Following Axis Max Life Insurance's second-quarter results for 2025-26, Sumit Madan, managing director and chief executive officer of the company, speaks to Aathira Varier and Subrata Panda/Business Standard about growth aspirations, strategies to offset the impact of the input tax credit (ITC) withdrawal, reverse merger plans, and more.
'However, this process will take some time. Depending on the approval timeline, it may span a few quarters.'
Shares of Indian life insurance companies, particularly SBI Life Insurance and Canara HSBC Life Insurance, saw significant declines after the Department of Financial Services (DFS) secretary, M Nagaraju, stated that banks are being asked to avoid exclusive tie-ups with their own insurance subsidiaries and instead remain neutral.
Max Life Insurance plans to hire 30,000 agents and open 50 to 100 new offices in the financial year 2024-25 (FY25) to drive premium growth, said Prashant Tripathy, managing director and chief executive officer of the company. The private insurer's total agent count will rise to 1,30,000 in FY25. It added 47,957 agents in FY24, 54 per cent more than the year before.
The loss of input tax credit (ITC) following the rationalisation of the goods and services tax (GST) on individual life and health insurance from 18 per cent to nil is may weigh on the profits of life insurers in the third quarter (Q3) of 2025-26 (FY26).
The life insurance industry recorded nearly 40 per cent year-on-year (Y-o-Y) growth in new business premiums (NBP), aided by the rationalisation of goods and services tax (GST) on individual life insurance premiums, which has made policies more affordable for consumers.
Sonam Bajwa shares her candid experience navigating the pressures of fan expectations and the initial scepticism from Bollywood producers regarding her Hindi film debut.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Apple has announced that John Ternus will succeed Tim Cook as CEO in 2026. Ternus, the current senior vice president of Hardware Engineering, will take over as Cook transitions to executive chairman of the board. This change marks the end of Cook's long tenure and the beginning of a new chapter for Apple.
'You left young at heart, still eager to sing with the new generation entering the musical duniya.'
Explore a curated list of 10 Indian films that masterfully condense their narratives into a single day, showcasing how limited timelines can enhance storytelling and character development, from thrillers like 'NH10' and 'Kaithi' to comedies like 'Taxi No 9211'.
'Each mother I have played is different, but the writing dictates the doing of it. If it's written well, that's half the work done for an actor.'
Dutch chess Grandmaster Jan Timman, known as "the best of the West" in a time when chess was dominated by players from the Soviet Union, has died at the age of 74, the Dutch Chess Federation said on Thursday.
New business premiums of life insurance companies dropped 5.2 per cent year-on-year (YoY) in August to Rs 30,959 crore, owing to a double-digit decline reported by state-owned Life Insurance Corporation (LIC), data from the Life Insurance Council showed. LIC recorded a 17 per cent YoY fall in new business premiums to Rs 16,023 crore during the month, while private life insurers reported a 12 per cent YoY increase to Rs 14,936 crore.
Max New York Life on Wednesday announced the launch of a unit-linked endowment plan, Life Maker Premium.
One Battle After Another was among the big winners of the 98th Academy Awards, with six wins.
Private insurance company Max New York Life on Wednesday announced the signing up of Indian cricket team's vice captain Rahul Dravid as their brand ambassador.
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Shivam Dube's explosive innings helped India recover from a slow start against the Netherlands in the T20 World Cup, after the top order struggled against Aryan Dutt's spin bowling.
Arundhati Roy's 1989 film, In Which Annie Gives It Those Ones, which won two National Awards for Best Screenplay for Roy and Best Feature Film in English, is among the line-up of 10 films for the Berlinale Classics segment.
Experts warn of the dangers of online gaming addiction among adolescents, citing limited social interaction, blurred realities and the potential for tragic outcomes. Recent incidents highlight the need for awareness and intervention.
Recent years have been turbulent for the insurance industry due to direct and indirect tax reforms, regulatory overhaul and other external pressures. The events cumulatively slowed growth rate to single digits from the high teens seen earlier.
The Briton goes into Sunday's title decider in Abu Dhabi 12 points clear of Red Bull's Max Verstappen with McLaren teammate Oscar Piastri a further four behind.
Mark Tully, the renowned journalist, author, and Indophile, has passed away at the age of 90. He spent a lifetime in India as a journalist, mingling with its people and telling their stories.
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The data for individual weighted received premium (WRP) showed divergent trends for life insurers in December 2024. Overall, the industry's individual WRP grew 4.8 per cent year-on-year (Y-o-Y); LIC's individual WRP declined 13 per cent while private players saw 11.4 per cent growth.
Homebound missed an Oscar nomination; Sinners broke the record by getting the most nominations ever, at 16 counts.
The insurance industry is trying to get to grips with provisions in the proposed Insurance Amendment Bill, which gives additional powers to the Insurance Regulatory and Development Authority of India (Irdai), while there is ambiguity in the very definition of the insurance business, according to industry experts.
Both the life and non-life insurance segment posted over 20 per cent premium growth in November for the first time in this financial year (FY26), supported by the reduction in goods and services tax (GST) on premiums from 18 per cent to zero and a favourable base effect.
'Natural ingredients like moringa, which have well-documented antimicrobial, anti-inflammatory and soothing properties, can play a significant role in improving menstrual comfort and intimate hygiene.'
Large chunks of Stranger Things Season 5, Volume 2 are exhausting and boring, despite the efforts of the likeable cast, with the '80s outfits and big hairstyles that were trendy then, looking earnest and hassled because the fate of the world depends on them, observes Deepa Gahlot.
Here's a quick look at all the winners of the 83rd edition of the Golden Globes.
Days after his ministry told smartphone makers to preload a state-run cybersecurity app on all new devices, Communications Minister Jyotiraditya Scindia on Tuesday said users are free to delete the Sanchar Saathi app, and it will remain dormant till they register on it.
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.
The new model is 5.6mm thick. CEO Tim Cook said it promises "pro performance in a thin and light design."
Insurance companies are processing a surge of claims related to the Air India plane crash in Ahmedabad, including travel, personal accident, and life insurance claims.
In the largest foreign investment in life insurance after the Reliance-Nippon deal last year, Japan's Mitsui Sumitomo (a unit of MS&AD Insurance Group Holdings) will buy 26 per cent stake in Max New York Life (MYNL) for Rs 2,731 crore (Rs 27.31 billion).
Goals from Pedro Neto and Enzo Fernandez earned Chelsea a 2-0 victory at lowly Burnley on Saturday, a win that moved the Blues within three points of Premier League leaders Arsenal.
Second-string Liverpool were thumped 3-0 by Crystal Palace as Ismaila Sarr struck twice for the visitors in the League Cup on Wednesday, booking the London side's spot in the quarter-finals and piling more misery on Arne Slot's struggling side.
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