Life Insurance

Life Insurance Corporation begins special campaign to help revive policies

“Under this Special Revival Campaign, policies of specific eligible plans can be revived within five years from the date of the first unpaid premium subject to terms and conditions,”

published on : 11th January 2021

Life insurance sector's new business premium declines three per cent in December 2020

IRDAI data showed that the country's largest life insurer LIC contributed Rs 14,345.70 crore or 58 per cent to the total premium generated during the month.

published on : 10th January 2021

Afghan Taliban chief Mansour bought life insurance in Pakistan before US drone strike killed him: Report

The details about the insurance policy were revealed during the hearing of a terror funding case against him and his absconding accomplices. 

published on : 13th December 2020

New schemes launched to secure long term finances

Over the past week, insurance players and fund managers launched multiple schemes that are focused on generating wealth and securing financial needs for the long haul. 

published on : 23rd November 2020

Covid-19 individual life insurance policy now available on the market

Indian insurance market finally has an individual insurance policy that is specifically tailored to cover both Covid-19 related deaths and Covid-19 treatment costs.

published on : 16th November 2020

Chennai Insurance Ombudsman remains active during pandemic, disposes of 569 complaints

Due to the prevailing pandemic situation, hearings were being conducted through video conferencing by M Vasantha Krishna, who is acting as Insurance Ombudsman of the Chennai centre

published on : 11th November 2020

No deadline extension for motor insurance policies

The Centre may have advised state governments to extend the validity of all vehicle-related documents up to December 31, 2020.

published on : 2nd November 2020

Coronavirus could change how health insurance works

Disruption may lead to new products like OPD insurance, claims platforms, and gamification of premium pricing

published on : 2nd November 2020

After RBI disallows direct stake buy, Axis Bank rejigs Max Life deal

The lender said its total stake in Max Life will remain within the limits stipulated under the applicable laws and regulations.

published on : 30th October 2020

SBI Life net profit jumps over two-fold to Rs 299.7 crore in July-September

Net premium income increased 22 per cent to Rs 12,857.95 crore during the quarter under review from Rs 10,111.51 crore a year ago.

published on : 26th October 2020

Key metrics soar for life insurers in September 

 After having reported consecutive months of business contraction since the outbreak of the pandemic in March, India’s life insurers seem to have finally arrested the dive in September. 

published on : 11th October 2020

LIC thrives despite pandemic, gets Rs 15,000 cr profit

It has already booked more than Rs 15,000 crore as profits in the capital market this FY so far, as per its press release on Friday.

published on : 10th October 2020

Bharti AXA launches new unit linked individual insurance plan

While the customer chooses to pay premium once, he/she can opt for higher life insurance coverage of 10 times life insurance cover, it was stated.

published on : 21st September 2020

Life insurance sector struggling to recover from COVID-19 hit

Insurers claimed that even when business was bouncing back to normal from August, growth in  renewals is only marginal.

published on : 21st September 2020

LIC’s investments in PSUs surge to Rs 25 lakh crore, private sector share dips

For instance, the government sold equity stakes in BHEL, Engineers India, MMTC, New India Assurance, General Insurance Corporation of India and Hindustan Aeronautics.

published on : 19th September 2020
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