Tag: Insurance industry

The new era of insurance, with India's insurance industry raking in a whopping $130 billion in cumulative premiums, is looking like quite the wild ride. Big mergers and acquisitions (M&As), the anticipated influx of...

Renowned businessman Adar Poonawalla has recently made headlines with his decision to sell his stake in Magma Insurance to Patanjali Ayurved and the DS Group for a hefty sum of Rs 4,500 crore. This...

Shares of Life Insurance Corporation of India Ltd (LIC) have taken the spotlight as the life insurer revealed a 17 percent increase in net profit, reaching a substantial Rs 11,057 crore for the December...

Unclaimed Rs 22,000 Crore with Life Insurance CompaniesMUMBAI: A staggering amount of nearly Rs 22,237 crore remains unclaimed with life insurers at the beginning of FY24, according to recent data from Irdai. Despite efforts...