Reinsurers asked to retain 50% of business underwritten in India
IRDAI has, in a revised exposure draft on reinsurance regulations, mandated that Indian reinsurers, including foreign reinsurance branches, have to Read more
business
New business premium of life insurers up 30% in November
Life insurance companies reported a 30 per cent year-on-year (YoY) growth in new business premiums (NBP) in November due to Read more
LIC gains 2% market share in new business premium
LIC has gained over 200-basis points (bps) market share in new business premium (NBP) during the April-June quarter of FY23. Read more
Need capital to grow business, says LIC chief
Life Insurance Corporation of India’s maiden dividend failed to enthuse its investors, but the insurer highlighted that it needs capital Read more
IRDAI seeks business plans from 3 PSU general insurers
IRDAI has sought revised business plans from the three public sector general insurers – National Insurance Company, Oriental Insurance Company Read more
Life insurance companies new business premium rise 37% in March
Life insurance companies have recordedanincrease of 37 percent in new business premiums (NBP) to Rs 59,608.92 crore in March 2022, Read more
IRDAI takes up legal recourse issue with govt on surety bond business
IRDAI has taken up the issue of insurers being treated at par with banks when it comes to recovery recourse Read more
SUD Life registers 80 pc jump in new business premium to Rs 1,309 crore in Dec quarter
SUD Life reported an 80 % jump in its new business premium income to Rs 1,309 crore for the quarter Read more
LIC showcases its business dominance
Life Insurance Corp of India recently did a hard sell to institutional investors from across the globe positioning itself as Read more
Tata AIG to vie for group’s airline insurance business
Tata AIG General Insurance Company, will join the race to provide insurance cover for the Indian conglomerate’s airlines, including Air Read more
