Life Insurance News Life insurers face VNB margin pressure in Q2 November 22, 2023 admin 253 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 168 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 200 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 179 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 210 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
Life Insurance News InsuranceDekho valued at $600 million in Series B round November 20, 2023 admin 181 Views 0 Comments Beams Fintech Fund, BNP Paribas, InsuranceDekho, Japan’s Mitsubishi UFJ Financial Group Insurtech startup InsuranceDekho said it has raised $60 million in a Series B funding round led by Japan’s Mitsubishi UFJ Read more
Life Insurance News Life insurance firms’ new business declines 13% in first half of FY24 November 20, 2023 admin 178 Views 0 Comments Insurance industry, Life Insurance Corporation, Life insurance firms, mobilisation The life insurance industry has reported a lacklustre performance in the first six months of the financial year 2023-24 (FY24) Read more
Life Insurance News Govt clears welfare measures for LIC employees, agents November 18, 2023 admin 223 Views 0 Comments Finance ministry, LIC agent, LIC employees, Life Insurance Corporation of India Over 1 lakh employees and nearly 13 lakh agents of the Life Insurance Corporation of India (LIC) will have something Read more
862112046 IRDA in India Provide insurance cover to staff travelling in employers’ vehicle: IRDAI tells insurers November 18, 2023 admin 192 Views 0 Comments employers, Insurance Cover, IRDAI, staff travelling IRDAI has asked general insurers to provide cover to employees travelling in employer's vehicle. The Madras High Court had directed Read more
IRDA in India IRDAI Chief urges stakeholders to harness surety bonds November 11, 2023 admin 173 Views 0 Comments IRDAI, stakeholders, Surety Bonds Asserting that the current Bank Guarantee capacity of banks is insufficient to meet the credit demand for infrastructure development in Read more