Strong Performance in Market-Linked Insurance Drives Profit Growth ICICI Prudential Life Insurance reported a 9% increase in its first-quarter profit. The profit after tax for the quarter ending June 30…
In the Union Budget 2024-25, the Finance Minister proposed reducing the TDS rate on life insurance policy payouts and insurance commissions from 5% to 2%. This change will take effect…
Introduction The Master Circular on Life Insurance Products, issued on June 12, 2024, by the Insurance Regulatory and Development Authority of India (IRDAI), consolidates various guidelines and regulations to streamline…
Inclusion Initiative Aims for 1% Representation by December Future Generali India Insurance (FGII) has announced a significant step towards workplace inclusivity by planning to ensure that specially-abled individuals will constitute…
Brand Finance India 100 Report Highlights LIC's Market Strength Life Insurance Corporation of India (LIC) has been ranked as the 4th most valuable brand in India with a brand value…
India Post Payments Bank (IPPB) has introduced an affordable accidental insurance policy with coverage ranging from ₹10 lakh to ₹15 lakh, and annual premiums between ₹520 to ₹799. Targeted at…
Life Insurance Corporation (LIC) of India has issued a stern warning to its policyholders regarding fraudulent offers to buy their existing insurance policies. This advisory comes in response to rising…
Life Insurance Corporation (LIC) of India, the country’s largest life insurer, is set to enter the health insurance market by collaborating with a private health insurer. This strategic move marks…
PNB MetLife India Insurance Company has reported a remarkable 702.51% increase in standalone net profit for the quarter ending March 2024. This surge saw the company’s net profit soar to…
LIC, promoter of IDBI Bank, has said it plans to retain a part of its stake in the lender to harness the benefits of the bancassurance. Along with the government,…