BS BFSI Summit: Insurers hope amendment Bill will drive customer engagement
 

Time to open up insurance sector for 100% FDI: Irdai chief Debasish Panda
With the new regulatory framework focusing on ease of doing business, a reduced compliance burden, and a more robust and resilient risk management system through risk-based capital, risk-based supervision, and the International Financial Reporting Standard, the industry is now positioned to meet its evolving needs, said DEBASISH PANDA, chairman, Insurance Regulatory and Development Authority of India (Irdai). To fully capitalise on these changes, the industry must expand into underserved regions, developing products tailored to the specific needs of different geographies, he highlighted.

Ayushman Bharat senior citizen health insurance: Benefits and enrolment details
Taking health insurance cover is an important part of financial planning. More so in the case of senior citizens who need periodic hospitalisation, as medical bills can take away significant slices of their retirement pie. Some insurers do offer health insurance for senior citizens, but the cover backed by the government itself is generally welcome. The Centre has announced a new additional health insurance cover under the Ayushman Bharat scheme, directed specifically at senior citizens who are 70 and above. It is important to understand the features of the policy and also know the mode of enrolment for those new to availing government schemes. Read on for more.

Shriram Life posts 29% dip in H1 net profit on record volume, premium
The unlisted insurer sold 283,000 individual policies in H1 FY25, up 96 per cent. The half-year numbers were the best ever in terms of volume and premium, said the company. SLIC's individual new business annual premium equivalent (APE) grew 57 per cent in H1 FY25. The private life insurance industry grew by 24 per cent.

Shriram Life posts Rs 50 crore net profit in H1FY25
Shriram Life Insurance Company (SLIC) posted a net profit of Rs 50 crore for the first half of the current fiscal, down from Rs 70 crore in the same period last year.

LIC Q2 Results: Profit slips 4% YoY to Rs 7,621 crore
LIC Q2 Results: Life Insurance Corporation of India (LIC), the country's biggest insurer, posted a nearly four per cent fall in net profit to ₹7,621 crore during the July-September quarter of fiscal 2024-25 (Q2FY25), as it paid out more benefits than the premiums it earned.

BS BFSI Summit: 'Changes to surrender value norms in interest of customers'
 

LIC looks to buy stake in standalone health insurer by March; Q2 profit falls nearly 4%
 

Shriram Life’s individual new business premium soars 57% in H1 FY25
Shriram Life Insurance Company (SLIC), a private life insurer, on Friday said it recorded a 57 per cent increase in individual new business annualised premium equivalent (APE) for the first half ended September 30, 2024, at ₹506 crore (₹323 crore).

BS BFSI Summit: General insurance companies see signs of growth revival
 

Take private cover with Ayushman Bharat
Senior citizens above 70 years should combine Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) with a private health insurance plan for a comprehensive cover. They can use the government cover for primary hospitalisation. And for expensive treatments that go beyond Rs 5 lakh or prolonged hospitalisation, make use of a private cover.

Niva Bupa Health Insurance IPO sees tepid response on day 2
Niva Bupa Health Insurance Company Limited’s initial public offering (IPO) witnessed a muted response on its second day, with an overall subscription of 0.71 times as of November 8, 2024, 11.36 AM.

Multi asset allocation is the way to go: Union AMC's Madhu Nair
Investing doesn't have to be complex or reliant on crystal-ball prediction, says Madhu Nair, the new CEO of Union Asset Management Co. Pvt. Ltd (Union AMC), who stepped into the role in March.

MFs tighten grip on domestic stocks; FPI-DII ownership gap narrows further
 

CAMS, KFin Tech form joint venture to operate MF Central platform
Computer Age Management Services Limited (CAMS) and KFin Technologies Limited announced today the formation of a 50:50 joint venture company to operate ‘MF Central,’ their mutual fund investment management platform. The agreement was signed on November 8, 2024. The shares of Computer Age Management Services Limited (CAMS) were trading at ₹4,690.85 up by ₹53.35 or 1.15 per cent on the NSE today at 1.20 pm.

Domestic funds overtake foreign investors in market
 

BS BFSI Summit: 'Higher PE/VC funding boosts governance excellence'
Higher private equity (PE) and venture capital (VC) investment has driven governance excellence and accountability among Indian companies, leading to better valuations, heads of top PE firms said on Friday.