IRDAI expects the proposed risk-based capital framework to facilitate the effective functioning of insurance companies that are focused on specific geographies or products. This would also help improve insurance penetration…
Government is planning to promote one of the executive directors of Life Insurance Corporation of India as its chairman. Current Chairman VK Sharma will retire by the end of December 2018.…
According to Finance Minister Arun Jaitley as many as 3 lakh poor people have benefited from Ayushman Bharat health scheme in the last one-and-a-half months. "We are now close to…
Chairman, LIC of India, VK Sharma presented a cheque of Rs 2,430.19 crore to Union Finance Minister, Arun Jaitley, as the Government of India’s share of the surplus arising out…
The NITI Aayog has proposed the formation of a National Health Authority to administer the Pradhan Mantri Jan Arogya Yojana (PMJAY) and will be chaired by the Health Minister with…
Book Review by Prof. (Dr.) Abhijit K Chattoraj The book “The LIC Story: Making of India’s Best known Brand” written by LIC’s former Executive Director Kamalji Sahay and published by Pan…
Bharti AXA General Insurance, registered a maiden profit of Rs 3.3 crore in the first six months of the current fiscal 2018-19. This company recorded a 38 per cent increase…
First-year premiums collected by life insurance companies for April-November 2018 saw a tepid growth of 0.33 per cent over the same period last year, mainly because of Life Insurance Corporation's…
True North Managers Llp, a Private equity firm is close to buying out Analjit Singh-promoted Max India Ltd’s entire 51% stake in standalone health insurer Max Bupa Health Insurance Co.…
IRDAI tweaked the rules that will allow foreign insurers to bid for reinsurance contracts along with GIC RE and bag the same if they offer lower rates than GIC or…