Life insurers’ premium growth eases to 10%
The life insurance companies reported moderation in new business premium (NBP) growth in December. From a 30 per cent uptick in November, NBP growth last month slowed down to 10…
Digital adoption, key for life insurance companies
The life insurance industry faced the brunt of elevated claims during the pandemic, but the period also brought with it increased awareness regarding the need for life insurance and accelerated…
Insurance mis-selling complaints shows downward trend
The data of complaints from policyholders is showing a downward trend.The number of the complaints has come down to 23,110 in 2021-22 from 25,482 in 2020-21. The incidence of mis-selling…
Axis to pick residual stake in Max Life
After receiving a rap from IRDAI, Axis Bank said it has entered into revised agreements with Max Financial Services. Under these pacts, Axis will acquire the balance 7 per cent…
LIC likely to look at composite licence
LIC may take a call on composite licence clause after the passage of Insurance Laws (Amendment) Bill in Parliament, sources said. As per the proposed Bill, an applicant may apply…
SBI Life Q3 profit falls over 16%
SBI Life Insurance Co reported a 16% fall in third-quarter profit, dragged down by an increase in expenses.SBI Life posted a profit of Rs 3.04 billion in the third quarter,…
Budget 2023 Quote Insurance Industry Mr. Rakesh Goyal, Managing Director, Probus Insurance broker
"The insurance business was hoping the finance minister would include a few giveaways in this year's budget. In the days leading up to the presentation of the budget, there was…