by AIP Online Bureau | Jun 13, 2024 | Articles, Eco/Invest/Demography, Regulation, Risk Management
The Indian life sector has been marred with tax-rate changes (on high-ticket non-par policies) in the budget last year (2023). Investments in smaller tickets, growth in interiors, higher payouts and the ULIP wave (over non-par) have kept margins muted. In this...
by AIP Online Bureau | Jun 12, 2024 | Indian News, Life, Regulation
We note that the final guidelines are somewhat more favorable than the earlier draft. Based on our preliminary calculations, surrender income could decrease by approximately 55-70%. It’s too early to quantify the impact on the Value of New Business (VNB) margin,...
by AIP Online Bureau | May 27, 2024 | Eco/Invest/Demography, International News, Life, Wealth Management/ Philanthropy
Jérôme Jean Haegeli, Group Chief Economist, Swiss Re Swiss Re Institute forecasts an additional USD 1.5 trillion in global insurance savings premiums over the next decade, as consumers are moving to buy life-savings products that secure higher retirement incomes. As a...
by AIP Online Bureau | Apr 24, 2024 | Indian News, Life, Policy
26 private sector life insurers have gained market share over LIC in all three key areas like new business premium, policies and number of policies and number of lives covered under group schemes in FY 24 Indicating higher ticket size of its average...
by AIP Online Bureau | Apr 19, 2024 | Indian News, Life
LIC has seen its total premium falling by 4 per cent to around Rs 2,22 trillion in FY 24 26 private sector players, led by SBI Life Insurance, at Rs 1,55 trillion, have recorded a growth of 12 per cent in in their annual premium income. In terms of policies, the...
