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Key News LIC gets RBI nod to increase stake in Kotak Mahindra Bank Private sector lender Kotak Mahindra Bank, on November 29, said the Reserve Bank of India (RBI) had granted its approval to Life Insurance Corporation of India (LIC) to increase holding in the bank up to 9.99 percent. The approval is valid for a period of one year, the bank said. This is subject to compliance with the provisions issued by the Securities and Exchange Board of India (SEBI), provisions of the Foreign Excha...
Key News - Life Insurance Corporation of India Ltd, Bharti AXA Life Insurance, Asian Paints Ltd, Reliance Industries Ltd, CoinDCX, By ARETE Securities
Life insurer Bharti Axa Life Insurance Company Ltd on Monday said it had paid Rs 106 crore in Covid-19 related claims during the first half of FY22. The company also said it had earned a total premium of Rs 1,023.88 crore during the same period up from Rs 912.39 crore earned during the previous year corresponding period. According to Bharti Axa Life, its 13th month persistency ratio (policy continuity) has improved to 64.4 per cent during the period under review, up from 60.7 per ...
Bharti Axa Life settles Rs 106 Cr as Covid related claims
MUMBAI/NEW DELHI : Bharti AXA Life Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, today announced its bancassurance partnership with Utkarsh Small Finance Bank, one of the leading Small Finance Bank in the country for the distribution of life insurance products through the Bank’s network of branches Pan-India. Through this alliance, Bharti AXA Life’s insurance co...
Bharti AXA Life Insurance Forges Bancassurance Partnership with Utkarsh Small Finance Bank
Work on integrating Bharti Axa General Insurance Company Ltd with ICICI Lombard General Insurance Company Ltd on multiple fronts has gained speed with the insurance regulator's final nod for the scheme of arrangement between the two players, said senior officials. In August 2020, ICICI Lombard announced the acquisition of the general insurance business of Bharti Axa General by way of a demerger. "During the last one year, while applying and getting the regulatory approvals for ...
Integration of Bharti Axa General with ICICI Lombard gains speed
Bharti AXA Life Insurance has announced the appointment of Rahul Bhuskute as its Chief Investment Officer (CIO). A company statement said that the appointment came into effect from June 1, 2021. Rahul Bhuskute is a tenured investment professional with decades of experience in creating and scaling up significant investment portfolios in Asia and Europe. Prior to joining Bharti AXA Life, he had a long stint with the ICICI Group in London and Mumbai, leading significant verticals in ...
Bharti AXA Life appoints Rahul Bhuskute as CIO
Bharti AXA Life Insurance has partnered with Fincare Small Finance Bank for distribution of life insurance products through the bank's pan-India network. Under this arrangement, Bharti AXA Life Insurance will offer its comprehensive suite of life insurance products, including protection, savings and investment plans, to the customers of Fincare Small Finance Bank across its 747 branches and digital network presence across the country. This alliance will make life insurance solutions...
Bharti AXA Life Insurance, Fincare Small Finance Bank join hands
Following the robust growth in the health segment in the first half of the financial year 2020-21, leading private non-life insurer Bharti AXA General Insurance strengthened its health insurance portfolio with wellness and Ayush benefits with the introduction of an innovative healthcare offering Health AdvantEDGE that provides holistic protection against mounting expenses related to medical exigencies and other healthcare services. Bharti AXA Health AdvantEDGE is also one of the few ...
Bharti AXA General boosts health segment with wellness and Ayush benefits amid COVID
Leading private non-life insurer Bharti AXA General Insurance has commenced its new app 'Krishi Sakha' to cater to the specific needs of farmers and guide them in adopting best farming practices and crop protection and enhancing productivity. Bharti AXA 'Krishi Sakha' aims at helping Indian farmers make informed decisions through customised information related to their farming requirements. It shares relevant information about the scientific way of farming, crop cultivation...
Bharti AXA updates farmers with `Krishi Sakha` app on farming practices, crop protection
With the lack of social bonding and the lopsided work-life balance accentuating anxiety level among urban Indians in the confinement period and triggering heart disease risks, the number of cardiovascular ailment cases is expected to increase exponentially amid the pandemic. In fact, the Covid-led restrictions have heightened stress and hypertension among urban people in the absence of social bonding and networking and underscored heart complications in the past few months. These ...
Lack of social bonding triggers anxiety, heart ailments among urban Indians amid Covid: Bharti AXA Study
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