Page 11 - Insurance Sector

Up to 10% of LIC IPO issue to be reserved for policyholders: MoS Finance

Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders, Minister of State for Finance Anurag Thakur said

Why higher FDI threshold could deepen, widen market for insurance products

Budget 2021 raised the FDI limit in the insurance sector from 49 to 74 per cent

LIC IPO may hit market in fourth quarter of next fiscal: DEA Secretary

The initial public offering of LIC may hit the market in the fourth quarter of fiscal 2022

Raising funds from investors will be easier: Helios Capital's Samir Arora

FDI in the insurance sector is very realistic, says Samir Arora

Budget 2021: FDI cap hike in insurance may set cash registers ringing

The large insurance companies are well capitalised and backed by very strong Indian partners, mostly banks and large non-banking players

Top headlines: India's budget hikes spending; Myanmar military takes power

Business Standard brings you top news of the evening

Budget 2021: FDI cap hike in insurance set to attract US, European firms

The country's investment promotion agency, Invest India, expects the insurance market to be worth around $250 billion by 2025

Budget 2021 lays out road map for overhaul of state-run companies

The policy classifies central public-sector companies, banks and insurance companies into four strategic areas

HDFC Life net profit rises 5.9% to Rs 265 cr in December quarter

HDFC Life Insurance reported a 5.89 per cent rise in its quarterly net profit to Rs 264.99 crore

Indian insurers to withstand pandemic-led downturn: Moody's

Indian insurance companies are likely to withstand the economic downturn exacerbated by the coronavirus pandemic, the report said

Open to opportunities of paring stake in IDBI Bank: LIC's Vipin Anand

An increase in economic activity since the unlock process started in June has resulted in an uptick in the business performance of LIC, says LIC MD Vipin Anand

Non-life insurers see around 12% growth in December premiums, shows data

In the April-December period of FY21, the general insurers' premium totalled Rs 1.25 trillion, up 1.14 per cent over last year

IRDAI sets up panel to examine availability of health insurance products

Irdai set up a panel of experts to examine the availability of health insurance products in the country considering the need of the Indian society and recommend suitable products and processes.

Razorpay gears up to digitise small businesses; aims at $50 bn TPV by 2021

Due to lack of trust, new merchants usually see 30% higher cart abandonments on the checkout page as compared to established merchants; Razorpay is aiming to change that

New business premium of life insurers decline 26.93% YoY in November

In the April - November period of FY21, NBP of life insurers declined by 1.5 per cent to Rs 1.66 trillion, as against Rs 1.69 trillion in the same period last financial year

Banks expecting good response as bidders to decide RCap's fate today

Bidders have the option to either buy the entire company or bid for the company's individual assets.

Why insurance firms are poised to march past the banks on the stock market

They make up 43% of the m-cap of banks today and many, including LIC, will soon be listed; by contrast, not a single yet-unlisted bank is so massive as to create ripples when it goes public

PFRDA to finalise guaranteed plan with minimum return by FY21 end

Regulator to raise cap on fee of fund managers; AUM of pension funds increases by 35% to Rs 5.5 trillion

Double-digit surge in insurance sector by FY21-end: LIC MD Raj Kumar

Growth of the industry had fallen by 19 per cent in April

We expect equity returns to be muted in next 12 months: CIO, HDFC Life

We are taking a balanced approach towards sectors and hence there is no big call on any particular sector, says Prasun Gajri, Chief Investment Officer, HDFC Life