At a premium?
New York Life last month exited its decade-long life insurance partnership with Max India by selling its 26 per cent stake to Mitsui Sumitomo for Rs 2,731 crore. Investors in quite a few other life insurance companies are also looking to sell their stake. That’s because the business case for the country’s 23 private life insurers doesn’t look very good. Twelve years after the sector was thrown ...
Life insurance: Battling against the odds
The life insurance sector has witnessed robust growth in the past decade with private players entering the fray. But rapid changes in the regulations and highly volatile equity markets were duly mirrored in the new business premium for the industry in the last one year.
Why Piramal Healthcare is like Berkshire Hathaway
Piramal is pragmatic when he says he's equally clear the conglomerate approach may not be beneficial in the long run. "It's not that we are married to the idea of having everything together permanently."
Student loans: Pay them off, or invest elsewhere?
Student loans at currently low interest rates should be paid off as quickly as possible, because there aren't many better investments out there. Student loans are question one in this week's mailbag.
Top private life insurers shut 1,500 branches in 2 years
With "profitable growth" replacing "expansion drive" as the buzzword in the sector, the country's top private life insurers have significantly reduced branches and employees over the last couple of years to cut costs and improve efficiency.