by AIP Online Bureau | Mar 19, 2025 | Eco/Invest/Demography, Indian News, Life, Regulation
“ We want to clarify that LIC has introduced products that align with the New Product Regulations set by IRDAI, effective from October 1, 2024, keeping policyholders’ interests at the forefront .” said Siddhartha Mohanty, CEO & MD, LIC Kumud Das New Delhi/Mumbai;...
by AIP Online Bureau | Dec 28, 2024 | Eco/Invest/Demography, Indian News, Life, Regulation
The number of persons covered under the scheme stood at 178.39 million New Delhi/Hyderabad: The micro-insurance premiums in the life insurance sector in the country has surpassed Rs 10,000 crore for the first time in FY24, according to industry data. The number of...
by AIP Online Bureau | Dec 5, 2024 | Banking & Bancassurance, Indian News, Life, Policy, Wealth Management/ Philanthropy
Reserve Bank of India on Thursday has accorded approval to our bank for divesting its shareholding in Canara Robeco Asset Management Company Ltd and Canara HSBC Life Insurance Company Ltd by 13 per cent and 14.5 per cent, respectively through Initial Public Offer...
by AIP Online Bureau | Aug 13, 2024 | Indian News, Life
Life Insurance Corporation of India (LIC) saw a 19.78 per cent jump in its new business premium to Rs 18,431 crore from Rs 15,387 crore in July 2023.The premium growth for the private life insurance industry slowed down and grew by 7 per cent, reaching Rs 13,392 crore...
by AIP Online Bureau | Aug 10, 2024 | Briefs, Life, Technology
PhonePe on Friday announced the launch of a ‘pre-approved term life insurance’ feature on its platform. The company has partnered with leading insurers to enable this feature on its platform. In fact, the company is focused on scaling up this offer tremendously and...
