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…
Life insurance companies reported a 30 per cent year-on-year (YoY) growth in new business premiums (NBP) in November due to good performance by Life Insurance Corporation (LIC), even as private…
Most listed life insurers that reported their July-September (Q2FY23) quarterly earnings last week, saw their retail protection business decline on a year-on-year (YoY) basis, with the exception of Max Life…
The life insurance sector is battling a human resource shortfall due to elevated attrition levels and high-growth environment. Hiring across companies has surged drastically, according to industry sources. The sector…
Some life insurance companies plan to move IRDAI, seeking a risk-based solvency regime for unit-linked insurance plans (ULIPs), where the risk is borne by policyholders. If the regulator gives a…
For two consecutive fiscals, life insurance companies have experienced low-base effects in quarter 1 (Q1) due to the Covid-19 first and second wave effect. The financial year 2022-23 (Q1FY23) is…
Life insurance companies witnessed a modest increase of 4.15 per cent in their collective new business premium at Rs 31,254.55 crore in June, data from IRDAI showed. The 24 life…
IRDAI is planning to allow life insurance companies to offer full-fledged health insurance policies, two people with direct knowledge of the plans said, in a move that will likely reduce…
HDFC Life Insurance Co is in talks with the Insurance Regulatory and Development Authority of India (IRDAI) to allow life insurance companies to sell other regulated financial products, Deepak Parekh,…
New business premiums (NBP) of life insurance companies jumped 84 percent year-on-year (YoY) in April, propped up by 141 percent increase in initial public offering-bound insurance behemoth Life Insurance Corporation…