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TREND | 20 Dec 2024

Insurance Query: Protection for small businesses

Business Line

Small business owners can safeguard their operations with policies like Sooksham and Laghu Udhyam Suraksha, covering buildings, contents and inventory against risks like fire, storms, and theft, with optional income loss coverage

Insurance

TREND | 20 Dec 2024

Tata AIA launches new Multi-Cap Index Fund

Business Line

The fund's investment strategy allocates 80-100 per cent in equity and equity-related instruments, with the remaining 0-20 per cent in cash and money market instruments

Insurance

TREND | 20 Dec 2024

Pradhan Mantri Suraksha Bima To Jan Dhan: Know All About These Insurance, Banking Services, Loan Schemes

NDTV Profit

Check the eligibility criteria and benefits of four PM schemes.

Insurance

TREND | 20 Dec 2024

52 Week High Stocks Today on December 20, 2024: General Insurance Corporation Of India, Kiri Industries & others hit 52 week high today ; Do you own any?

livemint

52 Week High Stocks Today on December 20, 2024: Following shares hit their 52 week high today - General Insurance Corporation Of India, Kiri Industries, Wipro, Coforge, Persistent Systems

Insurance

TREND | 20 Dec 2024

Understanding Term Insurance Maturity Benefits: A Complete Guide

IBTimes India

Term insurance is designed purely for protection, not for savings or investments.

Insurance premium financing expected to see healthy growth of 25% annually

Business Standard | 19 Dec 2024 1 more

Insurance

TREND | 19 Dec 2024

CAG flags Rs 194 crore loss incurred by Oriental Insurance in FY20

Business Standard

State-owned Oriental Insurance Company Ltd incurred a loss of Rs 194 crore during FY20 for failing to properly determine bidding rates for Pradhan Mantri Fasal Bima Yojna, said a CAG report. According to report number 12 presented in Parliament earlier this week, Oriental Insurance Company Ltd determined the bidding rates for Pradhan Mantri Fasal Bima Yojna in 2019-20 by applying pricing components uniformly without specific determination as per the terms and conditions of the Agriculture Quota Share Reinsurance treaty with General Insurance Corporation of India, being Re-insurer. "This led to imposition of Loss Corridor clause of the treaty by GIC and consequent loss of Rs 194.08 crore," it said. Imprudent underwriting of Group Janta Personal Accident Policy of the Maharashtra state government by the public sector general insurance company without reinsurance cover and in violation of guidelines of Insurance Regulatory and Development Authority of India (IRDAI) in 2018-19 led to a

Insurance

TREND | 17 Dec 2024

FTSE Rejig: Bharti Hexacom, Go Digit General Insurance Join Ranks

NDTV Profit

Among the biggest inflows, major BFSI players like ICICI Bank and Kotak Mahindra Bank are expected to lead the charge.

Fear of regulatory rap keeps life insurance stocks jittery

Economic Times | 17 Dec 2024 4 more

Insurance

TREND | 16 Dec 2024

IRDAI Issues Show Cause Notice To Religare Enterprises Subsidiary

NDTV Profit

Religare Enterprises' subsidiary said it will furnish its reply to the show-cause notice along with the supporting documents.

Insurance

TREND | 16 Dec 2024

Max Financial Is Jefferies' Top Pick Post Insurance Unit's Rebrand Here's Why

NDTV Profit

The brokerage notes that Max Life's refreshed identity is expected to strengthen its brand recall.

Buy or sell: Vaishali Parekh recommends three stocks for today December 16

livemint | 16 Dec 2024 1 more

Insurance

TREND | 14 Dec 2024

Senco Gold raises Rs 459 crore via QIP, allots 4.08 mn equity shares

Business Standard

Kolkata-based jewellery retail chain Senco Gold Limited said it raised Rs 459 crore through a Qualified Institutions Placement (QIP) by allotting 40.8 lakh equity shares. The QIP committee of the company's board approved the issuance and allotment of equity shares of Rs 10 were issued at a price of Rs 1,125 per share, including a premium of Rs 1,115, Senco Gold said in a regulatory filing on Friday evening. Post the QIP, the company's paid-up equity share capital has increased to Rs 81.80 crore, comprising 8.18 crore shares, from Rs 77.72 crore (7.77 crore shares), the company added. Among the major allottees, four funds under Tata AIA Life Insurance Co. grabbed 14.49 per cent of the issue size. On a standalone basis, Tata Multicap Fund received the largest portion with 8.77 per cent of the issue size, followed by Tata AIA Life Insurance Co. Ltd's Emerging Opportunities Fund (6.40 per cent) and ICICI Prudential Life Insurance Co. Ltd (6.54 per cent). Other significant investors...

LIC reduces stake in NMDC by 2%, now stands at 5.6% through market sales

Business Standard | 13 Dec 2024