Standalone health insurer Star Health and Allied Insurance Company has filed the Draft Red Herring Prospectus (DRHP) with the capital market regulator Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
The Indian government is ready with a proposal to amend insurance laws to privatise one of the three unlisted state-owned general insurance companies.
PB Fintech, the parent of SoftBank-backed Policybazaar, is looking to raise up to INR65bn ($873m) through an initial public offering (IPO).
The Confederation of Indian Industry (CII) says that India needs to expedite the establishment of a pandemic pool to counter the economic impact of COVID-like situations in the future.
Foreign investors can directly or indirectly hold up to a 74% stake in pension funds with the Pension Fund Regulatory and Development Authority (PFRDA) giving notification of the new limit which is revised from 49%.
The Finance Ministry's Department of Investment and Public Asset Management (DIPAM) is inviting proposals from investment bankers, legal advisors, registrar and share transfer agent (RTA) and an advertising agency to manage the planned initial public offering of Life Insurance Corporation of India.
India's insurance penetration rate saw a marginal improvement to 4.2% for the financial year ended 31 March 2021 (FY2021), from 3.76% in FY2020, according to Swiss Re's latest Sigma report on world insurance.
Even as the vaccine reaches every arm, the world has already been transformed by COVID-19. Employees and consumers have embraced remote work and the digital life as the new normal simply for its convenience, and for some, it means a more productive lifestyle through the time saved from daily commutes.
The Economic Affairs Committee of the Indian Cabinet has approved the initial public offering of state-run insurer Life Insurance Corporation (LIC), India's largest life insurance company, reported Bloomberg quoting Disinvestment Secretary Tuhin Kanta Pandey.
Yak, a bovine mammalian species native to Himalayas, will now be covered by insurance against accidents, natural catastrophes and some more risks.