The Budget proposal to tax income from traditional insurance policies, other than unit-linked products (ULIPs), having premia above Rs 5 lakh in a year is likely to impact growth of life insurance companies and…
After the Union Budget for 2023-24 proved to be a dampener for the life insurance industry, sector players are now joining hands to approach the Finance Ministry likely to seek…
In FY22, India is projected to have foregone Rs. 1.43-lakh crore by allowing incentives to income taxpayers. This is a 12 per cent increase from the revenue Impact of major…
Punjab National Bank (PNB) will divest its stake in Canara HSBC OBC Life Insurance Co, the lender said.PNB had acquired a stake in the life insurer post amalgamation of the…
The Rs 40-trillion mutual fund (MF) industry is expected to benefit from stripping tax advantages off high-ticket insurance products and market-linked debentures (MLDs) in the latest Budget. "With the attractiveness of MLDs…
LIC chairman M R Kumar said that fluctuations in Adani Group stocks’ prices would not impact the corporation’s bottom line, and that the market value of LIC’s investment in Adani…
Pension Fund Regulatory & Development Authority (PFRDA) said more than 5 crore people have enrolled under Atal Pension Yojana (APY), the fagship social security scheme of the central government. The scheme…
LIC has reported a net profit of Rs 22,970 crore for the nine months ended December 2023 — a multifold increase over the net profit of Rs 1,672 crore in…
Zero Cost Term Plan: What Is It And Should You Buy It? Term Insurance is the purest and most affordable form of life insurance that provides coverage for a…
Aegon Life Insurance Launches Term Plan For Self-Employed Aegon Life Insurance has launched a new term plan named ‘iTerm Prime Insurance plan’ for the self-employed sector. The minimum sum assured…