IRDAI exploring flexible, DIY insurance products: Debasish Panda
IRDAI is working with companies in the health insurance sector to ensure 100% cashless settlements for medical expense claims
insurance industry
September 2023
August 2023
June 2023
May 2023
March 2023
February 2023
January 2023
Millennials best prepared for retirement than other age brackets: India Retirement Index
With a retirement index of 48 points, millennials surpass others in retirement preparedness, backed by heightened awareness of financial products
Axis Bank to raise stake in Max Life Insurance by 6.23%
After the proposed transaction, Max Financial Services, which is the holding company of Max Life, will have an 80.98% stake in the insurance firm.
Govt releases draft third-party motor insurance rules
The base premium rates for motor third-party insurance cover have been proposed at ₹2,094 for private cars below 1,000 cc.
LIC shares rise 4% as Q4 profit jumps over five-fold
The country’s largest life insurer posted 447% growth in consolidated net profit at ₹13,191 crore as compared to ₹2,409 crore in the same quarter of last year.
Aditya Birla Capital sells insurance broking arm to Samara for ₹455 crore
Shares of Aditya Birla Capital rose as much as 1% to ₹149.10 on the National Stock Exchange (NSE).
InsuranceDekho raises $150 mn funding led by Goldman Sachs, TVS
The fundraising comes at a time when startups have been reeling under a funding winter.
LIC, HDFC Life shares tank as govt lifts tax exemption on high-value insurance policies
Finance Minister Nirmala Sitharaman reduced the tax exemption limit on high-value insurance policies.
PhonePe lands $350 million in funding at $12 billion valuation
PhonePe plans to invest in new businesses, including insurance, wealth management, and lending.
Budget 2023: EY India suggests nil tax on income up to ₹5 lakh under new regime
The new concessional tax regime will become attractive for the tax payers if income up to ₹5 lakh annually is exempt from taxation, says EY India.
