General-Insurance

LIC Housing Finance (LIC HFL) will issue shares at Rs 514.25 apiece to its promoter Life Insurance Corporation of India (LIC) on a preferential basis. The board of directors of the company in its meeting last week had approved preferential shares up to 4,54,00,000 through a private placement to LIC.

InsurTech startup Edelweiss General Insurance (EGI), has introduced a policy change for all its employees across India. EGI’s Work from anywhere (WFA) is a Hybrid work model that aims to empower and enable employees with their choice of workspace while ensuring optimum work productivity.

The government on Monday proposed to increase foreign direct investment (FDI) limit in the insurance sector to 74 per cent, in an attempt to attract the overseas players. The Insurance Act 1938 will be amended to "increase the permissible FDI limit from 49 per cent to 74 per cent in insurance companies and allow foreign ownership and control with...

Bharti AXA General Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, today launched its new app ‘Krishi Sakha’ to cater to the specific needs of the farmers in the country and guide them in adopting best farming practices and enhancing productivity. Bharti AXA ‘Krishi Sakha’ aims...

Recently, retirement fund body Employees Provident Fund Organisation (EPFO) announced that it has started crediting 8.5 per cent rate of interest on employees' provident fund (EPF) for 2019-20 for its over six crore members. Now account holders can see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20. According to the EPF website...

Bajaj Finance on Wednesday reported a 29 per cent year-on-year fall in consolidated net profit at ₹ 1,145.98 crore for the quarter ended December 2020. The financier's profit in the year-ago period was at ₹ 1,614.11 crore. Net interest income (NII) was at ₹ 4,296 crore for the third quarter, down 5.3 per cent year-on-year, due to higher reversal of...

Bajaj Finance, Bajaj Finserv will announce their third quarter (ending December 31) results on Wednesday. Bajaj Finserv Ltd, a part of Bajaj Holdings & Investments Limited, is a financial services company focussed on lending, asset management, wealth management and insurance. Shares of Bajaj Finance Limited was last trading on Bombay Stock Exchange (BSE) at ₹ 4,970.60, up ₹ 257 (or...

Insurance regulator, the Insurance Regulatory and Development Authority of India (Irdai), on Monday pitched standard guidelines for travel insurance with the objective of ensuring uniformity and definition about coverage, exclusions and terms of coverage for domestic as well as international travel. The new guidelines hope to make travel insurance popular with travellers. The guidance will make available a standard travel...

With apprehensions being raised in social and print media about the requirement of a mandatory cash payment of at least one per cent of the Goods and Services Tax (GST) liability, the Finance Ministry on Saturday clarified that it will affect less than half of the total assesses. On the recommendations of the GST Law Committee, the Finance Ministry...

The government is planning to form a working group to explore the possibilities of linking Indian hospitals, wellness centres and Ayurveda clinics with foreign insurance firms to boost medical tourism in the country, Tourism Minister Prahlad Patel has said. He said the aim is to ensure that foreign nationals seeking medical treatment in India can arrive in the country...