Digital First to grow business
The digitisation hits insurance field and some of the country’s biggest insurers are moving to a digital-first approach, reducing the dependence on agents for selling an insurance product. Edelweiss Tokio,…
IRDAI permits LIC to pick up to 51 percent stake in IDBI Bank
IRDAI has allowed LIC to acquire up to 51 percent stake in IDBI Bank. IRDAI has approved the plan that will help convert the debt-ridden lender into a private sector…
LIC buys first issuance of longest maturity bonds
Life Insurance Corporation has bought the first issuance of the longest maturity 30-year bonds this financial year, sold by the National Highway Authority of India (NHAI). India’s biggest domestic institutional…
Insurance in the gig economy is a growing market and insurers must capitalize on the opportunity, says GlobalData
The UK insurance market has seen the emergence of the gig economy as an opportunity not only for employment purposes but also as a new and growing market. With 2.8…
NON-LIFE INSURERS CLOCK 10% GROWTH
As per IRDAI data, the gross premium of non-life insurers increased by 9.6 per cent to Rs 10,515.91 crore in May from the same month a year ago. The non-life insurance firms…
LIC looks to up stake in IDBI Bank to 51%
State-run Life Insurance Corporation of India (LIC) has sought government approval to buy a controlling stake in troubled IDBI Bank Ltd, said a person with direct knowledge of the matter.…
Work Stress and Smoke
According to survey by ICICI Lombard General Insurance, the leading trigger points for smoking is work stress. The survey was conducted among the age groups of 20-35 and 35-50, was…
IRDAI probes illegal practices in bancassurance segment
IRDAI is probing illegal practices by some private insurers and their partner banks in bancassurance channels, according to a senior Official. It has come to the IRDAI's notice that some of the insurers…
$2.3 billion for Aberdeen shareholders
Standard Life Aberdeen would be returning as much as £1.75 billion ($2.3 billion) to shareholders after it completes the sale of its insurance unit to Phoenix Group Holdings. The publication…
Digit Insurance Joins Hands with Flipkart to Provide Mobile Insurance
Launches a mobile protection plan to insure screen damages, for an amount as low as Rs 150 Get Flat 20% of the invoice amount in case of screen damage Zero…