| 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 income.... | PTI | May 14, 2018 |
| 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.... | Livemint | May 10, 2018 |
| Cabinet approves doubling of investment limit for senior citizens from Rs. 7.5 lakh to Rs.15 lakh under Pradhan Mantri Vaya Vandan Yojana (PMVVY) New Delhi: Investment limit for senior citizens under the Pradhan Mantri Vaya Vandan Yojana (PMVVY) has been increased from Rs 750,000 (US$ 11,250.5) to Rs 1.5 million (US$ 22,501) with the aim of improving financial inclusion and social security.... | Press Information Bureau | May 03, 2018 |
| 121 crores released towards Government of India co-contribution in Atal Pension Yojana (APY); Total number of subscribers registered under APY as on 12th April 2018 has crossed 97.60 lakhs New Delhi: The Government of India has released Rs 120.92 crore (US$ 18.43 million) as FY 2016-17 co-contribution to the Atal Pension Yojana (APY) and the subscriber base under the scheme has crossed 9.76 million as of April 12, 2018.... | Press Information Bureau | April 17, 2018 |
| KKR, Standard Chartered may invest in Max Life to fund acquisition plans Mumbai: Max Financial Services is going to raise Rs 5,000 crore (US$ 769.98 million) from KKR Capital Markets India, Standard Chartered Bank, TPG Global LLC and other co-investors to make an acquisition.... | Livemint | April 10, 2018 |