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PSU banks and insurers playing a central role in advancing national priorities: Govt

PSU banks and insurers playing a central role in advancing national priorities: Govt

by AIP Online Bureau | Feb 17, 2026 | Banking & Bancassurance, Indian News, Life, Non-Life, Policy, Technology

(Lto R) R Doraiswamy, CEO &MD, LIC, CS Shetty,Chairman, SBI and M Nagaraju, Secretary, Department of Financial Services(DFS) at Chintan Shivir, 2026, organised by the Department of Financial Services(DFS) in Coorg The primary objective of Chintan Shivir,...
“Increase profitable biz,maintain market share and strengthen retail portfolios”DFS Secy to PSU insurers

“Increase profitable biz,maintain market share and strengthen retail portfolios”DFS Secy to PSU insurers

by AIP Online Bureau | Jan 13, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Reinsurance

Nagaraju also stressed that high priority should be given to the timely resolution of public grievances and to ensuring seamless and prompt claims processing, in order to provide efficient services to customers. New Delhi: Outlining the action plans for PSU insurers...
Sompo aims at higher-yielding overseas credit to boost profits as traditional business flounders

Sompo aims at higher-yielding overseas credit to boost profits as traditional business flounders

by AIP Online Bureau | Jan 12, 2026 | Eco/Invest/Demography, International News, Reinsurance

Globally, private credit has grown into a $1.7 trillion market. Lending spreads have narrowed compared with 2023 due to intensifying competition, but for Sompo the debt remains attractive because spreads are still wider than other credit products. Tokyo:Sompo Holdings...
Govt probes insurers paying excessive distribution commissions without growing business

Govt probes insurers paying excessive distribution commissions without growing business

by AIP Online Bureau | Jan 1, 2026 | Health, Indian News, Life, Non-Life, Regulation

The Department of Financial services (DFS) has sent letters to general insurers and life insurers through their respective councils- General Insurance Council and Life Insurance Council- after both- the insurance regulator IRDAI and the banking regulator Reserve Bank...
Pvt sector insurers pay higher commissions, constraint  expansion of insurance coverage:IRDAI & RBI reports

Pvt sector insurers pay higher commissions, constraint expansion of insurance coverage:IRDAI & RBI reports

by AIP Online Bureau | Dec 31, 2025 | Indian News, Life, Non-Life, Policy, Regulation

Commission expenses and operating expenses constitute a major part of the total expenses of the general insurance industry, said the IRDAI in its annual report of 2024-25 For the life insurance sector, total commission outgo increased by 18 per cent (whereas the total...
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