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5 days ago | 
rediff.com | Aathira Varier |Subrata Panda
The claims will include three kinds of liabilities: Damage to the aircraft; loss of lives who were aboard the aircraft; including the crew members; and third-party liability because of loss of lives where the aircraft crashed; and cargo liability. IMAGE: Fire fighters at the AI 171 crash site, June 12, 2025. The crash of the Air India plane in Ahmedabad is expected to result in insurance claims of $130 million to $150 million, according to industry insiders.
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6 days ago | 
business-standard.com | Aathira Varier |Subrata Panda
Following the devastating Air India crash that claimed over 270 lives, Ramaswamy Narayanan, chairman and managing director (CMD) of state-owned reinsurer General Insurance Corporation of India (GIC Re), spoke to Aathira Varier and Subrata Panda in Mumbai about claims the insurance industry is expected to see as a result of the tragedy. Edited excerpts:What would be the claims outgo for the Air India crash?
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6 days ago | 
rediff.com | Aathira Varier |Subrata Panda
'The retail industry is still growing in double digits.'Tapan Singhel, managing director and chief executive officer Bajaj Allianz General Insurance, in an interview with Business Standard's Aathira Varier and Subrata Panda in Mumbai, talks about challenges facing the non-life insurance industry and his vision for its future direction. Following Allianz's decision to move out of the partnership, how has things changed for the company?
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2 weeks ago | 
business-standard.com | Aathira Varier |Subrata Panda
Tapan Singhel, managing director (MD) and chief executive officer (CEO), Bajaj Allianz General Insurance, in an interview with Aathira Varier and Subrata Panda in Mumbai, talks about challenges facing the non-life insurance industry and his vision for its future direction. Edited excerpts:Following Allianz's decision to move out of the partnership, how has things changed for the company? We have seen many movements in the industry before, and they've had no impact.
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1 month ago | 
business-standard.com | Subrata Panda |Aathira Varier
Following the company's 2024-25 (FY25) fourth-quarter (Q4) earnings, Prashant Tripathy, managing director and chief executive officer of Axis Max Life Insurance, spoke to Subrata Panda and Aathira Varier about the company's strategy for 2025-26 (FY26) and its ambition to become the third-largest listed private sector life insurance player in the next five years. Edited excerpts:At a time when the industry has underperformed, how do you evaluate your FY25 performance?
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2 months ago | 
business-standard.com | Aathira Varier |Subrata Panda
Vibha Padalkar, managing director (MD) and chief executive officer (CEO) of HDFC Life Insurance, in an interview with Aathira Varier and Subrata Panda, spoke about how the company bucked the industry trend in terms of growth during Q4 of FY25 while outlining the strategy for FY26. Edited excerpts:Given the industry's underwhelming show, how would you evaluate the company's performance in FY25? We have grown faster than the sector and this has resulted in expansion of our market share.
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Feb 24, 2025 | 
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.
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Feb 17, 2025 | 
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.
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Feb 5, 2025 | 
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?
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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:
