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No formal proposal to enter health insurance, says LIC Banking Finance Must Watch BANKING/FINANCE STOCKSNSEBSE References

No formal proposal to enter health insurance, says LIC

Life Insurance Corporation (LIC) has clarified that there is currently no formal proposal for it to enter the health insurance space. This clarification comes amid expectations that composite licenses may be permitted by amending the Insurance Act, which currently does not allow life insurers to underwrite health insurance policies. A parliamentary panel had earlier suggested the introduction of composite licensing for insurers to undertake life, general, or health insurance under one entity, which could lead to cost savings and offer customers more choice and value.

  • Japan's Credit Saison tastes success in India, to expand loan book
  • Life insurers' margins may take a hit on early surrender directive
  • Reliance Cap resolution: NCLT to hear IIHL plea for deadline extension on June 20
  • Rajib Kumar Mishra ceases to be chairman of PFS, CMD of PTC India after Sebi's order
  • UAE's Alterra commits $1 billion to Brookfield’s climate fund
  • India Inc looking for credit to fund capex, corporate loan worth Rs 5 lakh cr in pipeline: SBI Chief
  • CAMS Repository Services launches insurance portfolio management platform
  • IRDAI asks life insurers to offer surrender value in first year
  • ATM operators seek Rs 2 hike in interchange fee for viability
  • Hindujas seek more time from NCLT to pay Reliance Capital lenders
  • Irdai accepts registration withdrawal application of Paytm General Insurance
  • Banks, NBFCs well placed to seize opportunity from India's strong economic prospects: ICRA
  • Hindujas seek more time from NCLT to pay Reliance Capital lenders
  • Irdai accepts registration withdrawal application of Paytm General Insurance
  • Banks, NBFCs well placed to seize opportunity from India's strong economic prospects: ICRA
  • NBFC-MFIs largest provider of micro-credit: Report
  • Deposit rates peak; to move downwards in medium term: SBI Chairman
  • Banks need to push CASA for deposit growth and protect margins

Banking

  • Japan's Credit Saison tastes success in India, to expand loan book
  • India Inc looking for credit to fund capex, corporate loan worth Rs 5 lakh cr in pipeline: SBI Chief
  • ATM operators seek Rs 2 hike in interchange fee for viability
  • NBFC-MFIs largest provider of micro-credit: Report
  • Deposit rates peak; to move downwards in medium term: SBI Chairman

Finance

  • Reliance Cap resolution: NCLT to hear IIHL plea for deadline extension on June 20
  • Rajib Kumar Mishra ceases to be chairman of PFS, CMD of PTC India after Sebi's order
  • UAE's Alterra commits $1 billion to Brookfield’s climate fund
  • Hindujas seek more time from NCLT to pay Reliance Capital lenders
  • Banks, NBFCs well placed to seize opportunity from India's strong economic prospects: ICRA

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    Banking News: Read Today's Banking News, Banking Latest Updates | The Economic Times (2024)

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