Page 38 - Insurance News

BS Insurance Round Table: Real challenge is how to run NHPS, says expert

Heads of leading insurance companies came together to share their views on the sector

Cash-rich PSU general insurer may be asked to buy out smaller ones

In the 2018-19 Budget, FM Jaitley proposed merging three public sector general insurance companies into one single insurance entity

Looking at Ulips due to LTCG tax? Mutual funds still the best long-term bet

The Union Budget 2018 has imposed an LTCG tax of 10 per cent on investors in stock markets who sell their shares after one year

BS Insurance Round Table 2018: Govt's health scheme needs realistic pricing

Discussions around the health insurance scheme were the major talking point at the Round Table, considering the scale and ambition of the project

SBI Life Insurance Q3 standalone net rises 21% to Rs 2.3 billion

SBI Life said the increase in net premium income was primarily due to increase in retail new business premium and also due to increase in renewal premium from retail business

SoftBank examining ways to back online insurance aggregator PolicyBazaar

SoftBank is in talks with Indian insurance start-up PolicyBazaar without pushing foreign investment above 49%.

LIC sells over 2% stake in Merck via open market transaction; stock up 19%

Over 5.5 lakh shares of the company were traded on both NSE and BSE stock exchanges

Insurance blockchain consortium awaiting regulatory nod to grow nationally

IBM looks forward to general insurance firms coming on board

National Insurance IPO deferred to next financial year

Notably, the IPO of the companies received a lukewarm response from retail investors

Irdai permits insurance firms to begin offshore business from GIFT IFSC

For export of services, insurance companies operating from IFSC are exempted from GST

Panel suggests host of changes in life insurance sector

The panel has suggested to "lower the mandatory proportion of G-Secs' in the Life Fund and the Pension and General Annuity Funds

Non-life insurers' gross premium up 9% at Rs 10,012 cr in Nov: Irdai

As of Nov 30, 2017, the New India Assurance Co Ltd has the highest market share in the non-life insurance market at 15.6%

Life insurers' new premium up 6% to Rs 16,995 cr in November: Irdai

State-owned LIC registered a fall of over 1.5 per cent in new premium collection at Rs 12,336.53 crore during the month

Aditya Birla Health Insurance to focus on retail growth

During 2016-17 the group sales constituted 80 per cent premium income and retail the balance 20 per cent

LIC cuts stake in Bank Of Baroda to 5.19%

The public sector bank said LIC shed stake in a market sale from September 1 to November 29

Oriental Insurance to list on bourses in FY19

Oriental Insurance, which had seen its solvency ratio go below the mandatory level of 150%, has improved it to 152% for half year ending September 2017

LIC may get Irdai breather on 15% investment cap in public sector banks

Move to help government's recap plan

SBI Life bets on metals, oil and gas sectors for investment growth

SBI Life is a joint venture between top Indian lender State Bank of India and BNP Paribas Cardif, and went public last month after a $1.3 billion initial public offering

Insurance stocks become fund managers' favourites

ICICI Prudential Life Insurance Company, ICICI Lombard and SBI Life together have consumed over Rs 6,000 cr of mutual fund equity assets

Is consumer still king?

Pending cases at all-time high in district, state and national forum, touching 90% in some states