Saral set to heat up term insurance mkt
The term protection market in the life insurance industry is set to heat up with insurers readying to launch Saral — a standard term policy that has been designed by…
Max Life Insurance launches second edition of its insurtech accelerator program
After a successful first edition of Max Life Innovation Labs in 2019, Max Life Insurance Company Ltd. announced the launch of the second edition of its flagship insurtech accelerator program.…
Genesis BCW wins national PR mandate for IndiaFirst Life Insurance
Genesis BCW has been appointed as agency on record for IndiaFirst Life Insurance Company Ltd (IndiaFirst Life), following a multi-agency pitch. Genesis BCW will strengthen IndiaFirst Life's core brand value…
Life Insurance: Premium collections of private life insurers’ up 15%
Life insurers reported 14% year-on-year (y-o-y) growth in individual annualised premium equivalent (APE) in October 2020 compared to 4% y-o-y in September 2020 and 6-40% y-o-y decline over April-August 2020.…
Reliance Nippon Life Insurance leases 40,000 sq ft at Adani Inspire in BKC
Reliance Nippon Life Insurance has taken a 40,000 sq ft space on a five-year lease at an Adani Realty project in the BKC business district to house its corporate headquarters,…
Max Life Insurance hires 2,000 executives via digital medium during COVID-19
Max Life Insurance said it has hired over 2,000 executives during the first half of this fiscal in midst of the COVID-19 pandemic. By efficiently digitizing its recruitment and onboarding…
Bharti AXA Life Insurance reports 10% rise in renewal premium
Bharti AXA Life Insurance said it has registered a 10 percent increase in renewal premium at Rs 594 crore in the first half of the current fiscal year. The company's…
Life insurers register 32% increase in new business premium income
Life insurers reported a 32 per cent jump in new business premiums (NBP) in October, helped by healthy growth in single premiums and group non-single premiums. This comes after the…
No Income Tax on life insurance policies of 10 or more years, ICAI recommends Central govt
In its Pre-Budget Memoranda - 2021, the Institute of Chartered Accountants of India (ICAI) has recommended the Union government to make all life insurance policies with a policy term of…
Insurance start-up Plum raises $4 million
Sequoia Capital India backed insurance startup Plum has raised $4.1 million in a bid to provide group health insurance to small and medium enterprises. The recent round of funding for…