by AIP Online Bureau | Aug 28, 2022 | Health, Indian News, Life, Regulation
The life sector players such as LIC, private players like ICICI Prudential Life, HDFC Life, and Bajaj Allianz Life, among others, are unanimous in saying that all of them were offering health insurance before the sectoral regulator Irdai in 2016 abruptly asked them to...
by AIP Online Bureau | Jun 30, 2022 | Indian News, Life, Regulation, Technology
To grow faster, the insurers need capital and IRDAI is planning to enlarge the basket of instruments through which they can raise capital Life Insurance Corporation has to mobilise almost a total premium Rs 16 lakh crore , HDFC Life Insurance(Rs 2.66 trillion),SBI...
by AIP Online Bureau | Jun 10, 2022 | Indian News, Life, Regulation
The move will enable life insurers to launch most of the products (except individual savings, individual pensions and annuity) in a timely manner according to the dynamic needs of the market The board will have to also constitute a Product Management Committee (PMC),...
by AIP Online Bureau | May 10, 2022 | Indian News, Life
The largest insurer, state-owned LIC’s first year premium or new business premium more than doubled (at 141 per cent rise) to ₹ 11,716 crore as against ₹ 4,856.76 crore in April 2021, the Insurance Regulatory and Development Authority of India (IRDAI) said LIC...
by AIP Online Bureau | Apr 18, 2022 | Indian News, Life
LIC’s new premium income has seen a growth of eight per cent y-o-y to Rs 1,98 trillion during the reporting period. The private sector companies led by SBI Life has mobilised a total new premium of Rs 1,15 trillion, up 23 per cent y-o-y, in FY 2021-22 Except Future...
