RM VISHAKHA
IndiaFirst Life Insurance appoints Rushabh Gandhi as MD & CEO
IndiaFirst Life Insurance has announced the elevation of Rushabh Gandhi, currently the deputy CEO, as its new MD and CEO. Gandhi, with over 29 years of experience in Indian and international markets, will succeed R.M. Vishakha, who is retiring on June 30. Gandhi's appointment is effective July 1 or upon regulatory approvals. The move aligns with the company's succession planning, leveraging Gandhi's strategic vision and experience in driving growth and profitability. His appointment is subject to IRDAI approval and other statutory clearances.
IndiaFirst Life Insurance strengthens leadership deck
“I am happy to announce the strategic leadership appointments of Sunder Natrajan as our CHRO and Amrish Maheshwari as the new CRO. Their proven expertise and dedication align seamlessly with our vision,” Vishakha RM, managing director, IndiaFirst Life Insurance, said in a statement.
What motherhood taught these shepreneurs about business and family
Motherhood can nurture the skills and mindset needed for entrepreneurship and vice versa.
Term life covers set to become pricier in FY22
At least five private insurers – Tata AIA, Aegon Life, Max Life, PNB Metlife and IndiaFirst Life – have already filed for new term products with the insurance regulator at increased prices for the new fiscal year. Other life insurers may soon follow.
Has the pandemic made leaning in much tougher? Namita Thapar says situation more difficult for women; Carmesi founder feels boundary between work and home blurred
Tarini Jindal, MD, JSW Living, says the pandemic has also encouraged men to lean in.
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This BFSI boss says loss of social connect inevitable in permanent WFH, managers must prepare themselves
Vishakha RM feels lines get blurred during WFH.
Want to know how much life insurance cover you should have? Here are two ways to calculate
The first step of a financial plan is to make sure that your insurance needs are covered.
IndiaFirst Insurance announces its Business Continuity Plan to ensure smooth operations during Covid-19 lockdown
The Bank of Baroda and Andhra Bank owned life insurers also said that the all policies issued by the company stands valid even on event of death due to Covid-19 virus. The company has also made all servicing and distribution channels digital as well, it said in a press release.
New tax regime: Life, health insurance may lose lure as tax sops turn optional
Stocks on insurance companies fell following the budget announcement. Insurers say insurance was always a push product and now with the key incentive “tax” being removed not many might think of financial protection and fiscal prudence.
New group insurance norms set to promote fair practices
The Insurance Regulatory and Development Authority has said that group insurance schemes should show collection of premium, issue of certificate of insurance and reimbursement of expenses. Also, interest rates declared under group savings products should be in such a way that there is no discrimination among identical policyholders on fund size.
IndiaFirst CEO is a fan of her own company, says there's never a dull moment when she travels alone
RM Vishakha says her trip to Niagara Falls was a memorable one.
ULIPs: A holistic risk management tool
When we think of risks, we only associate with physical risks (death, disability, critical illness).
Warburg Pincus buys Legal & General’s 26% stake in IndiaFirst Life for Rs 710 cr
Launched in 2010, Mumbai-headquartered IndiaFirst Life Insurance is one of country’s youngest life insurance companies.
Insurers kick-start blockchain project to check expenses
Life insurers spend a lot of time and effort in identifying and validating records multiple times for the same customer.
Life insurers’ premium from new business up 6%
The first-year premium, or premium earned by selling new policies by the private sector, rose 12%.
Insurance sector needs comprehensive over-haul: Report
According to the report, the regulations are prescriptive and rule-based and often there is carping on 'market not mature' and 'data not adequate'.
India First Life Insurance CEO Vishakha RM on gender discrimination at workplaces
India First Life Insurance CEO Vishakha RM on gender discrimination at workplaces
IndiaFirst Life Insurance FY17 profit at Rs 35 cr
The company witnessed a new retail premium collection growth of 82 per cent.
Why adequate insurance cover for women is important
According to financial advisers, women who contribute to the family’s finances significantly should opt for a term insurance plan.
PM's life policies for poor a flop, but prospects bright after revised rules
But, insurers are considering selling Pradhan Mantri Jeevan Jyoti Yojana scheme now after the government has changed its position on earlier claims.
To curb misselling, Irda may ban incentives to bank staff
The regulator will come out with a differential commission structure for agency and banks. This could shave off incentives for bankers selling insurance.
Insurance queries answered by RM Vishakha, IndiaFirst Life Insurance
Every week, an expert selected by ET answers queries from our readers on insurance.
Irda bans life insurers from offering indemnity-based health products
Irda has asked insurance companies to withdraw products by giving three months' notice to policyholders and to continue existing contracts till the end of policy term.
Investors keep faith in ULIP amid green shoots
Ulips are investment-cum-insurance products where the money collected is invested in the stock market or fixed income securities based on the choice of investors.
Higher FDI doesn’t lift life cover capital
Capital deployed in the life insurance sector, including share premiums, fell 2.3% to Rs 34,847 crore in the last financial year from Rs 35,681 crore in the year before.
How to find out your insurance agent's commission
The benefit illustration reveals the commission paid on Ulips, while other policies require more work.
Banks & Insurers may have to rethink tie-ups after IRDA cracks down on mis-selling
Bancassurance, the sale of insurance products through banks, which is the most preferred route for growth of the sector, may be at risk.
Promoters invest Rs 150 crore into IndiaFirst Life Insurance
Bank of Baroda, Andhra Bank and Legal & General invested Rs 150 crore into IndiaFirst Life Insurance.
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