1Cr. Solatium for Accident Victim
The highest monetary compensation will not rebuild his life, observed the Bombay high court while enhancing compensation to over Rs 1 crore for a man who was left paraplegic after…
Reduce Cyber Attack Risk With These Three Top Tips
Cyber security should be your main priority. Hackers and phishing scams have become increasingly sophisticated. At a minimum, they cheat you and your employees out of money. In the worst-case…
Early exit benefit in term plans allows policyholders to withdraw early, pays back premium
Term insurance policy buyers now have the option to exit the policy early and even get the premium back. And this convenience will come at no extra cost or difference…
LIC has edge over pvt insurers: Gains market share in FY23
Life Insurance Corporation (LIC) of India has gained almost 4.5 percentage points market share in the current financial year (2022-23, or FY23) in new business premium (NBP) from private players,…
Life insurers’ retail protection biz down YoY
Most listed life insurers that reported their July-September (Q2FY23) quarterly earnings last week, saw their retail protection business decline on a year-on-year (YoY) basis, with the exception of Max Life…
LIC shares up nealty 6% after strong Q2 show
Life Insurance Corporation's (LIC's) shares jumped 5.85 per cent following its July-September quarter (Q2FY23) earnings where it reported a multifold jump in net profit due to a change in its…
Govt nudges LIC to tweak strategy
The Central government in a bid to help insurance behemoth LIC to realise its full growth potential and yield better returns for investors is nudging it to tweak its product…
New biz premiums of life insurers grow 15%
The new business premium income of India's life insurance companies rose by 15.3 per cent to Rs 24,916.58 crore in October 2022, data from the Life Insurance Council showed. All…
Fairfax eyes more stake in insurer digit’s parent co
Canadian billionaire Prem Watsa's Fairfax Financial Holding has in its results filing said that it is "exploring all avenues under applicable law" to achieve majority ownership in the parent company…
LIC plans bonus shares to shore up battered stock
Life Insurance Corporation of India (LIC) is planning to transfer nearly $22 billion from policyholders' funds into a fund earmarked to pay dividends or issue bonus shares, two sources said,…