Page 13 - Life Insurance

De-risking the Risk Business webinar series - The Digital Shift: Automation for Actuaries

What happens to investments when the holder dies without nominating anyone?

Your family could face difficulties as getting a succession certificate from the court is easier said than done

Life insurance companies' new premium business up 45% at Rs 9,739 crore

While the NBP of private insurers, 23 in total, grew 55.18 per cent over the same period last year, state-owned Life Insurance Corporation reported 35.6 per cent growth

Amid Covid scare, life insurers go slow on renewing group-term plans

The adverse claims experience of life insurers have made them apprehensive of renewing group-term policies of some corporate entities

Life insurance giant LIC earns Rs 1.84 trillion in new premium in FY21

One of Asia's life insurance giants, Life Insurance Corporation of India (LIC) closed last fiscal with a new business premium or first year premium of Rs 1.84 trillion, the company said

Go for group life insurance cover if policy rejected, say analysts

You can opt for insurers with easier underwriting, or alternatively, a standard term

Top headlines: SC 'unseats' minority shareholders; vax makers seek govt aid

The price of the AstraZeneca vaccine - the one sold the most globally- varies from $2 to $6 per dose. India has got this vaccine at $2.06 per dose, the cheapest in the world. Read today's top news

Life insurers shell out Rs 2,000 crore as Covid-19 death claims, shows data

The amount paid as claims towards deaths caused by Covid is not yet alarming to the extent that it will impact the balance sheet or solvency ratios of companies

Relay Strike: PSU non-life & life insurance staff to go on strike

It is going to be a relay strike by unions in the public sector financial services sector domain

Axis Bank to acquire 9.9% stake in Max Bupa Health's promoter entity

Max Bupa Health Insurance is as a joint venture between private equity group True North and Bupa.

We've done heavy pruning in crop portfolio: GIC Re chairman & MD Srivastava

We will be looking to prune our portfolio to make GIC Re a healthier entity, said MD Srivastava

Coming soon: Pay life insurance premium in advance, get a discount

IRDAI proposes to link discount with SBI savings bank rate, which is currently at 2.7%

Bharti AXA Life boosts protection cover segment to expand footprint

The firm has enriched the protection cover segment with the benefits of 'Quit Smoking' and 'Stay Fit' in its life cover solution Bharti AXA Life Flexi Term Pro

Bajaj Allianz Life launches post-retirement fund guarantee plan

Bajaj Allianz Life Insurance on Wednesday launched an insurance plan offering a guaranteed regular deferred annuity during post-retirement life

Non-life insurers direct premium rises by 6.7% in Jan at Rs 18,488.06 cr

The cumulative premium till January 2021 rose by 1.91 per cent to Rs 1,40,999.04 crore; stand-alone health insurers witnessed 8.04 per cent increase at Rs 12,108.73 cr

Life insurance industry net profit down 8.4 % to Rs 7,728.30 cr in FY20

The life insurance industry registered a decline of 8.4 per cent in net profit at Rs 7,728.30 crore in 2019-20, Irdai's annual report showed on Wednesday.

Competition Commission gives go-ahead to Axis-Max Life Insurance deal

Additionally, Axis Capital and Axis Securities will acquire 2 per cent and 1 per cent, respectively, shareholding in Max Life

How NRIs can buy term insurance plans in India

The Coronavirus pandemic has made life uncertain throughout the world.

Life insurers see 2.7% contraction in December premium collection

Top private insurers such as HDFC Life, ICICI Life, and Max Life Insurance registered double-digit growth in December

Foreign portfolio investors accounted for 55% of IPO mop-up in 2020

The Indian anchor list was dominated by mutual funds, with just one insurance firm HDFC Life Insurance in the top 15; it contributed Rs 109 crore