Insurance - general
SpaceX Weighs Historic $25 Billion IPO in 2026 with Sights on $1 Trillion Valuation
By Axel Miller | 10 Dec 2025
SpaceX eyes a potential $25 billion IPO in 2026, targeting a $1 trillion valuation driven by Starlink growth and Starship expansion.
Employees Provident Fund centralises pension scheme
05 Jan 2025
Employees Provident Fund Organisation (EPFO), which manages the retirement funds of all employees covered by the provident fund scheme
Indian general insurance sector logs 27.53% growth in Oct. Four insurers log three digit growth
By Venkatachari Jagannathan | 15 Nov 2024
The Indian general insurance sector logged 27.53% gross direct premium growth last month with four players registering a three digit growth as compared to the previous year’s corresponding period.
EPF to pay 8.25% interest to subscribers for FY2023-24
12 Feb 2024
The Central Board of Trustees of the Employees Provident Fund Organisation (EPFO), at its meeting on 10 February 2024, recommended payment of annual interest of 8.25 per cent
Chennai tax officials issue a Rs. 663 crore GST demand notice to LIC
04 Jan 2024
The Life Insurance Corporation of India (LIC) stated on Wednesday, 3 January 2024, that tax authorities have issued a demand notice amounting to approximately Rs 663.45 crore, citing short payment of Goods and Services Tax (GST).
LIC gets a 10-year exemption from the 25% public shareholding rule
21 Dec 2023
In a significant development, the state-owned Life Insurance Corporation of India (LIC) announced on Thursday, 21 December 2023, that it has secured a one-time exemption from the Finance Ministry regarding the 25% public shareholding rule.
LIC gets a 10-year exemption from the 25% public shareholding rule
21 Dec 2023
In a significant development, the state-owned Life Insurance Corporation of India (LIC) announced on Thursday, 21 December 2023, that it has secured a one-time exemption from the Finance Ministry regarding the 25% public shareholding rule.
Zurich Insurance set to invest $500 million for majority stake in Kotak General Insurance
02 Nov 2023
Zurich Insurance Company, a major Swiss-based insurer, is set to invest approximately Rs 4,051 crore, or U.S. $500 million, to acquire a controlling stake of 51 percent in Kotak General Insurance.
LIC IPO subscribed 166% on day 4 as policyholders bid nearly 5 times the reserved portion
09 May 2022
The Ritual of Hiking Third Party Motor Insurance Premiums!
14 Mar 2022
The general insurance industry reported total motor insurance premium of Rs68,951 crore and settled total claims of Rs38,071 crore for 2019-20, earning a gross surplus of Rs30,880 crore
Is COVID-19 covered under Health Insurance ?
17 Mar 2020
In the last two weeks, the public at large from all over India has been seeking advice on Health Insurance and Term Insurance. Even Indians already in foreign countries who have an Overseas Travel Policy have asked whether it covers treatment for COVID-19 abroad, if required
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