The years of efforts by the India’s insurance regulator IRDA to ensure insurance companies make their insurance products easily understood by customers doesn’t seem to have yielded the desired results. Read more
Leading life insurance companies such as HDFC Life, Birla Sun Life and ICICI Prudential have shown interest in purchasing HSBC’s stake in its three-cornered JV with two public sector banks. Read more
Even as premium income fell, the life insurance industryâ€™s net profit more than doubled during 2011-12, at Rs 5,974 crore, against Rs 2,657 crore the previous year.Â Of the 24 life insurers in business during the last financial year, 14 reported profits, according to the Insurance Regulatory and Development Authorityâ€™s annual report for 2011-12. Read more
Premium collected by life insurance companies dropped 3.45 per cent in the April-October period due to various factors that are influencing the financial sector as a whole.
As per the data released by the Insurance Regulatory and Development Authority of India (IRDA), premiums collected by 23 private sector companies and lone state-owned LIC totalled Rs 53,814.09 crore during the period. Read more
Indian insurance industry is booming. With the stock market booming and with more disposable incomes in the pockets of young and the employed, life insurance in on an upswing and the industry can expect 40% growth in 2005-06 with the right strategies. Read more