Oriental Insurance taking steps to become profitable
With steps taken to control losses, Oriental Insurance Company anticipates turning a profit by the end of the fiscal year. Read more
Insurance News
Non-life insurance might grow at a 14–15% CAGR until FY37.
Gross direct premium income (GDPI) for the non-life insurance sector is expected to increase by 14% to 15% by FY37. Read more
Life insurers face VNB margin pressure in Q2
The life insurance industry is expected to report a compression in its margin during the second quarter of financial year Read more
50-year bond ends life insurers’ wait
The central government has introduced a new dated security of 50-year tenor in its borrowing calendar for the second half Read more
Insurers may get financial creditor status from govt
To make the surety bond business more attractive, the government is looking at making relevant changes in the Insolvency and Read more
LIC’s market share drops to 59% from 68.7% in a year
The share of LIC in monthly new business premium (NBP) in the life insurance sector declined to 58.50 per cent Read more
GST Council to clarify life insurance premium
The GST Council will soon provide clarity on input tax credit for life insurers, following a recent Rs 290-crore demand Read more
InsuranceDekho valued at $600 million in Series B round
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 firms’ new business declines 13% in first half of FY24
The life insurance industry has reported a lacklustre performance in the first six months of the financial year 2023-24 (FY24) Read more
Govt clears welfare measures for LIC employees, agents
Over 1 lakh employees and nearly 13 lakh agents of the Life Insurance Corporation of India (LIC) will have something Read more
