Paytm now provides online insurance premium payment solutions for over 30 insurance companies.
New India Assurance's Rs 10,000 cr IPO to hit market in first week of November; more insurers to follow
The offer comes soon after the Rs 11,370 crore IPO of General Insurance Corp. of India Ltd (GIC Re), which will be listed on 25 October. It has already been oversubscribed by over 1.35 times.
The promoter entities - ICICI Bank and Farifax Holdings -- will dilute their holdings by close to 19 percent through a public offer
The public issue by the private life insurer involves its promoters offloading up to 12 crore equity shares of face value of Rs 10 each through offer of sale route, SBI Life said
Both the partners will pick up equal stake in the third largest private life insurer, after HDFC Life (post merger with Max Life) and ICICI Prudential Life
Wilfully ignoring all the carefully crafted guidelines, senior SBI officials, in order to generate an additional income, give branches targets to deliver insurance premiums
LIC the country's largest insurer, has seen its market share slip to 70 percent this fiscal as its new business premium shrunk by over 21 percent in April-December period.
According to a report published in Business Line today, the Pension Fund Regulatory and Development Authority want the seven insurance companies which are managing National Pension Scheme to pay better annuity rates.