Non-life insurance cos post 13% rise in premium collection at Rs 12,948 cr in June

Jul 20 2018

Premium income of non-life insurance companies rose by around 13 per cent to Rs 12,947.50 crore in June, according to the data by IRDAI.

General insurance premium collection up 12.2% to Rs 37,349 cr in Q1

Jul 19 2018

General insurance premium collections for the quarter ended June 30, grew by 12.2 per cent to Rs 37,349.40 crore against Rs 33,287.04 crore for the same quarter in FY18.

IDBI Bank seeks govt nod for majority stake sale to LIC

Jul 17 2018

The board of IDBI Bank decided to seek the govt's decision on LIC's proposal to acquire up to 51% stake in the debt ridden bank.

Life insurance premium collection up 10.78% to Rs 36,729 Cr in Q1

Jul 11 2018

Life insurance premium collections grew by 10.78 per cent during the first quarter of the current fiscal to Rs 36,729.79 crore against Rs 33,156.16 crore during the same quarter last year, according to figures released by insurance regulator IRDAI.

RBI invites applications CEO post of National Centre for Financial Education

Jul 10 2018

RBI has invited application for the post of CEO of the NCFE, an institution set up in collaboration with other financial regulators.

No vehicle insurance without PUC certificate: Irdai

Jul 09 2018

Acting tough on those violating emission norms, Irdai has said vehicles without a valid Pollution Under Control (PUC) certificate will not be insured.

LIC's stake buy in IDBI Bank may not need Parliament nod

Jul 03 2018

The proposed 51 per cent stake purchase by insurance major Life Insurance Corporation in IDBI Bank may not require Parliament's approval as it does not require any changes in the LIC Act, sources said.

Govt using LIC to cover up its sins in the banking sector: Congress

Jul 01 2018

Congress today targeted the government over the of the Life Insurance Corporation board's decision to buy a majority stake in the ailing IDBI bank.

LIC set to get into banking as Irdai lets it snap up IDBI Bank

Jun 29 2018

The long-cherished plan of the national insurer LIC to own bank today moved closer to reality with the regulator Irdai giving a go-ahead to pick a controlling stake in the crippled IDBI Bank.

Irdai permits LIC to pick up to 51% stake in debt-ridden IDBI Bank

Jun 29 2018

Insurance behemoth LIC will acquire up to 51 per cent stake in state-owned IDBI Bank after regulator Irdai approved the plan that will help convert the debt-ridden lender into a private sector entity.

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