Life Insurance News $60 m is raised in Series B by InsuranceDekho. December 16, 2023 admin 177 Views 0 Comments InsuranceDekho, insurtech business, milestone, reinforced Leading insurtech business in India, InsuranceDekho, has achieved a noteworthy milestone with the $60 million it has raised in its Read more
Life Insurance News India has defied the Asian trend by valuing life insurers more highly: Report December 16, 2023 admin 123 Views 0 Comments Asian trend, life insurers, McKinsey analysis According to a McKinsey analysis, life insurers in India have been valued higher than those in other Asian nations like Read more
Life Insurance News Aviva Life faces search by GST authorities December 15, 2023 admin 157 Views 0 Comments Aviva Life, GST AUTHORITIES, tax cheating Indian tax inspectors recently raided the Aviva Life in New Delhi and took records as part of their probe into Read more
Life Insurance News According to ICRA, life insurers’ new business premiums will increase by 9–12% in FY24. December 15, 2023 admin 116 Views 0 Comments ICRA, life insurers, NBP, new business premiums According to ICRA, the new business premium (NBP) for the life insurance market is anticipated to increase by 1113 percent Read more
Life Insurance News At Rs. 17,469 crore, LIC reports its highest-ever half-year profit. December 15, 2023 admin 108 Views 0 Comments half-yearly profit, Life Insurance Corporation, shareholders, Solvency Margin Life Insurance Corporation (LIC) reported its highest-ever half-yearly profit of Rs. 17,469 crore for the first half of FY24. This Read more
Life Insurance News Life insurers face VNB margin pressure in Q2 November 22, 2023 admin 229 Views 0 Comments ICICI Prudential Life’s, life insurers, margin accretive, VNB margin The life insurance industry is expected to report a compression in its margin during the second quarter of financial year Read more
Life Insurance News 50-year bond ends life insurers’ wait November 22, 2023 admin 144 Views 0 Comments Central Government, financial year, Life Insurance Corporation of India, Reserve Bank of India The central government has introduced a new dated security of 50-year tenor in its borrowing calendar for the second half Read more
Life Insurance News Insurers may get financial creditor status from govt November 21, 2023 admin 180 Views 0 Comments financial creditor, govt, Insolvency and Bankruptcy Code, INSURERS To make the surety bond business more attractive, the government is looking at making relevant changes in the Insolvency and Read more
Life Insurance News LIC’s market share drops to 59% from 68.7% in a year November 21, 2023 admin 154 Views 0 Comments LIC, Life Insurance Council, market share, NEW BUSINESS PREMIUM The share of LIC in monthly new business premium (NBP) in the life insurance sector declined to 58.50 per cent Read more
Life Insurance News GST Council to clarify life insurance premium November 21, 2023 admin 183 Views 0 Comments GST Council, Insurance, Life insurance premium, premium The GST Council will soon provide clarity on input tax credit for life insurers, following a recent Rs 290-crore demand Read more