LIC Housing Finance posts 25.5% jump in Q3 profit
LIC Housing Finance reported 25.5 per cent jump in December quarter profit at Rs 596.31 crore, mainly due to higher interest income. The company's profit was Rs 475.1 crore during…
Allianz Global Corporate plans to set up reinsurance branch in India
Allianz Global Corporate and Specialty (AGCS) announced setting up a new India reinsurance branch through which it plans to further expand its presence in the Asia-Pacific region. AGCS India Branch…
Max Life Insurance announces a partnership with Royal Challengers Bangalore
Max Life Insurance to be the official life insurance partner of Royal Challengers Bangalore Max Life Insurance’s recent India Protection Quotient survey states that term insurance uptake among the youth…
Toffee Insurance ties with EKO digital lending platform
Toffee Insurance, has tied up with Eko, a digital lending platform, to distribute its ‘Salary Protect Plan’ (Kamai Bachao Yojana) through the latter’s nearly one lakh touch points. This plan…
Bajaj Allianz Life Insurance gross written premium rises to Rs. 5,567 crore
Private sector Bajaj Allianz Life Insurance has posted a 13.4 per cent increase in gross written premium to Rs.5,567 crore in the first nine months of the fiscal, against Rs.4,908 crore a…
Steel Ministry to set up Safety Directorate
The Steel Ministry will soon set up a Safety Directorate that will oversee the safety standards in the steel industry. Steel Minister Birender Singh said the safety directorate would be…
Only 21% of urban life insurance holders buy term insurance: Insurance Survey
Only one out of five life insurance policyholders have term insurance in urban India despite the product being the cheapest form of protection, according to India Protection Quotient (IPQ) survey…
IRDAI asks insurers to diversify risks to avoid repeat of IL&FS
IRDAI has advised insurance companies to think about mitigating their risks by not concentrating their investment in a few entities. The regulator also said insurers need to diversify their investment…
Universal Sompo, chairman under IRDAI scanner
A recent inspection report by IRDAI shows that business commissions worth crores were paid to insurance broker even when premium cheques submitted by them bounced. The inspection report, to which…
National Health Authority gets cabinet nod
Central Government cleared the constitution of a National Health Authority (NHA) through an executive order, thus taking the Pradhan Mantri Jan Arogya Yojana (PM-JAY) out of the ambit of the…