Page 8 - Insurance Premium

Life insurers see 16% growth in new business premiums in September quarter

New business premiums of life companies rose 26% in September, with LIC leading the way

Covid-19 impact: Life insurers lose 4 mn policies, Rs 45,000 cr in premiums

Traditionally, the second fortnight of March is the most productive period for the life insurance business as around 15-18 per cent of the entire business comes during this period

Despite market volatility, LIC made Rs 13k cr profit in equity till Aug: MD

The insurer has collected about Rs 87,300 crore of renewable premium till August this year, registering a growth of 13.5 per cent over the same period of the last fiscal

Centre extends crop insurance premium deadline in five MP districts

Union government has agreed to give farmers in five districts of Madhya Pradesh time till September 7 to pay premium under the PM's crop insurance scheme, state agriculture minister Kamal Patel said

Rs 20,000 hotel bill, Rs 50,000 insurance premium may come under I-T lens

In a list of proposed measures to widen the tax base, in a tweet, government said no taxpayer should be left behind in the drive to ensure better compliance and transparency

Moped sales are back in green in the month of July with 14% growth

TVS Motor, India's third largest two-wheeler maker, is the sole manufacturer of mopeds after Hero and Kinetic exited the sector many years ago

Life insurers see new business premium rise 7% in July to Rs 22,986 cr

Private insurers, 23 in all, amassed NBP of Rs 7,815 cr in July, up 26% from Rs 6,197 cr a year ago

LIC's total premium clocks 12% growth in FY20 at Rs 3.79 trillion

Settled 561 Covid-19 death claims amounting to Rs 26.74 crore

SBI Life Q1 net rises 5% to Rs 390 cr, new business premium income falls

There was a decline of 29 per cent in individual new business premium, while individual rated premium slipped by 36 per cent

A snapshot of premiums on home insurance cover offered by top players

Here are the premium rates for top eight insurers offering home cover of Rs 1-crore structure, plus Rs 25 lakh on contents

LIC sees rebound in business after months of slide due to Covid-19 crisis

With the spread of coronavirus and the subsequent lockdown imposed by the government, LIC saw its new business premium (NBP) fall 31 per cent year-on-year (YoY) in March

Life insurers note 25% drop in new business premiums in May due to Covid-19

In the first two months in FY21, NBP of life insurers dropped almost 30%

Opting for EMI on health insurance premiums? You may end up paying more

This is because insurers are levying a nodal charge of 3-4 per cent on premium paid through instalment

Opt for monthly payment of term premiums as insurers get set to hike rates

Some insurers have already started increasing premiums, and others are expected to do so in the next six months

Planning to take health insurance policy? Do not go by premium alone

You also need to take into account exclusions and sub-limits

New premium business of LIC rises 25% in FY20, market share up 1.2%

In FY20, premiums from LIC's pension and group schemes clocked Rs 1 trillion mark

Covid-19 impact: Life Insurer's new business premium declines 32% in March

For the month of March, the new business premiums of life insurance companies stood at Rs 25,409 crore compared to Rs 37,459 core in March 2019.

Investors' high expectations raise risk for stocks of general insurers

Benefits of lower claims could get offset by subdued premium collection and fixed costs

High expectations raise risk for stocks of general insurance companies

Benefits of lower claims could get offset by subdued premium collection and fixed costs

Fighting Covid-19 crisis: LIC customers get more time to pay premium

LIC has said all death claims related to Covid-19 would be treated on a par with other causes of death and payments would be made on an urgent basis