Life Insurance News

LIC has launched a special campaign to revive lapsed policies at a discounted premium. The campaign, to mark the insurer's 67th anniversary, will run from September 1 to 30. During…

After announcing an entry into the asset management business with BlackRock, Jio Financial Services (JFS) is gearing up to foray into the insurance segment. JFS will partner with a global…

InsuranceDekho, which raised $150 million in one of the largest Series A funding rounds in India earlier this year, is close to raising another round of institutional funding. Girnar Insurance…

LIC may require at least five more years to comply with the minimum public shareholding of 25 per cent beyond the current exempted timeline of 2027. Formal communication in this…

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…