Life Insurance

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Life Insurance - Total results - 96
Aegon Life Insurance launches first Life Plus hospitalisation cover for COVID-19 with Flipkart
Business

Aegon Life Insurance launches first Life Plus hospitalisation cover for COVID-19 with Flipkart

Aegon Life Insurance on Wednesday announced the launch of ‘Life Insurance with COVID-19 Cover’ for hospitalization expenses up to Rs 1 lakh along with Flipkart, India’s homegrown e-commerce marketplace

Life insurance companies register 11.4% growth in premium income in FY20; LIC logs 22.5% decline
Business

Life insurance companies register 11.4% growth in premium income in FY20; LIC logs 22.5% decline

India's life insurance companies clocked 11.36 percent growth in their collective premium income at Rs 48.26 lakh crore during the fiscal ended March 2020, data from IRDAI showed

Yes Bank extends bancassurance tie-up with Max Life Insurance for next five years
Business

Yes Bank extends bancassurance tie-up with Max Life Insurance for next five years

Private sector life insurer Max Life Insurance on Monday said Yes Bank has extended the bancassurance partnership for next 5 years

All life insurance companies to process coronavirus death claims; force majeure not to be applied: Life Insurance Council
Business

All life insurance companies to process coronavirus death claims; force majeure not to be applied: Life Insurance Council

All life insurance companies have also communicated to their customers individually in this regard.

Flipkart partners with Aegon Life Insurance;  to sell quick-access policies with sum assured of up to Rs 10 lakh
Business

Flipkart partners with Aegon Life Insurance; to sell quick-access policies with sum assured of up to Rs 10 lakh

E-commerce marketplace Flipkart and Aegon Life Insurance on Monday joined hands to sell comprehensive insurance solutions for customers looking for instant digital policies with a sum assured of up to Rs 10 lakh

Budget 2020: Insurance industry expects more tax incentives to increase penetration of life, general cover among public
Business

Budget 2020: Insurance industry expects more tax incentives to increase penetration of life, general cover among public

The insurance industry is expecting more tax incentives to increase the penetration of life and general cover among the public in the upcoming Union Budget

LIC allows revival of lapsed policy of over 2 years; move aims at improving persistency ratio
Business

LIC allows revival of lapsed policy of over 2 years; move aims at improving persistency ratio

With a view to extend the benefit of continued life cover, LIC approached IRDAI and extended the benefit of longer revival period to even those policyholders who bought policies post-1 January 2014, LIC said.

Haryana chief minister to launch Mukhyamantri Parivar Samridhi Yojana today; scheme aims to provide social security to families in state
India

Haryana chief minister to launch Mukhyamantri Parivar Samridhi Yojana today; scheme aims to provide social security to families in state

Haryana chief minister Manohar Lal Khattar will launch Mukhyamantri Parivar Samridhi Yojana from Red Bishop, Panchkula on 30 August.

Insurance stock investors should buy; what could make Eicher Motors attractive? Read all this and more on Moneycontrol Pro
Business

Insurance stock investors should buy; what could make Eicher Motors attractive? Read all this and more on Moneycontrol Pro

Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations

HDFC Life net profit rises 12% to Rs 425 cr in June quarter; premium up 29% to Rs 6,536 cr
Business

HDFC Life net profit rises 12% to Rs 425 cr in June quarter; premium up 29% to Rs 6,536 cr

HDFC Life on Tuesday reported an increase of 12 percent in its standalone net profit to Rs 425 crore in the first quarter ended 30 June

Bank of India to sell 25.05% stake in life insurance JV Star Union Dai-ichi for Rs 1,106 cr
Business

Bank of India to sell 25.05% stake in life insurance JV Star Union Dai-ichi for Rs 1,106 cr

Bank of India on Friday said it will sell 25.05 percent stake in its insurance JV Star Union Dai-ichi Life Insurance Co for at least Rs 1,106 crore

Bharti AXA Life's premium grows 28% in 9 months of current fiscal; to focus on tier 2, 3 cities to expand business
Business

Bharti AXA Life's premium grows 28% in 9 months of current fiscal; to focus on tier 2, 3 cities to expand business

Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and French insurance major AXA, saw its asset under management grow to Rs 5,264 crore as on 31 December, 2018 from Rs 4,215 crore on 31 December, 2017.

Life insurers register 33% growth in new premium income at Rs 18,209 cr in February, IRDAI data shows
Business

Life insurers register 33% growth in new premium income at Rs 18,209 cr in February, IRDAI data shows

India's life insurance industry witnessed a rise of 32.7 percent in its collective new premium income at Rs 18,209.50 crore during February 2019, data from IRDAI showed

Only 21% of life insurance holders have term insurance; 53% unaware of this cover, benefits: Survey
Business

Only 21% of life insurance holders have term insurance; 53% unaware of this cover, benefits: Survey

The survey showed that while 65 percent of respondents owned life insurance, the percentage of term insurance owners was a paltry 21 percent.

Postal dept to spin off life insurance business into separate unit, says communications minister Manoj Sinha
Business

Postal dept to spin off life insurance business into separate unit, says communications minister Manoj Sinha

The postal department plans to spin off the postal life insurance and rural postal life insurance operations into a separate business unit (SBU) for which it has moved a Cabinet note, Communications Minister Manoj Sinha said on Wednesday

Policybazaar aims to collect Rs 3,500 crore premium in FY19; firm to continue to create awareness on protection products
Business

Policybazaar aims to collect Rs 3,500 crore premium in FY19; firm to continue to create awareness on protection products

Policybazaar.com became the first internet-based company in India to turn profitable on yearly basis from among the startups that have emerged in the last decade in FY17.

Insurance penetration in India grows just 1% in last one and half decade; These six charts explain why
Business

Insurance penetration in India grows just 1% in last one and half decade; These six charts explain why

Despite healthy growth, India’s share in the global insurance market was meagre 2.0 percent during 2017

Insurance sector to witness strong growth on robust GDP expansion, evolving regulatory regime: Moody's
Business

Insurance sector to witness strong growth on robust GDP expansion, evolving regulatory regime: Moody's

During fiscal 2018, total gross premiums for the non-life and life insurance sectors grew 11.5 percent to Rs 6.1 lakh crore ($94 billion), bringing the 5-year compound annual growth rate (CAGR) to 11 percent.

Finance Minister should consider liberalising Section 80C, and increase tax exemption limit
Business

Finance Minister should consider liberalising Section 80C, and increase tax exemption limit

Senior citizens have their own geriatric needs. Unfortunately, section 80C doesn’t cater to them.

Indians see life insurance as the handiest instrument for planning life goals: Survey
News & Analysis

Indians see life insurance as the handiest instrument for planning life goals: Survey

Life insurance is the top instrument for life goals such as building a house.