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Life Insurance Industry

White-collar hiring up 4% in Jan, driven by FMCG, pharma, insurance sectors

White-collar hiring activities in January witnessed 4 per cent growth driven by traditional sectors, including FMCG, pharma and insurance, according to a report released on Monday. "In 2024, January had greeted us with a disappointing 11 per cent de-growth in hiring. In contrast, 2025 seems to have started on a positive note. The 4 per cent hiring growth is tempered as IT recovery settles in, however, strong growth in most core sectors, including FMCG, pharma, insurance and hospitality is a good sign and augurs well for a cracking 2025 in terms of white collar hiring," Naukri Chief Business Officer Pawan Goyal said in a statement quoting NaukriJobSpeak Index. The report revealed a steady hiring environment with strong performances in core sectors like FMCG (16 per cent), insurance (15 per cent), and pharma (11 per cent), and hospitality by 8 per cent, while IT hiring remained flattish, the report added. The Naukri JobSpeak is a monthly index representing the Indian job market and ..

White-collar hiring up 4% in Jan, driven by FMCG, pharma, insurance sectors
Updated On : 03 Feb 2025 | 4:40 PM IST

Shriram Life unveils Sunishchit Laabh, a non-participating savings plan

The plan features flexible maturity income payout options, including tax-free payouts for up to 40 years

Shriram Life unveils Sunishchit Laabh, a non-participating savings plan
Updated On : 16 Jan 2025 | 4:46 PM IST

Insurance penetration in India dips to 3.7% despite premium growth: Irdai

Total premiums across all insurance categories reached Rs 11.19 trillion in 2023-24 while insurers paid out Rs 7.66 trillion in claim settlements, Irdai said in its annual report

Insurance penetration in India dips to 3.7% despite premium growth: Irdai
Updated On : 25 Dec 2024 | 5:28 PM IST

Non-life insurers' profit in green in FY24 after 2 straight years of losses

Net profit of life insurance companies rose by 10.79% Y-o-Y in FY24 to Rs 47,407 crore

Non-life insurers' profit in green in FY24 after 2 straight years of losses
Updated On : 23 Dec 2024 | 11:52 PM IST

Over Rs 20k cr of unclaimed amounts lie with life insurers at end of FY24

Irdai also adopted several measures to reduce existing unclaimed amounts, asking insurers to prompt policyholders to update their contact details at the time of renewal

Over Rs 20k cr of unclaimed amounts lie with life insurers at end of FY24
Updated On : 23 Dec 2024 | 11:49 PM IST

New surrender value norms: Life insurers turn to policies with high value

Despite the fall in number of policies, the new business premiums of life insurers grew in double digits

New surrender value norms: Life insurers turn to policies with high value
Updated On : 15 Nov 2024 | 8:33 PM IST

Strong growth, margin metrics could support LIC's stock valuations

The management aims for a positive growth trajectory in the par segment and expects strong growth to continue in the non-par segment

Strong growth, margin metrics could support LIC's stock valuations
Updated On : 11 Nov 2024 | 10:49 PM IST

Life insurers' new biz premium up 14% Y-o-Y in Sept; rises 19% in H1 FY25

LIC's new business premium grew by 12.4 per cent Y-o-Y to Rs 203,69.26 cr

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Updated On : 18 Oct 2024 | 11:36 AM IST

Tata Digital launches life insurance products on Tata Neu with Tata AIA

Like in other offerings, customers buying insurance products will also earn NeuCoins, which can then be redeemed across the Tata ecosystem

Tata Digital launches life insurance products on Tata Neu with Tata AIA
Updated On : 15 Oct 2024 | 4:59 PM IST

LIC reduces entry age for its new endowment plan to 50 years from 55

Endowment is an insurance policy that provides life cover and maturity benefit

LIC reduces entry age for its new endowment plan to 50 years from 55
Updated On : 11 Oct 2024 | 9:02 PM IST

25 years of the Indian insurance industry: Here are the hits and misses

De-tariffing and portability are two milestones ahead of the Insurance Act amendment that made health insurance an independent line of business and raised FDI limits to 49%. The first of 2 part column

25 years of the Indian insurance industry: Here are the hits and misses
Updated On : 08 Sep 2024 | 4:23 PM IST

Life Insurers to seek extension on implementing surrender value norms

Revising all the traditional products according to the new surrender value norms and renegotiating terms with the distributors within the timeline is a huge challenge

Life Insurers to seek extension on implementing surrender value norms
Updated On : 30 Jul 2024 | 9:29 PM IST

Costlier term cover: Opt for high claim settlement with low premium

Narrow down prospective insurers' list to well-known players with strong claim settlement ratios, then select one offering lowest price

Costlier term cover: Opt for high claim settlement with low premium
Updated On : 26 Jul 2024 | 10:49 PM IST

Life insurance premium; luxury pool villas: Top personal finance stories

This week's newsletter tells readers about the strategy they should follow as life insurance premiums rise and the best pool villas

Life insurance premium; luxury pool villas: Top personal finance stories
Updated On : 26 Jul 2024 | 6:53 AM IST

ICICI Prudential Life Q1 results: Net profit rises 8.9% to Rs 225.4 crore

The expenses of the company rose by 32.8 per cent to Rs 198.53 crore in the quarter under review as compared to Rs 149.47 crore in Q1 FY24

ICICI Prudential Life Q1 results: Net profit rises 8.9% to Rs 225.4 crore
Updated On : 23 Jul 2024 | 7:25 PM IST

Top private life insurance firms hike term policy premium by 4-7%

HDFC Life, Bajaj Allianz Life, ICICI Prudential Life, Max Life increase by 4-7%

Top private life insurance firms hike term policy premium by 4-7%
Updated On : 11 Jul 2024 | 11:37 AM IST

Anuj Tyagi to succeed Ritesh Kumar as MD & CEO of HDFC Ergo from July 1

Tyagi, who currently serves as the deputy MD, joined the company in 2008

Anuj Tyagi to succeed Ritesh Kumar as MD & CEO of HDFC Ergo from July 1
Updated On : 24 Jun 2024 | 2:57 PM IST

LIC to enter health insurance market via private health insurer: Report

Earlier, LIC Chairman Siddhartha Mohanty had spoken about exploring "inorganic" options for the company's foray into the health insurance segment

LIC to enter health insurance market via private health insurer: Report
Updated On : 14 Jun 2024 | 10:49 AM IST

PNB MetLife appoints Sameer Bansal as MD, CEO; to succeed Ashish Srivastava

He joined the firm in 2007 and is currently serving as the Chief Distribution Officer

PNB MetLife appoints Sameer Bansal as MD, CEO; to succeed Ashish Srivastava
Updated On : 06 Jun 2024 | 2:49 PM IST

After encouraging Q4, outlook positive for public sector insurer LIC

LIC has an industry leading position despite the aggressive catch up from private competitors

After encouraging Q4, outlook positive for public sector insurer LIC
Updated On : 30 May 2024 | 12:24 AM IST