Search result for 'insurance business'

Bajaj Finserv Rebrands Insurance Businesses

October 7, 2025 19:02

Bajaj Finserv rebrands insurance businesses as Bajaj General Insurance & Bajaj Life Insurance after acquiring Allianz SE's stake.

GST on Insurance: No ITC Benefit from Sep 22

September 16, 2025 16:21

No ITC on GST for individual health & life insurance commissions from Sep 22. CBIC clarifies new GST rules & impact on businesses.

Cholamandalam Financial Holdings PAT Rs 1,259.54 cr

August 8, 2025 19:57

Cholamandalam Financial Holdings reports consolidated PAT of Rs 1,259.54 crore for April-June 2025 quarter. Total income grew to Rs 9,382.95 crore.

Future Generali India: Rs 10,000 Cr GWP Target by 2030

July 30, 2025 17:46

Future Generali India Insurance aims to reach Rs 10,000 crore gross written premium by 2030, driven by strong growth and strategic acquisitions. Read more on their ambitious expansion plan.

India's Govt Budget: No Revenue Shortfall Foreseen

July 22, 2025 16:24

India's government expects to meet its budget deficit target for 2025-26, with no revenue shortfall foreseen. Details on state finances, bank staffing, and insurance claim settlements are also...

SBI General's New Daily Cash Benefit Plan

June 30, 2025 19:34

SBI General Insurance and Starfin India launch a daily cash benefit plan for hospital stays, easing financial burden for low-income families. The plan offers coverage for illness, accidents,...

Singapore Tops India's FDI for 7th Year

June 1, 2025 10:30

Singapore retained its position as the largest source of FDI for India for the seventh consecutive year, contributing USD 15 billion in 2024-25.

LIC Q4 Profit Soars 38% to Rs 19,013 Cr

May 27, 2025 20:37

LIC's net profit jumped 38% to Rs 19,013 crore in Q4 FY25, driven by lower expenses. The insurer also announced a final dividend of Rs 12 per share and updates on its health insurer stake purchase.

Prudential & HCL Group Launch Health Insurance JV in India

March 20, 2025 09:35

UK-based Prudential plc partners with HCL Group to launch a health insurance venture in India, aiming to address growing healthcare needs and contribute to 'Insurance for All' by 2047.

IIHL Takes Control of Reliance Capital, New Board Appointed

March 19, 2025 18:44

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...

Bajaj Acquires Allianz's Stake in Insurance Businesses for Rs 24,180 cr

March 17, 2025 23:05

Bajaj Finserv acquires Allianz's 26% stake in Bajaj Allianz Life and General Insurance for Rs 24,180 crore, marking the end of a 24-year partnership.

Patanjali & DS Group Acquire Magma General Insurance

March 13, 2025 20:58

Patanjali Ayurved and DS Group have acquired Magma General Insurance from Sanoti Properties for Rs 4,500 crore. The acquisition marks Patanjali's entry into the general insurance sector.

LIC Q3 Profit Jumps 17% to Rs 11,056 Crore

February 7, 2025 19:39

LIC's net profit surged by 17% to Rs 11,056 crore in Q3 FY25, driven by a reduction in expense ratio. The insurer also saw growth in AUM and solvency ratio.

Cholamandalam Financial Holdings Q3 PAT at Rs 1,092.90 cr

February 7, 2025 17:46

Cholamandalam Financial Holdings Ltd reported a consolidated profit after tax of Rs 1,092.90 crore for the October-December 2024 quarter. Total income surged to Rs 8,592.98 crore during the quarter.

India's Insurance Market to Grow Fastest in G20 | Swiss Re

January 14, 2025 18:59

India's insurance market is projected to be the G20's fastest-growing economy over the next five years, with average premium growth of 7.3%. Swiss Re report highlights life, non-life growth drivers...

Union Budget 2025: Insurers Seek Tax Benefits & Incentives

January 14, 2025 16:20

Insurers are seeking tax benefits for buyers and incentives for selling policies in the upcoming Union Budget. They hope for measures to boost insurance penetration and make it more affordable.

Health Insurers Disallowed Rs 15,100 Cr Claims in FY24

December 30, 2024 15:49

Health insurers in India rejected claims worth Rs 15,100 crore during FY24, representing 12.9% of total claims filed, as per Irdai data. Learn more about the reasons behind claim rejection and the...

Reliance Nippon Life in Talks with IndusInd Bank for Bancassurance Tie-up

December 18, 2024 17:04

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...

Insurance Amendment Bill: 100% FDI Unlikely in Winter Session

December 8, 2024 14:38

The Insurance Amendment Bill, proposing 100% FDI, may not be introduced in the winter session due to required finetuning. It may be presented in the Budget session instead. The bill aims to...

India to Allow 100% FDI in Insurance Sector

November 28, 2024 20:35

India's finance ministry proposes to raise FDI limit in insurance to 100%, aiming to boost the sector's growth and expand insurance penetration.

Central Bank of India Enters Insurance Biz with Generali

November 22, 2024 16:39

Central Bank of India has received RBI approval to enter the insurance business through a joint venture with Generali group, forming FGIICL and FGILICL. The move follows CCI clearance of the bank's...

LIC Q2 Profit Slips 4% to Rs 7,621 Crore

November 8, 2024 17:04

LIC's net profit declined 3.8% to Rs 7,621 crore in Q2 FY24, driven by lower other income. Total income rose, while solvency ratio improved to 198%.

Shriram General Insurance to Re-enter Crop Insurance

November 5, 2024 20:22

Shriram General Insurance plans to re-enter the crop insurance market as part of its diversification strategy, aiming to increase its non-motor business contribution. The company also reported...

Insurance Conglomerates & Listing: Irdai Chairman's Call

October 22, 2024 15:15

Irdai chairman Debasish Panda encourages more conglomerates to enter the Indian insurance market and urges companies to list for greater transparency and shareholder benefits.

LIC Shares Rise 1% After Strong Q1 Profit

August 9, 2024 16:45

LIC shares gained nearly 1% on Friday after the company reported a 10% rise in net profit for the June 2024 quarter. The stock climbed 3% in early trade before settling higher.

LIC Shares Surge 3% After Strong Q1 Earnings

August 9, 2024 11:43

LIC shares climbed 3% on Friday after the company reported a 10% rise in net profit to Rs 10,461 crore in the June 2024 quarter. The company also saw a significant increase in total income and AUM.

Aditya Birla Capital Net Profit Rises 17% in Q1 FY25

August 1, 2024 20:14

Aditya Birla Capital reported a 17% rise in its consolidated net profit to Rs 759 crore in the April-June quarter, driven by growth in lending and asset management businesses.

Banking Sector Reforms: Govt to Amend Laws in Budget Session

July 12, 2024 15:33

The Indian government is expected to introduce amendments to banking laws during the upcoming Budget session to push banking sector reforms, including privatisation of public sector banks.

Irdai: No Claim Rejection for Lack of Documents

June 11, 2024 20:47

Irdai has issued a circular stating that general insurance companies cannot reject claims for lack of documents. The circular also mandates customer-centric insurance solutions, including policy...

Sundaram Finance Q4 Net Profit: Rs 386 cr

May 24, 2024 19:06

Sundaram Finance reported a net profit of Rs 386 crore for Q4 FY24, with total disbursements reaching Rs 26,163 crore. Read more about the company's financial performance and outlook.

Mahindra Finance Gets IRDAI Nod to Sell Insurance

May 22, 2024 15:02

Mahindra Finance receives corporate agency license from IRDAI to sell life and general insurance policies, enabling it to expand its services and revenue streams.

Cholamandalam Financial Q4 PAT Up 26.9% to Rs 1,143 Cr

May 10, 2024 18:30

Cholamandalam Financial Holdings Ltd reported a 26.9% growth in its consolidated profit after tax at Rs 1,143.75 crore for the March 2024 quarter.

IIHL Awaits Irdai Nod for Rs 9,650 Cr Reliance Capital Acquisition

May 5, 2024 19:01

IIHL, led by Ashok Hinduja, is awaiting Irdai approval for its Rs 9,650 crore Reliance Capital acquisition. The deal faces scrutiny due to potential FDI violations and reliance on borrowings. IIHL...

IRDAI Raises Concerns Over Hinduja Group's Reliance Capital Bid

April 7, 2024 15:30

Insurance regulator IRDAI has expressed reservations over Hinduja Group's IndusInd International Holdings' resolution plan for Reliance Capital, citing concerns about equity capital and FDI. The...

LIC Q3 Profit Surges 49% to Rs 9,444 Crore

February 9, 2024 21:37

LIC reported a 49% jump in net profit to Rs 9,444 crore in Q3 FY24, driven by higher net premium income. Its AUM also increased to Rs 49.66 lakh crore, registering a growth of 12%.

LIC Q2 Net Profit Surges 49% to Rs 9,444 Crore

February 8, 2024 22:20

LIC's net profit for Q2 FY24 rose 49% to Rs 9,444 crore, driven by higher net premium income. The insurer's AUM also increased to Rs 49.66 lakh crore.

Parliamentary Panel Suggests Composite Insurance License

February 6, 2024 21:39

A parliamentary panel recommends a composite license for insurers to offer life, general, and health insurance under one entity, aiming to boost insurance penetration in India.

LIC Receives Rs 25,464 Cr Income Tax Refund

January 12, 2024 19:38

Life Insurance Corporation of India (LIC) has received a Rs 25,464 crore income tax refund related to interim bonus payments to policyholders over the past seven years.

Life Insurance Payouts Moderate in FY23: IRDAI Report

January 7, 2024 14:09

Life insurance payouts declined in FY23 due to fewer death claims compared to FY22, impacted by COVID-19. IRDAI report highlights claim settlement ratios and benefits paid.

Future Enterprises Invites Bids for Insurance & Apparel Units

December 27, 2023 16:29

Future Enterprises, a Future Group firm, invites bids for assets including stakes in insurance business and apparel manufacturing units. The deadline for submission is February 27, 2024.

LIC Shares Surge 10%, Market Cap Jumps Rs 37,855 Cr

November 24, 2023 19:01

LIC shares rallied nearly 10% on Friday, defying market trends. The company's market valuation jumped Rs 37,855 crore. LIC plans to launch new products for double-digit growth.

LIC to Launch New Products for Double-Digit Growth in FY24

November 23, 2023 15:47

LIC plans to launch 3-4 new products, including one with assured returns and life-long benefits, aiming for double-digit growth in new business premium in FY24. The new products will focus on...

India First Life Gets GIFT City IFSC Registration

November 1, 2023 12:40

India First Life Insurance has received registration to operate in GIFT City's IFSC, enabling global expansion. The company plans to commence operations soon.

Company Name
Price
Volume

Vodafone Idea L
10.48 (+ 1.06)
94618906

Billionbrains Garage
138.09 (+ 5.46)
75745772

Spright Agro
0.58 ( -4.92)
74859080

Welcure Drugs &
0.64 (+ 4.92)
48551461

Sunshine Capital
0.28 (+ 3.70)
27967131

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Search result for 'insurance business'

Max Financial Services Q2 Profit Declines

Bajaj Finserv Rebrands Insurance Businesses

GST on Insurance: No ITC Benefit from Sep 22

Cholamandalam Financial Holdings PAT Rs 1,259.54 cr

Future Generali India: Rs 10,000 Cr GWP Target by 2030

India's Govt Budget: No Revenue Shortfall Foreseen

SBI General's New Daily Cash Benefit Plan

Singapore Tops India's FDI for 7th Year

LIC Q4 Profit Soars 38% to Rs 19,013 Cr

Prudential & HCL Group Launch Health Insurance JV in India

IIHL Takes Control of Reliance Capital, New Board Appointed

Bajaj Acquires Allianz's Stake in Insurance Businesses for Rs 24,180 cr

Patanjali & DS Group Acquire Magma General Insurance

LIC Q3 Profit Jumps 17% to Rs 11,056 Crore

Cholamandalam Financial Holdings Q3 PAT at Rs 1,092.90 cr

India's Insurance Market to Grow Fastest in G20 | Swiss Re

Union Budget 2025: Insurers Seek Tax Benefits & Incentives

Health Insurers Disallowed Rs 15,100 Cr Claims in FY24

Reliance Nippon Life in Talks with IndusInd Bank for Bancassurance Tie-up

Insurance Amendment Bill: 100% FDI Unlikely in Winter Session

India to Allow 100% FDI in Insurance Sector

Central Bank of India Enters Insurance Biz with Generali

LIC Q2 Profit Slips 4% to Rs 7,621 Crore

Shriram General Insurance to Re-enter Crop Insurance

Insurance Conglomerates &amp; Listing: Irdai Chairman's Call

LIC Shares Rise 1% After Strong Q1 Profit

LIC Shares Surge 3% After Strong Q1 Earnings

Aditya Birla Capital Net Profit Rises 17% in Q1 FY25

Banking Sector Reforms: Govt to Amend Laws in Budget Session

Irdai: No Claim Rejection for Lack of Documents

Sundaram Finance Q4 Net Profit: Rs 386 cr

Mahindra Finance Gets IRDAI Nod to Sell Insurance

Cholamandalam Financial Q4 PAT Up 26.9% to Rs 1,143 Cr

IIHL Awaits Irdai Nod for Rs 9,650 Cr Reliance Capital Acquisition

IRDAI Raises Concerns Over Hinduja Group's Reliance Capital Bid

LIC Q3 Profit Surges 49% to Rs 9,444 Crore

LIC Q2 Net Profit Surges 49% to Rs 9,444 Crore

Parliamentary Panel Suggests Composite Insurance License

LIC Receives Rs 25,464 Cr Income Tax Refund

Life Insurance Payouts Moderate in FY23: IRDAI Report

Future Enterprises Invites Bids for Insurance & Apparel Units

LIC Shares Surge 10%, Market Cap Jumps Rs 37,855 Cr

LIC to Launch New Products for Double-Digit Growth in FY24

India First Life Gets GIFT City IFSC Registration

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Insurance Conglomerates & Listing: Irdai Chairman's Call