close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Life insurance

Indian insurance industry is going digital; are you following?

Insurance as an industry is currently at the helm of a disruptive technological revolution.

May 15, 2019, 17:20 PM IST

Bank of India to sell 25.05% stake in life insurance JV for Rs 1,106 crore

The bank has floated a request for proposal for sale of over 6.48 crore equity shares, or 25.05 percent stake in its joint venture with Union Bank of India and Japan's Dai-ichi Life Holdings Inc.

Apr 05, 2019, 17:14 PM IST

Indians prefer insurance for major life goals: Survey

When it comes to planning for child's marriage, they look at fixed deposits in addition to life insurance, the survey revealed.

Dec 28, 2018, 13:01 PM IST

What is life insurance and how it works

Primarily, life insurance is a risk transfer tool which can be used to transfer the financial risk of the family, in case of the holder’s untimely demise, to the insurance company.

Mar 15, 2018, 22:08 PM IST

What are the key differences between Life and General Insurance?

When it comes to insurance policies, the options are countless due to which it can get confusing to know which ones to opt for.

Mar 12, 2018, 18:19 PM IST

Don’t have insurance? Get a life and health insurance combi plan

As you grow older and have a family, you will realise that life and health insurance are fundamental for a sound financial future.

Mar 09, 2018, 08:47 AM IST

Union Budget 2018: Insurance sector and expectations from the Modi govt

Pradhan Mantri Fasal Bima Yojana farmers pay a very nominal premium and get a full claim for the crop damage.

Jan 30, 2018, 00:13 AM IST

Linking Aadhaar with insurance policies mandatory

There are 24 life insurance companies and 33 general insurers (including standalone health insurers) operating in the country.

Nov 09, 2017, 07:44 AM IST

LIC raises stake in Coal India to 9.4%

The PSU which accounts for over 80 percent of the domestic coal production is eyeing 600 million tonnes of output in the ongoing fiscal.

Nov 01, 2017, 21:58 PM IST

IRDAI appoints administrator for Sahara Life Insurance Company

Insurance regulator IRDAI on Monday appointed an administrator to manage Sahara India Life Insurance Company, saying Subrata Roy-run insurer was "acting in manner" prejudicial to interest of subscribers.

Jun 12, 2017, 20:08 PM IST

Fixed deposits score big over equities, MFs for investment: Sebi Survey

More than 95 percent Indian households prefer to park their money in bank deposits, while less than 10 percent opt for investing in mutual funds or stocks, a new Sebi survey showed Wednesday.

 

Apr 05, 2017, 19:06 PM IST

Demonetisation: EPFO pensioners can submit life certificate till January 15

Providing breather to its around 50 lakh pensioners amid difficulties being faced in banks due to demonetisation, retirement fund body EPFO has extended the last date for submission of life certificate till January 15.

Nov 28, 2016, 17:32 PM IST

ICICI Prudential Life will outpace market growth: Chanda Kochhar

"The company has had the tradition of growing faster than the industry and that gives us the comfort that the company will continue (to grow faster)," she told reporters, minutes after the first insurer to go public was listed on the bourses.

Sep 29, 2016, 19:03 PM IST

GST: Life insurers want exemption; general differential rates

As the GST rollout plans gathers momentum, life insurers sought exemption from the new taxation regime on premium income, while general insurers have demanded differential rates for their products.

Sep 25, 2016, 14:45 PM IST

10 new players apply to Irdai to start operations in India

Insurance Regulatory and Development Authority of India (Irdai) has received applications from ten new players to start operations in the country

Mar 28, 2016, 17:33 PM IST

PNB MetLife eyes 30% growth in first premium income

 Life insurance firm PNB MetLife is expecting 30 percent growth in first premium income during the current financial year, a senior company official said on Wednesday

Mar 16, 2016, 18:42 PM IST

PNB MetLife eyes 30% growth in first premium income

 Life insurance firm PNB MetLife is expecting 30 percent growth in first premium income during the current financial year, a senior company official said on Wednesday

Mar 16, 2016, 18:42 PM IST

Nippon acquires 23% stake in Reliance Life for Rs 2,265 crore

Japan's Nippon Life Insurance on Tuesday announced the acquisition of another 23 percent stake in Reliance Life Insurance for about Rs 2,265 crore.

 

Nov 24, 2015, 15:52 PM IST

IRDAI asks life insurers to avoid delay in pension payment

Insurance watchdog IRDAI has issued directive to life insurers to streamline process to ensure timely payment of pension to policyholders who have bought such products from them.

Aug 07, 2015, 22:35 PM IST

Life insurance market clocks 20% growth in first quarter

After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 percent growth in new premium income.

Jul 19, 2015, 18:03 PM IST