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Agriculture And Allied Industries

Fiscal Year:

LIC new premium doubles in June; pushes industry collection to Rs 32,241 crore

Life Insurance Corporation (LIC) registered more than two-fold rise in its new premium collection to Rs 26,030.16 crore (US$ 3.61 billion) in June 2019.

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July 16, 2019

Relaxing FDI limit in insurance intermediaries to boost distribution: Fitch

The Budget proposal of easing foreign investment limit in insurance intermediaries will strengthen distribution capabilities and increase international involvement, particularly from developed mark...

July 16, 2019

Life insurance new biz premium soars over 41% in May

Mumbai: New business premium for India's life insurance industry grew 41.15 per cent year-on-year to Rs 28,395.89 crore (US$ 4.09 billion) in May 2019.

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June 13, 2019

ICICI Prudential OFS subscribed 3.9 times; investors bid for 210 mn shares

New Delhi: ICICI Prudential’s offer for sale (OFS) which is going to fetch the company Rs 1,683 crore (US$ 233.26 million) was subscribed 3.9 times.

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March 27, 2019

Marsh raises stake in Indian JV to 49 pc

New Delhi: Global insurance broker Marsh, has raised its shareholding in its Indian joint venture to the maximum FDI limit of 49 per cent from 26 per cent.

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March 13, 2019

True North to acquire 51% stake in Max Bupa Health Insurance for Rs 511 cr

New Delhi: True North, a private equity (PE) investor, will acquire a 51 per cent stake in Max Bupa Health Insurance Company for Rs 511 crore (US$ 71.80 million).

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February 27, 2019

Life Insurance - Pradhan Mantri Jeevan Jyoti Bima Yojana; 5,67,88,890 enrolments made and Rs. 2488.44 crore disbursed under the Scheme till 31st December, 2018

New Delhi: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has received total enrolments of 56.79 million and disbursed a total amount of Rs 2,488.44 crore (US$ 350.80 million) as...

February 13, 2019

Merger of 3 PSU general insurers to be complete by FY'20

New Delhi: The Government of India is planning to conclude the merger of National Insurance Company, United India Insurance Company and Oriental India Insurance Company by 2019-20....

February 04, 2019
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