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News
IRDAI Approves Patanjali's ₹4,500 Crore Magma General Insurance Deal; Baba Ramdev's Firm Enters Insurance Sector
11+ hour, 15+ min ago (466+ words) IRDAI has approved Patanjali Ayurveda and the DS Group's acquisition of Magma General Insurance from the Aadar Poonawalla Group's Sanoti Properties and other existing shareholders, including Celica Developers and Jaguar Advisory Services. According to the company's stock exchange filing, the…...
Life insurance grew 2.5x in decade, major reforms on horizon: IRDAI
1+ mon, 15+ hour ago (334+ words) Though the rollout of the Bima Sugam platform is running slightly behind schedule, Seth mentioned that the final integration of products by September end is poised to alter the distribution landscape. Crucially, the Bima Sugam model does not depend on…...
Regulatory uncertainty hits India's life insurance sector: Report
1+ mon, 1+ week ago (480+ words) Asianet Newsable...
Home Loan Insurance Adoption in India Surges 7-Fold in Last 5 Months
1+ mon, 3+ week ago (466+ words) Asianet Newsable Home Loan Insurance Adoption in India Surges 7-Fold in Last 5 Months Home loan insurance adoption in India has surged nearly sevenfold in the last five months. A Policybazaar report shows a growing trend among borrowers to protect their…...
Mahindra Manulife Insurance incorporated; a new digital-first insurer
1+ mon, 4+ week ago (294+ words) Asianet Newsable Mahindra Manulife Insurance incorporated; a new digital-first insurer Mahindra Manulife Insurance Limited has been incorporated as a 50:50 joint venture. The new entity will be a customer-first, AI-native, and digitally led life insurer, combining Mahindra's reach with Manulife's global…...