Life insurance premium collection up 10.78% to Rs 36,729 Cr in Q1

Jul 11 2018

Life insurance premium collections grew by 10.78 per cent during the first quarter of the current fiscal to Rs 36,729.79 crore against Rs 33,156.16 crore during the same quarter last year, according to figures released by insurance regulator IRDAI.

RBI invites applications CEO post of National Centre for Financial Education

Jul 10 2018

RBI has invited application for the post of CEO of the NCFE, an institution set up in collaboration with other financial regulators.

No vehicle insurance without PUC certificate: Irdai

Jul 09 2018

Acting tough on those violating emission norms, Irdai has said vehicles without a valid Pollution Under Control (PUC) certificate will not be insured.

LIC's stake buy in IDBI Bank may not need Parliament nod

Jul 03 2018

The proposed 51 per cent stake purchase by insurance major Life Insurance Corporation in IDBI Bank may not require Parliament's approval as it does not require any changes in the LIC Act, sources said.

Govt using LIC to cover up its sins in the banking sector: Congress

Jul 01 2018

Congress today targeted the government over the of the Life Insurance Corporation board's decision to buy a majority stake in the ailing IDBI bank.

LIC set to get into banking as Irdai lets it snap up IDBI Bank

Jun 29 2018

The long-cherished plan of the national insurer LIC to own bank today moved closer to reality with the regulator Irdai giving a go-ahead to pick a controlling stake in the crippled IDBI Bank.

Irdai permits LIC to pick up to 51% stake in debt-ridden IDBI Bank

Jun 29 2018

Insurance behemoth LIC will acquire up to 51 per cent stake in state-owned IDBI Bank after regulator Irdai approved the plan that will help convert the debt-ridden lender into a private sector entity.

Irdai board to meet on Friday, may discuss investment limit for insurance firms

Jun 28 2018

The board of insurance regulator Irdai is scheduled to meet tomorrow amid reports that insurance behemoth LIC may pick up a majority stake in state-run IDBI Bank.

IDBI-LIC stake deal:FinMin official says boards to take a call

Jun 25 2018

Government sounded evasive about the media reports that it was planning to ask LIC to take a controlling stake in the crippled IDBI Bank.

Sebi gives nod to establishment of NCFE as a company

Jun 21 2018

Markets regulator Sebi today approved the establishment of National Centre for Financial Education (NCFE) as a firm under the Companies Act.

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