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).
insurance industry
March 2023
February 2023
January 2023
November 2022
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.
Buying The Right Term Insurance
How much sum assured to opt for, which insurer to select, how to buy, and what information to declare to insurers are some basic questions one should ask.
Best Performing Insurers
With firms embracing digital capabilities to offer better options, more people are looking to invest in insurance.
LIC share rises 4% as Kotak initiates coverage; sees up to 40% upside
Kotak Institutional Equities initiates coverage on LIC, with a ‘buy’ rating and target price of ₹1,000 apiece, a potential upside of 40% from the current market price.
How We Did It
Fortune India devised a two-stage methodology of quantitative and qualitative assessment to identify the top three investment options in 15 categories across mutual funds, insurance and NPS.
Max Financial gets IRDAI nod to acquire residual stake in Max Life; stock jumps 6%
Max Financial Services will acquire the additional stake in Max Life Insurance at ₹85 per share, taking total shareholding to 87%.
