Life Insurance News

LIC said, the Finance Ministry has given it a one-time exemption from the 25 per cent public shareholding rule. The rule says a listed entity with a market cap of…

Magma HDI launched the ‘Women’s Motorcycle Rally’ as a part of its insurance awareness campaign “Insurance Edutho?” in Kerala. Magma HDI was appointed the lead insurer for Kerala by IRDAI…

Shares of LIC, surged 10% to hit an eight-month high on expectation of double-digit growth in new business premiums.The insurer is expecting higher growth, chairman Siddhartha Mohanty recently said. Life…

HCL Technologies is offering a Rs. 30-lakh insurance cover and an additional Rs. 7-lakh employee deposit insurance cover to employees for COVID-19.In the event of an employee's unfortunate demise due…

Leading insurtech business in India, InsuranceDekho, has achieved a noteworthy milestone with the $60 million it has raised in its current Series B fundraising round. The company has drawn new…

According to a McKinsey analysis, life insurers in India have been valued higher than those in other Asian nations like China, Japan, and Taiwan, making the Indian life insurance market…

Indian tax inspectors recently raided the Aviva Life in New Delhi and took records as part of their probe into possible tax cheating. According to two of the three sources—who…

According to ICRA, the new business premium (NBP) for the life insurance market is anticipated to increase by 1113 percent to Rs. 4.494.66 lakh crore in FY25, from Rs. 3.71…

Life Insurance Corporation (LIC) reported its highest-ever half-yearly profit of Rs. 17,469 crore for the first half of FY24. This was primarily due to the transfer of Rs. 13,768 crore,…

The life insurance industry is expected to report a compression in its margin during the second quarter of financial year 2023-24 (Q2FY24) due to decline in share of the margin…