The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY/life insurance product) and Pradhan Mantri Suraksha Bima Yojana (PMSBY/personal accident policy) will now be considered a part of social sector obligations for insurers.
Sector regulator PFRDA is looking at allowing pension fund managers to invest up to 3% of corpus in private equity (PE) to maximise return, and a decision in this regard is likely to be taken in 3-4 months.
Even though the upper limit of foreign direct investment (FDI) in insurance has been raised to 49 per cent, the valuation of insurance companies is still a novelty for investment analysts in India, according to a joint study by the Confederation of Indian
Aegon, which is present in India through its insurance joint venture (JV) Aegon Religare Life Insurance, expects to be one of the first insurance players to increase stake to 49 per cent in the Indian JV.
Remit2India, the flagship brand of payment service provider TimesofMoney, has entered into a partnership with HDFC Life to create awareness about insurance and offer life insurance products to its customers.
AEGON, one of the world’s leading financial services organizations which is present in India through its insurance joint venture AEGON Religare Life Insurance, expects to be one of the first insurance players to increase its stake to 49% in the