NIPPON LIFE INSURANCE
Life Insurance: What has changed during the year and how it affects you
IRDAI has further simplified both traditional and ULIP products offered by life insurers.
Nippon Life Insurance raises stake in RNAM to 54%
The open offer was part of the stake sale process.
General insurers see their profits fall 90% in FY19
The public sector general insurance firms posted a loss of Rs 3,228 crore in FY19.
5 low-rung stocks that doubled investor wealth on depressed D-Street this year
Some 23 other stocks delivered more than 50 per cent returns since the start of 2019.
Heavy crop-damage payouts likely by insurance firms
Payment for damaged rice, cotton, oilseeds, pulses, sugarcane and horticulture crops will be paid under the Pradhan Mantri Fasal Bima Yoja in which a farmer contributes only 1.5% to 2% of the insurance cost and the balance is shared by the Centre and states. Officials have estimated payout of Rs 4,000 crore in MP, and Rs 1,000 crore to Rs 1,200 crore each in Karnataka and Andhra Pradesh.
Stocks in news: Airtel, Cipla and Reliance Nippon Life
Here are the top stocks that are likely to be in focus in today's trading.Stocks in news: Airtel, Cipla and Reliance Nippon Life
SBI plan to list general insurance arm may take 3 yrs
SBI chairman Rajnish Kumar said it will take three years more to list its general insurance arm.
FDI limit in insurance companies may rise to 74%
The govt may raise the FDI limit in insurance to 74% in the February budget, up from the present 49%.
Global insurers exit $8.9 trillion coal-based investments
Coal exit policies were announced by 18 of the world’s biggest insurers controlling more than 46% of the reinsurance market and in excess of 9.5% of the primary insurance market. Most of them now refuse to insure new mines and power plants. Cover majors have ended cover for existing coal projects and adopted similar policies for tar sands.
Insurance sector in need of positive enablers, say industry leaders
The issues of underpenetration, which at less than 4.5% of the GDP is low compared to advanced economies, stems from problems of outreach rather than a shortage of demand, they said. "Demand is not as much an issue. There is a huge market. The problem is reach," said Vipin Anand, MD Life Insurance Corporation (LIC), while sharing a panel with Vibha Padalkar, MD and CEO, HDFC Life.
New life, health insurance products launched. Find out if they work for you
Some life and health insurers have rolled out ‘innovative’ products in recent months. These latest offerings are in response to Irdai tweaking norms. Find out how they rate on the utility scale. Should you be ready to pay more for new features?
Reliance Mutual Fund renamed as Nippon India Mutual Fund
Nippon India Mutual Fund becomes the largest foreign-owned AMC in India.
Bharti AXA General Insurance premium income rises 46 per cent to Rs 1,586 crore in H1
Motor, health and travel led the growth for retail channel which registered a 38 per cent increase in revenue in April-September 2019 over the same period a year ago.
DHFL bankruptcy: Irdai rules out troubles for two insurance arms; asks insurers to write off exposure
DHFL Pramerica Life, launched in 2008, is a joint venture between DHFL Investments, a wholly-owned arm of DHFL, and Prudential International Insurance Holdings of the US, has Rs 4,675 crore assets under management. DHFL General Insurance, on the other hand, is a fully-owned subsidiary of Wadhawan Global Capital, the holding company of the HDFL Group.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service