Life insurers’ new business premium flat in Dec, but rises 10.5% in Q3
The new business premium (NBP) of life insurance companies was largely flat in December. This is owing to a 20 per cent fall in Life Insurance Corporation's (LIC) NBP. However,…
Ensuring the safety of insurance sector
The RBI recently proposed to reduce the ownership by banks over insurance companies at a maximum of 20 per cent from a present 50 per cent. This move is to…
Insurers to increase term policy rates for 2nd time in FY22
Top private life insurers are revising their term insurance rates by the fourth quarter. According to industry officials, reinsurers have taken a tough stance with the new Omicron variant adding…
Policybazaar posts 67% growth in premium in Q3
PB Fintech - parent of online insurance and credit comparison platforms Policybazaar and Paisabazaar - has said the total insurance premium sourced out of its platforms grew 67 per cent…
HDFC Life Insurance announces bancassurance tie-up with South Indian Bank
HDFC Life Insurance Company announced a bancassurance tie-up with South Indian Bank (SIB). This bancassurance arrangement will enable customers of SIB to avail HDFC Life's life insurance products, including solutions…
LIC IPO may open the floodgates for new retail investors in stock market
The buzz around the disinvestment of Life Insurance Corporation (LIC), is getting louder with every passing day. All eyes are peeled for the timelines of the LIC initial public offering…
Government to amend FDI policy to boost LIC public offer
The government is set to amend the foreign direct investment policy to facilitate the mega public issue of Life Insurance Corporation of India (LIC), planned for this quarter. While 74%…
LIC showcases its business dominance
Life Insurance Corp of India recently did a hard sell to institutional investors from across the globe positioning itself as the nimble giant growing fastest even while private sector insurers…
LIC IPO: Actuary pegs insurer’s embedded value at Rs. 4-5 trillion
The Government-appointed actuary has pegged the embedded value (EV) of the Life Insurance Corporation of India at Rs 4-5 trillion, a key parameter that will be used to compute the…
LIC to take glide path for surplus transfer
Ahead of the Life Insurance Corporation of India's (LIC's) public listing, the finance ministry and the insurer have approved gradually lowering the public sector outfit's distributable surplus to its policyholders.…