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Tag "life insurance"

SC declines to grant interim relief in challenge to the LIC IPO

SC declines to grant interim relief in challenge to the LIC IPO

🕔12:43, 12.May 2022

The Supreme Court on Thursday declined to grant interim relief to petitioners challenging the amendments to LIC Act by Finance Act of 2021, which facilitated the LIC IPO. New Delhi, May 12 (IANS) The Supreme Court on Thursday declined to grant

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LIC once listed would result into increased transparency: Moody’s

LIC once listed would result into increased transparency: Moody’s

🕔05:15, 6.May 2022

As a listed company, LIC will face more demanding disclosure requirements, resulting in increased transparency over its operations, and encouraging it to prioritize profitable underwriting and risk management, Moody’s Investor Service said. New Delhi, May 6 (IANS) As a listed company,

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LIC assets at $463 bn exceeds the GDP of several economies

LIC assets at $463 bn exceeds the GDP of several economies

🕔14:14, 4.Jan 2022

New Delhi, Jan 4 (IANS) LIC assets at $463 billion exceeds the GDP of several economies, and it is ranked 5th globally in terms of life insurance GWP and 10th globally in terms of total assets. Its assets are 1.1 times

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Bharti Axa Life settles Rs 106 Cr as Covid related claims

Bharti Axa Life settles Rs 106 Cr as Covid related claims

🕔15:22, 29.Nov 2021

Chennai, Nov 29 (IANS) Life insurer Bharti Axa Life Insurance Company Ltd on Monday said it had paid Rs 106 crore in Covid-19 related claims during the first half of FY22. The company also said it had earned a total premium

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IRDAI’s move to risk policyholder’s data privacy, create data monopoly: Experts

IRDAI’s move to risk policyholder’s data privacy, create data monopoly: Experts

🕔12:00, 14.Sep 2021

Chennai, Sep 14  The data of millions of Indian policyholder’s — life and non-life — is to be transferred to the Insurance Information Bureau of India (IIB), a society registered under the Andhra Pradesh Societies Registration Act as per the

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IRDAI allows life insurers to send policy in electronic format

IRDAI allows life insurers to send policy in electronic format

🕔13:04, 5.Aug 2020

Chennai, Aug 5  The Insurance Regulatory and Development Authority of India (IRDAI) has allowed life insurers to issue policy bonds in electronic format during FY2020-21 owing to Covid-19 pandemic. With life insurers expressing difficulty in printing and dispatching policy documents

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Mamata announces life insurance, financial aid for Bengal farmers

Mamata announces life insurance, financial aid for Bengal farmers

🕔09:22, 1.Jan 2019

Kolkata, Jan 01  In a bid to woo farmers ahead of the New Year, West Bengal Chief Minister Mamata Banerjee on Monday announced yearly financial aid of Rs 5,000 per acre for all peasant families in the state. Banerjee also

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Reliance Life new business rises 40 percent to Rs.1,934 crore

Reliance Life new business rises 40 percent to Rs.1,934 crore

🕔10:15, 23.May 2014

New Delhi, May 23  Reliance Life Insurance, a unit of Anil Ambani-led Reliance Group, said its new business premium collection, helped by a sharp jump in individual insurance segment, rose by 40 percent to Rs.1,934 crore in the financial year

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