News
Sunil Agrawal steps down as LIC chief financial officer effective July 14
1+ day, 1+ hour ago (129+ words) Business Standard Life Insurance Corporation of India's (LIC's) Chief Financial Officer and Key Managerial Personnel Sunil Agrawal resigned on June 24, 2026, to pursue other opportunities, according to the insurer His resignation will be effective from the close of business hours on…...
EPFO's overlooked insurance benefit can provide up to Rs 7 lakh cover
2+ week, 21+ hour ago (121+ words) Business Standard EPFO's overlooked insurance benefit can provide up to Rs 7 lakh cover EDLI scheme explained: Eligibility, claim process and payout rules decoded What is the EDLI Scheme? Who is eligible for the benefit? How much insurance cover is available?...
Life insurers' new biz premium growth slows to 10-month low of 5% in May
2+ week, 1+ day ago (117+ words) Business Standard Life insurers' new biz premium growth slows to 10-month low of 5% in May Industry NBP rose 5. 15 per cent year-on-year in May, with weak growth in group insurance premiums weighing on both LIC and private-sector life insurers More From…...
Govt directs state-run banks, insurance firms to cut costs, shift to EVs
1+ mon, 6+ day ago (263+ words) India's finance ministry directed state-run banks, insurers and financial institutions on Monday to "implement cost-cutting measures, including sharp curbs on travel "and a phased transition to electric vehicles, according to "an order reviewed by Reuters. The order, part of a…...
Bharti Enterprises to sell 75% stake in Bharti Life to Prudential
1+ mon, 1+ week ago (144+ words) Bharti Enterprises said Prudential's investment in Bharti Life will support expansion of products and distribution across India Bharti Enterprises to sell 75% stake in Bharti Life to Prudential Bharti Enterprises said Prudential's investment in Bharti Life will support expansion of products…...
Canara HSBC Life Insurance to expand tieups, says MD & CEO Anuj Mathur
1+ mon, 3+ week ago (61+ words) Canara HSBC Life Insurance plans to reduce reliance on Canara Bank as it scales alternate distribution channels and sustains growth momentum In a virtual interview with Aathira Varier, he said that while market volatility slightly impacted unit-linked insurance plan (Ulip)…...
Muted Q4 expectations, regulatory changes weigh on insurance majors
2+ mon, 3+ week ago (79+ words) Business Standard Muted Q4 expectations, regulatory changes weigh on insurance majors Insurance stocks fall up to 4% as weak March quarter outlook, geopolitical tensions and regulatory changes weigh on growth, margins and investor sentiment In its recent consultation paper, IRDAI has proposed…...
US offers $20 bn reinsurance plan to revive shipping in Strait of Hormuz
3+ mon, 2+ week ago (323+ words) Business Standard By Joe Deaux and Loukia Gyftopoulou The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic has all but stopped amid the US and Israeli attacks on Iran. The…...
Numeros Motors ties up with Royal Sundaram for rider insurance cover
3+ mon, 2+ week ago (307+ words) Business Standard Bengaluru-base Numeros Motors on Saturday announced a collaboration with Royal Sundaram General Insurance, offering a insurance package that prioritises rider wellbeing with a comprehensive blend of personal accident protection, daily hospital cash benefits, and a dedicated cancer care…...
Bajaj General Insurance launches 'NRInsure', offering 35% premium discount for NRIs
4+ mon, 1+ week ago (566+ words) Business Standard...