by AIP Online Bureau | Jun 9, 2023 | Data, Life
LIC recorded an 11.26 per cent decline in its new business premium at Rs 14,056.29 crore during the month The rest 23 players in the private sector, however, witnessed their combined new business premium rise by 9.05 per cent to Rs 9,421.51 crore from Rs 8,639.72...
by AIP Online Bureau | Mar 31, 2023 | Indian News, Life, Non-Life, Regulation
Three new players have been given licenses in FY2022-23. Another 20 players which intend to enter country’s life, non-life and reinsurance sector are in the pipeline, said IRDAI on Friday. Hyderabad: Finally, the long dry spell of new life players have come an...
by AIP Online Bureau | Feb 2, 2023 | Articles, Eco/Invest/Demography, Life
Government aims to plug the arbitrage which HNIs and other wealthy individuals are employing to get healthy tax-free returns on their lumpy Non-Par insurancepurchases The cap of Rs5 lakh will be applicable for all policies bought across insurers. Thus, as the policy...
by AIP Online Bureau | Nov 7, 2022 | Indian News, Life
LIC recorded 18 per cent rise in its new business premium at Rs 15,920.13 crore during the month, as against Rs 13,500.78 crore a year ago The rest 23 players in the private sector witnessed their combined new business premium increasing by 11 per cent to Rs 8,996.45...
by AIP Online Bureau | Oct 13, 2022 | Eco/Invest/Demography, International News, Life, Risk Management
Japanese life insurers’ derivative-related exposures are higher than those of other insurers in the region, primarily because of hedged foreign-exchange risks, mainly against the US dollar. Generally, 50%-90% of these currency risks are hedged and transactions are...
