Term insurance policy buyers now have the option to exit the policy early and even get the premium back. And this convenience will come at no extra cost or difference…
According to a Swiss Re report, Life Insurance premium is set to cross the $100 billion mark in India. The Indian life insurance business will present resilience and develop at…
The month of August saw the Indian non-life insurance sector logging a muted 12 per cent premium growth, Kotak Securities said in a report. According to the report, the sector's…
As the Centre has been trying to win back States that quit the flagship Pradhan Mantri Fasal Bima Yojana (PMFBY), a drop in gross premium in the current kharif season…
In a first-of-its-kind advisory, the IRDAI has proposed premium growth targets over a five-year period for life insurance companies, in a bid to double insurance penetration in the country. In…
The IRDAI has prescribed aspirational targets for non-life insurance industry, days after doing the same for life insurance companies. The aim is to increase the general insurance penetration to 2.52…
Insurance companies will soon offer vehicle owners analytics-based insurance that include ‘pay as you drive’ policies and covers where the premium varies according to driving behaviour. Companies have also been…
HDFC Life’s net profit surged 21 per cent year-on-year (YoY) to Rs 365 crore in the April-June quarter of FY23, aided by lower mortality reserves and healthy jump in value…
Health insurance witnessed subdued growth in the April-June quarter (Q1) of FY23. Despite that, health insurance premiums registered 22 per cent growth in Q1FY23 to over Rs 21,000 crore, primarily…
LIC has gained over 200-basis points (bps) market share in new business premium (NBP) during the April-June quarter of FY23. According to IRDAI data, at the end of the June…