India Post begins to deliver Aadhar, Passport, Pension, Insurance, Jan-Dhan at the doorsteps with technologies at its command New Delhi, Feb 13: On Day 3 of AMRITPEX 2023 – National Philatelic Exhibition at Pragati Maidan, the Secretary Department for Promotion of
Mumbai, Aug 22 (IANS) LIC Housing Finance increased its Prime Lending Rate by 50 basis points on Monday. With this the new interest rates on home loans will now start from 8 per cent as against 7.50 per cent earlier. The
A total 12 applications for starting an insurance company-non-life/life/reinsurance are under various stages of processing at Insurance Regulatory and Development Authority of India (IRDAI), it is learnt. Chennai, July 9 (IANS) A total 12 applications for starting an insurance company-non-life/life/reinsurance are
Reliance Nippon Life Insurance Company has reported a 30 per cent year-on-year increase in net profit, at Rs 65 crore in FY22. New Delhi, May 11 (IANS) Reliance Nippon Life Insurance Company has reported a 30 per cent year-on-year increase in
New Delhi, Feb 21 (IANS) The Employees’ Provident Fund Organisation (EPFO) added 14.6 lakh net subscribers in December 2021, up 16.4 per cent compared to the corresponding period of the previous year. Comparison shows an increase of around 2.06 lakh in
New Delhi, Jan 2 (IANS) HDFC Life Insurance Company Limited (HDFC Life) on Saturday announced the completion of the acquisition of Exide Life Insurance Company Limited (Exide Life), subsequent to receiving all relevant regulatory approvals. Effective Saturday, Exide Life will operate
Chennai, Nov 10 (IANS) Indian non-life insurance segment closed last month on a positive note with a total premium of Rs 17,679.98 crore, said Insurance Regulatory and Development Authority of India (IRDAI). According to IRDAI, the 31-non-life insurers had earned a
New Delhi, Nov 9 (IANS) At least three private players have shown interest in participating in the strategic sale of public sector insurance companies, raising hopes that the government may advance initiation of its disinvestment this fiscal. Sources said one new
Chennai, Oct 30 (IANS) Setting the house in order, working towards its core mission of policyholder’s interest, speeding up the new company licensing process, avoiding micromanagement are some of the important tasks for the incoming Chairman of Insurance Regulatory and Development
Chennai, Oct 19 (IANS) Transparency is certainly at a premium in cash-rich Insurance Regulatory and Development Authority of India (IRDAI) that had earned over about Rs 268 crore during FY20, mostly from policyholders and has fixed deposits of over Rs 1,450
Chennai, Sep 21 Coronavirus eating into the Indian general insurance industry’s business and profits? You must be joking. The 32-player industry’s net profit last year zoomed to Rs 3,868.77 crore from a net loss of Rs 1,402.53 crore in 2019-20,
Chennai, Sep 3 HDFC Life Insurance Company Limited (HDFC Life) on Friday announced the acquisition of Exide Life Insurance Company Ltd (Exide Life) from Exide Industries Ltd for Rs 6,687 crore. The process for merger of Exide Life into HDFC
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Chennai, March 25 India’s insurance sector regulator has directed all insurers to register their template of messages with their telecom service providers to control unsolicited and fraudulent messages to policyholders. Pointing out at the menace of spam calls and messages
Chennai, Aug 22 In relief to life and non-life insurers, the Insurance Regulatory and Development Authority of India (IRDAI) on Friday announced slight change in its investment regulations. Insurers were now permitted to classify investments in preference and equity shares
New Delhi, July 22 The Centre is planning to expand its disinvestment plans and considering to bring two key sectors — banking and insurance — into the ambit of its new disinvestment policy, official sources said. A new disinvestment or
New Delhi, May 23 More than 75 percent of privately owned vehicles including two wheelers do not have insurance cover, said a committee headed by former Supreme Court judge K.S.Radhakrishnan on implementation of various laws relating to road safety, describing
Chennai, Dec 17 The year 2014 was of renewed hope with a twist for private insurers with the new central government led by the Bharatiya Janata Party (BJP) deciding to go ahead with allowing 49 percent foreign capital in the
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