Insurance Archives

14 May

Reliance Nippon Life Insurance Delivers profits before taxes of ₹247 crore leading to a 25% increase in PBT

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#RelianceNipponLifeProfitUp Chandigarh: Reliance Nippon Life Insurance Company Ltd. (RNLIC), one of India’s leading life insurance companies, today announced its audited financial results for the financial year ended March 31, 2025. The company delivered a steady performance across key metrics while continuing to strengthen its customer focus and operational resilience. For FY2024-25, RNLIC reported a Profit Before Tax (PBT) of ₹247 crore, reflecting a strong growth of 25% over the previous year (₹198 crore in FY2023-24). The company’s Assets Under Management (AUM) stood at ₹38,725 crore, marking a 9% year-on-year growth. New Business Premium (NBP) grew to ₹1,245 crore, and Total…

07 May

Bajaj Allianz Life declares its highest ever bonus of ₹1,833 crore for the participating policyholders

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#BajajAllianzLifebonus · Over 11.71 lakh policyholders to benefit from the bonus declared for FY2025 · Special Bonus of 5%, amounting to ₹206 crore has been announced for policyholders of Bajaj Allianz Life ACE – Wealth Option and Bajaj Allianz Life Flexi Income Goal – Enhanced Benefit. Chandigarh: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, has announced a record bonus of ₹1,833 crore for the financial year 2024–25 (FY25), its highest ever to date. This marks a significant 32% increase over the ₹1,383 crore bonus declared in FY24. The bonus will benefit over 11.71 lakh policyholders who…

01 May

KFin Technologies Introduces New-Gen KYC Solution to Streamline Customer Onboarding

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#KFinTechNewGenKYC Chandigarh: KFin Technologies Limited ("KFin Technologies"), a leading provider of global investor and issuer solutions today announced the launch of KFIN KRA, a specialized KYC Registration Agency operating through its wholly owned subsidiary, KFin Services Private Limited (KFSPL). This new entity will serve as a New-Gen KYC Registration Agency (KRA), designed to address the increasing complexity of customer onboarding in India's rapidly expanding digital economy. In an era where digital transactions continue to surge, investors and financial institutions face mounting challenges from evolving regulatory frameworks and fragmented identity verification systems. KFIN KRA addresses these challenges by delivering a unified,…

01 May

Canara HSBC Life Insurance Company Limited files DRHP with SEBI for an IPO

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#canarahsbclifeinsuranceipo Chandigarh: Canara HSBC Life Insurance Company Limited, a prominent bank led private player in the Indian life insurance sector has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited are the promoters of the company. The offer comprises of an Offer for sale of up to 237,500,000 Equity Shares of face value of ₹10 each, (The “Offer for Sale”) including up to 137,750,000 equity shares by Canara Bank (“Promoter Selling Shareholder”); up to 4,750,000 equity shares by HSBC Insurance (Asia-Pacific) Holdings Limited (“Promoter Selling Shareholder”);…

01 May

SBI General Insurance Launches Flexi Home Insurance: A Customizable Home Insurance

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#SBIGIFlexiHomeInsurance Chandigarh: SBI General Insurance, one of India’s leading general insurance providers, has launched SBI General Flexi Home Insurance. It is a comprehensive and flexible insurance policy designed to provide financial security to diverse residential needs, including owned and rented properties, as well as housing societies. The ‘SBI General Flexi Home Insurance’ offers greater flexibility and allows customers to design a tailor-made home insurance policy as per their requirements. The unique feature of this product is that it offers customer a Stand-Alone “Fire" only insurance cover as mandatory, complemented by an extensive range of perils and add-ons that ensures personalized…

26 Apr

PM Narendra Modi distributed more than 51,000 appointment letters to newly appointed youth

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#PMNarendraModi51000appointments Mission, with a goal to promote the 'Make in India' initiative and provide India's youth with the opportunity to create globally standardized products: PM Mumbai: The Prime Minister Shri Narendra Modi addressed the Rozgar Mela and distributed more than 51,000 appointment letters to newly appointed youth in various Government departments and organizations via videoconferencing today. Addressing the gathering, he emphasized that today marks the beginning of new responsibilities for these youth in different departments of the Government of India. He remarked that their duties include strengthening the nation's economic framework, bolstering internal security, contributing to the construction of modern…

25 Apr

Reliance Foundation Sir HN Hospital, Mumbai will offer free treatment to all the injured in Pahalgam

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#MukeshAmbaniReliancePahalgam Mumbai: Mukesh Ambani, Chairman and MD, Reliance Industries expressed condolences on behalf of the Reliance family on the death of innocent Indians in the barbaric terrorist attack in Pahalgam. He said that we express our heartfelt condolences to the bereaved families. We wish a speedy and complete recovery to all those injured in the attack. Mukesh D Ambani, Chairman and Managing Director, Reliance Industries Limited, “I am joined by everyone in the Reliance family in mourning the deaths of innocent Indians in the barbaric terrorist attack in Pahalgam on 22nd April 2025. We offer our heartfelt condolences to the families…

25 Apr

SBI Life Insurance registers New Business Premium of Rs. 35,577 crores

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#SBILifeNBP35577cr Chandigarh: SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of Rs. 35,577 crores for the year ended on 31st March, 2025 vis-a-vis Rs. 38,238 crores for the year ended March 31, 2024. Regular premium has increased by 11% over previous year ended on 31st March, 2024. Establishing a clear focus on protection, SBI Life’s protection new business premium stood at Rs. 4,095 crores for the year ended March 31, 2025. Protection Individual new business premium stands at Rs. 793 crores for the year ended March 31, 2025. Individual New Business…

24 Apr

SBI General Insurance PAT zooms at 112% YoY to Rs. 509 crores

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#SBIGeneralInsurancePAT509crores Topline (GDP) shows strong growth at 10.6 %, growing 1.7 times faster than the industry Chandigarh: SBI General Insurance, one of India’s leading general insurance companies, today announced its financial results for FY25, marking a milestone as the company completes 15 years of operations. Continuing its robust growth trajectory, the company reported a Gross Written Premium (GWP) of INR 14,140 crores, recording a YOY growth of 11.1%. Excluding the impact of 1/n accounting norm, the GWP of the Company grew by 14.5% for FY25. SBI General Insurance has grown at 70% faster than the industry growth of 6.2%. Profit…

22 Apr

EPFO Adds 16.10 Lakh Net Members during February 2025

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#EPFOAdds16LakhMembers 7.39 Lakh New Members Enrolled with EPFO New Delhi: The Employees' Provident Fund Organization (EPFO) has released provisional payroll data for February 2025, revealing a net addition of 16.10 lakh members. The year-on-year analysis reveals a growth of 3.99% in net payroll additions compared to February 2024, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives. Key highlights of the EPFO Payroll Data (February 2025) are as follows: New Subscribers: EPFO enrolled around 7.39 lakh new subscribers in February 2025. This addition of new subscribers can be attributed to growing employment opportunities,…