Thu, Apr 18, 2024
New business premium collections grow by 15.6 per cent in FY23-2024 on a Y-o-Y basis in the month of March 2024 powered by strong demand for enhanced insurance protection from both individual and corporate consumers
More >
Fri, Apr 12, 2024
The newly appointed MD & CEO of Future Generali India Life Insurance expresses confidence in the company's progress towards the three-year goal of attaining a 15–18 per cent compound annual growth rate (CAGR). According to the MD, the company has reduced losses by 34–37 per cent and hopes of achieving a growth rate of 9 to 10 per cent compared to the previous year.
Fri, Apr 05, 2024
World Health Day 2024: The recent "Decoding India's Healthcare Wallet: A $100bn Tale" report by Enzia sheds light on the payer-spend dynamics, revealing that a mere 26 per cent of healthcare spending in India is covered by insurance. Private insurance, government schemes, and other initiatives contribute a combined 26 per cent, leaving a substantial 74 per cent of healthcare expenses uncovered.
Tue, Jan 31, 2023
LIC WhatsApp Services: By using the Whatsapp service, policy holders will be able to avail several services like getting premium details, ULIP plan statements, and so on, from their mobile phone.
Thu, Jan 05, 2023
Budget 2023: According to reports, the government is likely to introduce a Budget Insurance Amendment Bill.
Tue, Nov 15, 2022
Life Insurance Plan: This new participating savings product provides customers with dual benefits of guaranteed benefits and growth potential in the form of bonuses.
Mon, Nov 14, 2022
LIC Child Plan, LIC Children Money Back Plan, LIC Child Plan 2022: LIC's Jeevan Tarun offers the double benefit of protection and saving for kids.
Fri, Nov 11, 2022
State-owned insurer LIC on Friday reported a multi-fold jump in net profit to Rs 15,952 crore in the September quarter, boosted by profits from its investments. The insurer had a net profit of Rs 1,434 crore in the year-ago period, according to a regulatory filing.
Tue, Nov 08, 2022
LIC -- the only state-owned and the largest life insurer in the country -- recorded 18 per cent rise in its new business premium at Rs 15,920.13 crore during the month, as against Rs 13,500.78 crore a year ago.
Fri, Sep 16, 2022
Max Life Insurance Company has declared a rate revision of up to 7.25% to its guaranteed savings plan -- Max Life Smart Fixed-return Digital Plan. The plan targets digitally-savvy millennials who prefer quick and hassle-free onboarding.
Wed, Sep 14, 2022
In India, insurers are mandated to submit various returns to the regulator, including financial statements on annual basis, valuation of assets and liabilities as well as solvency margin and actuarial report.
Sun, Sep 11, 2022
LIC New Pension Plus Plan 867 Benefits, Details: LIC New Pension Plus plan is suitable for young persons to make provisions for retirement. The plan can be purchased both offline and online from LIC's official website licindia.in.
Thu, Aug 25, 2022
Particularly while selecting a life insurance policy, with a choice of between Endowment Plans and Unit Linked Insurance Plans (ULIPs), the focus needs to be on a policy that is a combo of protection and saving.
Mon, Aug 22, 2022
Insurance regulator Insurance Regulatory and Development Authority (IRDAI) is planning to bring a new platform. All insurance companies will be listed on this platform. From here the purchase, servicing and payment of insurance can be claimed. Globally, insurance penetration is 7.4%. Take insurance cover before investing. Diversify Insurance Portfolio: Anil Chopra, Financial Well-being, Bajaj Capital and Feroze Azeez, Deputy CEO, Anand Rathi Wealth Ltd.
Sun, Aug 14, 2022
Mediclaim policies, which are indemnity-based health plans, are the best-selling health insurance products in the country. However, in 2016, the Insurance Regulatory and Development Authority of India (Irdai) had asked life insurers to withdraw indemnity-based health plans from the market. Life insurers since then have been allowed to offer only fixed benefit health plans.
Wed, Jul 13, 2022
Aditya Birla Sun Life Insurance on Wednesday said it has launched a fixed-maturity plan offering returns of up to 6.4percentnt to compete with fixed-deposit products offered by banks.
Tue, Jul 12, 2022
Insurance Policy Commission: In order to prevent misselling and increase transparency in insurance policies, the committee formed by IRDAI has proposed a proposal in which the commission paid to agents will be mentioned on the insurance cover note. A source tells Zee Business Anurag Shah.
Thu, Jul 07, 2022
If the life insurance company sells health insurance, the scope will increase. Use and file does not include individual pension product. Customers will get more options in life policy from use and file. New types of products will come according to the needs of the customers. Invest in NFO by looking at the target and portfolio. One can diversify portfolio from closed ended fund in NFO. NFO offers an opportunity to invest in new and innovative strategies. Invest only if the portfolio suits you: Venkatesh Naidu, CEO, Bajaj Capital Insurance Broker and Pratibha Girish, Founder, Finwise
Wed, May 11, 2022
PMJJBY is a one-year life insurance scheme renewable from year to year offering coverage for death due to any reason. Individuals in the age group of 18-50 years having a savings bank or a post office account can enroll under the scheme. People who join the scheme before 50 years of age can continue to have the risk of life covered up to age of 55 years upon payment of premium.
Thu, Mar 31, 2022
A life insurance investment plan can help a working woman build a corpus to fund such dreams and ambitions.
Tue, Mar 08, 2022
“While your life insurance plan is active, you should be able to keep paying the premiums according to your schedule of payments as outlined in your policy document."
Tue, Feb 08, 2022
Country's largest and the only state-owned insurer LIC registered a decline of 1.58 per cent in new premium income at Rs 12,936.28 crore in January 2022, as against Rs 13,143.64 crore in the same month a year ago
Mon, Jan 31, 2022
India’s insurance penetration stood at 4.2 per cent as of 2020 and has seen a steady rise since 2001, when it was at 2.71 per cent, according to Economic Survey 2022, released on Monday.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.