LIC’s June new business premium grows 21%
LIC’s new business premium (NBP) in June increased 21 per cent to Rs 24,970.82 crore while the private sector life insurers registered growth of 13 per cent to Rs 11,990.94…
Max Life, DCB Bank join hands to offer insurance products
Max Life Insurance has partnered with DCB Bank to provide a variety of life insurance products to the latter’s customers. Term, savings, and retirement plans will be offered under this…
Tata AIA Life to pay Rs. 1,183 crore in dividend
Tata AIA Life Insurance has declared Rs 1,183 crore in dividend payout to participating policyholders for the past financial year, which is 37 per cent higher than the preceding fiscal…
CCI approves acquisition of stake by HDFC in 2 insurers
The Competition Commission of India (CCI) granted its approval to mortgage lender HDFC to acquire a certain stake in HDFC Life Insurance Company and HDFC ERGO General Insurance Company Ltd.…
IRDAI asks insurers to speed up settlement of flood claims
IRDAI has asked all general insurers and standalone health insurance firms to deploy resources and shrink response-time gaps after the worst deluge in decades battered north India, damaging property and…