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ICICI Prudential Life to seek IRDAI nod for Prudential's promoter-to-investor reclassification
As part of the arrangement, ICICI Prudential Life will apply to the Insurance Regulatory and Development Authority of India (IRDAI) to reclassify Prudential from a 'promoter' to an 'investor' under applicable insurance regulations.
11 largecap stocks with upside potential of up to 50%. Do you own any?
Indian investors are eyeing significant gains as analyst forecasts highlight 11 largecap BSE stocks poised for 25% to 50% growth in the next year. Companies like Swiggy, ICICI Prudential Life, and HDFC Life Insurance are among those with strong 'Buy' ratings and substantial projected upside.
Insurance regulator IRDAI plans overhaul of commission rules to curb mis-selling, sources say
India's insurance regulator is set to overhaul distributor commissions, proposing payments spread over a policy's life to curb mis-selling and reduce high distribution costs. This move aligns India with global practices and aims to ensure customer suitability over sales volume. A draft framework is expected soon, potentially impacting how agents are compensated for their services.
HDFC Life Insurance Company Ltd drops for fifth straight session
HDFC Life Insurance Company Ltd is quoting at Rs 566.75, down 1.58% on the day as on 13:19 IST on the NSE. The stock tumbled 28.23% in last one year as compared to a 5.59% slide in NIFTY and a 0.28% fall in the Nifty Financial Services index.
Solvency buffers at insurers thinning; general insurance sector more of a concern
The Reserve Bank of India's latest report highlights concerns over thinning capital in the insurance sector. While life insurers remain compliant, their buffers are shrinking. The general insurance segment faces a more serious challenge, with three public sector firms persistently falling below the minimum solvency requirement for over a year, posing a direct financial stability risk.
Solvency buffers at insurers thinning; general insurance sector more of a concern
The Reserve Bank of India's latest report highlights concerns over thinning capital in the insurance sector. While life insurers remain compliant, their buffers are shrinking. The general insurance segment faces a more serious challenge, with three public sector firms persistently falling below the minimum solvency requirement for over a year, posing a direct financial stability risk.
HDFC Life receives GST appellate order confirming ₹133 crore tax demand, to appeal at tribunal
Shares of HDFC Life Insurance Company Ltd ended at ₹575.50, down by ₹8.15, or 1.40%, on the BSE.
Niva Bupa, Star Health Get Buy Calls As Nomura Initiates On Four Insurers -- Check Target Prices
Nomura initiated coverage on India's non-life insurance sector with Buy ratings on Niva Bupa and Star Health, while assigning Neutral ratings to ICICI Lombard and PB Fintech amid regulatory uncertainty.
Nomura bets on these two non-life insurance players for up to 23% upside
India's non-life insurance industry has delivered a compound annual growth rate (CAGR) of 13% in gross written premiums between FY16 and FY26, with the market expanding to ₹3.35 lakh crore in FY26.
Six of top-10 firms add ₹88,678 crore in mcap, ICICI Bank biggest winner
The combined market valuation of 6 of the top-10 most valued companies went up by Rs 88,678.1 crore in a holiday-shortened last week, with ICICI Bank emerging as the biggest winner. Last week, the BSE benchmark Sensex climbed 297.57 points, or 0.38 per cent, and the NSE Nifty went up by 42.9 points, or 0.17 per cent. "Markets ended the holiday-shortened week with modest gains, advancing in three of the four trading sessions. Sentiment remained constructive, supported by easing crude oil prices, improving geopolitical developments in West Asia, and selective buying by foreign institutional investors (FIIs)," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro were the gainers, Bharti Airtel, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation. The market valuation of ICICI Bank jumped Rs ...
Meta Infotech bags Rs 5-cr software subscription orders
Meta Infotech announced that it has secured fresh and renewal orders aggregating Rs 5.43 crore from a leading real estate company and its group entities, a life insurance company, and one of the largest private sector banks.
HDFC Life reports 12 per cent premium growth in FY26, retail protection business rises 43 per cent
HDFC Life Insurance reported a robust 12% year-on-year growth in total premium for FY26, with its retail protection business soaring by 43%. The insurer solidified its position among the top three, achieving a 10.8% new business market share. Profit after tax reached Rs 1,910 crore, and assets under management grew to Rs 3.75 lakh crore.