Insurance 01-Oct-21
Max Life Insurance and Tata Asset Mgt get approval to set up pension funds
Max Life Insurance and Tata Asset Management Co have recently received a nod from the pension sector regulator for setting up pension fund managers, PFRDA Chairperson Supratim Bandyopadhyay said on Friday.
"We had received two (proposals)...our board has approved both. They will take around six months to set up their pension funds. One is promoted by Tata AMC, so that is coming from the mutual fund sector, the other one will be promoted by Max Life Insurance that is strong life insurance company," he said while addressing the media on NPS Diwas.
Bandyopadhyay said next year the regulator will open 'on tap' registration in the initial months of the fiscal.
The Pension Fund Regulatory and Development Authority (PFRDA) in July had opened 'on tap' registration of pension fund managers.
Previous News
Axis Max Life Insurance launches ‘Smart Innovation Fund’ attracts High-Growth Sectors
( Insurance - 18-Mar-25 09:39 )
Axis Max Life Insurance Limited: Rating assigned/reaffirmed
( Press Releases - 06-Jan-25 08:33 )
Axis Max Life launches its new index based fund ‘Axis Max Life Sustainable Wealth 50 Index Fund’
( Insurance - 03-Jan-25 11:56 )
Max Life rebrands to Axis Max Life Insurance with ‘Double Bharosa’ campaign
( Insurance - 15-Dec-24 16:23 )
Max Life Insurance unveils its new ULIP fund ‘Nifty 500 Momentum 50 Index Fund’
( Insurance - 20-Aug-24 19:58 )
New surrender-value norms: Max Life expects profit impact of 100-200 basis points
( Insurance - 16-Aug-24 09:55 )
Max Life assets under management crosses Rs 1.5 lakh crore for the first time
( Insurance - 15-Apr-24 17:37 )
Max Life Insurance appoints Iqbal Mir as Vice President-HR
( Insurance - 16-Mar-24 09:10 )
Max Life Insurance Company standalone net profit declines 39.76% in the December 2023 quarter
( Results - Announcements 22-Feb-24 07:40 )
IRDAI issues an exposure draft to increase the surrender value of non-linked products
( Insurance - 14-Dec-23 19:56 )
Max Life Insurance appoints Rajiv Anand as its new Chairman
( Insurance - 05-Dec-23 10:22 )
Other Stories
Axis Max Life Insurance launches ‘Smart Innovation Fund’ attracts High-Growth Sectors
18-Mar-25 09:39
Life insurance sector new business premiums down 8.15% to Rs 30,825 crore in January
08-Feb-25 09:57
PNB MetLife partnership with IPPB to expand life insurance access nation wide
30-Jan-25 13:52
HDFC Life Insurance joins hands with CARS24 financial services for corporate agency tie-up
22-Jan-25 10:53
Life insurer sector new business premium down 21.7% to Rs 30,218.71 Crore in December
11-Jan-25 09:38
Go Digit Life unveils its new term plan 'Digit Glow Term Life Insurance'
06-Jan-25 11:45
Axis Max Life launches its new index based fund ‘Axis Max Life Sustainable Wealth 50 Index Fund’
03-Jan-25 11:56
Tata AIA Life Insurance launches its New Fund ‘Multicap Momentum Quality Index Fund’
24-Dec-24 16:50
Max Life rebrands to Axis Max Life Insurance with ‘Double Bharosa’ campaign
15-Dec-24 16:23
Life insurance premium income fell 4.5% to Rs 25,306.56 crore in November
10-Dec-24 20:30
Back
Top