Thursday, October 28, 2021
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Life insurance

Govt proposes to hike in LIC’s authorised capital to Rs 25,000 cr

The government will remain the majority shareholder and will continue to retain management control, safeguarding the interest of policyholders.

‘Insurance is most preferred financial product to protect family post-COVID’

The survey also found that most consumers would like to buy life insurance in the next six months as part of their investment plans.

Life insurance sector witnesses 18.6 pc drop in first year premium: CARE Ratings

The overall sum assured also declined 12.9 per cent to Rs 8.8 lakh crore in the June 2020 quarter, compared with Rs 10 lakh crore in the corresponding period of the previous year.

‘Life insurance sector to see growth coming back to normal levels’

The coronavirus outbreak and subsequent lockdown led to sluggish business activities across sectors including the life insurance industry, Edelweiss Tokio Life Insurance MD and CEO Sumit Rai said.

COVID-19: Irdai again extends grace period for life insurance policies

All policyholders are requested to note that the objective of grace period allowed is to pay all the premiums due within that period.

‘Term insurance premiums may rise next fiscal’

The term insurance market in general has seen the premiums going down in the past few years due to competition

Uber’s driver welfare programme benefitted 90,000 in 1 year

Launched in 2018, Uber Care provides easy access to life insurance, family health insurance, micro-loan, etc to drivers. The top five cities where the maximum number of drivers were impacted are Delhi, Bangaluru, Mumbai, Hyderabad and Pune.

KCR calls for 20-day ‘Pattana Pragati’

Recently concluded month-long Palle Pragati Action Plan grand success, says CM

Riders make term insurance more comprehensive

According to Santosh Agarwal, chief business officer- Life Insurance, Policybazaar.com, while term insurance is getting popular, most people tend to compromise with the feature of term riders

TPCC praises farmer’s insurance scheme

Telangana Pradesh Congress Committee president N Uttam Kumar Reddy practically endorsed the Rythu Bhima life insurance scheme for farmers in the State saying 'farmers must have life insurance.'

Telangana signs MoU with LIC for farmers’ life insurance

The Chief Minster was addressing a huge gathering of mandal and village level Rythu Samanvaya Samithis representatives who were joined at the meeting organized to discuss the nitty gritty of implementing the life insurance scheme for farmers.

Investment in gold not enough to beat inflation: ICICI Securities official

ICICI Securities Limited is hoping to raise about Rs 4,000 crore through its IPO that will open on March 22. ICICI Bank Limited, the...

Aditya Birla Insurance launches Life Shield Plan

Launching the plan in Hyderabad, Anil Kumar Singh, Chief Actuarial Officer, ABSLI said the plan is open for people aged between 18 and 65 years. The maximum maturity age is 80 years.

​​M​an forges own death certificate to claim insurance, nabbed in Hyderabad

The arrested suspects were identified as A.​ ​Ravi Sankar Sarma, 38, a trader from ​Nalgonda; Mohammed Mujeeb-ulla-Khan, 42, ​a ​mechanic ​with the RTC and a resident of Nalgonda​

M​an forges own death certificate to claim insurance, nabbed in Hyderabad

​​Hyderabad: A man who colluded with his wife and ​two others to ​​forge his own death certificate ​in an attempt to claim life insurance...

Compulsory to link Aadhaar for life, non-life insurance policies, says IRDAI

The IRDAI has not specified any deadline for linking of Aadhaar number with the existing policies.

IndiaFirst Life to focus on mass market products

IndiaFirst Life is a joint venture between Bank of Baroda (44 per cent), Andhra Bank (30 per cent) and UK`s risk, wealth and investment brand Legal & General group (26% stake).

Double-digit growth in India’s tax collection figures: Jaitley

The impact of demonetisation is clearly visible with tax collection figures seeing double-digit growth, said Finance Minister Arun Jaitely.

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