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Mahindra & Mahindra and Canadian Manulife form 50:50 life insurance JV, To invest Rs 3,600 crore

Mahindra & Mahindra and Canadian Manulife form 50:50 life insurance JV, To invest Rs 3,600 crore

by AIP Online Bureau | Nov 13, 2025 | Eco/Invest/Demography, Indian News, Life, Regulation

“We can plan getting into non-life business if composite license is allowed by the government afterwards.Mahindra brand strength, deep distribution capabilities in rural and semi-urban India and execution excellence make life insurance a logical extension towards our...

Tamil Nadu among India’s most insurance-aware markets: IMRB Kantar

by AIP Online Bureau | Sep 3, 2025 | Data, Eco/Invest/Demography, Life

Key insights revealed by a study initiated by Insurance Awareness Committee (IAC-Life) in collaboration with IMRB Kantar • 100% awareness of life insurance among respondents • 70% of non-policyholders intend to invest in life insurance within the next 3–6 months • 63%...
GST Council to meet on Sep 3-4 to discuss moving to a two-rate structure

GST Council to meet on Sep 3-4 to discuss moving to a two-rate structure

by AIP Online Bureau | Aug 22, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life

Nirmala Sitharaman,Union Finance Minister The council, comprising finance ministers of all states and UTs besides the Centre, will deliberate on the recommendations by the three GoMs on rate rationalisation, compensation cess and health and life insurance New Delhi:...

GST Revamp: Tax on premium for Rs 5 lakh Health and Term life insurance may be slashed to 5% or even zero from 18%, sources say

by AIP Online Bureau | Aug 18, 2025 | Health, Indian News, Non-Life

Shares of insurance companies such as ICICI Prudential , SBI Life, and LIC jumped 2%-4%.The rise in auto, insurance and consumer firms stocks helped the wider market rise over 1% Analysts have said as per the current rules, the GST rate of 5% or zero does not qualify...
Insurance JVs between Generali and Central Bank unveil a new brand

Insurance JVs between Generali and Central Bank unveil a new brand

by AIP Online Bureau | Aug 4, 2025 | Indian News, Life, Non-Life

Rob Leonardi, Asia Regional Officer, Generali, said, “India has long been a strategic market for Generali and our joint venture with the Central Bank of India reflects the potential we see today and for the future. The synergies between our two organisations are...
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