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Life insurers recorded a 14 per cent rise in underwriting new business with a premium collection of Rs 35,020 crore in September. New business premiums stood at Rs 30,716 crore in same month a year ago. The new business premium collection in the first half of FY25 rose 19 per cent to Rs 1,89,214 crore from Rs 1,58,377 crore in the same period last year, as per the monthly data released by the industry body Life Insurance Council. Driven by a strong demand for enhanced insurance protection from individual consumers, new policy issuances too increased by 45.49 per cent on a year-on-year basis in the month, resulting in the addition of new 32,17,880 policies vis--vis 22,11,680 policies in the year-ago period, it said. According to data released by the Life Insurance Council, the life insurance industry saw individual single premiums growing 13 per cent to close at Rs 5,142 crore for September while year-to-date growth stood at 14.99 per cent. Meanwhile, Life Insurance Corporation (LI
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Will the two-step approach work? A big part of the menace would indeed be curbed by putting the onus on regulated entities
The average privacy spending by businesses in India was $3.1 million in 2022 and $2.4 million in 2021, a new report said on Monday
Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out
Company has a development centre in Hyderabad and plans a full launch in India next year
Platform will cater mainly to rural and semi-urban students empowering them with future-ready skills that meet corporate demands
Mittal Lifestyle Ltd posts excellent results for year ended March 2020
Members of CSSMA raise concern regarding the pressing issue of steel and pellet industry
India, Germany, France collaborate to ease business operations in Maharashtra
Easy start to a dream car: Unmatched offers for BMW and MINI cars to complement ease of ownership like never before
Fiinovation: COVID-19 brings an opportunity for us to maximise our social impact and expand our CSR footprints says, CEO Dr Soumitro Chakraborty
Adapty delivers first ever insite online B2B commerce implementation for a leading distributor of process equipment
Everstone-backed Translumina strengthens its commercial leadership team
Fashion with a cause - Freakins the first Indian brand to introduce Safe Fashion Category
Reliance stock up 2 pc, nears record high after rights issue
Nivesh.com helps financial advisors thrive during COVID-19
UST Global recognized as 'IT Service Provider of the Year 2020' by Everest Group