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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
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