Search result for 'bancassurance'

Bank of India partners with New India Assurance to offer a wide range of general insurance products to its customers, including health, motor, and home insurance.

IndusInd International Holdings Ltd (IIHL) has taken control of Reliance Capital, completing a three-year resolution process. The company plans to establish bancassurance ties and implement...

IDBI Bank reported a 31% surge in net profit to Rs 1,908 crore in the December quarter, driven by lower provisioning and improved interest income. The bank's gross NPA ratio also declined.

Reliance Nippon Life Insurance is in talks with IndusInd Bank for a bancassurance partnership as the IIHL and RCAP deal nears completion. The partnership is expected to expand Reliance Nippon...

IIHL aims to complete the acquisition of Reliance Capital by January 2025 and plans to expand its financial services business to USD 50 billion in 5 years.

Irdai seeks to diversify insurance policy distribution channels, urging insurers to reduce reliance on parent banks and promote digital growth.

Irdai Chairman Debasis Panda urges bankers to prioritize their core roles and avoid mis-selling of insurance products. He emphasizes the need for a balance in bancassurance, ensuring that insurance...

LIC's CEO advocates for collaboration with telecom, e-commerce, and fintech to expand insurance reach, particularly in rural areas. He emphasizes the need for digital technologies and regulatory...

Bandhan Life Insurance partners with Bandhan Bank to distribute life insurance products, aiming for Rs 300 crore in premium in the first year. The company plans to expand its distribution network...

AU Small Finance Bank and United India Insurance have partnered to offer general insurance solutions to customers across India, including motor, personal accident, and crop insurance.

Bajaj Allianz General Insurance and HSBC India have partnered to offer insurance products and services to the bank's customers in India, providing personalized solutions and enhanced financial...

Star Health and Allied Insurance Company reports a strong 18% rise in Gross Written Premium for Q1 FY25, reaching Rs 3,476 crore. The company also saw growth in investments and underwriting profit.

SBI Life Insurance reported a 36.48% YoY growth in net profit to Rs 520 crore for the June 2024 quarter, driven by strong new business premium and AUM growth.

Jana Small Finance Bank has partnered with SBI General Insurance to sell non-life insurance products through its network. The bancassurance partnership will facilitate the distribution of insurance...

ESAF Small Finance Bank partners with Edelweiss Tokio Life Insurance to extend financial security to unbanked and underbanked populations through innovative life insurance products.

IDBI Bank reported a 57% jump in net profit to Rs 1,458 crore in Q3 FY24, driven by lower provisioning and improved interest income. Gross NPA ratio improved to 4.69%, while net NPA declined to...

A new regulatory proposal to increase surrender value of life policies could significantly impact the margins of insurers. The report highlights the impact on different insurers and the potential...

Ageas Federal Life Insurance expands its distribution network through a partnership with NKGSB Co-operative Bank, offering insurance products through Bancassurance.

LIC plans to launch a new insurance product for rural areas, focusing on 'Insurance For All' by 2047. The insurer is also undergoing a digital transformation project to enhance customer experience.

Life Insurance Corporation (LIC) plans to establish an office in GIFT City during the current fiscal year to expand its global business operations. This move will strengthen LIC's international...

LIC plans to keep a stake in IDBI Bank to leverage bancassurance benefits. The government and LIC will divest a portion of their shares, but not completely.

LIC is exploring the possibility of setting up a fintech arm as part of its digital transformation initiative, aiming to enhance customer experience and expand its business.

Irdai sets up a task force to increase bank participation in insurance product distribution, aiming to improve access and address concerns about mis-selling.