NIPPON LIFE INSURANCE
FDI hike: Prudential, other global insurers likely to hike stake in Indian JVs
“I see several foreign players taking this opportunity to hike stake,” said Ashish Vohra, CEO of Reliance Nippon Life Insurance. He cited two possible reasons – “either the domestic promoter is looking to exit, or there are profitability or solvency pressures”.
FDI cap hike in insurance may offer more fund-raising avenues to the sector
Industry CEOs and experts claim that the move will provide a fill...
Government's move to relax FDI limit for insurance a big boost for small insurers
After years of deliberation, the Indian government has incr...
IRFC raises Rs 1,390 crore from 31 anchor investors ahead of IPO
For the first time, the state owned company has made provisions for allotment to anchor investors to help garner more value for the IPO.
Top institutional investor LIC buys stake in Nippon Life AMC
Shareholder data as of December show Life Insurance Corporation (LIC) holds 90,62,231 shares, or a 1.48 per cent stake, in the company.
Bandhan promoter in talks for insurance foray
Among India's two dozen life insurance firm, DHFL Pramerica, Future Generali India Life Insurance and Reliance Nippon's promoters' stake sale plans are already in the public domain.
Reliance Capital rises 5% as deadline for bids for subsidiaries extended till Dec 17
The bids were invited for all or part of RCL's stake in subsidiaries Reliance General Insurance, Reliance Nippon Life Insurance Company, Reliance Securities, Reliance Financial Limited and Reliance Asset Reconstruction.
RNLI takes 40,000 sq ft on lease at BKC's Adani Inspire to house corporate HQ
This is the second big deal clinched by Adani Realty for the 8 lakh sq ft project in BKC, after Japanese lender MUFG took 30,000 sq ft in the commercial property on a ten-year lease. A slew of banks, finance companies and insurance players have their head offices in the BKC business district.
This fund manager says large private banks are still best among financials
Private sector banks are the way to go and among them, the large private sector banks will reap disproportionate benefits in any period of crisis, says Vinay Sharma.
Ahead of IPO, UTI AMC raises Rs 645 crore through anchor allotment
The asset manager allocated 1,16,36,124 equity shares to 67 anchor investors at the upper price band of Rs 552-554.
Income loss? Here's what insurers offer you
Agents earn commission in the wide range of 2-20 percent. LIC will likely recruit three lakh new agents this whole financial year. About one lakh agents would be recruited by insurance companies other than LIC in the rest of the financial year.
Buy insurance stocks selectively; wait for better entry points: Nippon Life AMC
‘Covid might act as a catalyst for this sector because of health awareness’
Nippon Life eyes IndusInd Bank stake
Nippon has merged or acquired several insurance and asset management companies across Asia
Insurers rework sales pitches post Covid-19
These companies have undertaken massive exercises to retrain agents to approach and convince customers to buy new policies and renew premiums entirely through digital channels such as WhatsApp or Zoom, while also rejigging sales strategies starting right from the drafts used by agents to approach prospective customers, said people aware of the developments.
Insurance looks promising, be selective in NBFCs: Vinay Sharma, Nippon Life India
Vinay Sharma, Equity Fund Manager, Nippon Life India Asset Management, says some momentum should come back in credit growth as we move forward next year. A combination of that keeps us positive on the banking sector as a whole, particularly on the corporate side of the financial sector. Edited excerpts.