New Delhi, May 5 (IANS) India’s banking, financial services and insurance (BFSI) sector remains largely stable despite global economic uncertainty, while segments such as hospitality, aviation and logistics are more directly impacted by external shocks, Deepak Parekh, former Chairman of HDFC Ltd (which merged into HDFC Bank Ltd), said on Tuesday.On the sidelines of the 2nd Edition CII BFSI Summit 2026, Parekh told media there is no major cause of concern for the banking, financial services and…
Latest Life Insurance News & Updates
New Delhi, Dec 22 (IANS) The number of people covered by life insurance in India has risen sharply over the last decade, increasing from about 15 crore in FY15 to nearly 40 crore in FY25, largely due to the rapid expansion of group and credit-linked insurance products, a new report said on Monday.This strong rise in coverage reflects the steady growth of India’s life insurance sector, which has recorded a compound annual growth rate of around 13 per cent over the past 20 years, according to Ca…