Month: September 2023

London-based Prudential is looking to set up a health insurance venture in India. The company, which is in a partnership with ICICI Bank for its life insurance and asset management…

Akshay Deep Singh, the owner of a TATA LPT-909 vehicle, had his vehicle covered under an insurance policy purchased from New India Assurance’s Kaithal Branch. The policy was valid from…

LIC said the government has appointed R Doraiswamy as the managing director. Doraiswamy is currently the executive director at the central office in Mumbai. He has been appointed as managing…

LIC’s has reported a standalone net profit at Rs 9,543.71 crore for the quarter ended June as against a profit of Rs 682.88 crore in the corresponding quarter of last…

SBI Life Insurance reported a 45 per cent increase in its net profit for the quarter ended June to Rs 380 crore, thanks to 28 per cent growth in renewal…

Max Life Insurance Company Ltd. has been designated as the "Lead Insurer" for Uttar Pradesh by the IRDAI. This move is part of IRDAI's State Insurance Plan to promote financial…

A fraudster who used to dupe investors promising to revive their old insurance policies was arrested by Bidhannagar police. Sohel Rana (27) was arrested from a hideout at Amdanga in…

LIC said it has acquired 6.66 per cent stake in Jio Financial Services, the demerged non-banking financial services unit of the Mukesh Ambani-led Reliance group. “… Corporation has acquired 6.660…

IRDAI has taken the first step towards introduction of risk based capital framework and wants insurers to assess potential impact on the capital needs of insurers if the new rules…

In a significant ruling, the Competition Commission of India (CCI) has refused to interfere in  IRDAI’s regulatory functions, disposing off an information case alleging anti competitive arrangement between insurance regulator…