A Strategic Move to Cement Axis Bank’s Stake in Insurance Key Highlights: What: Max Life Insurance has officially rebranded to Axis Max Life Insurance after receiving regulatory and corporate approval.…
A 47-year-old man in China, identified by his surname Li, has been sentenced to death for pushing his wife into the sea to claim her life insurance payout. The case,…
The Life Insurance Corporation of India (LIC) is reportedly exploring a foray into the health insurance sector through a strategic investment in a standalone health insurance company. As rumors swirl,…
AU Small Finance Bank (SFB) has announced a strategic partnership with Bharti AXA Life Insurance, a subsidiary of Bharti Life Ventures, to provide comprehensive life insurance and financial security solutions…
Strong Performance Despite Policy Sales Decline Key Highlights: Overall Growth: Life insurance companies posted a 13.16% year-on-year (Y-o-Y) increase in new business premium (NBP), collecting ₹30,347 crore in October 2024.…
LIC’s Strategic Entry into Health Insurance Sector Key Developments: LIC’s Plans: Life Insurance Corporation of India (LIC) is set to make a decisive move into the health insurance segment by…
Life insurance companies in India reported a 13.16% year-on-year (Y-o-Y) growth in new business premium (NBP) for October 2024, collecting a total of Rs. 30,347 crore. This growth was largely…
Life Insurance Corporation of India (LIC) has announced its Q2 results for the fiscal year 2024, revealing a 13.77% increase in revenue compared to the same period last year. However,…
IRDAI’s Surrender Value Reforms Trigger Industry-Wide Response Key Points: LIC agents express concerns about recent commission reductions and a proposed clawback clause, potentially affecting earnings. New surrender value norms, effective…
Life insurance companies in India have reported a robust 14% year-on-year (Y-o-Y) increase in new business premiums (NBP) for September 2024, driven by substantial growth from both the state-owned Life…