Page 2 - Insurance News

Life insurers' new business premium rises 22% to ₹38,958 cr in July

Driven by LIC's group single premiums and private sector's individual policies, life insurers posted 22.4% YoY NBP growth in July despite a dip in total policy count

Renewal of life insurers' policies, after 1 year, declines in June quarter

Persistency is the proportion of life insurance business renewed from the business underwritten. The ratio is measured in terms of number of policies and premiums underwritten

Drop in high-value ticket life policies drags 13th-month persistency ratio

The decline in the share of high-value policies is largely on account of taxation changes in this segment, which HNIs were earlier using to get tax-free returns

No insurance claim for reckless driving, says SC: Read fine print carefully

'Insurance is a protective tool, not a safety net for irresponsible behaviour,' says expert, as SC ruling limits payouts in accidents caused by the policyholder

80% of Indians not sure what their insurance policy covers: Survey

Most people hold multiple policies but can't correctly tell what help they will get in emergencies

Marine, trade risk insurance likely to face US reciprocal tariff heat

According to industry experts, if the 26 per cent tariffs are imposed on India's goods, it is expected to put pressure on marine and trade risk insurance in the country