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Life Insurance Policy

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

What are the best term insurance premiums available for professionals?
Updated On : 03 Apr 2025 | 2:52 PM IST

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

Govt approves Swaminathan S Iyer's appointment as Irdai Life Member
Updated On : 25 Mar 2025 | 8:13 PM IST

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

Life Insurers report 5.7% growth in premiums in April - Feb period
Updated On : 14 Mar 2025 | 2:37 PM IST

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

Shriram Life unveils Sunishchit Laabh, a non-participating savings plan
Updated On : 16 Jan 2025 | 4:46 PM IST

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

Over Rs 20k cr of unclaimed amounts lie with life insurers at end of FY24
Updated On : 23 Dec 2024 | 11:49 PM IST

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

Life insurers adjust term premiums ahead of business end of financial year
Updated On : 13 Dec 2024 | 3:27 PM IST
Updated On : 18 Nov 2024 | 2:33 PM IST

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

Life insurance firms to discuss norms on surrender value on Sept 27 meeting
Updated On : 26 Sep 2024 | 12:43 AM IST

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

Govt looks to increase insurance cover under PMJJBY, PMSBY to Rs 5 lakh
Updated On : 02 Sep 2024 | 10:24 AM IST

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

HDFC Life, SBI Life stocks rally up to 3% on Gadkari's GST withdrawal plea
Updated On : 31 Jul 2024 | 3:26 PM IST

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

Life insurance premium; luxury pool villas: Top personal finance stories
Updated On : 26 Jul 2024 | 6:53 AM IST

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, .

Budget 2024: Govt likely to introduce insurance laws amendment bill
Updated On : 14 Jul 2024 | 1:38 PM IST

Slash GST on health insurance to 5% from 18%: Trade body to govt

Association says that renewal rates of the policies continue to decline due to frequent premium hikes and rising medical inflation

Slash GST on health insurance to 5% from 18%: Trade body to govt
Updated On : 18 Jun 2024 | 11:47 PM IST

Women can get upto 30% off on first year premiums for this term plan

ICICI Prudential Life Insurance announced a lifetime discount of 15% exclusively for women on all the premiums to be paid, for its term insurance product, iProtect Smart.

Women can get upto 30% off on first year premiums for this term plan
Updated On : 18 Jun 2024 | 2:41 PM IST

Life insurance premium: How is it taxed; the loopholes explained

An individual is allowed to choose the life insurance policies with higher maturity yield for tax exemption and pay taxes on those whose maturity amount is less.

Life insurance premium: How is it taxed; the loopholes explained
Updated On : 14 May 2024 | 8:55 AM IST

Taking a loan against life insurance policy is quicker, simpler, cheaper

Expect smaller loan approvals in policy's early years, which may necessitate selling of investments instead

Taking a loan against life insurance policy is quicker, simpler, cheaper
Updated On : 07 Apr 2024 | 9:26 PM IST

Kotak Life Insurance launches non-linked par product Kotak G.A.I.N

Private sector life insurer Kotak Life Insurance on Tuesday launched a non-linked participating product Kotak G.A.I.N which offers long-term saving or income

Kotak Life Insurance launches non-linked par product Kotak G.A.I.N
Updated On : 05 Mar 2024 | 11:13 PM IST

Life Insurance Essentials: A Comprehensive Guide to Securing Your Financial Future

Life is full of uncertainties, and while we cannot predict the future, we can certainly take steps to secure our financial well-being and protect our loved ones.

Life Insurance Essentials: A Comprehensive Guide to Securing Your Financial Future
Updated On : 05 Mar 2024 | 3:09 PM IST

Kotak Mahindra Life Insurance launch TULIP, combination of term, ULIP

Since it is a ULIP plan, customers have 8 fund options to choose from to invest their money

Kotak Mahindra Life Insurance launch TULIP, combination of term, ULIP
Updated On : 20 Dec 2023 | 8:28 PM IST