LIC’s market share drops to 59% from 68.7% in a year
The share of LIC in monthly new business premium (NBP) in the life insurance sector declined to 58.50 per cent Read more
Life Insurance Council
Life insurance sector needs to maintain growth momentum
Life insurance companies put up a decent show in the month of June. As per the monthly data from Life Read more
IRDAI set to launch single policy covering life, health & property
IRDAIis looking to launch a bundled product which will provide life, health, casualty and property cover in a single insurance Read more
Life Insurance Companies want health cover to be reintroduced again
Life Insurance Council, will urge IRDAI to allow them to offer indemnity health cover again. The regulator had barred life Read more
Life Insurance Companies want health cover to be reintroduced again
Life Insurance Council, will urge IRDAI to allow them to offer indemnity health cover again. The regulator had barred life Read more
Life insurers seek separate investment window in income-tax deduction
Life insurance companies have urged the regulator to work out a special investment window for their products. The issue was Read more
Life insurance sector NPAs rise by 26%
Despite strict investment norms, NPA’s are on rise in Insurance Industry. Non-performing assets (NPAs) or bad loans of the life Read more
Database to prevent insurance fraudulent claims
The Life Insurance Council, an apex industry body of life insurance companies, is planning to put in place a Read more
Finance Ministry may allow FDI in insurance through fresh equity
The new proposal to increase foreign investment in insurance may not mean that promoters of insurance companies get to cash in on a portion of their stake. That’s because the finance ministry may be inclining towards allowing additional foreign investment only though the issue of fresh equity, and not a stake sale. Read more
IRDA panels to make insurance crystal clear
Welcome relief for life insurers and policyholders. There was a time when only the Life Insurance Council, the industry body representing life insurers, was the sole agency dealing with regulatory knots and consumer issues. In a week’s time, the Insurance Regulatory and Development Authority (IRDA) will set up product-specific committees which will complement the Life Insurance Council. Read more