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Max Life, HDFC Life 'committed to merger', weighing options

Max Life, HDFC Life 'committed to merger', weighing options

Max India on Thursday said Max Life and HDFC Life remain committed to merger and are evaluating various options after the insurance regulator Irdai again expressed reservations on the deal.

Financial sector readies for IPO rush worth over Rs 20,000 crore

The IPO market is heading for a heavy rush with a number of high-profile names including UTI Mutual Fund and SBI Life expected to launch their initial public offers amounting to Rs 20,000 crore in coming months.

Max Life, HDFC Life merger to be completed in 12 months

With Max Financial Services getting merger approval from minority shareholders, the amalgamation of Max Life and HDFC Life is likely to be completed in the next 12 months.

HDFC Life to merge with Max Life, set to become biggest private life insurer

HDFC Life to merge with Max Life, set to become biggest private life insurer

Singalling more consolidation in the cluttered life insurance space, HDFC and Max groups Monday decided to merge their life insurance businesses to create the biggest private life insurer with combine asset base of Rs 1.1 lakh crore in a complex multi-stage share swap deal.

HDFC Life IPO likely in mid-2016

HDFC Life IPO likely in mid-2016

Mortgage lender HDFC Monday said it is likely to go for public listing of its life insurance subsidiary in mid-2016 once its joint venture partner Standard Life hikes stake to 35 percent.

CCI clears Standard Life's additional stake buy in HDFC Life

The British firm would be increasing its stake to 35 percent from 26 percent as the Indian government has allowed up to 49 percent FDI in the domestic insurance sector.

HDFC to sell 9% stake in HDFC Life to UK firm for over Rs 1700 crore

HDFC on Friday said it will sell 9 percent stake in HDFC Life to its British joint venture partner Standard Life for a little over Rs 1,700 crore.

HDFC Life listing only after Standard Life stake hike

A senior official of mortgage lender HDFC said Wednesday that a decision to list its life insurance arm, HDFC Life, will be taken only after its joint venture partner Standard Life hikes its stake in the company.

HDFC Life to sell shares to Premji trust for about Rs 199 cr

The shares to be sold, represent 0.95 percent of the total issued and paid-up equity capital of HDFC Life.

HDFC Life launches Health Assure Plan

Private insurer HDFC Life on Monday launched a health insurance product Health Assure Plan that aims to provide a comprehensive health cover.

HDFC Life expects premium growth of 10-15% in FY'15

The company's total premium witnessed 7 percent growth at Rs 12,063 crore in 2013-14, compared to Rs 11,323 crore in the previous fiscal.

HDFC Life to launch 21 ULIPs, traditional plans by Jan 2014

Private insurer HDFC Life on Thursday said the company is planning to launch by January 2014 about 21 products, of which 10 will be market-linked and 11 traditional plans, in compliant with new regulations issued by the IRDA.

HDFC Life launches two traditional pension plans

HDFC Life launched two traditional pension plans - Personal Pension Plus, a participating plan - and Guaranteed Pension Plan - a non-participating plan.

HDFC Life launches ClassicAssure Plus

HDFC Life Thursday launched a participating, traditional insurance plan, ClassicAssure Plus, with limited premium payment term and a guaranteed reversionary bonus during the premium payment term.

HDFC Life launches Health Assure Plan

Private insurer HDFC Life has launched its new health insurance product, Health Assure Plan, which is aimed at providing a comprehensive health cover.

HDFC Life FY’13 Net up 66% at Rs 451 crore

Private general insurer HDFC Life Tuesday reported 66.42 percent growth in net profit at Rs 451 crore in 2012-13, driven by healthy expansion in new business premium and other fronts.

IRDA probing money laundering allegations against insurers

Insurance regulator IRDA Monday said it is examining the allegations of money laundering levelled against LIC, Reliance Life, Tata AIA and Birla Sunlife and action will be taken against the guilty at the earliest.

Irda report on money laundering by insurance cos likely next week

Insurance regulator Irda Friday said it is likely to finalise report by next week on the allegations of money laundering by three companies - HDFC Life, ICICI Prudential Life and Max Life - following and expose by Cobarapost.

HDFC Life launches single-premium ULIP

The company will continue to add new products for Wisdom Investor segment.