Dec 31, 2020 08:39 PM IST
Post the transaction, IDBI Bank will hold 25 percent stake in the life insurer, while Ageas will hold 49 percent in the insurance arm of IDBI Bank Limited.
- Nov 03, 2020 08:25 AM IST
My message to the investors is to believe in the Indian growth story. The economic reforms initiated during the last twelve months are enormous, says S P Prabhu, Chief Investment Officer, IDBI Federal Life Insurance.
- Aug 12, 2020 06:56 PM IST
IDBI Bank is selling 27 percent stake in IDBI Federal Life Insurance for Rs 595 crore to Federal Bank and Belgium's Ageas Insurance International
- Apr 25, 2018 03:56 PM IST
This is the 6th consecutive year of profits since it first declared profits in 2012-13, the company said in a statement.
- Jun 20, 2017 03:05 PM IST
Under the agreement, for the debit tax mandate SunTec will help in analysing data from various sources for computation and invoicing purposes, it said.
- Apr 04, 2017 02:25 PM IST
As per the IRDAI guidelines, life insurers can sell pure term insurance products, immediate annuity products and non-linked non-participating endowment products through the point of sale persons.
- Mar 22, 2017 09:45 AM IST
In an interview to M Saraswathy, Whole-time Director and CEO Vighnesh Shahane, talks out the company’s plans to expand distribution.
- Mar 03, 2017 07:24 PM IST
IDBI Federal Life Insurance has said it expects to wipe out accumulated losses in two years on the back of healthy balance sheet size.
- Feb 17, 2016 08:27 PM IST
Union Budget 2016 should introduce changes in direct tax, indirect tax to ensure that all stakeholder benefit. Also some tax rules should be amended to improve business functioning.
- Feb 09, 2015 12:45 PM IST
Union Budget should introduce changes in taxation to encourage long term savings in life insurance. There is also a need of introduction of many other measures that will make insurance business more cost efficient to cater to the policyholders' interests.
- Mar 04, 2013 10:56 PM IST
The insurance sector seems to have mixed feelings for Budget 2013. While the opening up of the bank insurance route has been hailed as a key reform. The lack of additional tax concessions has disappointed insurers.
- Feb 25, 2011 01:00 PM IST
IDBI Federal Life Insurance has come out with a report on Pre-Budget Expectation.
- Jan 10, 2011 04:05 PM IST
The USD 53 bn insurance industry had a dream run between 2005 and 2010 of registering CAGR of 33%. The scene suddenly chanced in the last few months with the insurance regulator (IRDA) ushering new guidelines for the popular ULIP schemes. Given the situation, what does the future look like? That is our talking point today.