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INSURANCE IN INDIA
Aviva set to become first foreign insurer to fully own India life businessUK insurer Aviva Plc is set to fully own its Indian life insurance venture. This move follows India's recent policy allowing total foreign ...- CarDekho set to file for Rs 3,000 crore IPO this quarterThe IPO is expected to be largely an offer for sale (OFS) by existing shareholders, with a fresh issue of about Rs 300 crore. The Jaipur-ba...
- Private life insurers outpace LIC in new business premium growthLife insurers saw a 16.6% rise in new business premium during the April-June quarter. Private sector firms expanded faster than LIC, driven...
- If FIIs return, they tend to see it first. 15 stocks from financial services ecosystem, with upside potential as low as 3% to as high as 28%Financial services is where FIIs go when they turn positive on India. History shows us that much of the money goes to banks, and the wider ...
- Why NRIs are re-evaluating health insurance for parents in IndiaRising healthcare expenses in India necessitate reassessment of parental health insurance. Many existing policies offer insufficient covera...
- Private life insurers outpace LIC as industry new business premium rises 16.6% in Q1Life insurers saw a 16.6% rise in new business premium during the first quarter. Private sector players grew faster than LIC, driven by reg...
- These 9 private and public banking stocks have an upside potential of more than 28% in one year, according to analystsTuesday saw reports that some ships were hit in the Strait of Hormuz. And, in the US, the Nasdaq was down. So, expect some pressure when th...
- Irdai asks state-run insurers to account for wage costs annuallyIrdai has implemented a new requirement for state insurers to create annual provisions for wage increases, intending to soften the financia...
- Sourav Ganguly joins hands with insurtech platformFormer India captain Sourav Ganguly is now a brand ambassador for InsuranceDekho. This partnership highlights his fearless leadership and t...
- Cochin Shipyard shares fall 4% as OFS worth Rs 1,856 crore opens today at 7% discountCochin Shipyard shares dropped as the government plans a significant stake sale. The offer for sale includes a base offer and an oversubscr...
- PIL seeks ethanol blend disclosure at fuel pumpsA Supreme Court petition demands transparency in ethanol-blended petrol distribution. It seeks display of ethanol percentages on fuel nozzl...
- PhonePe insurance CEO Vishal Gupta quits to launch new startupAnnouncing his departure through a post on Linkedin, Gupta said he was leaving to build a new venture, and called it a natural next step af...
- LIC highlights stronger profitability, higher margins and digital push ahead of investor meetingsIndia's Life Insurance Corporation (LIC) has reported robust financial performance, with net profit soaring to $6.07 billion and margins im...
- Govt to launch cooperative life insurance company, expand Bharat Taxi to 500 cities: Amit ShahUnion Minister Amit Shah announced a new cooperative life insurance company to bolster the sector's growth, marking the Ministry of Coopera...
- Son dies in accident while driving father's car; Delhi High Court says insurance can't be claimed. Here's whyThe Delhi High Court ruled that families of drivers dying in borrowed vehicles cannot claim personal accident cover from the owner's insure...
- ICICI Pru Life seeks investor status for Prudential after Bharti Life dealUK-based Prudential Corporation Holdings is seeking regulatory approval to shift its status from promoter to investor in ICICI Prudential L...
- Insurance regulator IRDAI plans overhaul of commission rules to curb mis-selling, sources sayIndia's insurance regulator is set to overhaul distributor commissions, proposing payments spread over a policy's life to curb mis-selling ...
- Prudential HCL Health Insurance gets IRDAI nodIndia's health insurance sector welcomes a new player as Prudential HCL Health Insurance receives regulatory approval. This joint venture, ...
- Solvency buffers at insurers thinning; general insurance sector more of a concernThe Reserve Bank of India's latest report highlights concerns over thinning capital in the insurance sector. While life insurers remain com...
- IRDAI chairman urges insurers to build affordable products for Rs 5-25 lakh cover to boost penetrationIRDAI Chairman Ajay Seth called for insurance companies to prioritise covering a broader range of unique lives rather than merely chasing p...
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