Mahindra, Canada’s Manulife to invest Rs 7,200 crore in life insurance JV
According to the stock exchange filing, the total capital commitment for the venture will be Rs 7,200 crore, with each company investing Rs 3,600 crore. T
According to the stock exchange filing, the total capital commitment for the venture will be Rs 7,200 crore, with each company investing Rs 3,600 crore. T
This was low compared to Rs 31,822.69 crore in the same month last year.
The life insurance industry recorded a strong performance in June 2025, with new business premiums (NBPs) rising by 4.25 per cent year-on-year, according to data released by the Life Insurance Council.
On the occasion, he also laid the foundation stone of the Main campus of Maharana Pratap Horticultural University, Karnal.
The GST Council will hold its next meeting in Rajasthan’s Jaisalmer on December 21, during which it is likely to take a decision on exempting or lowering the GST rate on health and life insurance.
Annuity products enable customers to plan for their retirement and are available in two variants i.e. Immediate and Deferred Annuity.
A company statement said, “Kandpal has been with SBI General Insurance as the deputy CEO since June 2019.”
This latest transaction comes a few days after the bank sold 3.6 per cent stake in ICICI Lombard General Insurance Company for around Rs 2,250 crore.
The policy takes care of hospitalisation costs, which will help curb the financial burden that may arise if a person is declared COVID-19 positive.
IRDAI had on March 23 and April 4 announced an additional grace period of 30 days for policies where the premium was due in March and April.
