Insurance Archives - Page 9 of 11

24 Apr

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

MFNewsBrands, Breaking News, Business, Health, Insurance, Opinions, Shares, Technology, Travel

#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

MFNewsBreaking News, Business, Insurance, Opinions, Technology

#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,…

17 Apr

ICICI Prudential Life Insurance Profit After Tax grows by 39.6% to ₹ 1,189 crore in FY2025

MFNewsBrands, Business, Insurance, Shares, Technology

#ICICIPruLifeGrowsby39.6% Final dividend of ₹ 0.85 per share declared Chandigarh: ICICI Prudential Life Insurance registered a strong growth of 39.6% in its Profit After Tax (PAT) to 1,189 crore for FY2025. The Value of New Business (VNB), which represents the present value of future profits, stood at 2,370 crore with a VNB margin of 22.8% in FY2025. The total Annualised Premium Equivalent (APE) grew by 15% year-on-year to 10,407 crore in FY2025. Retail protection business APE grew by 25.1% year-on-year to 598 crore in FY2025. Annuity business grew at a two-year CAGR of 31.4% in FY2025. The Company’s retail New…

12 Apr

Over 1 Lakh Policyholders Earn Rewards as Aditya Birla Health Insurance’s HealthReturns™ Model Drives 350+ Billion Steps

MFNewsBusiness, Health, Insurance, Opinions

#1LakhPolicyholdersHealthReturns Chandigarh, April 08, 2025: On the occasion of World Health Day, Aditya Birla Health Insurance Co. Ltd., (“ABHICL”), the health insurance arm of Aditya Birla Capital, India’s leading diversified financial services company, has announced that over 1 Lakh policyholders have benefited from their first-of-its-kind HealthReturns™ model for making healthier lifestyle choices and maintaining good heart health, monitored by its Healthy Heart Score™ in FY’25 (April 2024-March 2025). The HealthReturns™ model essentially focuses on regular physical activity, with access to expert health guidance which helps deliver improved health outcomes for customers. This commitment to health is evident in their daily…

11 Apr

Bajaj Allianz Life Insurance Launches Comprehensive Protection Solution Exclusively for Women

MFNewsBrands, Business, Health, Insurance, Opinions, Technology

Chandigarh: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, has launched Bajaj Allianz Life Superwoman Term (SWT), a comprehensive protection solution exclusively for women. This pioneering solution goes beyond traditional life insurance, offering financial security with term insurance benefits, critical illness benefits covering women specific conditions, an optional child care benefit, and health management services, ensuring holistic protection for women and their families. Women excel at taking care of their families, and their own financial security should be just as strong. Bajaj Allianz Life Superwoman Term helps them stay financially independent, supports them in securing their life…

03 Apr

GTA Home Sales Drop 23% in March as Listings Surge, Prices Also dropping

MFNewsBusiness, Insurance, Opinions, Travel

5,011 homes were sold last month, a significant decrease from the 6,519 transactions recorded in March 2024 Toronto: Home sales in the Greater Toronto Area (GTA) saw a sharp decline in March, dropping 23.1% compared to the same period last year, as an influx of new listings helped ease market pressures. According to the Toronto Regional Real Estate Board (TRREB), 5,011 homes were sold last month, a significant decrease from the 6,519 transactions recorded in March 2024. On a seasonally adjusted basis, sales also slipped 2.4% from February. Meanwhile, sellers entered the market in greater numbers, with 17,263 new listings…

29 Mar

Rs 2,00,000 crore worth unclaimed assets in India include equity shares, FD, bonds etc.

MFNewsBreaking News, Business, Insurance, Mutual Funds, Opinions, Shares, Technology

Now Nominees Can Now Access Stocks And Mutual Funds Of Deceased Investors Via DigiLocker From April 1 Mumbai: According to media reports, there are Rs 2,00,000 crore worth unclaimed assets in India. These include equity shares, fixed deposits, bonds and other instruments. In most of the situations, where no body claims, the money flows into an investor protection fund. In another major move, the government has introduced a significant benefit for the nominees of deceased investors, allowing them to access the mutual funds and stocks of the deceased. Starting April 1, registered nominees will be able to retrieve information and…

27 Mar

Bank of India partners with The New India Assurance for Enhanced General Insurance Products

MFNewsBrands, Business, Insurance, Shares, Technology

#BankofIndiaTheNewIndiaAssurance Chandigarh: Bank of India, one of India’s leading public sector banks and New India Assurance Co. Ltd.(NIACL), India’s premier insurance company have entered into a strategic partnership on 24th March, 2025, at its Head Office in Mumbai to offer a wide range of general insurance products to the Bank’s customers. With this tie-up, Bank of India’s customers will have access to insurance solutions, including health, motor, personal accident, home, and commercial insurance products offered by NIACL, a systemically important insurance company. Speaking on the occasion, Shri Rajneesh Karnatak, MD & CEO, Bank of India, stated “The tie-up is a…

27 Mar

भारत से हेल्थ और टर्म इंश्योरेंस खरीदने वाले एनआरआई के लिए टैक्स डिस्काउंट के विकल्प मौजूद

MFNewsBrands, Business, Insurance, Shares, Technology

मोहाली: हेल्थ और टर्म इंश्योरेंस पॉलिसी आवश्यक सुरक्षा प्रदान करते हैं, जिससे ज़रूरत के समय बेहतर स्वास्थ्य सेवा और वित्तीय सुरक्षा प्राप्त होती है। भारतीय बीमा पॉलिसियों को और भी आकर्षक बनाने वाली बात यह है कि अन्य देशों की तुलना में अधिक किफायती, बेहतर कवरेज और टैक्स बेनिफिट आदि लाभ प्रदान करते है। भारत से इंश्योरेंस लेना सिर्फ परिवार की सुरक्षा के लिए ही आवश्यक नहीं है बल्कि यह एनआरआई के लिये वित्तीय रूप से एक स्मार्ट कदम है। सिद्धार्थ सिंघल, हेड-हेल्थ इंश्योरेंस, पॉलिसीबाजार डॉट कॉम ने कहा कि भारत में हेल्थ और टर्म इंश्योरेंस पर आम तौर पर…

25 Mar

81% of Indians Underestimate Their Life Cover Needs: Bajaj Allianz Life Survey

MFNewsBreaking News, Business, Insurance, Opinions, Technology

#BajajAllianzLifeSurvey2025 · The actual coverage held by Indians was just 3.1 times their income, significantly below the industry-recommended 10x benchmark. · 1 in 3 Indians have never reviewed their life insurance coverage, even after major life events like marriage, childbirth, or income growth. · Despite inadequate coverage, 82% of Indians are confident that their life insurance will sufficiently secure their family's financial future Chandigarh: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, has released a comprehensive study titled ‘Underinsurance Survey 2025’, conducted in collaboration with NielsenIQ. The survey covered 2,000 individuals across metro, tier 1, and tier…