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LIFE INSURERS
LIC expects no immediate government stake sale, eyes long-term growth: CEOLIC does not expect the government to sell another stake in the insurer in the immediate future, CEO R Doraiswamy said. The state-owned ins...- LIC, HDFC Life, other stocks rise up to 3% as Aug new business premium jumps 33% YoY. What Nuvama, others are sayingLife insurers reported a 33% YoY increase in total new business premium to Rs 41,198 crore in August, led by a sharp rise in group single-p...
- Life insurers' new business premium up 33% in AugustLife insurers displayed impressive growth in new business premiums for August, with an overall year-on-year increase of thirty-three percen...
- Insurers seek greater flexibility in using equity derivatives for portfolio hedgingIndian insurers are seeking greater flexibility in using equity derivatives, including allowing exposure to be aggregated across multiple f...
- BCCI ropes in Campa Cola, ChatGPT and SBI Life as associate partners for Team India matches till 2028The BCCI has appointed Campa Cola, ChatGPT and SBI Life as associate partners for 35 bilateral matches in India through March 2028. Campa C...
- Prasol Chemicals mobilises Rs 150 cr from anchor investors ahead of IPOPrasol Chemicals has raised nearly Rs 150 crore from anchor investors ahead of its Rs 500-crore IPO, which opens on September 8. The specia...
- Global Market: China insurer recapitalisation may ease capital constraints and support stock investmentsChina’s planned $53.6 billion recapitalisation of state-owned insurers and banks could ease solvency pressures and strengthen insurers’ cap...
- Should homemakers buy a term plan? Here’s why their unpaid work has real financial valueThe contributions of homemakers to household management have substantial economic significance that is now being acknowledged by life insur...
- ICICI Bank shares in focus as LIC gets RBI nod to acquire 9.99% stake in private lenderICICI Bank shares will be in focus after RBI approved LIC to acquire up to 9.99% in the lender within one year. LIC already holds over 4%. ...
- NSE IPO set to deliver massive gains of Rs 7,200 crore to state-run insurance firmsGeneral Insurance Corp, National Insurance, New India, Oriental Insurance and United India were among the earliest investors in the exchang...
- China to pump $54 billion into state banks, insurers in capital-boosting pushChina's finance ministry is injecting over fifty billion dollars into state-owned financial institutions. This coordinated push aims to str...
- RBI approves LIC to acquire up to 9.99% stake in ICICI BankThe Reserve Bank of India has approved Life Insurance Corporation's stake acquisition. LIC can now acquire up to 9.99% of ICICI Bank's shar...
- Curb misselling, not agents: Insurance reform needs a scalpel, not a hammerIndian insurance regulators are rethinking intermediary payment structures to reduce misselling. Proposed reforms aim to lower distribution...
- Nepal floods could cost insurers over $130 mln even before death, injury claimsNepal's recent flood may cause over 20 billion Nepali rupees in insured losses. Hydropower projects sustained the most significant damage f...
- Insurer can't reject claim if alcohol habit disclosed before policy purchase: Consumer commissionA consumer commission ordered Edelweiss Tokio Life Insurance to pay over fifty lakh rupees. The company rejected a widow's claim despite di...
- Nepal floods could cost insurers over $130 million even before death, injury claimsNepal’s devastating floods could trigger more than 20 billion Nepali rupees ($132.3 million) in commercial insurance losses, with hydropowe...
- Insurers plan floor for fire cover to avoid large burnsNon-life insurers are considering a minimum rate for fire insurance's natural catastrophe component. This move follows concerns about steep...
- LIC launches two new plans: LIC’s Bima Platinum and LIC’s Jeevan Raksha; Check detailsNew LIC plans: Today, Life Insurance Corporation of India has unveiled two innovative insurance plans designed to meet diverse needs. LIC's...
- IndiaFirst plans to raise Rs 250 cr in subordinated debtIndiaFirst Life Insurance plans to raise ₹150-250 crore through subordinated debt. BNP Paribas Cardif will acquire Warburg Pincus' stake in...
- In 1969, Apollo 11 astronauts, Neil Armstrong, Buzz Aldrin and Michael Collins, headed to the Moon without a traditional life insuranceIn 1969, Apollo 11 astronauts, Neil Armstrong, Buzz Aldrin and Michael Collins, headed to the Moon without traditional life insurance. NASA...
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