Indian non-life insurers log 13.65% growth in Oct, National Insurance losses over 50% premium
The Indian non-life insurance industry - including standalone health and specialised insurers - closed last month with 13.65 per cent premium growth over October 2022.
ESIC offices and hospitals launch nationwide 'Ek Tareekh Ek Ghanta Ek Saath' cleanliness drive
The Employees' State Insurance Corporation (ESIC) spearheaded a massive nationwide cleanliness drive on October 1, 2023, as part of the 'Swachhata Hi Sewa campaign.'...
Amendments approved to make India global insurance hub: IRDAI
The Insurance Regulatory and Development Authority of India has approved a series of strategic amendments to the Reinsurance Regulations for making India a global hub of reinsura...
IRDAI licences Go Digit Life Insurance to commence business
Indian insurance regulator has granted certificate of registration to Go Digit Life Insurance Limited to commence life insurance business in the country.
IRDAI transfers life insurance business of Sahara India Life to SBI Life
The Insurance Regulatory and Development Authority of India (IRDAI) on Friday ordered SBI Life Insurance Company Ltd to take over the life insurance business of Sahara India Life ...
Why Sahara India Life to go to SBI Life, not ICICI Prudential Life? Unanswered questions
For a second time and after nearly six years, the Indian insurance regulator has ordered transfer of life insurance business of Sahara India Life Insurance Company Ltd.
Not a merger, only acquisition of life insurance assets/liabilities of Sahara India Life: SBI Life
It is not a merger of two life insurance companies but only the transfer of life insurance business and policyholder assets and liabilities of Sahara India Life Insurance to it, S...
LIC leads 24 member club in terms of policies sold, premium earned
The 24 player Indian life insurance industry closed FY23 selling fewer policies than it sold in FY22, as per the data released by the industry lobby body Life Insurance Council.
IRDAI forms consultative committee on insurance investments
Indian insurance regulator has formed a 15-member consultative committee (including Chairman and Convenor) to review the regulatory framework on managing the investments in the se...
Are two insurance councils taking the regulatory role of IRDAI through RRC?
Five months after the insurance Regulations Review Committee (RRC) was set up, the sub-group to look at the regulations for the intermediaries have not met even once.
With PPT slides and without report, 4 PSU general insurers are restructured: Unions
The Central government-owned four general insurance companies are restructuring their operations based on powerpoint presentations (PPT) provided by consultancy firm EY and withou...