The stake buy from the state-run IDBI Bank will take Federal Bank's stake in the 12-year-old company to 30 percent, the maximum permissible level for a lender under the regulations, its managing director and chief executive Shyam Srinivasan told PTI.
Term insurance and other covers have been put on hold for 3-6 months for high-risk cases
Over 90 per cent of our renewals come through the online mode. Digital adoption is already high for us.
The long-term outlook for the well-managed banks remains strong, though the near-term could be challenging even for these
The move will allow London-headquartered HSBC, which gets the bulk of its revenue from Asia
State-owned Punjab National Bank (PNB) will retain stake in two life insurance ventures as the lender has got permission from Insurance Regulatory and Development Authority of India (IRDAI).
Will this work in favour of customers? Industry voices weigh in on the debate
The ratio of the premium you pay and sum assured you get is used to determine whether your maturity amount will be tax-free or fully taxed
Though the changes have been announced, clarifications on the taxation limits need clarity from the 2020 Union Budget.
In the Indian market, agents play a role in declaring mis-information in application forms.
This is the Indian life insurance industry’s first joint mass media campaign aimed at increasing life insurance awareness in the country.
Just purchase a simple term plan and invest the excess difference amount in PPF, equity funds, etc.
There have also been some changes in the minimum sum assured of linked and non-linked products.
Net Interest Income (NII) is expected to increase by 20 percent Y-o-Y (up 38.9 percent Q-o-Q) to Rs. 10,391.1 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 7.2 percent Y-o-Y (up 38.3 percent Q-o-Q) to Rs. 9,541.4 crore, according to Motilal Oswal.
Private players’ unweighted total premium grew 17 percent YoY, much slower compared to the 42 percent YoY growth for Life Insurance Corporation of India (LIC).
In this episode of Managing Money, Abhishek Bondia, Co-founder & principal officer, SecureNow explains the importance and helps choose the perfect cover for yourself.
Of those who own term insurance, 57 percent do not have any awareness of the sum assured they are guaranteed on their policy.
To minimise the risk of financial loss, your insurance cover should offer protection for not only your possessions, income but also, for the loved ones.
If you are buying life insurance for protection, getting a big cover at the given premium is the topmost priority.
Term insurance is the fundamental baseline for any financial plan as it is cost effective and provides a good protection cover.
Customers need to submit only some documents for the claim settlement process for life and health policies