Govt mulls 100% FDI in insurance broking; insurers' cap to stay at 49%

The government is mulling permitting 100 per cent foreign direct investment (FDI) in insurance broking to give a boost to the sector, sources said.

India Post invites proposal for consultancy on setting up insurance arm

New Delhi: India Post is planning to set up a separate insurance services arm and has invited proposals to engage consultants for consultancy for the same.

Ayushman Bharat scheme to cover 55 crore people: Nadda

New Delhi: Ayushman Bharat scheme, to be launched by the Government of India for health protection, will provide coverage to about 550 million people in 107.4 million as targeted.<...

General insurance premium collection up 12.2% to Rs 37,349 Cr

Hyderabad: General insurance premium collections in India grew 12.2 per cent year-on-year to Rs 37,349.40 crore (US$ 5.44 billion) during April - June quarter 2018.

PolicyBazaar to add 2,500 new jobs in FY19

New Delhi: Insurance portal PolicyBazaar.com is expected to expand its customer base and ramp up revenues creating 2,500 more job opportunities in FY19 to take its total count of e...

LIC plans Rs 130-bn capital injection in IDBI Bank; Irdai may ease 15% rule

Mumbai: Insurance Regulatory and Development Authority of India (IRDAI), India's insurance regulatory body, is expected to soon approve purchase of a considerable stake in IDBI...

Life insurers log in 4.6% growth in new premium income in Apr

Mumbai: New premium income of the life insurance industry grew 4.6 per cent year-on-year to Rs 7,280 crore (US$ 1.08 billion) in April 2018, supported by new individual premium inc...

Blackstone, Warburg vie for Max Financial stake

Mumbai: Blackstone group LP and Warburg Pincus Llc, two major global private equity firms are in talks to acquire a minority stake in Max Financial Services Ltd.