Page 13 - Life Insurance
Youth turn smarter on financial planning amid Covid, but gaps remain: Study
They need hand-holding on life and health insurance, and should not lean on social media influencers, who are often neither qualified nor regulated, say experts
 "Youth turn smarter on financial planning amid Covid, but gaps remain: Study")
Life insurers eye double-digit growth as Covid-19 pandemic pain eases
The new business premia (NBP) of the industry have grown at 8.43 per cent in the first 11 months of the current financial year (FY22)
 "Life insurers eye double-digit growth as Covid-19 pandemic pain eases")
Market correction a chance to allocate more to equities, albeit gradually
Don't bet excessively on gold based on its recent rally as an early end to the Russia-Ukraine war could bring it to a halt
Investors in life insurance stocks will need to be patient, say brokerages
Long-term story remains good and valuations attractive, but near-term overhangs may keep stock prices subdued
 "Investors in life insurance stocks will need to be patient, say brokerages")
Term insurance ownership has risen to 43% from 36% in two years: IPQ Survey
This indicates consumers are now diversifying their insurance holdings and building a holistic portfolio by investing more in life insurance, including term, market-linked and savings plans
 "Term insurance ownership has risen to 43% from 36% in two years: IPQ Survey")
Appoint two-three key people as life policy's nominees, say analysts
Buyers should look it up to see which insurers have been quicker in settling claims.
What does the country's largest IPO of LIC mean for investors and govt?
After two years of preparation, the govt on Sunday approached SEBI to sell 5% stake in Life Insurance Corporation through Initial Public Offering. It expects to collect Rs 60,000 cr through this move
 "What does the country's largest IPO of LIC mean for investors and govt?")
LIC IPO unlikely to take place this fiscal due to delay in valuation
The government is unlikely to come up with LIC IPO in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time
 "LIC IPO unlikely to take place this fiscal due to delay in valuation")
LCI IPO: Valuation delay, likely to push IPO plan beyond FY22
LIC IPO: There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official said
 "LCI IPO: Valuation delay, likely to push IPO plan beyond FY22")
Insurance term prices will continue to rise: HDFC Life's Vibha Padalkar
Company is a steady performer and it is 'comfortably beating' the Sensex's performance, says the top executive.
 "Insurance term prices will continue to rise: HDFC Life's Vibha Padalkar")
Buying new policy instead of reviving old one could mean higher premium
But it means avoiding the premiums and interest for lapsed years, so do the math
Top headlines: Nominal GDP growth, Omicron cases, LIC IPO, and more
The Union Budget for FY23 is likely to assume 13-14% nominal GDP growth despite the growing inflationary concerns
 "Top headlines: Nominal GDP growth, Omicron cases, LIC IPO, and more")
Protect yourself from these common mis-selling ploys insurance agents use
An IRDAI report shows that banks and broker channels received more mis-selling complaints than other channels
 "Protect yourself from these common mis-selling ploys insurance agents use")
Life insurers seek separate bucket for premium, tax-free annuity in Budget
The life insurance industry has recommended the government to create a separate bucket for tax rebate under section 80 (C) and make annuity tax-free for the benefit of subscribers
 "Life insurers seek separate bucket for premium, tax-free annuity in Budget")
Buying a term plan? Go by hard numbers while selecting a life insurer
Avoid insurers with large difference in claims settled by number of policies and by benefit amount
Ahead of mega LIC IPO, Sebi plans to ramp up senior-level hiring
The hirings follow SEBI processing a record number of applications for initial public offerings last year
 "Ahead of mega LIC IPO, Sebi plans to ramp up senior-level hiring")
LIC's assets at $463 billion exceeds the GDP of several economies
LIC assets at $463 billion exceeds the GDP of several economies, and it is ranked 5th globally in terms of life insurance GWP and 10th globally in terms of total assets.
 "LIC's assets at $463 billion exceeds the GDP of several economies")
Three private life insurers increase term plan rates by 10-30%
Munich Re had nudged its insurance partners on the hike in September and insurers were engaged in negotiations with the reinsurer on the quantum of increase.
 "Three private life insurers increase term plan rates by 10-30%")
LIC, GIC Re and New India systemically important insurers: Irdai
Life Insurance Corporation of India; General Insurance Corporation of India; and New India Assurance Co. Ltd, are in the list of D-SIIs for the year 2021-22, it said
 "LIC, GIC Re and New India systemically important insurers: Irdai")
LIC inaugurates 'Digi Zone' to sell insurance policies online
Customers can use LIC's Digi Zone to buy policies online
