Aathira Varier

1 month ago | rediff.com | Abhijit Lele |Aathira Varier |Anjali Kumari

'I don't know when I will be able to access those funds.'IMAGE: Account holders at the New India Co-operative Bank's Versova branch, north west Mumbai. The Reserve Bank of India's decision to impose restrictions on the Mumbai-based New India Co-operative Bank following an alleged Rs 122 crore fraud came as a rude shock to thousands of depositors, many of whom had deposited large sums just days ago.

2 months ago | rediff.com | Subrata Panda |Aathira Varier

'Ideally, what we target is 35-40 per cent ULIP; 30-35 per cent non-par; 15-20 per cent from par; and the balance we try to do from annuities and others.'Kindly note the image has been published only for representational purposes. Following its Q3 earnings, Axis Max Life Insurance said its board approved a roadmap that envisages the listing of Axis Max Life through the merger of Max Financial Services into Axis Max Life.

2 months ago | business-standard.com | Subrata Panda |Aathira Varier

Following its Q3 earnings, Axis Max Life Insurance said its board approved a roadmap that envisages the listing of Axis Max Life through the merger of Max Financial Services into Axis Max Life. Prashant Tripathy, MD&CEO, Axis Max Life Insurance, in a conversation with Subrata Panda and Aathira Varier, spoke about the listing plan and discussed the company's performance. Edited excerpts:What is the merger plan with Max Financial Services and the subsequent listing plan of Axis Max Life Insurance?

Jan 15, 2025 | business-standard.com | Aathira Varier

Last year, private equity major Warburg Pincus acquired 100 per cent stake in Shriram Housing Finance, which is now re-branded as Truhome Finance. Ravi Subramanian, managing director (MD) and chief executive officer (CEO) of the company, tells Aathira Varier, at an interview in Mumbai, that he expects a fall in the cost of funding after the acquisition amid stronger capital position and better credit rating. Edited excerpts:

Jan 12, 2025 | rediff.com | Aathira Varier

The new business premium (NBP) of life insurance companies dropped 21.7 per cent year-on-year (Y-o-Y) to Rs 30,218.71 crore in December 2024 on the back of a steep fall in business. According to data published by the Life Insurance Council, LIC’s premium dropped 41.15 per cent Y-o-Y to Rs 13,523.87 crore while private insurers reported 7 per cent growth in NBP to Rs 16,694.85 crore as the industry absorbs the impact of the revised surrender value norms.