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Life insurance new business premiums fall 8.15% to Rs 30,825 cr in Jan
Sat, Feb 08, 2025     Source : Business Standard
According to data published by the Life Insurance Council, LIC's premium dropped 13.89 per cent Y-o-Y to Rs 16,292.67 crore
INSURANCE NEWS
Goal is for Axis Max Life Insurance to become a listed entity: MD
Thu, Feb 06, 2025     Source : Business Standard
In first nine months, we have grown at 25 per cent versus private sector growth of 19 per cent and overall industry growth of 14 per cent.
INSURANCE NEWS
Public sector general insurance employee union oppose 100% FDI move
Thu, Feb 06, 2025     Source : Business Standard
The proposed introduction of 100 per cent FDI in the insurance sector and other amendments to insurance laws by the Central Government were also discussed
INSURANCE NEWS
LIC gets GST demand notice of Rs 101.95 crore
Wed, Feb 05, 2025     Source : Economic Times
Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 101.95 crore on it for short payment of Goods and Services Tax (GST) for five financial ye...
INSURANCE NEWS
Irdai caps annual premium hike for senior citizens at 10% annually—what it means for policyholders
Tue, Feb 04, 2025     Source : Mint
Irdai has capped annual increases at 10%. While this ensures predictability for policyholders, experts warn of potential challenges, including stricter underwriting and claim settlements.
INSURANCE NEWS
Budget 2025: How the new tax rules will impact ULIP investments—Key changes you need to know
Tue, Feb 04, 2025     Source : Mint
The Union Budget 2025 clarifies the tax treatment of Unit Linked Insurance Policies (ULIPs), aligning them with other investment options like mutual funds.
INSURANCE NEWS
100% FDI in Insurance: Foreign insurers may face distribution challenges
Tue, Feb 04, 2025     Source : Business Standard
The opening up of the insurance industry to 100 per cent FDI comes at a time when the insurance regulator has been advocating "Insurance for All" by 2047
INSURANCE NEWS
Ulips post-Budget: Assess suitability, examine costs before investing
Mon, Feb 03, 2025     Source : Business Standard
Investors prioritising liquidity and flexibility should stick to a term plan-MF combo
INSURANCE NEWS
Govt allows 100% FDI in insurance cos in a move that could attract more players, help increase penetration
Mon, Feb 03, 2025     Source : Economic Times
The Centre on Saturday allowed overseas investors to fully own insurance companies, raising the foreign direct investment (FDI) limit from 74% and potentially drawing more funds into the long-gestation, ca...
INSURANCE NEWS
Sebi mulls combo product of term life insurance, mutual funds for investors
Sat, Feb 01, 2025     Source : Business Standard
This new initiative aligns with Sebi's ongoing efforts to tailor financial products to market needs and drive growth in the investment space
INSURANCE NEWS
Insurance sector gets over 62% of $5.7 bn services sector FDI inflows in H1
Sat, Feb 01, 2025     Source : Business Standard
The insurance sector was opened to foreign investors with an FDI limit of up to 26 per cent in 2000
INSURANCE NEWS
Need policy framework to help states fund parametric insurance: Surbhi Goel
Fri, Jan 31, 2025     Source : Business Standard
Parametric (or index-based) insurance is a type of coverage that focuses on the likelihood or probability of a loss-causing event occurring, rather than indemnifying the actual losses sustained
INSURANCE NEWS
Irdai caps health insurance premium hikes for seniors
Fri, Jan 31, 2025     Source : Economic Times
In a major relief for senior citizens struggling with rising healthcare costs, the Insurance Regulatory and Development Authority of India (Irdai) has stepped in to curb steep health insurance premium hike...
INSURANCE NEWS
Insurance sector gears up for transformative reforms in Budget 2025
Wed, Jan 29, 2025     Source : Business Line
On the anvil are crucial reforms including an FDI hike, composite licenses, and a roadmap for GST relief
INSURANCE NEWS
Finance ministry pushes PSBs to boost affordable insurance coverage
Tue, Jan 28, 2025     Source : Business Standard
PSBs achieved only 51% of enrolment targets for the Pradhan Mantri Jeevan Jyoti Bima Yojana by Dec 2024
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