Bima Sugam India Federation, an unlisted company, incorporated on...
Category:
Life
Latest
Embracing 2025: Year of Purpose & Opportunities
2024 has been a pivotal year for the Indian insurance industry,...
Micro insurance premium in life segment rises 24% to Rs 10,000 crore in FY24
The number of persons covered under the scheme stood at 178.39...
Tata AIA Life premium income rises 23 pc to Rs 5,255 cr in H1 FY22
The company's total assets under management (AUM) increased 38 per cent in H1 FY22 to Rs 51,704 crore from Rs 37,409 crore in H1 FY21 Mumbai: Tata AIA Life Insurance has reported a 23 per cent rise in its total premium income of Rs 5,255 crore for the first half of...
Govt inducts three insurers as part time members into BBB
The new members are Usha Sangwan, former MD, Life Insurance Corporation representing the life segment, A.V. Girija Kumar, former CMD, Oriental Insurance Company(OIC), for non-life, Sujay Banarji, former member,(Distribution), for re-insurance or actuarial science New...
ICICI Pru Life’s new term insurance plan to return 105% of premiums paid on maturity
Term plans with auto-adjusting life cover, basis changing life-stages, to suit customer’s requirements Option to take cover against 64 critical illnesses Mumbai: ICICI Prudential Life Insurance has launched an innovative term insurance product ‘ICICI Pru iProtect...
LIC withholds dividend payment to govt in last 2 yrs, conserves Rs 6,300 cr capital
Sources at LIC said that the corporation has already accumulated Rs 6,300 crore of capital by not paying any dividend to the government in recent years and planning raise more though, at present it is not known how it will do it Mumbai: In a bid to conserve capital,...
India’s insurance penetration expands by 12% to 4.20% 2020-21,non-life penetration hits 1%
Atul Sahai, CMD, New India Assurance and chairman of General Insurance Council Non-life insurance penetration touching 1 per cent is a very important milestone for the Indian non-life insurance industry. Despite being an extremely challenging year the non-life...
COVID-19 to reduce UK life expectancy by 9 Months:Royal Bank of Canada analysts
The increased mortality will allow the life insurers to release more funds that have been set aside in reserves, boosting operating profit by 7.4 billion pounds ($9.8 billion), or 16%, each year for the next five years, RBC said. The coronavirus pandemic is seen...
More women beneficiaries joining insurance schemes PMJJBY, PMSBY, says govt
The schemes have seen significant growth in terms of the cumulative number of women enrolled in these schemes, the minister said. Under PMSBY there are 10,26,45,751 women beneficiaries and under PMJJBY there are 3,42,40,254 beneficiaries As many as 1,60,925 women were...
Govt refutes speculation over LIC IPO’s delay, says it is ‘on course’
"Some media speculation doubting the feasibility of LIC IPO this fiscal year is not correct. It is reiterated that plan is on course for the IPO in the last quarter of this fiscal," Secretary of Department of Investment and Public Asset Management tweeted New Delhi:...
LIC to take legal action against misuse of Its logo on social media platforms
"It has also come to our notice that certain unscrupulous service providers and agents have created websites and Apps whereby they are attempting to provide various services such as 'Insurance and Insurance Advisory Services' to customers using our trademarks/service...
Some EU insurers relied on relief measures during stress test, says watchdog
Industry body Insurance Europe said the results confirm the sector's ability to meet promises to customers under extreme 1 in 1,000 year events The next test for insurers, which could include climate-related elements, won't be until 2023 The test covered 44 insurers...