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IDBI Bank shares fall 15% after sources say disinvestment move may not proceed
The Centre currently holds a 45.48% stake in IDBI Bank, while Life Insurance Corporation of India (LIC) owns another 49.24%.
Shriram Life aims for 20 pc growth in FY26 despite regulatory changes: CEO
Shriram Life Insurance is gearing up for a significant leap, projecting a robust 20% growth by the fiscal year 2025-26. To enhance its footprint in the market, the company is forging new alliances with banks, broadening its distribution avenues. This pivotal strategy marks a shift from their prior emphasis on direct distribution methods.
Max Financial shares in focus after board approves ₹2,000 crore fundraise via QIP
The proceeds will primarily be used to meet the funding requirements of its material subsidiary, Axis Max Life Insurance, to support business growth and expansion, with the remaining amount earmarked for general corporate purposes.
All 29 analysts covering this stock have a 'buy' rating on it and JPMorgan joins the list
JPMorgan said India's life insurance sector is turning the corner with GST exemption driving a strong uptick in retail protection.
NHAI-backed Raajmarg Infra InvIT IPO opens on March 11: Check price band and other details
Ahead of the issue opening, the InvIT raised ₹1,728 crore from anchor investors including Life Insurance Corporation of India, ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance and Bajaj Allianz Life Insurance.
Market volatility offers long-term buying opportunity; positive on pharma, banking: Shriram Life CIO
Ajit Banerjee, President and CIO at Shriram Life Insurance, said the recent market volatility is being used as a long-term buying opportunity. He noted that improved valuations and stable macro fundamentals make current levels attractive for investors with a long-term horizon. The firm has increased exposure during the correction, with a positive view on sectors such as pharma, banking and infrastructure. Banerjee added that near-term market moves are largely news-driven and should not distract long-term investors.
US-Iran war puts ₹70,000 cr dent in LIC's portfolio; banks, L&T worst hit
Holdings in SBI, ICICI Bank and HDFC Bank accounted for more than one-fifth of the losses for Life Insurance Corporation of India; while L&T alone created a 11 per cent dent, shows ACE Equity data.
Life insurers' new biz rose 18% in Feb
Life insurance new business premium surged 18% in February, propelled by a 24% jump at LIC. This growth is partly attributed to GST tailwinds, making individual life insurance policies cheaper and boosting demand for protection products. The industry saw a significant rise in policies sold and overall premium collection.
Life insurers' new biz rose 18% in Feb
Life insurance new business premium surged 18% in February, propelled by a 24% jump at LIC. This growth is partly attributed to GST tailwinds, making individual life insurance policies cheaper and boosting demand for protection products. The industry saw a significant rise in policies sold and overall premium collection.
Bajaj Finserv reports steady February premiums from general, life insurance arms
Bajaj Finserv said its insurance subsidiaries reported steady premium collections in February, with Bajaj General Insurance underwriting ₹1,094 crore and Bajaj Life Insurance reporting total premiums of ₹1,281 crore.
HDFC Life appoints Vijay Vaidyanathan as Chief Human Resource Officer
HDFC Life Insurance Company said that it has appointed Vijay Vaidyanathan as its chief human resource officer (CHRO), effective 1 April 2026, on a full-time employment basis.
February life insurance data: Axis Max Life, Canara HSBC lead; SBI Life, LIC see base-driven gains
Life insurers reported strong February numbers. Axis Max Life’s premiums rose 30%, Canara HSBC Life’s jumped 52%, and LIC’s increased 24%. HDFC Life saw a 3% decline.