv shares slip over 4 pc in 6 months amid insurance deal

by AIP Online Bureau | Mar 21, 2025 | Indian News, Life, Non-Life

Bajaj Finserv will spend Rs 13,780 crore to acquire the general insurance business and Rs 10,400 crore for the life insurance arm Mumbai: Shares of Bajaj Finserv continued to decline on Friday by falling 0.53 per cent during intra-day trade to Rs 1,842 on the National...

Universal Sompo launches vision insurance plan

by AIP Online Bureau | Mar 20, 2025 | Briefs, Health, Non-Life

Universal Sompo General Insurance on Thursday launched a vision insurance plan under its Group Health Insurance product. The wellness benefits under the Vision Insurance Plan are powered by VisionSure, which integrates technology with various service providers to...
Allianz and Mukesh Ambani’s Jio Financial may have reached initial deal for 2 Indian insurance JVs

Allianz and Mukesh Ambani’s Jio Financial may have reached initial deal for 2 Indian insurance JVs

by AIP Online Bureau | Mar 20, 2025 | Health, Indian News, Non-Life, Regulation

The move comes as the German insurer agreed earlier this week to sell its stake in joint ventures with Bajaj Finserv Ltd. Both Jio and Allianz are in the process of finalizing the ownership structure, said the people who asked not to be identified as the matter is...
Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel

Need safeguard measures before raising FDI limit to 100 pc in insurance: Par Panel

by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation, Technology

Bhartruhari Mahtab,chairman, Standing Committee on Finance The Committee would like to emphasise the need for some safeguard measures to be in place to counter concerns like profit repatriation i.e. foreign investors sending earnings back to home countries rather than...
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