The Central Bank of India has received approval from the Competition Commission of India (CCI) to proceed with the acquisition of stakes in Future Generali's insurance businesses. The acquisition involves…
Finance Minister Nirmala Sitharaman introduces a long-term savings initiative for children, offering financial security and retirement savings from a young age. In a significant step toward encouraging long-term financial planning,…
A meticulously orchestrated murder plot designed to claim a ₹50 lakh insurance payout has been unraveled by police, revealing a shocking tale of forgery, deception, and greed. What was initially…
Mahindra Insurance Brokers, a subsidiary of Mahindra Finance, has announced the launch of its reinsurance division in Dubai, United Arab Emirates, marking a strategic move to serve the Middle East…
Early estimates from catastrophe modeling firm Karen Clark & Company (KCC) suggest that Hurricane Helene could cost insurers roughly $6.4 billion in damages. The figure includes losses from wind, storm…
As Gujarat prepares to celebrate the vibrant Navratri festival from October 3-12, six major garba organisers in Vadodara have secured insurance coverage worth Rs 30.18 crore for over three lakh…
Tata AIA Life Insurance Co. Ltd, one of India’s top life insurance companies, has announced the launch of a new US dollar-denominated life insurance product for Non-Resident Indians (NRIs) through…
Anup Rau, Managing Director and CEO of Future Generali India Insurance Company, has called for the deregulation of motor third-party (TP) insurance, citing high loss ratios and stagnant premiums as…
In a significant move, the Ministry of Corporate Affairs (MCA) has decided to delay the implementation of the new accounting standard Ind AS 117 for the insurance sector. This decision…
The increasing occurrence of extreme climate events like cyclones and heatwaves is driving up insurance costs for India’s wind energy sector, both for new and existing wind turbines. These rising…