Life

Federation of LIC Class-I Officers’ Associations rejects 15 % wage hike offer by the Corporation

Indian News       Sep 30, 2020

  Mumbai: Federation of LIC Class-I Officers’ Associations has  has rejected the offer of 15 per cent wage hike,on the wage bill as on 01st August 2017. offered by the management of the Life Insurnace Corporation(LIC).   Speaking on behalf of our Federation, S. Rajkumar, general secretary,Federation...

HDFC Life launches ‘Futurance’ phase 3 to incubate startups in association with IvyCamp

Indian News       Sep 30, 2020

  Mumbai: HDFC Life and IvyCamp, an initiative of IvyCap Ventures, today jointly launched the third phase of Futurance - the corporate engagement program to identify startups that are building innovative and next-gen capabilities in the insurance sector. Last year in June, HDFC Life and IvyCamp...

AIA Group CIO says equity volatility is biggest risk, has hedged

International News       Sep 30, 2020

  Heightened equity market volatility extending beyond the U.S. presidential election is the most significant risk for investors, AIA Group’s chief investment officer said on Tuesday. Mark Konyn, group CIO at the insurance and securities firm in Hong Kong, told the Reuters Global Markets Forum that...

Govt may sell 25% stake in LIC in phases

Indian News       Sep 29, 2020

New Delhi: India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to plug a widening budget gap. The government plans to amend the...

China to tighten supervision of country's booming online insurance business

International News       Sep 29, 2020

BEIJING: China’s banking and insurance regulator issued draft rules on Monday to rein in risks accumulated in country’s booming online insurance sector. The rules, on which the regulator is seeking public feedback till Oct. 28, will ban unlicensed institutions and individuals from participating the online...

Lack social bonding, rising insecurity, hypertension & stress increase heart disease risks amid COVID-19: Bharti AXA Study

Facts       Sep 29, 2020

  Mumbai/Delhi: With the lack of social bonding and the lopsided work-life balance accentuating anxiety level among urban Indians in the confinement period and triggering heart disease risks, the number of cardiovascular ailment cases is expected to increase exponentially amid the pandemic. In fact, the COVID-led...

Many life insurers need a new core system:Celent & Equisoft Report 

International News       Sep 28, 2020

Hyderabad: In a new report,'Life Insurance Core Modernization', underwritten by Equisoft, global research firm Celent presents the findings of an interview series aiming to understand how life insurers reached the tipping point in making a decision to move forward with the investment in a modern...

About 50% term policy buyers opt cover of Rs 1 cr or more during Apr-Aug: Policybazaar

Indian News       Sep 27, 2020

New Delhi: The coronavirus pandemic has heightened insurance awareness, resulting in more and more people going for a term insurance plan giving cover of Rs 1 crore or more to financially protect their families, reveals data collated by the insurance aggregator Policybazaar.com. About 50 per...

LIC, GIC Re & New India Assurance are Domestic Systemically Important Insurers, need enhanced supervision:IRDAI 

Indian News       Sep 25, 2020

  Hyderabad: The insurance regulator IRDAI has identified three large state owned insurers- Life Insurance Corporation of India,( LIC), General Insurance Corporation of India and The New India Assurance as Domestic Systemically Important Insurers (D-SIIs) which need enhanced regulatory supervision.. ``D-SIIs are perceived as insurers that...

Allianz-led consortium in advanced talks to take on Aviva's French arm – sources

International News       Sep 24, 2020

  LONDON/MUNICH/FRANKFURT: A consortium of German insurer Allianz ALVG.DE and life insurer Athora Holding is in advanced talks to buy Aviva's AV.L French operations in a deal worth between 2 and 3 billion euros ($2.3-$3.5 billion), sources close to the matter said. Aviva is working with...

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