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India tag returned 123 results

  • India: IRDAI removes age limits on health insurance purchase

    The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from 1 April 2024. Earlier, individuals were restricted to purchasing new insurance policies only until the age of 65.

    Date : 21 Apr 2024
  • India: Max Life Insurance grows assets under management

    Max Life Insurance Company (Max Life), a joint venture between Max Financial Services Limited and Axis Bank Limited, has announced that it has achieved INR1.5 trillion of assets under management (AUM) by the end of March. The firm has reportedly registered a 20% growth rate year-over-year.

    Date : 17 Apr 2024
  • India: 35% of CFP professionals should be women by 2030

    The Financial Planning Standards Board (FPSB) India is planning to increase the representation of women in the financial planning field to achieve a 35:65 ratio of women-to-men certified financial planners (CFPs) by 2030.

    Date : 16 Apr 2024
  • Japan's Nippon Life Insurance launches India subsidiary

    Japan's Nippon Life Insurance has established a new subsidiary in India to bolster its operations in the market, the company said recently. Nippon Life Asia Pacific, a unit based in Singapore, formed Nippon Life India as its direct subsidiary. The new unit will provide management support and market research for Nippon Life's affiliates in India. Until now, Nippon Life has done business in India through partially owned local entities. The life insurance division offers products to individuals and organizations while the asset management division deals in stocks, bonds and exchange-traded funds. The Indian operations had been overseen by Nippon Life's headquarters in Tokyo, but those functions are being transferred to the Singapore subsidiary starting this fiscal year. The new Indian subsidiary is intended to enhance collaboration with the group's local affiliates there and boost research capabilities, reported Nikkei Asia.

    Date : 14 Apr 2024
  • India: Customer satisfaction score of top 12 life insurance brands remains stagnant from 2023 to 2024

    Customer satisfaction has been a key aim for life insurance companies. However, the annual survey by Hansa Research, a market research company, called "Investor CuES" which measures customer satisfaction of the life insurance industry using a metric called 'Net Promoter Score' (NPS) shows stagnation in this important area in the last one year from 2023 to 2024.

    Date : 10 Apr 2024
  • India: IIM Bangalore launches executive programme in financial planning

    The Indian Institute of Management, Bangalore (IIM Bangalore) has collaborated with the Financial Planning Standards Board (FPSB) to launch the Executive Program in Financial Planning for working professionals and students.

    Date : 31 Mar 2024
  • India: LIC is world's strongest insurance brand - report

    Life Insurance Corporation of India (LIC) has emerged as the strongest insurance brand in the world with a steady brand value of US$9.8 billion, a brand strength index score of 88.3, and an associated AAA brand strength rating, according to a report by Brand Finance Insurance 100 2024.

    Date : 27 Mar 2024
  • India: LIC launches a traditional savings life insurance plan for children

    The Life Insurance Corporation of India (LIC) has launched Amritbaal, a traditional endowment policy - non-linked, non-participating - aimed at parents who are looking to build a higher education for their children over the long term.

    Date : 18 Feb 2024
  • India: ICICI Prudential launches tax-efficient pension product

    ICICI Prudential Life Insurance has launched ICICI Pru Gold Pension Savings, a tax-efficient pension product that enables customers to make systematic contributions and build the desired retirement corpus to lead financially independent retired lives.

    Date : 13 Feb 2024
  • India: SBI Life Insurance launches two new term plans with return of premium

    SBI Life Insurance has recently launched two products -SBI Life - Saral Swadhan Supreme and SBI Life - Smart Swadhan Supreme. These two new products not only provide a life cover but also benefit of return of premiums at maturity, to fulfil customer's financial objectives.

    Date : 24 Jan 2024
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