Kotak Mahindra Financial institution’s first quarter (Q1FY25) internet revenue soared 81 per cent year-on-year (yoy) to ₹6,250 crore, with the underside line being buoyed by ₹2,730 crore the Financial institution obtained from the sale of its majority stake in Kotak Normal Insurance coverage to Zurich Insurance coverage Group. The personal sector lender had reported a … Read more
ICICI Lombard has launched Surety Insurance coverage to offer danger mitigation options for India’s burgeoning infrastructure sector. Surety insurance coverage acts as a assure to a beneficiary (usually an authority or consumer) {that a} principal debtor (normally a contractor) will fulfil their contractual obligations. Additionally learn: Capital Small Finance Financial institution, ICICI Lombard enter into … Read more
In a transfer that may carry insurance coverage all the way down to the grassroots, the Insurance coverage Regulatory and Improvement Authority of India (IRDAI) has mandated life and common insurers to increase cowl to sure recognized Gram Panchayats. Per the grasp round points by the regulator on rural, social and motor third celebration obligations, the … Read more
The overall insurance coverage trade has ended the fiscal FY24 with 13 per cent progress. However, FY24 progress is decrease than compared with 16 per cent achieved within the earlier yr. Nonetheless, the trade has maintained its double-digit progress pattern over the previous few years. The gross direct premium for all non-life corporations in 2023-24 … Read more
The New India Assurance Firm Restricted (NIACL), a listed state-owned normal insurer, has reported 4.5 per cent decline in internet revenue for the quarter ended December 31, 2023, at ₹715 crore (₹749 crore). Within the September 2023 quarter, NIACL had recorded a internet lack of ₹200 crore. Web premium earned for the quarter below evaluation … Read more
In episode 7, I talked about two sorts of insurance coverage you completely want. However now we’ve had a viewer asking us a few third sort of plan – an endowment plan. Although they’re a few of the most offered insurance policies, endowment insurance coverage is a poor match for most individuals – particularly children. … Read more
In episode 7, I talked about two sorts of insurance coverage you completely want. However now we’ve had a viewer asking us a few third sort of plan – an endowment plan. Although they’re among the most offered insurance policies, endowment insurance coverage is a poor match for most individuals – particularly children. So don’t … Read more