LIC said it has acquired 6.66 per cent stake in Jio Financial Services, the demerged non-banking financial services unit of the Mukesh Ambani-led Reliance group. “… Corporation has acquired 6.660…
LIC’s new business premium (NBP) in June increased 21 per cent to Rs 24,970.82 crore while the private sector life insurers registered growth of 13 per cent to Rs 11,990.94…
Mortality rates after the pandemic have been lower than expected, and long-term effects of Covid are not impacting lives as much as feared, ICICI Prudential Life Insurance's MD & CEO…
Shares of LIC have fallen 35% from the listing day and nearly 40% from the IPO price of Rs 949. The Rs 2.4-lakh-crore loss in market cap since its listing…
Go Digit has received the IRDAI’s approval to commence life insurance operations. In August-September 2022, HDFC Bank and Axis Bank had said they will both acquire up to 9.94 per…
Bajaj Allianz Life, has launched an exclusive term insurance plan for Type 2 diabetic and pre-diabetic individuals. The Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c is first of…
Kotak Mahindra Life Insurance announced a bonus of Rs 840 crore to more than 6.5 lakh participating policyholders for the last financial year ended Mar. 31, 2023. Kotak Life's bonus…
Aegon Life Insurance becomes the first life insurance company to offer a customized plan that offers coverage to surrogate mothers and egg donors, thus, effectively backing their financial well-being. This…
Private life insurance companies recorded a 10% annual premium equivalent (APE) growth in May, following a stagnant April, even as Life Insurance Corporation (LIC) recorded a 6% decline. In absolute…
LIC and other life insurers expect the impact of recent tax changes on high-value, non-participating policies to be minimal. LIC said on an investor call that only 0.04% of policies…