Stay updated with the latest life-insurance news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on life-insurance topics.
New Delhi, Sep 16 (SocialNews.XYZ) The government has directed insurance companies to proactively undertake outreach campaigns to publicise GST reforms and pass on the benefits to policyholders. M. Nagaraju, Secretary, Department of Financial Services (DFS), chaired a meeting with senior officials of DFS, IRDAI, CMDs of public sector insurance companies and CEOs of leading private sector life and non-life insurance companies and officials from Life Insurance Council and General Insurance Counci ...Read More >
New Delhi, Sep 15 (PTI) State-owned Canara Bank on Monday said its subsidiary, Canara HSBC Life Insurance Company Ltd, has received capital market regulator Sebi's nod for its proposed initial public offering (IPO). Canara HSBC Life Insurance has received communication from the Securities and Exchange Board of India (Sebi) vide letter dated September 15 on final observations and for filing Updated Red Hearing Prospectus (UDRHP), Canara Bank said in a regulatory filing. The offer comprises an o ...Read More >
Bengaluru : As India's economy continues to expand, driven by rising consumption, increasing disposable incomes, and growing demand supported by lower interest rates, the country's leading companies -- sector leaders -- are uniquely positioned to capitalise on these emerging opportunities and shape the future of the economy. With the possibility of increased affordability through expected reductions in GST rates across a range of product categories, these companies not only drive economic growth ...Read More >
The High-range Rural Development Society (HRDS India) on Thursday signed a memorandum of understanding with divisional commissioner Jammu and divisional commissioner Kashmir for building 1,500 "smart houses" damaged during Operation Sindoor and recent floods in Jammu Kashmir. The lieutenant governor Manoj Sinha presided over the MoU signing ceremony at Raj Bhawan and lauded the endeavour of the HRDS India. HRDS India will build 1,500 free houses across the UT. These 3-bedroom houses will be de ...Read More >
New Delhi, Sep 14 (PTI) Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, is likely to be introduced in Parliament in the upcoming Winter session, Finance Minister Nirmala Sitharaman has said. The winter session of Parliament generally commences in the second half of November and concludes before Christmas. "I hope to", she told PTI when asked if the bill to further liberalise FDI in the insurance sector can be introduced in Parliament in the upcoming Winter se ...Read More >
New Delhi, Sep 14 (PTI) Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, is likely to be introduced in Parliament in the upcoming Winter session, Finance Minister Nirmala Sitharaman has said. The winter session of Parliament generally commences in the second half of November and concludes before Christmas. "I hope to", she told PTI when asked if the bill to further liberalise FDI in the insurance sector can be introduced in Parliament in the upcoming Winter se ...Read More >
In early trade today, several stocks experienced declines, with SBI leading the losses on the Nifty 50. At 09:30 am, SBI was trading at Rs 820.70, a 0.36% fall from its previous close. Other notable losers included SBI Life Insurance and Titan Company. SBI Life Insurance was trading at Rs 1,809.80, down by 0.24%. Titan Company was also down, trading at Rs 3,579.10, which represents a 0.14% decrease. Bajaj Finserv and TATA Cons. Prod experienced similar declines. Here's a detailed look into the ...Read More >
Mumbai (Maharashtra) [India], May 16 (ANI/PRNewswire): Tata AIA Life Insurance (Tata AIA Life), one of India's leading Life Insurance Companies, has introduced a more powerful version of its flagship annuity (guaranteed income for life) plan, Tata AIA Life Fortune Guarantee Pension. The new version includes some critical improvements, including higher annuity rates and death benefits, making it a must-have for the consumers to live financially independent and worry-free in their golden years. L ...Read More >
The Securities and Exchange Board of India approved reforms. These reforms relax norms for public offers and shareholding. Foreign investors will have easier market access. Real Estate Investment Trusts now have equity status. Exit load for mutual funds is reduced. There are changes to related party transactions. A new website, 'India Market Access', is launched for Foreign Portfolio Investors. Market regulator Securities and Exchange Board of India (Sebi) on Friday unveiled a series of reforms ...Read More >
MUMBAI: Sebi on Friday unveiled reforms easing minimum dilution norms for IPO-bound companies, and creating a single-window system for low-risk foreign investors like sovereign wealth funds, central banks, and retail funds, eliminating repeated paperwork.The relaxation comes amid rising foreign outflows, driven by steep US tariffs, weak earnings and rich valuations. Overseas investors have withdrawn $11.7 billion from Indian stocks and debt in 2025.It also tightened governance at stock exchanges ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russi ...Read More >
Raipur: A 30-year-old teacher was killed by Maoists in Chhattisgarh's Sukma district on Wednesday evening, police said. Laxman Barse was allegedly attacked with sharp-edged weapons by a group of Maoists in Silger village around 7.30 pm. His family members were also assaulted when they tried to intervene, a statement issued by the police said. "Further legal action is being taken by the Jagargunda police. Detailed information will be shared later," it added. "Though the motive is unclear, Maois ...Read More >
New Delhi, Aug 22 (PTI) The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation. In an office memorandum, the GST Council Secretariat said the two-day meeting will be held in New Delhi. The council, comprising finance ministers of all states and UTs besides the Centre, will deliberate on the recommendations by the three GoMs on rate rationalisation, compensation cess and health and life insurance. The Gr ...Read More >
New Delhi, Aug 20 (PTI) The Centre has proposed exempting life and health insurance premium from GST, Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary said on Wednesday. Currently, health and life insurance premium attracts 18 per cent GST. The Group of Ministers (GoM) on life and health insurance will submit its report to the GST Council. The report will also include views and concerns expressed by some state finance ministers, he said. "The Centre's proposal is cle ...Read More >
Srinagar, Aug 13 (SocialNews.XYZ) The Economic Offences Wing of the J&K Crime Branch on Wednesday carried out searches at multiple locations in Srinagar city in connection with a fake investment scam wherein high returns were promised to investors. A statement by the crime branch said, "The Economic Offences Wing (Crime Branch Kashmir) today carried out searches at multiple locations in District Srinagar in connection with case FIR No. 11/2025 under Section 420, 467, 468, 471, 120-B IPC of P/S ...Read More >
Policy designed to adjust with changing life circumstances By Jonalyn Cueto Indian insurer SBI Life Insurance announced Tuesday the launch of Smart Shield Plus, a term life insurance plan that includes coverage options designed to adjust with policyholders' changing financial situations. In a statement, the insurer has described the product as an "individual, non-linked, non-participating, pure risk life insurance" offering that provides three plan structures: Level Cover, Increasing Cover, a ...Read More >
New Delhi: The government has extended the Income Tax Return (ITR) filing deadline to September 15, 2025. This gives taxpayers more time to choose between the old and new tax regimes, depending on what suits them best. If you are a salaried employee or pensioner without business income, you can switch between regimes every year just by selecting the correct option while filing ITR-1 or ITR-2. However, if you have business or professional income, the rule is stricter. You can switch back to the ...Read More >
Mumbai: After partnering with US-based investment powerhouse BlackRock and making its official entry into the mutual fund sector of India, businessman Mukesh Ambani's Jio Financial Services Limited has joined hands with Allianz Group to dominate the reinsurance sector in India. Both companies entered the reinsurance sector through their wholly owned subsidiary, Allianz Europe BV, with a 50:50 joint venture. In its exchange filing, JFSL informed about its latest partnership, stating that it will ...Read More >
New Delhi, July 19 (SocialNews.XYZ) Delhi PWD and Water Minister Parvesh Sahib Singh on Saturday promised a complete transformation of the capital's ageing water infrastructure within a year, blaming decades-old pipelines and previous government negligence for the ongoing water crisis. During a visit to D-Block Gole Market, Gurudwara Flats in Rakabganj, and Type-II Flats in Sarojini Nagar, Singh highlighted the alarming state of Delhi's water pipelines. "There are places in Delhi where pipelin ...Read More >
Mumbai, Jul 19 (PTI) ICICI Bank on Saturday posted a 15.9 per cent jump in its consolidated net profit for the June quarter to Rs 13,558 crore compared to Rs 11,696 crore in the year-ago period. On a standalone basis, the country's second-largest private sector lender reported a net profit of Rs 12,768 crore for the quarter, up 15.5 per cent from Rs 11,059 crore a year ago. Its core net interest income increased 10.6 per cent to Rs 21,635 crore on the back of a 12 per cent domestic loan growth ...Read More >
Bengaluru: The Karnataka Commercial Tax Department has once again issued a clarification regarding the recent tax notices sent to bakeries, condiments, and tea stalls in Bengaluru. Following earlier backlash, the department had stated that traders with annual turnover below ₹1.5 crore can opt for the Composition Tax Scheme and pay only 1% tax, offering significant relief. Now, in a press release, the department reiterated that traders who have received notices should visit their respective tax ...Read More >
Hyderabad: Heritage Foods Limited, a leading Indian dairy brand, reported its highest-ever quarterly revenue of Rs11,368 million for the first quarter of FY26, registering a 10% year-on-year growth despite headwinds from unseasonal rainfall across its key markets. The company, which is celebrating 34 years of operations, attributed its strong performance to steady progress in milk procurement, resilient milk and value-added product (VAP) sales, and its continued focus on quality, innovation, an ...Read More >
New Delhi [India], July 19 (ANI): Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe BV, entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. As per the official release, the reinsurance partnership will bring together JFSL deep local expertise and robust digital footprint with Allianz strong underwriting and global reinsurance capabil ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in ...Read More >
New Delhi [India], July 19 (ANI): Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe BV, entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. As per the official release, the reinsurance partnership will bring together JFSL's deep local expertise and robust digital footprint with Allianz's strong underwriting and global reinsurance cap ...Read More >
Gadwal: The Assistant Director of the Handloom and Textile Department, Mr. Govindayya, has announced through a press release that applications are being invited from eligible handloom weavers in the district for enrollment in the Netannala Bharosa Scheme (Weavers' Assurance Scheme). Eligibility Criteria: Only handloom weavers who are actively engaged in their craft on a daily basis and have a Geo-tag Number are eligible. Applicants must be enrolled under the Thrift Fund Scheme (Pothupu Padhak ...Read More >
Kolkata: Bandhan Bank's net profit in the first quarter of FY 2026 recorded a 65% slump at Rs 372 crore compared with Rs 1,063 crore posted in the year-ago period. Partha Pratim Sengupta, MD and CEO of the bank, attributed the decline to stress in microfinance asset.Even though the bank's total business grew by 11% to Rs 2.8 lakh crore last year, a 119% rise in provisions due to write-offs and high slippages in the microfinance book brought its Q1 net profit down, Sengupta said. "The loan book c ...Read More >
New Delhi, Jul 18 (PTI) Jio Financial Services Limited (JFSL) and Allianz Group of Germany, through its wholly-owned subsidiary Allianz Europe B.V., entered into a binding agreement on Friday to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance market in India. The announcement comes months after Allianz parted ways with Bajaj group financial services firm Bajaj Finserv. The reinsurance partnership will bring together JFSL's deep local expertise and ...Read More >
New Delhi [India], July 15 (ANI): In a major push to promote healthier lifestyles and combat the rise of obesity and Non-Communicable Diseases like diabetes and heart disease among others, the Union Health Ministry has proposed to prominently display boards indicating the amount of oil and sugar content in popular snacks, such as pizzas and burgers as well as samosas, vada paav, kachori among others, in schools, offices, institutions, Departments/Offices/autonomous bodies and organisations. Als ...Read More >
MUMBAI: Second largest private sector life insurer ICICI Prudential Life has reported a 34.2% on-year growth in net income at Rs 302 crore for the June quarter driven by lower new business strains and reduction in overall expenses. The new business received premium rose 6.4% to Rs 4,012 crore, while total premium collections increased 8.1% to Rs 8,954 crore. The life insurer saw a marginal decline in the value of new business (VNB) to Rs 457 crore from Rs 472 crore in Q1. However, the VNB marg ...Read More >
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