Life Insurance Policy

GST on life, health insurance may be scrapped as Centre pushes exemption

The Centre has proposed exempting life and health insurance premiums from the current 18% GST; the GoM will submit its report to the GST Council, which will take the final decision

Participating life insurance plans: Suitable for steady, long-term goals

Be mindful of limited returns, low liquidity, and higher premiums than non-par plans

Axis Max Life Insurance likely to grow 3-5% more than industry in FY26

Axis Max Life Insurance targets 3-5% growth above industry levels in FY26, backed by strong Q1 performance. The company aims to become the third-largest private life insurer in India

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

Pick the best life insurance policy for your investment purposes

Here are the best life insurance policies and their premiums from Policybazar for your benefit

Sales of life insurance policies drop 10% in Q1FY26, shows data

Life insurance policy sales dropped 10.11% YoY in Q1FY26 to 4.8 million, with muted demand and new surrender value norms contributing to the decline

AU Small Finance Bank partners with LIC to broaden life insurance reach

AU Small Finance Bank partners with LIC to distribute life insurance products across 2,456+ branches, aiming to boost financial inclusion and support the 'Insurance for All by 2047' initiative

What are the best term insurance premiums available for professionals?

A term insurance plan is a safe and attractive option for securing your own finances as well as your family's long into the future

Govt approves Swaminathan S Iyer's appointment as Irdai Life Member

He is appointed for five years from the date of assumption of charge or until he attains the age of 62 years or until further orders, whichever is earlier

Life Insurers report 5.7% growth in premiums in April - Feb period

Life-insurance companies in February reported an 11.6 per cent year-on-year (Y-o-Y) drop in new business premium (NBP) owing to relatively weak performance by state-owned Life Insurance Corporation

Shriram Life unveils Sunishchit Laabh, a non-participating savings plan

The plan features flexible maturity income payout options, including tax-free payouts for up to 40 years

Over Rs 20k cr of unclaimed amounts lie with life insurers at end of FY24

Irdai also adopted several measures to reduce existing unclaimed amounts, asking insurers to prompt policyholders to update their contact details at the time of renewal

Life insurers adjust term premiums ahead of business end of financial year

While some companies are increasing rates, others are slashing them, and still others have made no change; GST changes on premium taxation may change outlook

Does Being Fit Lower Your Life Insurance Premiums?

.

Life insurance firms to discuss norms on surrender value on Sept 27 meeting

The life insurance companies, through the council, had sought a three-month extension from Irdai on implementing the new norms

Understanding Pension Plans: How They Work and Their Benefits

.

Govt looks to increase insurance cover under PMJJBY, PMSBY to Rs 5 lakh

Centre may increase cover from the current Rs 2 lakh to Rs 5 lakh under its flagship insurance schemes ahead of the high-stakes assembly elections in three states

HDFC Life, SBI Life stocks rally up to 3% on Gadkari's GST withdrawal plea

Life insurance stocks: While analysts laud the proposal to withdraw GST on life, medical insurance premiums, they suggest investors wait for the Finance Ministry's before taking any investment call

Life insurance premium; luxury pool villas: Top personal finance stories

This week's newsletter tells readers about the strategy they should follow as life insurance premiums rise and the best pool villas

Budget 2024: Govt likely to introduce insurance laws amendment bill

The government is likely to introduce a bill seeking amendments to the Insurance Act, 1938, during the upcoming Budget session to achieve 'Insurance for All by 2047'. Some of the provisions, which could be part of the amendment bill, include composite license, differential capital, reduction in solvency norms, issuing captive license, change in investment regulations, one-time registration for intermediaries and allowing insurers to distribute other financial products, sources said. The move will enable the entry of differentiated insurance companies like in the banking sector. The banking sector is currently categorised as universal bank, small finance bank, and payments bank. The provision of composite licenses would allow life insurers to underwrite health insurance or general insurance policies. As per the provisions of the Insurance Act, 1938, life insurers can only offer life insurance covers, while general insurers can offer non-insurance products like health, motor, fire, .