Tata AIA Life declares Rs. 861 crore surplus
Tata AIA Life Insurance has declared Rs. 861 crore in annual surplus transfers to the participating policyholders for FY22. The company said this is the fifth consecutive year of surplus…
Canara HSBC Life declares bonus for ninth consecutive year
Canara HSBC Life Insurance has declared a bonus amounting to Rs. 78 crore for all its eligible policyholders for the financial year 2021-2022. This is the ninth consecutive year when…
LIC keen to re-enter mediclaim segment: Chairman
LIC is keen to re-enter the mediclaim segment as and when the regulator provides clarity on the issue, its chairman has said. "We are already doing a lot of long-term…
LIC invests Rs. 34,000 crore in equities
LIC, has invested Rs. 34,000 crore in equities in the first quarter of the financial year.MR Kumar, Chairman, LIC said, “We are contrarian in our investment philosophy, so we thought…
LIC breaks into fortune 500 list
LIC has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places. The nation’s biggest life insurer with revenue of USD 97.26 billion and a…
LIC hires milliman to derive its embedded value
LIC has roped in Milliman Advisors to derive its embedded value (EV) as on September 2022. Milliman had ascertained the embedded value for the insurer before its initial public offering…
LIC Q1 net surges multi-fold to Rs. 682.8 crore
LIC reported a multi-fold increase in net profits to Rs 682.88 crore for the quarter ending June compared to a profit of Rs 2.94 crore in Q1FY22. It may be…
LIC shares drop even as death claims fall 20%
Shares of LIC fell over 1 percent trade even as LIC said it has witnessed a decline of nearly 20 percent in death claims in the first quarter of this…
Online insurance platforms may have to disclose commission paid
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…
Life Insurers seek risk-based solvency regime for ULIPs
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…