The central government has infused a total of ₹5,000 crore in three public sector general insurance companies namely Oriental Insurance Company Limited (OICL), National Insurance Co. Ltd. (NICL) and United India Insurance Co. Ltd. (UICL). The individual capital infusion in Read more
Tapan Singhel reappointed as MD & CEO of Bajaj Allianz General Insurance Bajaj Allianz General Insurance has extended the tenure of its current managing director & chief executive officer (MD & CEO) Tapan Singhel for another five years. The new Read more
Bollywood actress, Vidya Balan has been appointed as the Brand Ambassador of Bharti AXA Life Insurance. Vidya will help the insurance company to further deepen its campaign “#DoTheSmartThing” Parag Raja is the managing director and chief executive officer of Bharti Read more
LIC appoints Sunil Agrawal as new CFO Sunil Agrawal has been appointed as the chief financial officer (CFO) of the Life Insurance Corporation (LIC). Prior to this, Agrawal was the CFO of Reliance Nippon Life Insurance for over 12 years. Read more
The Union Cabinet has approved an amendment to the FDI Policy to allow foreign direct investment (FDI) up to 20 percent under the “automatic route” in Life Insurance Corporation (LIC). This comes ahead of IPO of LIC. Prior to this, Read more
ICICI Lombard General Insurance has partnered with Airtel Payments Bank to offer cyber insurance to customers of Airtel Payments Bank. This Cyber Insurance policy provides financial protection to customers against potential financial fraud relating to banking, credit or debit card; Read more
As per a brand valuation report released by Brand Finance, Life Insurance Corporation has been ranked at 10th in the list of insurance brands globally. Ping An Insurance of China is at the top. LIC is the only Indian insurance Read more
Centre extends tenure of LIC Chairman M R Kumar by one year till March 2023 The government had extended the tenure of M R Kumar, the Chairman of IPO-bound Life Insurance Corporation (LIC) by one year, till March 2023. M.R.Kumar Read more
SBI General Insurance launches awareness campaign on tax saving #BahaneChhodoTaxBachao The SBI General Insurance has launched an awareness campaign titled #BahaneChhodoTaxBachao. The campaign aims to increase awareness on how people can save tax by buying health insurance . #BahaneChhodoTaxBachao will Read more
IRDAI selects LIC, GIC Re and New India Assurance as Domestic Systemically Important Insurers Insurance Regulatory and Development Authority of India (IRDAI) has chosen the following insurers as Domestic Systemically Important Insurers (D-SIIs) for 2021-22: Life Insurance Corporation of India; General Read more