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LIC new premium more than doubles in June; pushes industry collection to Rs 32,241 cr

The country's largest life insurer LIC witnessed more than two-fold rise in its new premium collection to Rs 26,030.16 crore in June.

Merger of non-life PSUs on cards?

The finance bill proposes to replace the section that says “there will be four companies” with “there will up to four companies”.

Budget 2019: Government raises FDI limit to insurance cos

The announcement is set to bring capital for companies investing in technology solutions which is to help Indian insurance sector achieve better penetration rates.

IMG to discuss merger of state-run insurance companies

The initial plan, announced in the FY19 budget, had been to merge Oriental Insurance Company, National Insurance Company and United India Insurance Company – all unlisted entities – into one entity.

Bajaj Allianz Life expects biz from pension to jump to 15-18% in FY'20

Pension currently contributes mere one per cent now in the total first premium income.

Max Bupa in pact with MobiKwik for health insurance

Bite-sized insurance offerings, which are essentially easy to buy, over the counter health insurance products, are picking up pace in India.

LIC cuts 2 per cent stake in Axis Bank

LIC sold 5,25,06,202 shares through open market, the filing said without disclosing the sale value.

Insurers to make available standalone 'own damage' motor policy from September 1

Consequently, the issuance of bundled policies for cars and two-wheelers will not be compulsory from September 1, the Insurance Regulatory and Development Authority of India (Irdai) said.

Government mulls various options for consolidation of PSU general insurers

The consolidation in the public sector general insurance companies is part of disinvestment strategy.

Rain-hit ICC World Cup matches to cost insurers Rs 180 crore

The claims are for losses to television broadcasters who have already paid ICC for broadcast rights and have now lost on advertising revenue.

Bharti AXA General premium income surges 29% to Rs 2,285 cr in FY19

Bharti AXA General premium income surges 29% to Rs 2,285 cr in FY19

The company also achieved 22 per cent growth in retail business to Rs 1,392 crore in FY19 from Rs 1,138 crore in FY18.

Next on the agenda: Mega state-run general insurer like LIC

Next on the agenda: Mega state-run general insurer like LIC

Talks on to create mega single insurer; plan to merge United, Oriental and National underway.

Ficci for increasing FDI cap in insurance to 74%

Ficci for increasing FDI cap in insurance to 74%

It said that in the insurance sector, FDI cap can be increased from 49 per cent to 74 per cent.

Artificial Intelligence, Machine Learning will help disrupt insurance models: Girish Kannali, Infogain

Artificial Intelligence, Machine Learning will help disrupt insurance models: Girish Kannali, Infogain

​​In an e-mail interaction Infogain's Girish Kannali discusses innovations in the insurance sector and more.

HC imposes Rs 10 lakh cost on Policybazaar for concealing facts to obtain interim order

HC imposes Rs 10 lakh cost on Policybazaar for concealing facts to obtain interim order

Acko claimed that Policybazaar was using its name as a keyword and therefore, its website was showing up as a sponsored link whenever someone was searching for 'Acko'.

Government may use acquisition route for general insurers

Government may use acquisition route for general insurers

An acquisition of government shares in the other two entities will also help the Centre raise some funds and bolster its disinvestment corpus.

INSURE STOCKS
NSE
BSE

Company NameLatestChange%ChangeVolume
Nifty Bank29770.35-660.25-2.160
HDFC Bank2375.65-36.25-1.52234807
State Bank of India356-7.65-2.122213173
State Bank of Bikaner and Jaipur771.857.550.99216408
State Bank of Travancore608.758.051.341331860
Kotak Mahindra Bank1498.9-39.35-2.562094229
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