Life Insurance

LIC has entered a bancassurance partnership with Yes Bank, giving customers wider access to its life insurance plans as both institutions work toward the "Insurance for All by 2047" vision

In this Manager’s Mantra session, Anup Seth, Chief Distribution Officer, Edelweiss Life Insurance provides rich insights on the insurance sector and gives valuable career guidance to the BSchoolers. >

Insurance leaders view the GST waiver as an inflexion point, detailing plans to boost customer value and make products the engine for growth

Regulatory shocks and withdrawal of a tax benefit slowed down growth, nudging firms to focus on affordability, efficiency and chasing more customers

IRDAI member Swaminathan Iyer stresses the need to track ₹1.9 trillion in unclaimed life insurance funds to build trust and boost penetration, vital for achieving 'insurance for all by 2047'

The Irdai chairman has noted that the industry requires significantly more capital and that foreign investment alone cannot meet these needs

MD & CEO Sumit Madan says product mix tweaks and cost control will offset ITC loss as firm targets "breakout number 3" position in industry

Each partner commits to invest Rs 1,250 cr in the first five years of new venture

The insurer's individual new business annualised premium equivalent (APE) grew 8 per cent YoY to ₹544 crore, while renewal premiums surged 43 per cent

Canara HSBC's debut price came in slightly below expectations in the grey market, where its unlisted shares were trading at ₹109 per share

Robust group segment performance led by LIC and private players drives 14.8 per cent year-on-year growth in new business premium for life insurers

India's life insurance industry is set to deliver resilient growth, improve profitability, and strengthen cash flow visibility over the long term, Motilal Oswal said

The Financial Services Institutions Bureau has recommended Ramakrishnan Chander for the post of LIC Managing Director, with the final decision to be taken by the Appointments Committee

The ambitious insurance platform will feature an e-KYC module followed by two or three insurance products available for purchase, starting with health insurance and then life insurance

The CBIC has clarified that taxes paid on inputs like brokerage and commission for individual life or health insurance policies cannot be claimed as ITC

New business premiums of life insurers fell 5.2% YoY in August to Rs 30,959 crore as LIC posted a sharp decline, while private insurers recorded double-digit growth

Indian life insurers registered a 6.01 per cent growth in new business premiums (NBPs) in August 2025, driven by higher sales of both single and non-single premium policies, a release said on Tuesday. NBPs increased to Rs 1,63,461.52 crore in August this year, compared to Rs 1,54,193.76 crore in the corresponding period last year, according to data released by the Life Insurance Council. Individual single premiums grew 9.71 per cent, while individual non-single premiums rose 4.51 per cent during the period. Combined individual premium collections posted a 6.20-per cent growth on a YTD basis, it showed. The council said the growth was supported by insurers' focus on expanding coverage among first-time buyers and strengthening distribution. Life insurers added more than 4.37 lakh individual agents, though cumulative agent count registered a modest 2.75 per cent growth, due to attrition, the release said. Agent addition along with the rapid pace of digitisation is expected to further

Experts expect spike in health and life insurance sales post-September 22, 2025, after GST exemption on individual policies takes effect, but many customers are likely to defer purchases until then

Enhance sum insured on base health policy, buy add-on cover

Zero GST Impact on Insurance: From October, GST on individual health and life insurance premiums drops from 18% to 0%; insurers weigh impact of lost input tax credit