by AIP Online Bureau | Jul 17, 2023 | Indian News, Life, Regulation
A two-judge bench of the apex court asked the SAT to decide the case afresh on August 3 observing that the appellate tribunal passed the stay order without providing any valid reason New Delhi: In its third hearing, the Abhay S Oka Supreme Court on Monday overturned...
by AIP Online Bureau | Jun 13, 2023 | Indian News, Life, Regulation
“The fact that the earlier direction of the respondent (Irdai) in transferring the business to ICICI Prudential Life Insurance Company was set aside in 2018 and since then no steps had been taken to transfer the policies, we find it strange that such steps have...
by AIP Online Bureau | Jun 4, 2023 | Indian News, Life
The total number of policies being transferred is only a small percentage of SBI Life’s total policies, a company official said.At the same time, capital related to policies based on actuarial calculation is being transferred to SBI Life, an insurance industry...
by AIP Online Bureau | Jun 2, 2023 | Indian News, Life, Regulation
SBI Life will have take over the policy liabilities of around two lakh policies of Sahara India Life Insurance (SILIC), backed by the policyholders’ assets, said the IRDAI, The policy data of SILIC reveals that the company’s portfolio is showing run-off trend. The...
by AIP Online Bureau | Apr 26, 2023 | Indian News, Life
The value of new business grew 37 per cent to Rs 5,067 crore, with a robust margin of 30.1 per cent, up 420 bps for the year Mumbai: SBI Life on Wednesday reported Rs 77.6 crore net income for the March quarter, marginally up from the Rs 67.2 crore it had booked in...
