Wednesday, Dec 07, 2022

Insurance Sector

Irdai Eases Solvency Margin Requirement For Crop Business; To Unlock Rs 1,400 Crore Funds

The decision, Insurance Regulatory and Development Authority of India (Irdai) said, is part of series of reforms it has undertaken to increase insurance penetration in the country

14 June 2022

Majority Wants Insurers To Restart Sending Physical Copies Of Policy Documents: Survey

A survey by the Bombay Master Printers Association (BMPA) further indicated that over 80 per cent of the respondents want the IRDAI to intervene and direct insurance companies to provide physical copies of policy documents...

 IDBI Bank became a subsidiary of LIC with effect from January 21, 2019.

IPO-Bound LIC Wants To Remain IDBI Bank Shareholder For Bancassurance Gain

Bancassurance is an arrangement between a bank and an insurance company allowing the latter to sell its products to the bank's customers and others through the branch network.

The company is expecting the stake sale to be closed in the second half of the year

Ageas Federal Life Targets 40% Sales Growth As Ownership Issues Settle Down

After the approvals from Irdai and Competition Commission, the life insurer will become the first in the segment to have maximum foreign ownership of 74 per cent

10 June 2022

Some of Russia’s largest miners, oil companies, and metals giants have also been suspended.

UK Extends Russian Sanctions To Insurance Sector

UK Chancellor Rishi Sunak said the latest measures will limit the benefits Russian entities receive from their access to the global insurance and reinsurance market.

Aditya Birla Capital.

ICICI Bank Veteran Vishakha Mulye Takes Charge Of Aditya Birla Capital As CEO

Mulye, who was the executive director of ICICI Bank in charge of the wholesale banking portfolio, will take over her role on June 1, as per an announcement by Aditya Birla Capital to the exchanges.

24 April 2022