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Rural households prefer savings instruments over term insurance plans: Max Life Survey

Rural households prefer savings instruments over term insurance plans: Max Life Survey

by AIP Online Bureau | Mar 22, 2023 | Articles, Eco/Invest/Demography, Life, Policy, Technology, Wealth Management/ Philanthropy

Saving for children’s education and marriage emerged as top savings objectives, multiple anxieties around savings and expenditures for the future abound The low uptake of life insurance products in rural Indian can be primarily attributed to inadequate funds to buy...
Budget-2023-24:Zero-rated GST for protection products

Budget-2023-24:Zero-rated GST for protection products

by AIP Online Bureau | Dec 15, 2022 | Articles, Life, Pandemic, Policy

Vighnesh Shahane, MD & CEO, Ageas Federal Life Insurance The insurance industry wish-list for the annual Budget has been largely the same for the last four-five years with the aim of driving insurance penetration in the country. A few of our recommendations...

Life insurers’ new premium income jumps 91pc to Rs 39,079cr in July

by AIP Online Bureau | Aug 9, 2022 | Indian News, Life

The country’s largest life insurer LIC registered a more than twofold jump in new business premium income to Rs 29,116.68 crore during the month compared to Rs 12,030.93 crore in the year-ago month, the Insurance Regulatory and Development Authority of India...

Life insurance premiums rise by 40% to Rs 73,674 crore in Q1 Fy 2022-23

by AIP Online Bureau | Jul 7, 2022 | Indian News, Life

Recently listed LIC posted a 35.39 per cent growth in its new premium collection to Rs 48,201 crore in the June quarter 23 private sector life insurers led by SBI Life, at Rs 25,473 crore, registered a 48.75 percent growth in their new premium collection in the June...

IDBI Bank to exit insurance JV by selling entire stake to Ageas for Rs 580 rore

by AIP Online Bureau | May 20, 2022 | Banking & Bancassurance, Indian News, Life

With the stake buyout from IDBI Bank, AFLI will become the first company in the life insurance sector where the foreign partner will raise its stake to the maximum permissible limit of 74 per cent Mumbai: IDBI Bank on Friday said it has entered into a pact with Ageas...
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