Page 10 - Insurance Sector

Time to book profit in insurance stocks as GST meet looms? Key levels here

Star Health, ICICI Lombard, ICICI Pru Life, SBI Life and HDFC Life stocks have zoomed up to 28% so far in the September quarter. Time to keep track of these key pivot points as per technical charts.

GIC RE gets bids worth Rs 2,300 cr; demand only half of total issue size

Shares of GIC Re, the country's largest reinsurance company, have rallied over 75 per cent in the past one year. The company is currently valued at Rs 69,825 crore

Is it a wise decision to bundle health and life cover plans?

Single policy reduces paperwork and simplifies premium payments

Medi Assist's arm acquires 100% stake in Paramount Health; stock soars 11%

Medi Assist's subsidiary has signed definitive documents for 100 per cent acquisition of Paramount Health Services & Insurance.

Medi Assist Insurance TPA to acquire Paramount Health for Rs 312 crore

Paramount TPA works with 30 insurers and more than 3,000 group customers and retail policyholders

Target GST relief on life, medical insurance smartly to boost accessibility

Tax relief should target pre-packaged term and health policies, ensuring availability to seniors and those with impaired health, thereby reducing their costs

Pvt insurers ceded ground in rural areas in FY24; Tier-II,-III saw growth

LIC share of rural policies more than doubled; ULIPs witnessed increased demand in urban areas

Worked a lot on AI... By '30, biz will be 3x current size: Shriram Life CEO

He talks about its growth roadmap, industry outlook, and the need to remove GST on life insurance in achieving insurance for all by 2047

LIC's refusal to assign policies to ACESO will be contempt of court: Mehta

Established in 2018, ACESO monetises the assets of LIC policyholders to ensure maximum financial benefits, especially in cases where the policies are surrendered or lapsed

Health insurance master circular: General insurers seek 2-month extension

Irdai issued a circular on health insurance products in June and asked general/health insurers to offer a wider range of products to customers

LIC's VNB margin falls short of medium-term target, say analysts

LIC's VNB margins improved by 20 basis points (bps) to 13.90 per cent in Q1 FY25 over the same period last year due to a change in the business mix of the insurer

Non-Life Insurers premiums up 9.3% in July: General Insurance Council

The motor insurance and health insurance segments have been driving the growth in the non-life insurance industry so far in FY25, industry experts suggested

Shriram General Insurance Q1 results: Net profit rises 17% to Rs 114 crore

Plans to increase share of non-motor business to 15%

New India Assurance increases premiums on health insurance by 10%

Amid the surge in medical inflation, other insurance companies are also believed to have increased their health insurance premiums

Costlier term cover: Opt for high claim settlement with low premium

Narrow down prospective insurers' list to well-known players with strong claim settlement ratios, then select one offering lowest price

SBI Life stock scales new high; up 13% in 3 days on strong Q1 performance

The stock of life insurance company was trading higher for the third straight day, and has rallied 11 per cent after the company reported a strong performance in June quarter (Q1FY25).

ICICI Prudential stock soars 8%, hits over 2-yr high on healthy Q1 results

The company reported a healthy Q1FY25 performance, driven by a strong 34.4% APE growth and VNB margin at 24% resulting in a slight miss of around 1% on VNB to Rs 470 crore, analysts said.

LIC stock is up 16% in July on the BSE; what's fueling the rise? Check here

Analysts remain optimistic about the medium-term outlook for the life insurance sector, and expect Retail APE to grow ~12-13 per cent during FY25E.

Irdai imposes penalty of Rs 2 crore on Bajaj Finance, Aegon Life Insurance

Bajaj Finance said that the decision does not have any material impact on its financial, operational, or other activities, the company said in an exchange filing

Irdai may consider implementing risk-based supervision model: Keki Mistry

India's overall insurance penetration reduced to 4% in FY23 from 4.2% in FY22