High reinsurance costs a bigger worry for life insurers
Financial Express Kochi|December 17, 2024
Aditya Birla Sun Life Insurance (ABSLI), which ended FY24 with around ₹17,500 crore in gross written premiums (GWP), aims to double its business in the next three years.
KAMLESH RAO, MD, ADITYA BIRLA SUN LIFE

including recent additions like IDFC First Bank, Bank of Maharashtra, and Axis Bank. Business from Axis Bank is expected to pick up in H2FY25, and the three new partners are projected to contribute 10-15% of our topline this fiscal. In addition, business from our largest partner, HDFC Bank, has grown 35% year-on-year. We have also made some significant investments including agency and direct business. That will also help the premium growth on the proprietary side of the business.

FM and Irdai chairman recently urged banks to focus on core products rather than selling insurance. Will this impact your distribution strategy?

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Denne historien er fra December 17, 2024-utgaven av Financial Express Kochi.

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FLERE HISTORIER FRA FINANCIAL EXPRESS KOCHISe alt
Financial Express Kochi

Maha budget: ₹36K cr to Ladki Bahin; 3rd airport for Mumbai metro region

THE MAHARASHTRA GOVERNMENT on Monday allocated ₹36,000 crore for the Ladki Bahin scheme but did not announce a hike in the allowance, proposed to increase Motor Vehicle Tax by 1% on CNG and LPG vehicles, as it presented a ₹7,00,020 crore budget for the fiscal 2025-26.

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2 mins  |
March 11, 2025
Financial Express Kochi

Mark Carney wins race to lead Liberal Party, and Canada

FORMER CENTRAL BANKER Mark Carney won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as prime minister, official results showed on Sunday.

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1 min  |
March 11, 2025
Financial Express Kochi

Broken rice exports to W Africa, Indonesia markets set to rise

THE GOVERNMENT'S MOVE to lift the ban on broken rice exports—the last of the restrictions on the shipments of the grain—is likely to aid market expansion in west African countries, including Gambia, Benin and Senegal, and Indonesia in the next fiscal, according to exporters.

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1 min  |
March 11, 2025
Financial Express Kochi

How a personal problem led to a solution for many

IN 2014, A year after graduating from IIT Roorkee, life for Harshil Mathur and Shashank Kumar was all about taking the familiar course of working in large global corporations abroad.

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4 mins  |
March 11, 2025
Financial Express Kochi

Irdai chief post: Govt invites applications

THE GOVERNMENT HAS invited applications for the post of chairperson of the Insurance Regulatory and Development Authority of India (Irdai) ahead of the completion of incumbent Debasish Panda's tenure on March 13.

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1 min  |
March 11, 2025
Financial Express Kochi

Govt's FY25 spending to exceed revised estimate

THE CENTRE ON Monday sought Parliament's approval for net additional spending of ₹51,463 crore in the second batch of supplementary demand for grants for FY25, which could lead to government expenditure exceeding the revised estimate (RE) of ₹47.16 lakh crore, sources said.

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1 min  |
March 11, 2025
Financial Express Kochi

Noida Airport opening delayed to June qtr: Zurich Airport CFO

THE OPENING OF the Noida International Airport, which is running six months behind schedule, is slated for inauguration in the June quarter, a top official of Zurich Airport said.

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1 min  |
March 11, 2025
Financial Express Kochi

Prices of veg, non-veg thali down 5% in February: Crisil

THE COST OF vegetarian and non-vegetarian thali declined by 5% on-month in February due to lower vegetable and broiler prices, a report by Crisil Market Intelligence and Analysis said on Monday.

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1 min  |
March 11, 2025
Financial Express Kochi

Strengthening higher education

NITI Aayog focus on raising quality of state public universities is welcome, but it must not neglect support to self-financed higher education institutions

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3 mins  |
March 11, 2025
Financial Express Kochi

BluSmart Targets to Turn Profitable in 5-6 Quarters

EV CABAGGREGATOR BluSmart is likely to turn profitable in the next five to six quarters, according to the guidance given by its management recently to a group of investors.

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1 min  |
March 11, 2025