Life Insurance News

IndiaFirst Life Insurance Company Limited has introduced a novel offering -- IndiaFirst Life Guaranteed Single Premium Plan. This unique plan is designed to provide individuals with a seamless blend of…

The Employees' Provident Fund Organisation (EPFO) is in the process of appointing an actuary firm for the purpose of providing consultancy services to it on matters related to insurance and…

Axis Bank is looking to buy 6 per cent more stake in JV Max Life Insurance for Rs. 1,612 crore by way of preferential issue of 14.3 crore equity shares.…

The Central Board of Direct Taxes (CDT) has issued guidelines on the recent Finance Act 2023 which introduced changes in taxation of life insurance policies. The guidelines explain the implications…

Shriram Life Insurance has reported a 12 per cent dip in profit after tax at Rs. 35.4 crore for the quarter ended June 30, 2023, compared to Rs. 39.6 crore…

LIC said the government has appointed R Doraiswamy as the managing director. Doraiswamy is currently the executive director at the central office in Mumbai. He has been appointed as managing…

LIC’s has reported a standalone net profit at Rs 9,543.71 crore for the quarter ended June as against a profit of Rs 682.88 crore in the corresponding quarter of last…

SBI Life Insurance reported a 45 per cent increase in its net profit for the quarter ended June to Rs 380 crore, thanks to 28 per cent growth in renewal…

Max Life Insurance Company Ltd. has been designated as the "Lead Insurer" for Uttar Pradesh by the IRDAI. This move is part of IRDAI's State Insurance Plan to promote financial…

A fraudster who used to dupe investors promising to revive their old insurance policies was arrested by Bidhannagar police. Sohel Rana (27) was arrested from a hideout at Amdanga in…