Insurance

Though costlier, they offer coverage for both type I and II diabetes, and to those with high levels of HbA1C

Share of foreign currency assets in overseas securities rises to 81% by March.

Unlisted life players may rack up a commission war to gain market share

With the entry of these two firms into the space, the number of life insurance companies in the sector goes up to 25, after remaining stagnant since 2011

By removing the limit for agents, the regulator has provided insurers greater scope to build their businesses

What was being done in a clandestine manner by the industry players, the the Insurance Regulatory and Development Authority of India (IRDAI) has legalised the same with the new norms

This is despite a new tax being introduced from April 1

The figure in FY22 was the highest ever in any financial year

Warehousing Development Regulatory Authority (WDRA) has signed an MoU with PNB to facilitate loans to farmers and traders against negotiable warehouse receipts

Bagchi will replace N S Kannan, the current MD & CEO, who will complete his five-year term, and superannuate from service in June

Irdai has also now provided more flexibility and autonomy to the boards of insurers in operational and financial decisions

They are not in good financial health and fund would be infused in these entities to augment their solvency margin, the official added

Individuals who are well prepared for retirement start investing even before they turn 40, finds an ICICI Prudential Life Insurance study

The amendments aim to enhance the security of policyholders, promote their interests, and improve returns

Expect higher sales of such policies in March

Through this alliance, Bharti AXA Life's entire suite of life insurance plans, including protection, savings, investment, and retirement products, will be offered to the customers across 17 states

Centre may also come up with a plan to provide third-party insurance cover for motor vehicles when they are impounded by traffic police or transport department officials

Reliance Capital is undergoing bankruptcy proceedings since November 2021 after defaulting on loans worth Rs 24,000 crore

Will look to move to risk-based solvency regime in the next two years, says Debasish Panda; 19 applications to set up shop are in the pipeline at various stages

Over 1.6 million cyber attacks were blocked on Indian insurance companies every day in January, a report showed on Monday