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…
Private-sector life insurers in India are actively working to revise their commission structures for distribution channels, following a significant regulatory shift that took effect on 1 October. This change mandates…
India's life insurance sector has experienced a remarkable compound annual growth rate (CAGR) of 12% and 10.5% in terms of new business premiums and annual premium equivalents, respectively, from fiscal…
Life Insurance Corporation of India launches an affordable life insurance solution for micro-finance institutions, SHGs, and more, effective from 7th October 2024. The Life Insurance Corporation of India (LIC) has…