Digit Insurance has received approval from IRDAI to raise $84 million from three growth equity investors - A91 Partners, Faering Capital and TVS Capital. This combined investment would bring Digit’s…
Bharti AXA General Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, today said it has received…
The government has made Aadhaar mandatory for subscribers of the Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme for senior citizens. The scheme, which envisages an assured rate of…
The IRDAI has sought information from insurers on their exposure to Infrastructure Leasing & Financial Services (IL&FS), Dewan Housing Finance Corporation (DHFL), Indiabulls, and Anil Dhirbubhai Ambani group companies, informed…
SBI chairman Rajnish Kumar has recently said it will take up to three years more to list its general insurance arm. The bank will list its asset management company before…
As part of its CSR activities, the SBI Life Insurance has collaborated with two NGOs with the aim of extending its support towards holistic development of the specially-abled children. The…
While strongly pitching for Universal Health Coverage (UHC), the chief executive of Ayushman Bharat National Health Protection Mission, Indu Bhushan, stressed that only 10 per cent of India’s population outside…
LIC has registered an increase of 137.87% in policies in November, with record sales of 34.08 lakh polices. By outperforming the industry growth rate in number of policies as well…
For the third year in a row, Cyber incidents (49% of responses) ranks as the most important business risk in India in the ninth Allianz Risk Barometer 2020. Awareness of the cyber threat…
The IRDAI may give allowance to public sector banks in holding more than 10% stake in multiple insurance companies, provided that they limit their promoter control to one entity and…