Anchor Investors help SBI Life Insurance’s IPO raise Rs. 2226 crore

SBI Life Insurance opened up for public subscription on Wednesday and the issue was able to raise Rs. 2226 crore with the help of its anchor investors. The list of anchor investors includes names such…

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Multiple disruptions in the Insurance Sector, reflects report

According to a report, the insurance industry in the country is undergoing lots of disruptions. And there are projections that it will only go higher in the future. Disaggregation of the value chain is one…

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SBI Life Insurance Company’s IPO gets 13% subscriptions

State Bank of India’s insurance arm, SBI Life Insurance got started with its IPO. The IPO issue by the insurance company got 13% subscription or 13x. As of today, the issue stands at 8,82,00,000 shares….

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Sebi Approves New India Assurance’s IPO

As per the latest updates by SEBI, New India Assurance has received a green flag for its Initial Public Offering. New India Assurance, the state-owned non-life insurance company, which also happens to be the largest…

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Two state owned general insurance companies to help government raise Rs. 15000 crores

According to a couple of merchant banking sources, the government will be able to raise Rs. 15000 crores by taking two state-owned general insurance companies public. At present, there are five general insurance companies owned…

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SBI Life Insurance IPO to hit the markets on September 20

SBI Life Insurance, the insurance arm of State Bank of India will open up to initial public offering or IPO on the 20th of September. The intention of joining the capital market is to raise…

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IRDAI allows you to open an Online Insurance Account using OTP

Insurance Regulatory and Development Authority of India or IRDAI has given a green flag to the usage of One Time Password or OTP for the opening of an e-insurance account. This move aims to provide…

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SBI Life Insurance IPO launch may happen later this month, likely to fetch Rs. 8000 crores

In the third week of this month, State Bank of India will most likely launch the public offering or IPO of its insurance arm, SBI Term Life Insurance. With the IPO the PSU bank aims…

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IRDAI confirms that Aadhar data is not mandatory for insurance products

The Insurance Regulatory and Development Authority of India (IRDAI) has made it clear that it is not mandatory for insurance companies to use Aadhar number to authenticate clients or policyholders. They can do so only…

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MD Rajesh Sud says Max Life is exploring business opportunities with insurance companies

Max Life Insurance is on the lookout for a new business venture with insurance companies and the deal will be backed by the banking division. This comes in after the last deal with HDFC Life…

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