Page 11 - Life Insurance

LCI IPO: Valuation delay, likely to push IPO plan beyond FY22

LIC IPO: There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official said

Insurance term prices will continue to rise: HDFC Life's Vibha Padalkar

Company is a steady performer and it is 'comfortably beating' the Sensex's performance, says the top executive.

Buying new policy instead of reviving old one could mean higher premium

But it means avoiding the premiums and interest for lapsed years, so do the math

Top headlines: Nominal GDP growth, Omicron cases, LIC IPO, and more

The Union Budget for FY23 is likely to assume 13-14% nominal GDP growth despite the growing inflationary concerns

Protect yourself from these common mis-selling ploys insurance agents use

An IRDAI report shows that banks and broker channels received more mis-selling complaints than other channels

Life insurers seek separate bucket for premium, tax-free annuity in Budget

The life insurance industry has recommended the government to create a separate bucket for tax rebate under section 80 (C) and make annuity tax-free for the benefit of subscribers

Buying a term plan? Go by hard numbers while selecting a life insurer

Avoid insurers with large difference in claims settled by number of policies and by benefit amount

Ahead of mega LIC IPO, Sebi plans to ramp up senior-level hiring

The hirings follow SEBI processing a record number of applications for initial public offerings last year

LIC's assets at $463 billion exceeds the GDP of several economies

LIC assets at $463 billion exceeds the GDP of several economies, and it is ranked 5th globally in terms of life insurance GWP and 10th globally in terms of total assets.

Three private life insurers increase term plan rates by 10-30%

Munich Re had nudged its insurance partners on the hike in September and insurers were engaged in negotiations with the reinsurer on the quantum of increase.

LIC, GIC Re and New India systemically important insurers: Irdai

Life Insurance Corporation of India; General Insurance Corporation of India; and New India Assurance Co. Ltd, are in the list of D-SIIs for the year 2021-22, it said

LIC inaugurates 'Digi Zone' to sell insurance policies online

Customers can use LIC's Digi Zone to buy policies online

LIC seeks bids for consultancy services for its digital transformation

The last date for submission of bids is January 17, 2022

Insurance Gazette: Need to retain the learnings and transform further

Industry leaders speak about the challenges the industry has faced over the past year, fintech, and how the pandemic is shaping consumer behaviour

Insurance Gazette: What lies ahead of insurers in post-pandemic world

Having emerged from the pandemic largely unscathed, the sector is set to benefit from an unprecedented pick-up in demand. Where it goes from here, however, depends on its ability to innovate

Insurance Gazette: Some discipline is needed in the healthcare ecosystem

Industry leaders speak about the learnings over the past year and the opportunities for progress that the pandemic has provided

3 reasons why analysts expect SBI Life to outperform peers

SBI Life is the best play to ride the upturn in the insurance sector, analysts say

Get policy terms changed during free look-in period

The commission observed that the cheque was remitted in accordance with the terms of the policy, and it was not possible to hold the company liable

Bharti AXA Life posts 33% growth in weighted new biz premium in H1FY22

The insurer's asset under management witnessed a strong growth of 28 per cent and has doubled over the past three years

Non-life insurers stare at steep loss ratios as non-Covid claims bite

While these monsoon-related ailments spike every year, this year the claims have been higher