Zoomcar raises US$ 40 million in Series C from Mahindra, others

Bengaluru: Zoomcar India Pvt Ltd, self-drive car rental start-up, has received investment worth US$ 40 million in a Series C funding round led by Mahindra & Mahindra, as well a...

Insurance industry set to touch USD 280 bn by 2020: Vice-Prez

Hyderabad: Insurance industry in India is expected to grow to US$ 280 billion by 2020 from US$ 84.72 billion in 2017 on the back of higher economic growth, according to Mr M Venkai...

Healthcare sector revenues to grow 15% annually over next 3yrs

Mumbai: Revenues of the healthcare sector are projected to grow by 15 per cent between FY18-20 on the back of rise in health insurance coverage through government-sponsored schemes...

BSE, Ebix sign pact to set up insurance distribution network

New Delhi: India's leading bourse Bombay Stock Exchange (BSE) will set up a joint venture with Ebix Inc to build a robust insurance distribution network in the country through ...

XL Group to buy 20% stake in Mahindra Finance's insurance arm

Mumbai: XL Group will be acquiring 20 per cent stake in Mahindra Insurance Brokers Limited, thereby valuing the insurance broker at Rs 1,300 crore (US$ 200.24 million).

New India Assurance files for IPO

Mumbai: Government-owned general insurance company, New India Assurance Co Ltd (NIA), filed the prospectus for its initial public offering (IPO) on August 10, 2017 for a ...

Govt launches pension scheme with 8% guaranteed returns for senior citizens

Mumbai: Government of India has launched Pradhan Mantri Vaya Vandana Yojana for senior citizens, that provides 8 per cent guaranteed annual return.

LIC sets record on claims front, settles 99.92% cases

Mumbai: The Life Insurance Corporation (LIC) of India hits a record claim performance of 99.92 per cent settlement of death claims in FY 2016-17, as against an industry average of ...