New Delhi: A surge in Covid-19 second wave in the country has led to the suspension of the ongoing edition of Indian Premier League (IPL). The cricket tournament has been postponed indefinitely, as at least half a dozen players and support staff from different franchises have tested Covid positive. After the developments in the last … Read more
Mumbai: The Life Insurance Corporation (LIC) of India has managed to record double-digit gr-owth in FY21 despite new business premium lagging the previous fiscal until February this year. The corporation’s chairman M R Kumar revealed on Friday that business growth for the year FY21 was 10 per cent. Figures released by the insurance regulator reveal … Read more
Compared with last two Budgets, which were record-breaking in terms of duration, this first-ever paperless Budget was precise and purposeful. No wonder, the stock market reaction has been ‘like never before’, with Nifty closing nearly five per cent higher. In a rare contraction year for the Indian economy, having witnessed de-growth only twice previously, the … Read more
New Delhi: EY Actuarial Services, Milliman Advisors and Willis Towers Watson Actuarial Advisory are in race for being appointed as the actuarial firm for the process of public listing of Life Insurance Corporation of India. The firms have made presentations to the government on Thursday, following which financial bids have been opened. A senior official … Read more
MUMBAI: Life insurers saw new business premiums (NBP) climb more than a fourth in September, pointing to a quick revival in an industry that’s crucial for helping finance long-gestation and capital-intensive assets. In September, NBP of life insurers saw a robust 26.5% increase at Rs 25,366.32 crore against the same period last year, led by … Read more
MR Kumar says the insurance behemoth may bring in outside fintechs and insurance techs to grow scale The productivity of LIC Agents and that of LIC is one of the highest in the industry. You also have the best bancassurance tieup, but you have not managed to capitalise on that.True, this is something we have … Read more
By Siddhartha Singh India is poised to hire Deloitte Touche Tohmatsu India Ltd. and SBI Capital Markets Ltd. to help Life Insurance Corp. of India prepare for an initial share sale, people with knowledge of the matter said. The advisers will help evaluate the capital structure of India’s biggest insurer as well as aid the … Read more