HDFC Life posts 13% rise in March Quarter net
HDFC Life's net profit increased 13% to 358 crore in the quarter ended March 2022 from 318 crore a year ago, led by higher premium income and business margins even…
PolicyBazaar rejigs its top deck
PolicyBazaar, has elevated cofounder and chief financial officer (CFO) Alok Bansal to executive vice chairman and has invested further in its insurance broking arm, it said in a stock exchange…
HDFC Life becomes Signatory to United Nations – Supported Principles for Responsible Investment
HDFC Life recently signed up for the UN-supported Principles for Responsible Investment (PRI), epitomising its objective of sustainable growth and long term value creation. HDFC Life is committed to following…
Life insurance firms settled 2.2 lakh Covid death claims: IRDAI data
Life insurance companies have so far received 2,18,084 COVID claims amounting to Rs 16921.70 crores, according to data provided to Business by Life Insurance Council. Insurers say the death claims…
Life insurers’ New business premiums zooms 84% in April
New business premiums (NBP) of life insurance companies jumped 84 percent year-on-year (YoY) in April, propped up by 141 percent increase in initial public offering-bound insurance behemoth Life Insurance Corporation…
71% of LIC anchor allotment made to domestic MFs
LIC, raised Rs 5,627 crore from anchor investors ahead of its mega initial public offering (IPO), with 71 percent of the amount coming from domestic mutual funds (MFs), shows a…
LIC loses Rs 46,520 crore on debut listing
LIC lost Rs 46,520 crore in value, as the market capitalisation (m-cap) on its market debut. The stock fetched an m-cap of Rs 5,53,675.05 crore at the close of the…
Can LIC stock prove to be a good long-term bet?
LIC made a less than expected debut on bourses as the stock listed at a discount, hurting all categories of IPO investors. LIC shares listed at Rs 867.20, a discount…
LIC listing to boost transparency, and its credit profile
As a listed company, LIC will face more demanding disclosure requirements, resulting in increased transparency over its operations, and encouraging it to prioritize profitable underwriting and risk management, Moody's Investor…
ICICI Prudential Q4 net profit surges 189%
ICICI Prudential Life Insurance reported a 189.5 per cent surge in its net profit for the fourth quarter of the fiscal 2021-22 at Rs. 184.67 crore compared to Rs. 63.78…