Expansion in value of new business (VNB) for ICICI Prudential Life Insurance is now likely to be driven more by volumes rather than margins, according to MD and CEO NS…
India's tax authority has sent Bajaj Allianz Life Insurance and ICICI Prudential Life Insurance show-cause notices for evading taxes since 2017, as part of a probe spanning 16 insurers and…
The government appointed Siddhartha Mohanty as the Chairperson of the Life Insurance Corporation of India (LIC) till June 29, 2024. Mohanty, the current Managing Director, has been serving as the…
HDFC Life has reported a consolidated net profit of Rs 359 crore for the quarter ended March 2023, almost unchanged from Rs 357 crore clocked in the corresponding period of…
SBI Life Insurance Company has declared a net profit of Rs 777 crore for the fourth quarter of the fiscal year 2022-23, which is 15 percent higher against Rs 672…
Shriram Life Insurance posted a profit after tax (PAT) at Rs 156 crore in FY-23 on the back of growth in individual non-single premiums. A year ago, the company reported…
Canara HSBC Life Insurance has announced the launch of Smart Guaranteed Pension, a guaranteed annuity product that provides premium paying flexibility and ensures a regular guaranteed income stream that will…
The new business premium (NBP) of life insurance companies dropped 12.62 per cent year-on-year (YoY) in March 2023 due to an over 30 per cent drop in Life Insurance Corporation…
Private life insurance companies saw a sharp jump in their premium incomes in March 2023 ahead of the tax breaks on high-value policies coming to an end. The Union Budget…
India’s health insurance segment contributed 0.34 percentage point out of the overall 1 percentage point of general insurance (including health insurance) penetration in the country during FY22, Lok Sabha was…