New premium of life insurers up 27% on year at Rs 13,698 cr in Feb

Mar 13 2018

Life insurance firms reported an increase of about 27 percent in its new premium collection in February at Rs 13,698.52 crore, data from insurance regulator Irdai showed.

Suspense continues on new chairman for IRDAI

Feb 16 2018

Suspense continues in the insurance industry on who will be the next chief of the Insurance Regulatory and Development Authority of India (IRDAI).

Reinsurance regulations to be out by February end: Vijayan

Jan 19 2018

The final reinsurance regulations are due by the end of February, Insurance Regulatory and Development Authority of India (IRDAI) Chairman T S Vijayan said.

Finance Minister Arun Jaitley chairs pre-Budget FSDC meet

Dec 29 2017

Arun Jaitley chaired a meeting with financial sector regulators during which they gave proposals for the Union Budget to be presented on February 1.

Arun Jaitley to chair pre-Budget FSDC meet tomorrow

Dec 28 2017

Arun Jaitley will chair pre-Budget consultation meeting with financial sector regulators tomorrow and take stock of the economic situation.

Irdai norms allow insurers to begin offshore biz from GIFTIFSC

Dec 27 2017

Sectoral regulator Irdai has issued regulations for insurance firms to carry out offshore business from Gujarat-based GIFT International Financial Services Centre (IFSC).

Aadhaar, PAN to be linked to insurance policies by Mar 31, 2018

Dec 18 2017

India's insurance regulator extended the time to link Aadhaar number to insurance policies till March 31, 2018.

Cost standardisation in health insurance need of hour: Vijayan

Dec 18 2017

Vijayan batted for cost standardisation in health insurance, saying the cost should be comparable at least locally or within a city.

Life insurers' new premium up 6% in November at Rs 16,995 cr

Dec 12 2017

The first year premium of the life insurance companies grew by a marginal 5.8 per cent to Rs 16,994.95 crore in November, data from Irdai showed.

Non-life insurers to maintain double digit growth: Moody's

Nov 28 2017

Moody's projected a double digit growth for non-life insurance companies over the next 3-4 years as India's economic expansion would support premium growth.

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To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


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Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

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The completion period for the project is 30 months

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