| 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.... | Business Standard | 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.... | PTI | 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).... | Business Standard | 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 of December 2018.... | Press Information Bureau | 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.... | PTI | February 04, 2019 |