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Help policyholders get uninterrupted coverage: Irdai to general insurers

The non-life insurers decided to give a one-time relaxation to policyholders whose property has remained un-occupied and who are at risk of losing their coverage due to lockdown

NBFCs ask FM to offer credit guarantees to banks on loans extended by them

Industry has also pitched for SPV with initial funding from govt, to help refinance small and mid-sized NBFCs

Motor, health segments see substantial fall in March for non-life insurers

Motor segment saw a 7 per cent decline in premiums, while health registered an 11 per cent decline in premiums

Axis Bank set to acquire 29% stake in Max Life Insurance for Rs 1,592 crore

Axis is looking to purchase around 55.61 crore shares of Max Life Insurance at a price of Rs 28.61 per share, but the estimate will change basis the date when the deal is closed

Axis Bank reports Rs 1,878-crore pre-tax loss in Q4 on Covid-19 provisions

the bank reported a 17 per cent increase in its operating profit at Rs 5,851 crore in the March quarter

Insurance brokers call for securing coverage of properties in lockdown

Insured property should not remain unoccupied for a period exceeding 15 days or 30 days, policy coverage rule say

Axis Bank to buy 29% in Max Life Insurance, raise its total stake to 30%

After the completion of a series of transactions, Max Life will become a 70:30 joint venture between MFS and Axis Bank

IndusInd Bank's Q4 a mixed bag: NII up 45%; pre-tax profit falls 22%

Net interest income up 45% YoY; pre-tax profit falls 22%

New premium business of LIC rises 25% in FY20, market share up 1.2%

In FY20, premiums from LIC's pension and group schemes clocked Rs 1 trillion mark

Kotak Mahindra Bank plans to raise Rs 7,500 cr via sale of equity shares

Private lender board approves proposal to issue 65 million new shares.

Bombay HC quashes criminal charges against ex-IFIN auditor Deloitte & KPMG

Grants govt eight weeks' time to appeal in Supreme Court despite opposition from the auditor's lawyers

Health premiums maybe paid in instalments: Regulator tells insurers

Option can be a permanent feature of health policies or can be a temporary relief for policyholders for 12 months

Reopening of services to depend on permission from local authorities: NBFCs

Although the government has allowed NBFCs, HFCs to start operations, they have not allowed resumption of operations in hotspots and have also not permitted field activities

HDFC Banks' PBT rises 2.5% to Rs 9,174 crore; makes higher provisions

It had reported a pre-tax profit of Rs 8,954.38 crore in the same period last financial year (Q4FY19).

Covid-19 impact: Non-life insurers' premium collection falls 10.7% in March

In absolute terms, premium collected by general insurers was close to Rs 1.89 trillion in FY20, against Rs 1.69 trillion in FY19

NBFC association to RBI: One-time loan restructuring need of the hour

FIDC has asked the central bank to extend the facility to all customer loans

Covid-19 woes: NBFC sector staring at another bout of liquidity challenge

Most banks are yet to decide on giving moratorium to shadow lenders

Fighting Covid-19 crisis: LIC customers get more time to pay premium

LIC has said all death claims related to Covid-19 would be treated on a par with other causes of death and payments would be made on an urgent basis

Non-Life insurers' underwriting losses rise on higher claims, competition

Intense competition, frequency of catastrophes and higher claims are some of the reasons behind the losses.

Irdai grants exemptions to merged banks on corporate agency matters

Irdai has said the acquiring bank can retain the existing certificate of registration (COR) to act as a corporate agent and surrender the COR's held by the acquired banks