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General insurers log Rs 17,679 crore premium in Oct

General insurers log Rs 17,679 crore premium in Oct

🕔13:26, 10.Nov 2021

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

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Pvt insurers evince interest in strategic sale, raise hopes of starting process soon

Pvt insurers evince interest in strategic sale, raise hopes of starting process soon

🕔17:26, 9.Nov 2021

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

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The new IRDAI Chairman has crucial tasks to handle

The new IRDAI Chairman has crucial tasks to handle

🕔14:46, 30.Oct 2021

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

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Transparency is at a premium in IRDAI

Transparency is at a premium in IRDAI

🕔07:49, 19.Oct 2021

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

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Zooming profits for general insurers in FY21

Zooming profits for general insurers in FY21

🕔19:34, 21.Sep 2021

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,

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HDFC Life to acquire Exide Life for Rs 6,687 Cr

HDFC Life to acquire Exide Life for Rs 6,687 Cr

🕔12:14, 3.Sep 2021

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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Discussion on Insurance with subject expert Anurag Khurana

Discussion on Insurance with subject expert Anurag Khurana

🕔21:19, 11.Apr 2021

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IRDAI directions for insurers on fraudulent calls

IRDAI directions for insurers on fraudulent calls

🕔11:00, 25.Mar 2021

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

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IRDAI slightly tweaks dividend criteria for investments

IRDAI slightly tweaks dividend criteria for investments

🕔07:13, 22.Aug 2020

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

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Centre mulls disinvestment in banking, insurance sectors

Centre mulls disinvestment in banking, insurance sectors

🕔07:14, 22.Jul 2020

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

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Three-fourth of of private vehicles not insured: SC panel

Three-fourth of of private vehicles not insured: SC panel

🕔11:41, 23.May 2015

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

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A year of hope with a twist for insurers

A year of hope with a twist for insurers

🕔14:26, 17.Dec 2014

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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