PNB MetLife and India Post Payments Bank partner to offer inclusive life insurance solutions.
PNB MetLife and India Post Payments Bank (IPPB) have formed a strategic partnership to expand access to life insurance solutions across India. This collaboration combines PNB MetLife's diverse range of life insurance products with IPPB's vast network of 650 banking outlets, serving over 110 million customers. The goal is to bring life insurance to every household in India, enabling customers to protect their future and achieve their aspirations, and strengthening financial inclusion across the...
The Kerala Consumer Redressal Commission has ordered a agency to pay Rs 4 lakh in compensation to a burn victim who was injured in an LPG leak incident.
The case revolves around Indane, an agency, and their customers, who purchased insurance policies from United India Insurance Company and Oriental Insurance Company. The insured parties failed to notify the insurance companies of specific incidents within the prescribed time frame, which the companies used to exonerate themselves from liability. The district commission approved this decision, prompting Indane and the agency to file appeal petitions. The appeals were heard by the SCDRC bench,...
Niva Bupa launches health cover for the missing middle
Niva Bupa, a standalone health insurer, has introduced "Rise", a new health insurance plan aimed at India's "missing middle" - those who earn too much to qualify for government schemes but too little to afford private insurance. This plan is designed with affordability and flexibility in mind, allowing policyholders to pay premiums flexibly with an option to pay just 20% upfront and the remainder at their convenience. The plan also offers incentives for treatment in government hospitals, and...
Vengurla Railway Station of Rs 250 Crore Public Building, Which is on Temple Premises, is Sanctioned by the High Court:
The Madras High Court has ruled in favor of United India Insurance Company, quashing the Chennai Metro Rail Limited's (CMRL) move to acquire a portion of land owned by the insurance company for a metro station. The court held that demolishing a recently constructed building, or parts of it, built at a cost of Rs. 250 crores by a public sector entity, would be entirely against the public interest. The CMRL had initially planned to construct a metro station on the premises of Arul Mighu Sri...
Religare Enterprises Limited’s subsidiary has announced a reshuffle in its board of directors, with one director stepping down.
Religare Enterprises, a subsidiary of the global private equity firm, KKR, has undergone a board reshuffle and removed one of its directors. The move comes as part of the company's efforts to revamp its leadership and improve its overall performance. According to reports, a senior director at Religare, who had been with the company for several years, has been relieved of his duties. The exact reasons for the director's removal have not been disclosed, but sources suggest that it was a...
The Supreme Court has ruled that a life insurance claim may be rejected if a policyholder purchases a new policy without disclosing the ones they already have.
The Supreme Court (SC) has ruled that if a policyholder purchases a new life insurance plan without disclosing their existing policies, their new claim may be rejected. The court made this statement in response to a petition filed by the Insurance Regulatory and Development Authority of India (IRDAI). The IRDAI had asked the SC to clarify the rules regarding the disclosure of existing life insurance policies while taking out a new one. The authority was concerned that some policyholders were...
The amount received by the claimant under a mediclaim or medical insurance policy is not liable to be deducted from the compensation under the Motor Vehicles Act, as per the Bombay High Court ruling.
The Bombay High Court has clarified that the amount received by a claimant under a mediclaim policy or medical insurance policy is not liable to be deducted from the amount of compensation payable to a claimant under the head "Medical Expenses" under Section 166 of the Motor Vehicles Act, 1988. The court was considering the issue of whether the amount received by a claimant under a mediclaim policy or medical insurance policy is liable to be deducted from the amount of compensation payable to...
A Local Insurance Commission (LIC) agent was found dead at their home in Amethi, Uttar Pradesh.
A 55-year-old Life Insurance Corporation of India (LIC) agent, Anurag Srivastava, was found hanging in his home in the Musafirkhana Nagar Panchayat area of Uttar Pradesh's Ghaziabad district on Tuesday morning. The police were alerted and discovered Srivastava's body hanging from a noose. The authorities have launched an investigation into the incident and have seized Srivastava's mobile phone as part of the inquiry. The police are currently investigating the events and conditions that led to...
Indian insurance company, New India Assurance, enters the semifinals.
The 14th Insurance Shield T20 Inter-Office Cricket Tournament 2024, organized by Oriental Insurance Company and the Mumbai Cricket Association, saw two exciting matches in the quarterfinals. In the first match, New India Assurance (NIA) SC secured a 22-run victory against Bank of Maharashtra. NIA reached a total of 186 for 5 wickets from 20 overs, thanks to the efforts of opening batsmen Harsh Ubale (60 off 49 balls) and Anish Shetty (55 off 26 balls), as well as Sanskar Dahelkr's 29 runs. In...
Mental health only comprises 1% of all health insurance claims.
The insurance landscape in India is often found to be lacking when it comes to mental health coverage, despite the Insurance Regulatory & Development Authority of India's (Irdai) mandate to include coverage for mental illness. A report by Marsh McLennan India and Mpower found that less than 1% of total health insurance claims in India are for mental health treatment. Additionally, 42% of participants in a survey were either unaware of their mental health coverage or did not have it....
Reliance General launches Health Insurance Matlab Reliance Campaign.
Reliance General Insurance has launched a new campaign, "Health Insurance matlab Reliance General Insurance", offering customizable health plans, unlimited refill on sum insured, and other features. The company emphasizes that health insurance is not just a safety net, but a crucial financial safeguard that protects individuals and families from the high costs of medical emergencies. With healthcare expenses continually rising, having a health insurance plan that offers many features is...
Can weight loss jabs mean slimmer profits for Aviva, L&G, and other life and pensions companies?
The article discusses the potential impact of weight-loss jabs, also known as injectable treatments, on the profits of life and pensions companies such as Aviva and L&G. In recent years, there has been a significant increase in the demand for weight-loss treatments, with more people seeking non-surgical options to slim down. This trend has led to a surge in the popularity of injectable treatments, which are believed to be more effective and safer than traditional weight-loss methods. The...
HC fines insurance firm for ‘harassing’ woman
The Patna High Court has imposed a fine of Rs 50,000 on PNB MetLife India Life Insurance Company for pursuing a prolonged legal battle against a widow, Udha Devi, over her husband's life insurance claim. The widow's husband, Bhola Ray, died in a road accident in 2015, and she had been waiting for five years to receive a settlement of Rs 9.10 lakh. The insurance company rejected her claim, alleging that Ray had concealed a pre-existing tuberculosis (TB) condition, which was not covered....
BoI partners with NIACL to leverage their expertise and capabilities.
The Bank of India (BOI) has entered into a strategic partnership with The New India Assurance Co Ltd (NIACL), a leading general insurance provider, to enhance insurance accessibility for its customers. The agreement aims to offer comprehensive insurance solutions to BOI's customers, ensuring greater financial security. Under this collaboration, BOI customers will have access to a range of general insurance products, including health, motor, personal accident, home, and commercial insurance,...
The licensed isles will be operational on Saturday, Sunday, and Monday.
The Life Insurance Corporation (LIC) has announced that its branches will remain open this weekend and on Monday, which is a holiday due to Eid celebrations in many parts of the country. This move aims to facilitate policyholders to deposit their premium payments. As per LIC's official statement, its offices will maintain normal operating hours on March 29, 30, and 31 to avoid any inconvenience to policyholders. The decision is in line with the advisory issued by the Insurance Regulatory and...
By the end of March, LIC plans to make a strategic investment in a leading health insurance firm, according to CEO Mohanty.
Life Insurance Corporation of India (LIC) is planning to acquire a stake in a standalone health insurance company by the end of the current financial year, according to its Managing Director and Chief Executive Officer, Siddhartha Mohanty. However, he did not disclose the name of the company in which LIC is looking to invest. The discussions are reportedly in the final stage, and Mohanty is hopeful that a decision will be taken within this financial year, before March 31. LIC has a long-term...
Star Health receives a Rs 49 crore Goods and Services Tax (GST) demand from tax authorities.
Star Health and Allied Insurance Company Limited has received 25 tax demand orders from the Goods and Services Tax (GST) authorities across various states, totaling Rs 49 crore, including penalties. These demands have been issued to the company's zonal offices in seven states, including Haryana, Delhi, Maharashtra, Tamil Nadu, Telangana, and Karnataka. The alleged violations by the company include non-payment of GST on certain transactions related to coinsurance, non-disclosure of these...
Unpacking the trickle-down effects of escalating health insurance premiums on personal finances and daily routine
The article discusses the impact of rising health insurance premiums on everyday life, particularly for ordinary Indians. A survey by LocalCircles found that patients have experienced a 25% hike in their health insurance premiums, with most being in the 52% bracket. This trend has significant implications for individuals and families, making it difficult to afford health insurance policies. The article highlights the reasons behind the rising health insurance premiums, including increased...
India, First! LIC Launches Revolutionary Long-Term Bonds, Empowering Millions of Customers
The Life Insurance Corporation (LIC) of India is planning to introduce a new type of long-term bond, potentially lasting 50 to 100 years. If approved by the Reserve Bank of India (RBI), these bonds would allow investors to earn a significant payout many years after their initial investment. This concept was initially explored with a 40-year bond, but LIC is now considering a longer duration. The new bonds would provide an added benefit for investors who pass away before the bond matures,...
Bank of India and New India Assurance collaborate for insurance services through Rediff Money.
Bank of India has partnered with New India Assurance (NIACL) to offer a wide range of general insurance products to its customers, as announced on March 27. This strategic partnership aims to provide Bank of India's customers with access to a variety of insurance solutions, including health, motor, personal accident, home, and commercial insurance products offered by NIACL, a systemically important insurance company. The tie-up is intended to offer comprehensive insurance solutions under one...
Introducing a dynamic savings and protection program, designed to safeguard your future with ease.
The LIC Jeevan Tarun plan is a participating non-linked premium payment scheme designed to support parents in securing their children's financial future. The plan offers a framework for parents to achieve their dreams and their child's dreams by providing a guaranteed asset over a period of 25 years. The plan is available to parents who are between 90 days and 12 years old, with a minimum entry age of 8 years. The plan offers a range of features, including annual, half-yearly, quarterly, and...
March 29, 30, and 31 mark the reopening of our LIC offices.
The Life Insurance Corporation of India (LIC) has announced that it will keep its offices open during regular working hours from March 29 to 31 to assist policyholders with their tasks. This move is in accordance with an advisory issued by the Insurance Regulatory and Development Authority of India (IRDAI) on March 12. As a result, LIC offices under the jurisdiction of its zones and divisions will remain open for three days, ensuring that policyholders can complete their tasks without any...
IRDAI Establishes Review Committee to Examine Insurance Act Amendments
The Insurance Regulatory and Development Authority of India (IRDAI) has established a seven-member committee, led by former State Bank of India (SBI) chairman Dinesh Khara, to review key aspects of the Insurance Act, 1938 and propose amendments to the Insurance Act Amendment Bill. The committee's mandate is to review previous proposals and incorporate new suggestions, rather than propose additional amendments. The committee members are all experienced professionals from the insurance and...
Saturdays, Sundays, and Mondays will now feature extended hours at our LIC offices.
The Life Insurance Corporation (LIC) has announced that its branches will remain open during the upcoming weekend and even on Monday, which is a holiday on account of Eid in many parts of the country. This decision is aimed at facilitating policyholders to deposit their premium on time. According to an official statement, LIC's offices under the jurisdiction of zones and divisions will operate normally on March 29, March 30, and March 31, which are regular working days. This move is in line...
The Indian electric vehicle market is expected to reach a 9% market share by FY30, according to a recent report.
According to a recent report by Nomura, India's electric vehicle (EV) market is expected to reach 9% penetration by FY30. The report highlights that EV adoption in passenger cars has remained at around 2% over the past two years, but predicts a rise to 5% by FY27 and 9% by FY30. To meet future Corporate Average Fuel Efficiency (CAFE) standards and remain competitive, auto manufacturers are currently focusing on affordable, production-ready EV models. The report emphasizes that success in the...
Index-based agricultural insurance is poised for significant growth, with major players ICICI Lombard, Prudential, and Zurich leading the charge.
The report provides an overview of the current market dynamics in the Worldwide Index-based Agricultural Insurance space, including the impact of the regulatory framework, local reforms, and its effect on the industry. The study breaks down the market by revenue and volume (where applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities. The report highlights the major players in the market, including PICC, Zurich (RCIS), Chubb, QBE, China United...
Ahmedabad’s Star Health and Tata AIG hospitals have been denied permission to adopt a cashless payment system.
Several hospitals and nursing homes in Ahmedabad, India have decided to suspend cashless treatment services for Star Health and Tata AIG General Insurance, effective April 1, due to ongoing issues with claim denials, unjustified deductions, and non-renewal of tariffs. This move comes after a standoff that began in September 2023, as reported by the Economic Times. The Ahmedabad Hospitals and Nursing Homes Association, which represents the local healthcare industry, has been pushing back...
Prerak Parmar is appointed as Chief Growth Officer at Bharti AXA Life Insurance, driving innovation and expansion.
Bharti AXA Life, a leading life insurance company, has appointed Prerak Parmar as its new Chief Growth Officer. In this role, Parmar will lead the company's proprietary distribution channels, which include agency, partner offices, insurance managers, and direct distribution. Additionally, he will jointly lead revenue assurance and pricing. Parmar brings over 26 years of experience in the FMCG and life insurance sectors, with a proven track record of successfully leading multiple distribution...
The IT Department has issued a demand notice to New India Assurance, seeking payment of Rs 124.98 crore.
The Income Tax department has served a notice of demand to New India Assurance, a leading insurance company, for an amount of Rs 124.98 crore. The notice is due to an alleged discrepancy in the company's tax returns and audits. The demand is reportedly for the period between 2013-14 and 2015-16. The IT department identified certain irregularities in the company's transactions and has sought to recover the amount by issuing a notice of demand. The issue is related to a tax assessment, which was...
Five insurance brokers were sentenced to five years in prison, following the largest insurance fraud case ever uncovered, which had far-reaching consequences for the industry and its customers.
A special CBI court in Ahmedabad has convicted five individuals, including a former divisional manager of a public sector insurance company, for their involvement in a fraudulent insurance brokerage payment scheme. The scheme, which occurred between 2007 and 2010, resulted in financial losses to the government and unfairly benefited private insurance brokerage firms. The convicted individuals include Madhusudan B. Patel, the then divisional manager of United India Insurance Company Ltd....
Star Health must pay a Rs 49 crore goods and services tax demand issued by the tax authorities.
Star Health and Allied Insurance Company Limited has received 25 tax demand orders from the Goods and Services Tax (GST) authorities in several states, totaling Rs 49 crore, including penalties. The demands were issued to the company's zonal offices in Haryana, Delhi, Maharashtra, Tamil Nadu, Telangana, and Karnataka. The alleged violations include non-payment of GST on certain transactions related to coinsurance, non-disclosure of transactions in statutory returns, and failure to issue...
Following RBI’s intervention, the forex market has stabilized, but the Indian insurance giant, LIC, has taken a massive hit of around Rs 84,000 crore.
The Reserve Bank of India (RBI) recently intervened in the foreign exchange market, injecting liquidity to stabilize the currency. This move led to a significant drop in the value of Life Insurance Corporation of India's (LIC) investments, resulting in a staggering loss of approximately Rs 84,000 crore. In the first week of August, the RBI had injected around Rs 2.5 lakh crore of liquidity into the system, which helped to stabilize the foreign exchange market. This, in turn, led to a...
Star Health secures its position as India’s leading Home Health Care provider, setting a new standard in patient care.
Star Health & Allied Insurance Company, a leading health insurance provider in India, has expanded its Home Health Care (HHC) initiative to 100 locations across the country, making it the largest HHC provider in the country. The program, launched in July 2023, has served over 85% of Star Health Insurance's customer base, offering cashless doorstep medical care within 3 hours with no out-of-pocket expenses. This innovative approach has significantly improved the accessibility, availability, and...
Niva Bupa Health Insurance Discovers Cybersecurity Threat, Launches Investigation
Niva Bupa Health Insurance Company has reported an incident of a cyber threat, where an anonymous entity claims to have hacked the company's customer database. According to a regulatory filing, the company received an email from the supposed hacker, claiming to possess customer data. In response, Niva Bupa is conducting an investigation into the data leak threat and implementing measures to mitigate the risk. The company has emphasized its commitment to protecting the interests and well-being...
The Consumer Commission has directed LIC to pay Rs 12.5 lakh in an insurance claim dispute in Karnataka.
The District Consumer Disputes Redressal Commission in Shivamogga has ruled in favor of Bhagya and Nagaraj, ordering the Life Insurance Corporation of India (LIC) to compensate them for the denial of an insurance claim related to their late brother's policies. The complainants had purchased 11 insurance policies with a total sum assured of Rs. 11.5 lakhs, but when Shivu, the policyholder, passed away due to a heart attack, LIC rejected their claim, citing that he had concealed pre-existing...
Business leaders Irdai, Uday Kotak, and Keki Mistry convene to create a clear path for listing insurance companies.
The Insurance Regulatory and Development Authority of India (Irdai) has urged large insurance companies, including Bajaj Allianz Life, HDFC Ergo General, SBI General, and Kotak Life, to present a clear roadmap for listing on the stock exchange within the next two to three years. The regulator met with the company promoters, including Sanjiv Bajaj, Uday Kotak, and Keki Mistry, to discuss the matter. According to sources, Irdai insisted on meeting with promoters, as they are ultimately...
Star Health Insurance collaborates with Himachal Pradesh State Cooperative Bank to increase its outreach and footprint.
Star Health and Allied Insurance Company Limited, India's largest retail health insurance company, has announced a strategic corporate agency agreement with the Himachal Pradesh State Cooperative Bank (HPSCB). The partnership aims to increase access to health insurance in rural areas of Himachal Pradesh, where the bank has a significant presence. Anand Roy, MD & CEO of Star Health Insurance, said that the partnership with HPSCB shows their commitment to enhancing insurance penetration in rural...
Publicly traded companies and institutions, collectively owning 73% of ICICI Prudential Life Insurance Company Limited (NSE:ICICIPRULI), saw their investment valuations rise last week.
The ownership structure of ICICI Prudential Life Insurance Company Limited (NSE: ICICIPRULI) is characterized by a majority stake held by public companies, with 73% ownership. This is a significant amount of control, implying a high potential for both upside and downside risks. Institutional investors, including pension funds and mutual funds, have a 14% stake, which could also influence the company's performance. Interestingly, hedge funds do not have a significant presence in ICICI...
Introducing a Versatile Savings Plan with a Selection of Annuity Options – Further Details Available at News24
The Life Insurance Corporation of India (LIC) has introduced a new insurance product, the LIC Smart Pension Plan, which is a non-linkage, non-participating savings plan for individuals and group participants. This plan offers savings and immediate annuity functions, allowing policyholders to choose from various annuity options and receive lump-sum death benefits through periodic installments. The plan is open to individuals between 18 and 100 years old, and provides two annuity options: Single...
CDSL Arm Centrico Insurance Repository has partnered with Life Insurance Corporation (LIC) to offer innovative digital insurance services.
Centrico Insurance Repository, a subsidiary of Central Depository Services Limited (CDSL), has partnered with the Life Insurance Corporation of India (LIC) to provide digital insurance repository services. This collaboration aims to enhance paperless policy management, allowing policyholders to store and modify electronic policies. The partnership is expected to boost digital accessibility and efficiency in the insurance sector. Centrico currently partners with 43 insurers, including 23 life...
Kasturi Sengupta Appointed as Executive Director by New India Assurance
New India Assurance Company Limited (NIACL) has announced the appointment of Ms. Kasturi Sengupta as its new Executive Director on the company's board. Ms. Sengupta brings over 20 years of experience in the general insurance sector, having previously served as General Manager at National Insurance Company Limited. This appointment is expected to enhance the company's operational capabilities and leadership team, potentially impacting its market positioning positively. New India Assurance...
Religare Named New Auditors and Compliance Chief
Religare Enterprises Ltd, a financial services and insurance company, has appointed new auditors and a compliance head. The company has appointed M/s S.R. Batlibel & Co. and M/s Walker, Chandiok & Co. as its joint statutory auditors for the financial year 2023-24. The company has also appointed M/s. RPSG Transactions and its partner, Naveen Gupta, as its compliance officer. As the compliance officer, Naveen will be responsible for ensuring the company's compliance with various laws,...
Prudential and HCL Group Announce Plans for Joint Venture in Healthcare Insurance
UK-based Prudential Plc has announced a plan to establish a health insurance joint venture with Indian company HCL Group. The new business will see Prudential's UK subsidiary, Prudential Group Holdings Limited, hold a 70% stake, while Vama Sundari Investments, a promoter company of HCL Group, will hold the remaining 30%. This move comes as part of Prudential's expansion plans in India, where it has already been offering life insurance solutions since 2001 through its joint venture with ICICI...
The Manipal Health Enterprises Limited is set to acquire a 40-49% stake in ManipalCigna Health Insurance Company, valuing the company at approximately ₹3,500 crore.
Life Insurance Corporation of India (LIC) is on the verge of finalizing a deal to acquire a significant minority stake in ManipalCigna Health Insurance, a rapidly growing standalone health insurance company. This move marks LIC's entry into the domestic health insurance market, which accounts for 37% of the country's Rs 3 lakh crore general insurance market. The deal will see LIC acquire a 40-49% stake in ManipalCigna, valuing the company at Rs 3,500-3,750 crore. The transaction will also...
According to a recent report, women in smaller cities have experienced a substantial 37 percent increase in health insurance coverage, outpacing major metropolitan areas.
The adoption of retail health insurance has seen a significant increase among women in non-metro cities post-COVID-19, with a 37% year-on-year (Y-o-Y) growth from 2020 to 2024, compared to 24% growth in metro cities. According to Niva Bupa Health Insurance Company Limited, women currently account for 19% of overall policy proposers, with a significant rise in the number of women purchasing health insurance for themselves and their families, with a growth of 2.4 times since COVID-19. The...
Harsh Mariwala-backed LIC’s portfolio is poised for a breakout, making it a promising addition to your watchlist.
Harsh Mariwala, the former Chairman of Marico Limited, has significant holdings in Indian Life Insurance Corporation (LIC) Portfoy, a popular mutual fund in India. The stock has been trending upwards and is now nearing a breakout from its consolidation phase. This could be a sign of growth and profitability in the coming times. Mariwala's portfolio is managed by the Indian giant, LIC, which is known for its strong track record and consistent performance. The stock has shown resilience and has...
Kisan Krishtee Finance, a leading LIC-backed BSE Smallcap company, has expanded its ATM network by introducing UPI-based ATM machines in high-demand locations across the country.
Vakrangee Limited, a LIC-backed BSE Smallcap company, is planning to expand its ATM network by deploying 3,000 new ATMs in the fiscal year 2025-26. As part of this expansion, the company will be setting up UPI-based ATM machines, which are gaining popularity due to their simplicity and cardless cash withdrawal capabilities. This expansion is expected to benefit millions of customers, particularly those living in Tier 4 to Tier 6 cities, where access to traditional banking infrastructure...
To commemorate 25 years of their successful partnership, Kotak Life and Kaun Banega Crorepati (KBC) have joined forces under a new collaborative agreement.
Storyboard18 has evolved into the premier, multi-media destination for news and opinions that matter to the A&M (Advertising and Media) community. Since its inception, the platform has made a significant impact, becoming a go-to source for individuals, brands, and businesses looking to stay informed and ahead of the curve. Through its innovative content and properties, Storyboard18 has set the agenda and created a buzz around the issues that matter most. The platform's coverage extends beyond...
Bullerwell & Co’s client is thrilled to receive a £5,000 grant from the Aviva Broker Community Fund, benefitting the Bedford region.
Bullerwell & Co, a leading insurance brokerage firm, is thrilled to announce that one of its clients has won £5,000 in the Aviva Broker Community Fund. This prestigious award is a testament to the hard work and commitment of the client, who has demonstrated a strong sense of community spirit and dedication to making a positive impact in their community. The Aviva Broker Community Fund is a bi-annual award that recognizes and rewards individuals who are making a difference in their local...
India registers a historic low in claim rejections, a sign of improved efficiency in the insurance sector.
New India Assurance, a listed public sector insurer, has the lowest claims repudiation ratio in the insurance industry, according to the Insurance Brokers Association of India (IBAI). The company's claims repudiation ratio, which refers to the proportion of claims rejected out of the total number of claims closed, is a mere 0.2%. This is significantly lower than other insurers, with a few other notable exceptions. In the health insurance segment, New India's claims repudiation ratio is also...
According to ICICI Prudential’s Anish Tawakley, there has been an overabundance of mindboggling opportunities in Mid and Smallcap stocks.
Anish Tawakley, Co-Chief Investment Officer for Equity at ICICI Prudential Mutual Fund, believes that there are too many risks in the small- and mid-cap space, citing high price-to-book ratios and weak competitive positions of some companies. As a result, even his own small-cap portfolio has a significant allocation to large caps, which he believes offer a more favorable risk-return trade-off. Tawakley's views are supported by recent market trends, as the Nifty and Sensex have seen a sharp...
Stay ahead of the markets: Get live Religare Enterprises share price updates as of February 10, 2025, and discover why it’s making headlines.
Religare Enterprises' Stock Price Update: February 10, 2025 As of 15:55 IST, Religare Enterprises' stock price is trading with recent movements reflecting key trends across various time frames. The company's Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) have been observed, providing insights for investors. The 5-day SMA currently stands at Rs 248.03, slightly above the 5-day EMA of Rs 245.46. This indicates that the price is generally moving in the upward direction. The...
Star Health’s insurance claim settlement practices are under scrutiny by the Insurance Regulatory and Development Authority of India (IRDAI).
The Insurance Regulatory and Development Authority of India (IRDAI) has discovered lapses in the claim settlement practices of stand-alone health insurer, Star Health and Allied Insurance. This is based on an ongoing official investigation, which is expected to result in action against the insurer. The regulator has reviewed the operations of 8-10 other general and health insurers, but no action has been taken against them as of now. According to IRDAI's handbook of insurance statistics, Star...
A lone giant stands amidst a sea of minute, equally imperfect giants.
The life insurance industry in India has reported disappointing numbers for February, with Life Insurance Corp. of India (LIC) being the biggest contributor to the decline. LIC's annual premium equivalent (APE) fell by 23% year-on-year, leading to a 6% drop in the overall industry's APE. The number of policies sold in the individual segment decreased by 32% year-on-year, but the average ticket size increased by 24%, mitigating the impact on overall value. The industry's decline is attributed...
Experience the convenience of a single investment with lifelong benefits: make one payment, enjoy a lifetime of pension income.
The Life Insurance Corporation of India (LIC) offers a special scheme called the Smart Pension Scheme, designed to provide financial stability to individuals through pensions. This single-premium policy allows individuals to invest once and enjoy a lifetime pension. The scheme is suitable for people of all ages and classes, providing a steady income after retirement. It can also be opened in a joint account, ensuring the surviving spouse continues to receive a pension for life. To be eligible,...
Introducing the PNB MetLife Nifty 500 Momentum 50 Index Fund, a new investment opportunity with key details available inside.
PNB MetLife India Insurance Company Limited has launched a new index-based fund called the "PNB MetLife Nifty 500 Momentum 50 Index Fund" as an addition to its Unit-Linked Insurance Plans (ULIPs) offerings. This fund is designed to help policyholders capitalize on market momentum by tracking the performance of the top 50 high-momentum stocks within the Nifty 500 Index, enabling them to achieve their long-term financial goals and life cover. The fund is available under PNB MetLife's ULIP plans,...
New Company to Roll Out UPI-Powered ATMs Across the Country.
Vakrangee Limited, a penny stock backed by state-run LIC, is in the spotlight as it announces plans to expand its ATM network by deploying 3,000 new UPI-based ATM machines in the next financial year. The company, which is a constituent of BSE Smallcap index, currently has 6,050 White Label ATMs, with 76% of its outlets located in Tier 4 and 6 cities. As part of this expansion, the company aims to bridge the financial accessibility gap in India and strengthen its position as a key player in...
HDFC Life and Shriram Finance experience gains of over 3.5%, see the full list of top performers.
The Indian equity market continued its winning streak on March 19, with the SENSEX and NIFTY50 indices closing higher for the third consecutive day. The SENSEX gained 147.79 points, or 0.20%, to end at 75,449.05, while the NIFTY50 index rose 73.30 points, or 0.32%, to close at 22,907.60. The broader markets, including the NIFTY Midcap 100 and NIFTY Smallcap 100, outperformed their larger peers, with the former advancing 2.63% and the latter adding 2.43%. The top gainers on the NIFTY50 included...
Digital payment solutions provider teams up with a leading financial institution to launch a network of UPI-enabled ATM machines.
The article discusses a Less Invasive Cranial (LIC) surgery-backed penny stock company, which has announced plans to set up Universal Payment Interface (UPI)-based Automated Teller Machines (ATMs). The company, which is a small-cap entity, has received funding from LIC to support this venture. The UPI-based ATMs will be designed to allow customers to use various digital payment modes, including UPI, cards, and cash, to make transactions. The company plans to install the ATMs in high-traffic...
Star Health Insurance ordered to pay ₹49 crore in GST to multiple states following alleged non-compliance issues.
Star Health and Allied Insurance Co. Ltd, a private insurance company, has received 25 tax demand orders from Goods & Services Tax (GST) and Central Excise authorities across six states, totaling Rs 49 crores. The tax demands are related to alleged violations, including non-payment of GST on coinsurance transactions, non-disclosure of transactions in statutory returns, and failure to issue invoices for coinsurance services. The tax demands were issued by the authorities in Haryana, Delhi,...
Bank of India forms a strategic partnership with NIACL to offer expanded and enhanced general insurance products.
Bank of India, a leading public sector bank, and New India Assurance Co. Ltd. (NIACL), India's premier insurance company, have announced a strategic partnership to offer a range of general insurance products to Bank of India's customers. This partnership, effective March 24th, 2025, will provide Bank of India's customers with access to a variety of insurance products, including health, motor, personal accident, home, and commercial insurance, offered by NIACL. The partnership is expected to...
By the end of March, the company’s CEO is expected to make a decision about entering the health insurance market.
The Life Insurance Corporation of India (LIC) is planning to acquire a stake in a health insurance company by the end of March. According to CEO Siddhartha Mohanty, the company is not aiming to acquire a majority stake, and all possibilities are being explored. This move would mark LIC's entry into the health insurance market, where it would compete with private insurers such as Star Health Insurance, Aditya Birla Health Insurance, Niva Bupa Health Insurance, and Care Health Insurance. LIC,...
Religare Enterprises is reportedly seeking funding from the Burman family in a new strategic move.
Religare Enterprises, a prominent Indian financial services and infrastructure company, has announced plans to raise funds from the Burman family, known for their significant interests in various consumer goods and beverages companies. The company is seeking to increase its financial stability, which has been impacted by recent market conditions and the impact of the COVID-19 pandemic. Religare Enterprises is looking to infuse fresh capital to strengthen its balance sheet and accelerate its...
Bajaj Finserv has agreed to acquire a 26% stake in Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance from Allianz.
Bajaj Finserv, a leading financial services conglomerate, has announced that it will acquire a 26% stake in its joint ventures with Allianz, Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited. The acquisition is expected to enhance the company's control and influence over the joint ventures, enabling it to further accelerate growth and expansion plans. The joint ventures with Allianz have been in operation since 2001 and have been a significant...
ICICI Lombard schedules its quarterly board meeting to announce its Q4 2025 results and declare the final dividend for the fiscal year 2025.
ICICI Lombard General Insurance Company's share price surged 3.94% to ₹1,790.95 apiece on the Bombay Stock Exchange (BSE) on Monday following the announcement of its board meeting to consider dividend and financial results for the fourth quarter of FY25 and the entire financial year 2024-2025. The board meeting is scheduled to take place on April 15. The company's board will consider approving the audited financial results for the quarter and financial year ending March 31, 2025, as well as...
Indian Overseas Bank has successfully raised 1,436 crore rupees through the Qualified Initial Public Offer (QIP) route, with Life Insurance Corporation (LIC), IIFL Finance, and State Bank of India’s Pension Fund emerging as the top investors.
Indian Overseas Bank (IOB) has successfully raised Rs 1,436 crore through the Qualified Institutional Placement (QIP) route. The QIP, which was oversubscribed, received bids worth Rs 2,236 crore, indicating strong investor interest in the bank's stake sale. LIC, one of India's largest institutional investors, bagged the largest chunk of the stake, picking up 15.5% of the total shares on offer. IIFL Finance, another prominent investor, purchased 10.2% of the stake, while State Bank of India...
Top performers SBI Life, Max Financial Services, and HDFC Life are among the key stocks to keep an eye on as market sentiment undergoes a shift.
Insurance companies, such as HDFC Life, LIC India, SBI Life, and Max Financial Services, experienced significant growth last week, with their shares rising between 6-11%. This positive trend comes after a period of stagnation in the sector, which was largely attributed to uncertainty over industry regulations and slow growth in total annual premium equivalent (APE). The recent surge in insurance stocks can be attributed to a flurry of positive news in the sector, including LIC's plans to enter...
Sebi rejects Digvijay Gaekwad’s bid to participate in Religare’s open offer.
Sebi, short for Securities and Exchange Board of India, has rejected the application of Digvijay Gaekwad, a non-promoter investor, for competing in the open offer of Religare Enterprises Ltd. For the uninitiated, Religare Enterprises Ltd is an India-based private sector financial services company. In 2020, the company's majority shareholder, Malvinder Sharma (formerly its MD), and other promoters, made an open offer to acquire another 26% stake in the company. Digvijay Gaekwad, a non-promoter...
A piece is missing from the larger picture in the declining share price of New India Assurance Company Limited (NSE: NIACL).
The New India Assurance Company Limited's (NSE: NIACL) price-to-earnings (P/E) ratio of 27.5x is considered middle-of-the-road compared to the market in India, where the median P/E ratio is 26x. However, it's crucial to look beyond the P/E ratio to understand the company's earnings growth and future prospects. New India Assurance has been growing its earnings at a slower pace than its peers, which may lead to skepticism among investors. The company's P/E ratio could be a reflection of this, as...
Bajaj Finserv shares declined today following the announcement that Allianz will be exiting its joint venture with Bajaj Insurance for a whopping Rs 24,180 crore.
Bajaj Finserv shares took a hit on Tuesday, falling over 3% as the company's joint venture with Allianz, one of the world's largest insurance companies, came to an end. The French insurer has sold its 26% stake in Bajaj Allianz General Insurance Company Ltd, the Indian joint venture, to existing shareholders for a cash consideration of Rs 24,180 crore. The news sent Bajaj Finserv's shares tumbling, with the stock opening at Rs 4,275 and eventually closing at Rs 4,150, a decline of 3.04%. The...
The Odisha government is urged to expedite the issuance of Standard Operating Procedures (SOPs) for faster settlement of accident insurance claims.
The Odisha State Road Transport Corporation (OSRTC) has empanelled five leading insurance companies to provide insurance coverage to its employees and fleet. These companies are New India Assurance Co Ltd, Iffco-Tokio General Insurance, Oriental Insurance Co Ltd, United India Insurance Co Ltd, and Go Digit General Insurance. Go Digit General Insurance was the primary service provider until December 2023, but New India Assurance Co Ltd and Oriental Insurance Co Ltd have since taken over claim...
Families of J&K Bank customers find comfort and ease in prompt settlement of insurance claims.
The Jammu and Kashmir (J&K) Bank has facilitated the swift settlement of insurance claims for five families of deceased borrowers in its Mumbai zone, providing relief from financial burdens. The claims worth Rs 80 lakhs were paid under the bank's MetLoan & Life Suraksha (MLLS) product, which provides life insurance coverage to borrowers. The settlement was enabled through the bank's partnership with PNB MetLife. The event was attended by senior officials of the bank and PNB MetLife, including...
HDFC Life introduces Click 2 Achieve Par, a new advantage in a snap.
HDFC Life, a leading life insurance provider, has launched a new product called HDFC Life Click 2 Achieve Par Advantage. The product is designed to help individuals achieve their long-term goals and ensure financial security for their loved ones. The product is tailored to fit the specific needs of individuals at different stages of life, from buying a home to sending children to prestigious institutes for higher education. Aneesh Khanna, Head of Products & Segments at HDFC Life, emphasized...
PNB MetLife Launches National Campaign, Probing the Question That’s on Every Indian’s Mind
PNB MetLife India Insurance Company Limited has launched a new campaign, "Aapka aage ka plan kya hai?" (What's your plan next?), to encourage individuals to take charge of their retirement planning with confidence. The campaign, which is being promoted across TV, print, outdoor, digital, Meta, YouTube, and radio, is designed to inspire people to reflect on their aspirations and take proactive steps to secure their golden years. The campaign's central figure is the Grand Assured Income Plan...
Star Health’s offices in multiple states have received Good and Services Tax (GST) demand orders totalling Rs 49 crore.
Star Health and Allied Insurance Co Ltd has received 25 tax demand orders from various Goods & Services Tax (GST) and Central Excise authorities across six states, totalling approximately Rs 49 crore, including penalties. The alleged violations include non-payment of GST on coinsurance transactions, non-disclosure of such transactions in statutory returns, and failure to issue invoices for coinsurance services. The tax demands were issued by authorities in Haryana, Delhi, Maharashtra, Tamil...
ICICI Lombard secures a Rs 175 crore tax reprieve from the Income Tax Department.
ICICI Lombard General Insurance, a leading general insurance company, has reported a significant increase in its net profit for the quarter ended September 30, 2024. The company's net profit for the period rose by 20% to Rs 693.95 crore, compared to Rs 577.25 crore in the same period last year. The insurer's gross direct premium income, which is a key indicator of its business performance, also saw a significant uptick, increasing by 10.4% year-on-year to Rs 6,721 crore. This growth in premium...
New India Assurance and Aditya Birla Life Insurance’s Health Insurance Claim Settlements in Fiscal Year 2023
The Insurance Brokers Association of India has released data on health insurance claims paid by various insurance companies for the year ending March 2023. According to the data, New India Assurance Co. Ltd. ranked among the top players in terms of health claims paid, with an impressive 95% of claims paid. Aditya Birla Health Insurance came in second, with a claims paid ratio of 94.5%. In terms of the amount of claims paid, New India Assurance settled 98.7% of claims, while Oriental Insurance...
Before the end of March 31, the company is planning to acquire a significant stake in a prominent health insurance provider, according to CEO Mohanty.
The Life Insurance Corporation of India (LIC) is planning to acquire a stake in a standalone health insurance company by the end of the current financial year (FY25), according to its Managing Director and CEO, Siddhartha Mohanty. However, the name of the company has not been disclosed. The discussions are reportedly in the final stage, and Mohanty is hopeful that a decision will be made by the end of March 31. LIC is not planning to acquire a majority stake in the company. This announcement...
Amit Ganorkar Appointed as Managing Director and Chief Executive Officer of TATA AIG
TATA AIG General Insurance Company has announced the appointment of Amit Ganorkar as its new Managing Director and Chief Executive Officer, effective January 1, 2025. Ganorkar succeeds Neelesh Garg, who is stepping down from the position. The appointment was approved by the board of directors and followed by the receipt of all necessary regulatory clearances. Amit Ganorkar, a seasoned insurance professional with over 20 years of experience, has previously held key positions at TATA AIG,...
TATA AIG General Insurance Company appoints Amit Ganorkar as its new Chief Executive Officer and Managing Director.
TATA AIG General Insurance Company has appointed Amit Ganorkar as its new Managing Director and Chief Executive Officer, succeeding Neelesh Garg. Ganorkar has over 20 years of experience in the general insurance industry, with a focus on sales, distribution, and product development. Prior to his new role, he served as the Managing Director of Royal Sundaram General Insurance and Chief Operating Officer at TATA AIG. Ganorkar expressed his commitment to continuing the company's legacy of...
India Post Payments Bank and PNB MetLife join forces to bring life insurance coverage to every corner of the country, solidifying its commitment to financial empowerment.
India Post Payments Bank (IPPB) and PNB MetLife India Insurance Company Limited (PNB MetLife) have entered into a strategic bancassurance alliance to offer life insurance solutions to millions of individuals across India. This collaboration combines PNB MetLife's life insurance products with IPPB's network of 650 banking outlets and 110 million customers, making life insurance more accessible to every household in India. The partnership aims to promote financial inclusion and help customers...
The Insurance Regulatory and Development Authority of India (IRDAI) imposed a Rs 1 crore penalty on an insurance company for violating norms related to outsourcing.
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a fine of Rs 1 crore on Royal Sundaram General Insurance (RSGI) for non-compliance with outsourcing regulations in the financial years 2018-19 and 2019-20. The penalty followed a remote inspection by IRDAI between September 14-25, 2020, which revealed several regulatory violations. The inspection found that RSGI had made payments exceeding Rs 50 crore to vendors in FY 2019-20, but failed to disclose these in their...
The insurance giant HDFC Life has introduced a new life insurance plan, offering customers a fresh array of benefits and investment opportunities.
HDFC Life has launched a new participating life insurance product called HDFC Life Click 2 Achieve Par Advantage. This product is designed to support financial goals at different life stages, offering early liquidity, flexibility, and long-term financial security. Policyholders can customize benefits based on their needs, including the option to extend life coverage to a spouse and select a death benefit multiple of 5x, 7x, or 11x. The plan includes a Policy Continuance Benefit (PCB), which...
MetLife and India Post Payments Bank partner to provide accessible life insurance solutions to the masses.
PNB MetLife India Insurance Company Limited and India Post Payments Bank (IPPB) have formed a strategic partnerships to make life insurance solutions more accessible to millions of people across India. The alliance aims to leverage IPPB's extensive network of 650 banking outlets, serving over 110 million customers, to offer PNB MetLife's comprehensive portfolio of life insurance products. This partnership is a significant move towards achieving financial inclusion for all, as stated by PNB...
Religare’s CEO Rashmi Saluja steps down as director following an AGM vote, with the RBI affirming no reappointment is in order.
Rashmi Saluja, the executive chairperson of Religare, faced intense scrutiny and legal challenges as she presided over the company's 40th Annual General Meeting (AGM) via video conferencing. The meeting came amid a takeover battle with the Burman family, who have made a bid to acquire a significant stake in the company. The AGM was also marked by mounting allegations of financial misconduct, which Saluja denied, stating that her management team had rescued Religare from collapse and restored...
ICICI Lombard’s #GameOfLife inducted into the Impact’s Hall of Fame.
ICICI Lombard, a leading general insurance company in India, is proud to announce that its innovative "Game of Life" campaign has been featured in Impact's "Hall of Fame" - Top 50 Ads of 2024. This prestigious recognition celebrates the most impactful campaigns across industries, with ICICI Lombard being one of the few BFSI (Banking, Financial Services, and Insurance) campaigns to be recognized. The campaign, which blends the thrill of gaming with the realities of life's uncertainties,...
HDFC Life garners dual recognition at the 2023-2024 LACP Vision Awards.
HDFC Life, one of India's leading life insurance companies, has been awarded for its Integrated Report and Annual Report at the prestigious LACP Vision Awards FY 23/24. The company has been recognized for its outstanding reporting practices in both categories, winning a Platinum award for its Integrated Report and a Gold award for its Annual Report. This marks HDFC Life's sixth consecutive Platinum award for its Integrated Report and its seventh Gold award for its Annual Report. Additionally,...
The NIACL (New India Assurance Company Limited) has officially launched the recruitment process for 500 vacancies, and you can apply directly through the provided link.
The New India Assurance Company Limited (NIACL) is conducting a recruitment drive for 500 Assistant posts. The application process is open from December 17, 2024, to January 1, 2025. The Tier I (Preliminary) Online Examination is scheduled for January 27, 2025, and the Tier II (Main) Online Examination will be held on March 2, 2025. To apply for the job, candidates need to follow these steps: 1. Visit the company's website at newindia.co.in and navigate to the 'Recruitment' section. 2. Click...
Star Health received 25 tax demand orders related to coinsurance transactions.
A company has received multiple tax demand orders from various regional offices of the Additional Commissioner of Goods & Services Tax & Central Excise. The order broke down as follows: * The company's Delhi office received four tax demand orders worth a total of Rs 4.7 crore, including penalty. * The company's Maharashtra office received five tax demand orders worth a total of Rs 19.4 crore, including penalty. * The company's Tamil Nadu office received five tax demand orders worth a total of...
A businessman was sentenced to 5 years in prison and fined Rs 5.9 crore for his involvement in insurance brokerage fraud.
A special CBI court in Ahmedabad has sentenced five individuals, including a former divisional manager of a public sector insurance company, to five years in prison and a total fine of Rs 5.91 crore. The individuals, including Madhusudan B Patel, Pankaj Gupta, and Inderjot Singh, were found guilty of fraudulent payment of insurance brokerage. The case was registered by the CBI in February 2012, accusing Patel and others of issuing various insurance policies and causing loss to the government...
Rare Investment Opportunity: Secure a Lifetime Income of Rs 85,000 with Our CIS SMART Pension Plan – Learn How to Qualify, Invest, and Nominate Beneficiaries Now
The LIC Smart Pension Plan is a flexible annuity option that offers policyholders a range of payout frequencies to suit their needs. The plan allows for a minimum investment of Rs 1 lakh, with no upper limit, making it a suitable option for individuals with a significant sum to invest. One of the key features of this plan is the flexibility to choose the annuity amount and frequency, which can be tailored to the policyholder's requirements. Policyholders can choose from a range of minimum...
The Delhi High Court has disposed of a petition filed by Religare against the Securities and Exchange Board of India (SEBI) for inaction.
The Delhi High Court has disposed of a petition filed by Religare Enterprises Ltd (REL) against the Securities and Exchange Board of India (SEBI) for allegedly inaction in the matter of the company's financial irregularities. Religare Enterprises Ltd had filed a petition in the Delhi High Court in 2018, seeking directions to SEBI to take immediate action against the company's founders, including Malvinder Mohan, to stop the alleged siphoning off of funds and to take control of the company. The...
Introducing Click 2 Achieve, a new plan from HDFC Life that empowers individuals to turn their dreams into reality and achieve their goals with ease.
HDFC Life, a leading life insurer in India, has launched its new product, HDFC Life Click 2 Achieve Par Advantage, a participating product designed to cater to individuals' milestones at different life stages. The product is designed to provide flexibility, liquidity, and financial security for the future while offering a range of options to customers. The product features a Policy Continuance Benefit (PCB) option, which waives future premiums in case of the life assured's death, and provides...
The Board will make an announcement by the end of March regarding our acquisition of a significant stake in a leading health insurance company, with myself, as MD and CEO, overseeing the transaction.
Life Insurance Corporation of India (LIC) is planning to acquire a stake in a standalone health insurance company by the end of the current financial year, according to Siddhartha Mohanty, the company's Managing Director and Chief Executive Officer. The decision is contingent on regulatory approvals, which are expected to be obtained by the end of March 31. The acquisition is a natural step for LIC to diversify its portfolio and expand its presence in the insurance market. While discussing the...
The IRDA has appointed a new insurance advisory panel, comprising four members, including former heads of LIC and SBI.
The Insurance Regulatory and Development Authority of India (IRDAI) has reconstituted its Insurance Advisory Committee (IAC), appointing new members from diverse backgrounds. The IAC advises IRDAI on regulatory matters related to the insurance industry. The new members include: * MR Kumar, former chairman of Life Insurance Corporation (LIC) * Dinesh Kumar Khara, former chairman of State Bank of India (SBI) * Vishakha Mulye, CEO of Aditya Birla Capital * Nilesh Shah, MD of Kotak Mahindra Asset...
HC Stays Proceedings against PSU Insurance Company, Quashes Chennai Metro’s Notice
The Madras High Court has quashed a notice issued by the Chennai Metro Rail Limited (CMRL) to the United India Insurance Company Limited (UIICL), calling for the acquisition of a property measuring 837 square meters for its project. The UIICL had challenged the notice, and the court has allowed the petition, ruling that the notice was vitiated due to its violation of Article 14 of the Constitution and the principle of promissory estoppel. The CMRL had initially proposed to construct a metro...
Allianz sells majority stake in Bajaj Insurance, wraps up 24-year partnership in €2.6 billion deal.
Allianz, a leading global insurance company, has sold its 51% stake in Bajaj Allianz Life Insurance Company Ltd, its joint venture with Bajaj Finserv, to Bajaj Finserv for €2.6 billion. This move marks Allianz's exit from the Indian market after a successful 24-year partnership. Allianz and Bajaj Finserv formed a joint venture in 1996 to create Bajaj Allianz Life Insurance Company Ltd, which has since grown to become one of the largest private life insurance companies in India. The joint...
The introduction of the Long-Term Care (LIC) policy is poised to revolutionize India’s health insurance landscape by providing comprehensive coverage and financial support to millions of citizens.
The article discusses the potential entry of Life Insurance Corporation (LIC) into the health insurance market. If LIC enters the market, it's assumed that it would do so by buying a significant stake in an existing health insurance company, such as ManipalCigna. The author explores the pros and cons of this move. On the positive side, LIC's massive distribution network, with 14 lakh individual agents, 85 banks, and thousands of common service centers, could be a powerful channel for selling...
A joint initiative by PNB MetLife and Smriti Mandhana encourages Indians to take proactive steps towards securing a comfortable and worry-free retirement.
PNB MetLife India Insurance Company has launched a new campaign, "Aapka aage ka plan kya hai?", aimed at encouraging individuals to take control of their retirement planning and make the most of their post-retirement years. The campaign, which incorporates various media channels, urges people to reflect on their aspirations and take proactive steps to secure a financially stable retirement. The campaign's core product is the Grand Assured Income Plan (GAIN), an insurance solution that provides...
ICICI Lombard anticipates a steady capital base in the medium term.
ICICI Lombard General Insurance Company Limited, a leading insurance firm, has been recognized by AM Best, a credit rating agency, for its strong financial performance and risk-adjusted capitalization. The company's risk-adjusted capitalization is expected to remain at the strongest level in the medium term, backed by its financial flexibility and ability to raise capital. The company's investment portfolio, while moderate-risk, includes exposure to higher-risk assets such as equities and...