ICICI Lombard had posted a net profit of Rs 294.11 crore in the year-ago period, the company said in a regulatory filing. Gross direct premium income grew 9.2 per cent to Rs 4,034 crore from Rs 3,693 crore, against the industry's 4.9 per cent growth

Fitch said India's coronavirus-induced recession has been among the most severe in the world, amid a stringent lockdown and limited direct fiscal support

The insurers should make efforts to have agreement with health providers on rates for treatment of Covid-19 similar to other diseases for which rate agreements are in place, IRDAI said

The country's largest life insurer LIC contributed Rs 14,345.70 crore or 58 per cent to the total premium generated during the month, showed IRDAI data

The alert has been issued by LIC India in light of the recent incidents of telemarketing frauds

Product innovation will gain traction as the industry Gets set to go on a digital overdrive

Several studies throw up structural, logistical and financial challenges to the growth of crop insurance in India, jeopardised by apparent profiteering by insurance companies

Axis Bank said that its outstanding loan to SREI entities and SREI group (including SREI entities) stood at Rs 411 crore and Rs 800 crore, respectively, as on December 14, 2020

After registering a fresh case against Chandra, the CBI carried out searches at various locations at the premises of the accused

Currently, the bank holds about 1 percent stake in Max Life and is also the biggest distributor of the insurer's products through a banking channel.

The share hit all-time high of Rs 1500, rising 3.04% intra day today

Stocks to watch today on December 1: ICICI Lombard, Unichem Labs, Indiabulls Housing, Tata Motors, Hero MotoCorp, Dr Reddy among others are the top stocks to watch out for in Tuesday's trading session

Max Financial Services Limited will issue and allot 7.54 crore shares of Rs 2 each at a price of Rs 565.11 per equity share on a preferential allotment basis to Mitsui Sumitomo

How the 64-year-old Life Insurance Corporation should be valued for stock market listing

In its request for proposal, Department of Investment and Public Asset Management stated that LIC needs an Indian Embedded Value (IEV) reporting framework for the necessary disclosures for its proposed IPO

India Stock Market Highlights Today: ICICI Bank followed by ONGC, HDFC, L&T, SBI, HDFC Bank, IndusInd Bank and Bajaj Finance were among the top gainers on Sensex today. On the other hand, Tech Mahindra, Infosys, HCL Tech, TCS, Nestle India and Maruti were in the red

With premium rates starting at Rs 5,329, Covid Shield+ offers a critical illness benefit of minimum Rs 10 lakh post 24-hour ICU or HDU hospitalisation owing to COVID-19

ILIPs were quite popular among customers as it promised guaranteed benefit (which lacked in ULIPs) and opportunity to earn market-linked returns (which lacked in traditional participating and non-participating plans)

Health segment contributed nearly 30 per cent of the total gross written premium in H1 FY21 and registered 15 per cent growth year-on-year in the general insurance industry, CFO Rikhil Shah said

As per the revised deal, Axis Bank and its subsidiaries, i.e. Axis Capital Limited and Axis Securities Limited, have agreed to enter into revised agreements with Max Financial for the acquisition of up to 19.002 per cent of the equity share capital of Max Life