Insurance News

News Reports: Govt nudging LIC to change product strategy in order to increase profitability

Since Life Insurance Corporation (LIC) debuted on stock exchanges on May 17, it has been trading below the issue p...

India Infoline News Service | Mumbai 07:35 IST | October 27, 2022

LIC increases stake in IRCTC to 5.005%

IRCTC an extended arm of the Indian Railways involved in upgradation, professionalization and managing the caterin...

India Infoline News Service | Mumbai 09:18 IST | October 19, 2022

LIC pares 2.028% stake in Tata Chemicals

LIC has decreased its shareholding from 7.091% to 5.063% of the paid-up capital of the company....

India Infoline News Service | Mumbai 09:22 IST | October 18, 2022

Max Life Insurance agrees to pay Rs3 crore penalty imposed by IRDAI

IRDAI alleges non-compliance with certain terms of its approval granted....

India Infoline News Service | Mumbai 09:19 IST | October 17, 2022

ICICI Prudential Life Insurance's PAT down y-o-y by 55% in September quarter

Compared to the same period last year, the net profit was Rs199.5 crore as opposed to Rs445 crore. For the quarter...

India Infoline News Service | Mumbai 08:00 IST | October 17, 2022

HDFC Life Insurance gets IRDAI approval to merge Exide Life; stock gains ~1%

The Insurance Regulatory and Development Authority of India (Irdai) has given its final clearance to the scheme of...

India Infoline News Service | Mumbai 11:15 IST | October 14, 2022

Medi Assist plans to acquire 100% stake in Medvantage Insurance TPA

According to industry experts, the sale is estimated to be worth about Rs35 crore....

India Infoline News Service | Mumbai 09:54 IST | September 26, 2022

Tata Elxsi joins Digital Therapeutics Alliance; stock slips ~1%

"Our partnership with DTA offers a once-in-a-lifetime chance to accelerate global digital therapies research and u...

India Infoline News Service | Mumbai 13:19 IST | September 23, 2022

ICRA reaffirms ICICI Lombards issuer rating at ICRA AAA; stock skids ~1.5%

The outlook on the long-term rating has been reaffirmed as 'Stable'....

India Infoline News Service | Mumbai 13:02 IST | September 21, 2022

M&A deals along with new entrants may continue to boost insurance industry growth, ET report

The sector's recent advancements and the Mumbai National Company Law Tribunal's (NCLT) decision to permit the merg...

India Infoline News Service | Mumbai 09:09 IST | September 19, 2022

Neerja Kapur assumes charge as Chairman & MD of New India Assurance

As a result of this appointment, Madhulika Bhaskar's time as a Director on the Company's Board of Directors comes ...

India Infoline News Service | Mumbai 09:42 IST | September 13, 2022

IRDAI allots insurance broking license to Lords Mark Insurance

Lord's Mark Industries pins its entry into the insurance market with the direct broking license....

India Infoline News Service | Mumbai 12:44 IST | September 09, 2022

LIC launches new pension plus plan for customers

The category of the new plan is Unit-Linked, Non-Participating, Individual Pension Plan....

India Infoline News Service | Mumbai 14:11 IST | September 06, 2022

IRDAI advocates for universal, affordable health insurance

Debasish Panda spoke at the "Health Insurance Summit 2022" and suggested that high operating and distribution cost...

India Infoline News Service | Mumbai 08:04 IST | September 01, 2022

Edelweiss General Insurance collaborates with Ayushman Bharat Digital Mission

The 14-digit ABHA (Ayushman Bharat Health Account) number enables consumers to exchange and access their digital h...

India Infoline News Service | Mumbai 07:42 IST | August 24, 2022