LIC net profit jumps to Rs. 9,543 crore in Q1
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 net up 45% on rise in renewal premium
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 appointed lead insurer for Uttar Pradesh
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…
1 held for Rs. 43 lakh insurance claim fraud
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…
LIC acquires 6.66% stake in Jio Financial Services through demerger process
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 June new business premium grows 21%
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 rate after Covid is lower than expected
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…
LIC tanks 35% in 1 year since market debut
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 gets nod to start life insurance operations
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…
New Term plan for Type 2 diabetics, pre-diabetics
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…