The government said that New India Assurance GM Madhulika Bhaskar would hold additional charge as chairman and MD of the company for three months. The listed company has been operating…
Online platforms such as Policybazaar, as well as corporate agents, may have to disclose the commissions they receive from insurance companies for selling their policies. The move is aimed at…
Some life insurance companies plan to move IRDAI, seeking a risk-based solvency regime for unit-linked insurance plans (ULIPs), where the risk is borne by policyholders. If the regulator gives a…
For two consecutive fiscals, life insurance companies have experienced low-base effects in quarter 1 (Q1) due to the Covid-19 first and second wave effect. The financial year 2022-23 (Q1FY23) is…
Life insurance companies witnessed a modest increase of 4.15 per cent in their collective new business premium at Rs 31,254.55 crore in June, data from IRDAI showed. The 24 life…
HDFC Life’s net profit surged 21 per cent year-on-year (YoY) to Rs 365 crore in the April-June quarter of FY23, aided by lower mortality reserves and healthy jump in value…
Health insurance witnessed subdued growth in the April-June quarter (Q1) of FY23. Despite that, health insurance premiums registered 22 per cent growth in Q1FY23 to over Rs 21,000 crore, primarily…
IRDAI is planning to allow life insurance companies to offer full-fledged health insurance policies, two people with direct knowledge of the plans said, in a move that will likely reduce…
Kolkata residents may soon have to pay a lower health insurance premium than those staying in other metros like Mumbai, Delhi, Bengaluru and Hyderabad. Several health and general insurance companies…
The first study in India on publicly funded health insurance (PFHI) in the context of "catastrophic health expenditure" faced by the elderly found that it was not effective in financially…