Bima Sakhi Scheme by LIC empowers over 2 lakh women as insurance agents with stipend and career opportunities. Know eligibility, budget, and benefits. Empowering Rural Women: LIC’s Bima Sakhi Scheme Enrolls Over 2 Lakh Women The Government of India, through the Life Insurance Corporation (LIC), has successfully enrolled 2,05,896 women under its Bima Sakhi –…
In a significant financial move, Adar Poonawalla has sold his stake in Magma General Insurance to Patanjali Ayurved and DS Group for ₹4500 crore. This acquisition marks Patanjali and DS Group’s strategic entry into India’s growing insurance sector. Details of the Deal Adar Poonawalla’s Sanoti Properties acted as the seller, transferring a 98% stake to…
RBI Lifts Supervisory Restrictions on Navi Finserv The Reserve Bank of India (RBI) has recently removed the supervisory restrictions placed on Navi Finserv. These restrictions were imposed on the financial services company due to certain regulatory concerns. The lifting of these restrictions marks a significant step for Navi Finserv in its operations and governance, as…
Freo Secures IRDAI License to Expand Insurance Offerings Freo, a prominent fintech company, has made headlines recently by securing a license from the Insurance Regulatory and Development Authority of India (IRDAI) to expand its insurance offerings. This strategic move marks a significant milestone in Freo’s journey to diversify its financial services and cater to a…
SBI General Unveils Surety Bond Bima for Infrastructure Projects In a strategic move to bolster the infrastructure sector, SBI General has introduced the Surety Bond Bima, aimed at providing financial security for infrastructure projects. This initiative comes at a crucial juncture, aligning with the government’s push for infrastructural development across the nation. The recent announcement…
Revolutionizing Insurance Purchase Experience: HDFC Life Introduces “No Jhanjhat” Life Insurance Fatafat Campaign In a bid to simplify the insurance purchasing process and make it hassle-free for customers, HDFC Life has launched its innovative “No Jhanjhat” Life Insurance Fatafat Campaign. This initiative aims to revolutionize the way people perceive and obtain life insurance, especially in…
Bandhan Life Insurance Unveils New Identity and Growth Strategy Bandhan Life Insurance recently revealed its revamped identity and growth strategy, marking a significant milestone in the company’s journey. This move comes as part of the company’s strategic expansion plans and commitment to enhancing its offerings in the insurance sector. With a fresh identity and a…
ICICI Lombard Partners with Policybazaar to Expand Insurance Distribution In a strategic move aimed at widening its reach and accessibility, ICICI Lombard General Insurance has forged a partnership with Policybazaar, a leading online insurance aggregator. This collaboration marks a significant milestone in the insurance sector, as it combines ICICI Lombard’s extensive expertise with Policybazaar’s digital…
CCI Approval for Axis Bank’s Stake Acquisition in Max Life Insurance In a significant development for the banking and insurance sectors, the Competition Commission of India (CCI) has granted approval to Axis Bank’s proposal to acquire a stake in Max Life Insurance Company Limited. This move marks a strategic collaboration between two major players in…
Insurance Sector Attracts Massive Rs 54,000 Crore FDI in 9 Years The insurance sector in India has witnessed a significant influx of Foreign Direct Investment (FDI), totaling a staggering Rs 54,000 crore over the span of nine years. This surge in FDI underscores the growing confidence of foreign investors in the Indian insurance market. As…
