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Aditya Birla Capital to scale up life and health insurance business: Kumar Mangalam Birla

Aditya Birla Capital to scale up life and health insurance business: Kumar Mangalam Birla

by AIP Online Bureau | Apr 16, 2024 | Eco/Invest/Demography, Indian News, Life, Technology, Wealth Management/ Philanthropy

Kumar Mangalam Birla, chairman,Aditya Birla Group “Our Health Insurance business is one of the fastest growing Standalone Health Insurance players driven by a unique ‘Health-first’ model. It also raised capital in FY23 from a marquee sovereign wealth fund, ADIA....
Irdai effects a mini reshuffle of its sr officials, 2 members to retire soon

Irdai effects a mini reshuffle of its sr officials, 2 members to retire soon

by AIP Online Bureau | Nov 29, 2023 | Eco/Invest/Demography, Health, Indian News, Life, Regulation

Though as early as July, the government had  advertised for two posts of members- `Finance and Investment’  and `Actuary’ at the Irdai, no body has been selected for these posts as yet Hyderabad: Even as the government is yet to make any new appointments to...

Govt unlikely to roll back tax plan on high-value life insurance, say govt officials

by AIP Online Bureau | Mar 15, 2023 | Eco/Invest/Demography, Indian News, Life, Policy

The move, which will come into effect for policies issued from April 1, has rattled insurers, with top company executives meeting Finance Minister Nirmala Sitharaman and finance ministry officials to petition them to reconsider the proposal. New Delhi: The Indian...
Transforming Life: Tapping the new Normal

Transforming Life: Tapping the new Normal

by AIP Online Bureau | Mar 12, 2023 | Articles, Life, Technology

MR Kumar, Chiarman, Life Insurance Corporation The Indian life insurance industry needs to gear up for the coming prosperity and be ready with its products, distribution channels and processes to meet the demands of the new normal The entire life insurance sector has...

Economic Survey: India lags behind global average in non-life penetration

by AIP Online Bureau | Jan 31, 2022 | Indian News, Life, Non-Life

As of 2020, the penetration for life insurance in India is 3.2 per cent and nonlife insurance penetration is 1 per cent New Delhi: Though, India is at par with international average in terms of insurance penetration for life insurance, the country  lags behind in...
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