Future Generali India has been honoured for its initiatives in corporate disability inclusion.
The Goods and Services Tax (GST) Council is considering a reduction in GST rates on health and life insurance premiums rather than a complete exemption, according to official sources.
Prudential has announced its plan to establish a joint venture with Vama Sundari Investments (Delhi), a HCL Group's Promoter Company, to operate a standalone Indian health insurance business.
Allianz SE has entered into binding share purchase agreements with Bajaj Finserv to sell its 26% stake in its Indian non-life and life insurance joint ventures - Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company - to the Bajaj Group for a total consideration of EUR2.6bn. Allianz may receive the proceeds in several tranches.
India's first private sector reinsurance company is set to commence operations soon.
The Insurance Brokers Association of India (IBAI) has announced the election of Mr Nirmal Bazaz as honorary secretary. Mr Bazaz was elected as director of IBAI in 2023, and he continues to hold the position.
Tata AIA Life Insurance has launched the Shubh Flexi Income Plan, a non-linked, participating life insurance savings plan designed to offer flexible financial security and long-term wealth creation.
India's central bank Reserve Bank of India (RBI) will contribute to the global efforts to mitigate the risks associated with climate change and ensure that the Indian financial system remains resilient.
Prudential has launched its first fully owned facility in the Indian city Bengaluru. This represents a strategic investment in the Indian market.
Brand Finance's latest report has ranked Indian life insurer, Life Insurance Corporation of India (LIC) as the third strongest insurance brand in the world.