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News

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scanx.trade > stock-market-news > companies > canara-hsbc-life-fined-1-crore-irdai-misselling > 50601563

Canara HSBC Life fined ₹1 crore by IRDAI over misselling

3+ day, 19+ hour ago   (493+ words) Canara HSBC Life Insurance Company Limited received a penalty order from the Insurance Regulatory and Development Authority of India (IRDAI) on September 10, 2026. The regulator imposed a fine of ₹1 crore following an investigation into allegations of policy misselling. The penalty stems…...

scanx.trade
scanx.trade > stock-market-news > companies > lic-q1-results-net-vnb-surges-61-yoy-to-3-136-crore > 48086231

LIC Q1 Results: Net VNB surges 61% YoY to ₹3,136 crore

1+ week, 1+ day ago   (654+ words) Life Insurance Corporation of India reported a 61.32% YoY surge in Net VoNB to ₹3,136 crore for Q1FY27, with margins expanding to 22.9%. Full-year FY26 IEV reached ₹7,89,185 crore, supported by strong ANW growth of 41% to ₹1,69,605 crore, despite a dip in VIF. Rural penetration hit 53.26%, and…...

scanx.trade
scanx.trade > stock-market-news > companies > irdai-approves-vibha-padalkar-s-re-appointment-md-ceo-hdfc-life > 48684454

IRDAI approves re-appointment of Vibha Padalkar, Niraj Shah at HDFC Life

3+ week, 4+ day ago   (523+ words) IRDAI has approved the five-year re-appointment of Vibha Padalkar as MD and CEO and Niraj Shah as ED and CFO at HDFC Life Insurance. The appointments follow board recommendations and shareholder approval at the July 2026 AGM, ensuring stable leadership for…...

scanx.trade
scanx.trade > stock-market-news > companies > lic-launches-new-bima-jyoti-savings-plan-for-domestic-market > 47663504

LIC launches New Bima Jyoti savings plan for domestic market

1+ mon, 6+ day ago   (388+ words) Life Insurance Corporation of India launches LIC's New Bima Jyoti, a Non-Par, Non-Linked individual savings plan for the domestic market, effective August 10, 2026. The disclosure was filed with stock exchanges under SEBI Regulation 30. The product is designed for the domestic market…...

scanx.trade
scanx.trade > stock-market-news > companies > bajaj-finserv-latest-results-bajaj-life-new-business-up-20-yoy-to-1-386-crore > 47624676

Bajaj Finserv Insurance Units Report Strong Growth: Life Up 20.4%, General Up 13% YoY

1+ mon, 1+ week ago   (518+ words) Bajaj Finserv reported strong July 2026 performance across its insurance subsidiaries. Bajaj Life Insurance new business grew 20.40% YoY to ₹1,386.17 crore, with cumulative new business reaching ₹5,062.96 crore. Bajaj General Insurance gross direct premiums rose 13% YoY to ₹2,375 crore, with cumulative premiums at ₹8,143 crore....

scanx.trade
scanx.trade > stock-market-news > companies > jammu-kashmir-bank-signs-corporate-agreements-with-sbi-life-and-hdfc-life > 44552897

Jammu and Kashmir Bank signs bancassurance pacts with SBI Life and HDFC Life

2+ mon, 1+ week ago   (447+ words) Jammu and Kashmir Bank signed corporate agency agreements with SBI Life Insurance Company Limited and HDFC Life Insurance Company Limited on July 2, 2026, effective immediately. The agreements allow the bank to service and solicit insurance products through its branch network, functioning…...

scanx.trade
scanx.trade > stock-market-news > companies > axis-max-life-exercises-call-option-to-redeem-inr-496-crore-ncds > 44435735

Axis Max Life exercises call option to redeem INR 496 crore NCDs

2+ mon, 1+ week ago   (520+ words) Axis Max Life Insurance will redeem INR 496 crore worth of NCDs on July 31, 2026, after exercising the call option five years from the date of allotment. The 7.50% coupon securities will be redeemed at par, with the record date set for July…...