Online insurance platforms may have to disclose commission paid
Online platforms such as Policybazaar, as well as corporate agents, may have to disclose the commissions they receive from insurance Read more
Private life insurance
Life Insurers seek risk-based solvency regime for ULIPs
Some life insurance companies plan to move IRDAI, seeking a risk-based solvency regime for unit-linked insurance plans (ULIPs), where the Read more
Life insurers to once again benefit from a low-base effect
For two consecutive fiscals, life insurance companies have experienced low-base effects in quarter 1 (Q1) due to the Covid-19 first Read more
Life insurers’ new biz hit as LIC premiums contract
Life insurance companies witnessed a modest increase of 4.15 per cent in their collective new business premium at Rs 31,254.55 Read more
HDFC Life first quarter net up 21% on premium income
HDFC Life’s net profit surged 21 per cent year-on-year (YoY) to Rs 365 crore in the April-June quarter of FY23, Read more
SEBI directs MFs to discontinue bundling SIPs with insurance cover
SEBI has directed mutual funds (MFs) to stop providing insurance cover as an attraction for wooing systematic investment plan (SIP). Read more
Pandemic leads to excess deaths in 2020 & 2021 at 4.7m
A new research paper based on insurance policy claims data estimates 0.56 million excess deaths in India in 2020 and Read more
HDFC Life urges IRDAI to allow life insurers sell other financial products
HDFC Life Insurance Co is in talks with the Insurance Regulatory and Development Authority of India (IRDAI) to allow life Read more
Premium raised for flagship govt insurance schemes
The government raised the premium for its flagship insurance schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Read more
Canara HSBC Life to double branch network to 103 in 3-4 months
Canara HSBC Life Insurance, which is riding strong on its bancassurance model, wants to plumb deep into the large customer Read more
