Life Insurance article High-value life policy sales lack big push in Feb-Mar May 13, 2023 admin 212 Views 0 Comments high-net-worth individuals (HNIs), High-value life policy, life insurance companies, Union Budget 2023 Life insurance companies have so far not seen any significant pickup in high-value non-par policy sales after the government in Read more
Insurance Articles 32% drop in LIC premia drags life insurers’ NBP April 22, 2023 admin 224 Views 0 Comments LIC Premia, life insurance companies, Life Insurance Corporation (LIC), new business premium (NBP) Life insurance companies reported a 17 per cent year-on-year (YoY) drop in new business premium (NBP) in February as state-owned Read more
Life Insurance article LIC’s net profit surges to Rs. 6,334 crore in Q3 April 21, 2023 admin 207 Views 0 Comments life insurance companies, Life Insurance Corporation, New Business Margin, portfolio Life Insurance Corporation reported a manifold increase in its net profit in the December quarter (Q3) of financial year 2022-23 Read more
Insurance Articles Life Insurance article Tax on high-premium policy may hit life insurers’ top line March 30, 2023 admin 236 Views 0 Comments HIGH PREMIUM POLICY, life insurance companies, tax benefit, UNIT LINKED PRODUCTS The Budget proposal to tax income from traditional insurance policies, other than unit-linked products (ULIPs), having premia above Rs 5 Read more
Life Insurance News Life insurance companies new business premium rise 37% in March May 3, 2022 admin 241 Views 0 Comments business, life insurance companies, premium Life insurance companies have recordedanincrease of 37 percent in new business premiums (NBP) to Rs 59,608.92 crore in March 2022, Read more
Private life insurance Life insurance companies record first fall in new biz premiums growth since July January 29, 2021March 15, 2021 admin 307 Views 0 Comments HDFC Life, IRDAI, life insurance companies, new biz premiums, Private life insurer, SBI Life Insurance Company Latest data from the IRDAI showed that the NBP in November for life insurers came at Rs. 19,159 crore against Read more
IRDA in India IRDAI’s plan to prohibit use of critical illness policy as collateral for loan may affect nonlife industry December 22, 2020March 18, 2021 admin 403 Views 0 Comments IRDAI, life insurance companies, nonlife industry, vehicle loans IRDAI is exploring at prohibiting the use of critical illness policies as collateral against housing or vehicle loans. Read more
Private life insurance Shriram Life Insurance to develop credit appraisal procedure December 10, 2020March 18, 2021 admin 360 Views 0 Comments credit appraisal, forward rate agreements, life insurance companies, Shriram Life InsurancE Shriram Life Insurance is developing a credit appraisal procedure in order to maintain the quality of its credit portfolio Read more
Private life insurance Life insurers face falling persistency levels November 6, 2020March 20, 2021 admin 343 Views 0 Comments HDFC Life, life insurance companies, life insurers, PERSISTENCY LEVELS, SBI LIFE INSURANCE Amid signs of recovery in sales, life insurance companies continue to grapple with low persistency levels, especially in market-linked and Read more
IRDA in India Clarification in respect of premium income figures of life insurance companies for FY 2019-20 July 15, 2020April 15, 2021 admin 498 Views 0 Comments FY 2019-20, growth rate of new business, life insurance companies, premium income figures Some newspapers carried a news item that “Life Insurance Companies have registered 11.4% growth in premium income in FY20”. This Read more