High-value life policy sales lack big push in Feb-Mar
Life insurance companies have so far not seen any significant pickup in high-value non-par policy sales after the government in Read more
life insurance companies
32% drop in LIC premia drags life insurers’ 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
LIC’s net profit surges to Rs. 6,334 crore in Q3
Life Insurance Corporation reported a manifold increase in its net profit in the December quarter (Q3) of financial year 2022-23 Read more
Tax on high-premium policy may hit life insurers’ top line
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 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
Life insurance companies record first fall in new biz premiums growth since July
Latest data from the IRDAI showed that the NBP in November for life insurers came at Rs. 19,159 crore against Read more
IRDAI’s plan to prohibit use of critical illness policy as collateral for loan may affect nonlife industry
IRDAI is exploring at prohibiting the use of critical illness policies as collateral against housing or vehicle loans. Read more
Shriram Life Insurance to develop credit appraisal procedure
Shriram Life Insurance is developing a credit appraisal procedure in order to maintain the quality of its credit portfolio Read more
Life insurers face falling persistency levels
Amid signs of recovery in sales, life insurance companies continue to grapple with low persistency levels, especially in market-linked and Read more
Clarification in respect of premium income figures of life insurance companies for FY 2019-20
Some newspapers carried a news item that “Life Insurance Companies have registered 11.4% growth in premium income in FY20”. This Read more
