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Indian Bank plans entry into life insurance, soon to seek board nod: MD
1+ hour, 28+ min ago (415+ words) Kumar said identifying the right partner would be a crucial part of the exercise, as a strong partner can help accelerate wealth creation Indian Bank's plans to enter the life insurance and asset management segments are progressing as planned, and…...
BS EDIT: Sale and return
1+ mon, 1+ week ago (122+ words) business-standard.com BS EDIT: Sale and return Surrenders overtake maturity payouts Life insurance surrender and withdrawal payouts accounted for 39 per cent of benefits in 2025-26, surpassing maturity payouts and signalling weak policy retention Persistency remains a key concern A rise in…...
Axis Max Life Launches Retirement Campaign, Inspiring Indians to Plan Their 'Second Innings"
1+ mon, 1+ week ago (151+ words) New Delhi [India], August 6: Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited ("Axis Max Life"/ "Company"), recently announced the launch of its retirement campaign, encouraging Indians to view retirement not as an end of professional…...
BNP Paribas Cardif to buy 26% stake in IndiaFirst Life from Warburg Pincus
1+ mon, 2+ week ago (368+ words) Business Standard BNP Paribas Cardif on Friday said it will acquire a 26 per cent stake in IndiaFirst Life Insurance from Warburg Pincus, subject to regulatory approvals Post completion of the transaction, IndiaFirst Life's shareholding will comprise Bank of Baroda's 65 per…...
Edelweiss Life reports 99.31% Claim Settlement Ratio in FY26, marking 4 years above 99%
1+ mon, 3+ week ago (360+ words) Business Standard VMPLNew Delhi [India], July 20: Edelweiss Life Insurance reported its highest-ever Claim Settlement Ratio of 99.31% in FY26, marking the 4th consecutive year its ratio has remained above 99% level The company also achieved zero claim pendency, meaning every claim received was resolved…...
HDFC Life Q1 PAT rises 12% YoY to Rs 611 cr
1+ mon, 4+ week ago (265+ words) HDFC Life Insurance Company reported standalone net profit of Rs 611.19 crore in Q1 FY27, up 11.89% as against Rs 546.46 crore in Q1 FY26. Net income from investments jumped 14.1% to Rs 16,653.06 crore in Q1 FY27 as compared to Rs 14,594.99 crore posted in the same quarter last year. Profit…...
Kusumgar IPO subscribed 128.85 times
2+ mon, 2+ day ago (225+ words) The offer received bids for 147.76 crore shares as against 1.14 crore shares on offer. The issue opened for bidding on 8 July 2026 and it will close on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. An…...
Axis Max Life Achieves Highest-Ever Claims Paid Ratio of 99.8%* in FY26
2+ mon, 4+ week ago (77+ words) 1. Basis IRDAI Annual Report 2021-22 2. Basis IRDAI Annual Report 2022-23 3. Basis Audited Annual Financials 2023-24 4. Basis Audited Annual Financials 2024-25;,Claims Paid Ratio rounded off to the nearest single decimal figure +India Ke Bharose Ka Number is Axis Max Life's Brand Campaign on the…...
Life insurance premium growth slows as LIC's momentum eases in May
3+ mon, 19+ hour ago (111+ words) Business Standard Life insurance premium growth slows as LIC's momentum eases in May Industry premium growth moderated to 5.1 per cent in May as group single premiums normalised and LIC's growth slowed, though private insurers continued to gain market share More…...
West Bengal Gramin Bank & Canara HSBC Life Insurance Partner to Deepen Rural Insurance coverage
3+ mon, 2+ week ago (247+ words) New Delhi [India], May 26: Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has entered a strategic bancassurance partnership with West Bengal Gramin Bank (WBGB), one of India's largest Regional Rural Banks, marking another important milestone in the company's…...