Page 15 - Life Insurance

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.

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 inaugurates 'Digi Zone' to sell insurance policies online

Customers can use LIC's Digi Zone to buy policies online

LIC seeks bids for consultancy services for its digital transformation

The last date for submission of bids is January 17, 2022

Insurance Gazette: Need to retain the learnings and transform further

Industry leaders speak about the challenges the industry has faced over the past year, fintech, and how the pandemic is shaping consumer behaviour

Insurance Gazette: What lies ahead of insurers in post-pandemic world

Having emerged from the pandemic largely unscathed, the sector is set to benefit from an unprecedented pick-up in demand. Where it goes from here, however, depends on its ability to innovate

Insurance Gazette: Some discipline is needed in the healthcare ecosystem

Industry leaders speak about the learnings over the past year and the opportunities for progress that the pandemic has provided

3 reasons why analysts expect SBI Life to outperform peers

SBI Life is the best play to ride the upturn in the insurance sector, analysts say

Get policy terms changed during free look-in period

The commission observed that the cheque was remitted in accordance with the terms of the policy, and it was not possible to hold the company liable

Bharti AXA Life posts 33% growth in weighted new biz premium in H1FY22

The insurer's asset under management witnessed a strong growth of 28 per cent and has doubled over the past three years

Non-life insurers stare at steep loss ratios as non-Covid claims bite

While these monsoon-related ailments spike every year, this year the claims have been higher

Top headlines: Delhi HC gives 2 weeks to CCI; Ola rejigs leadership team

Business Standard brings you the top stories from today

BS BFSI Insight Summit: Onus on life insurers to transform biz, say experts

The life insurance industry saw massive disruptions in the initial period of the pandemic

LIC's tepid show pulls life insurers' new business premium down 5% in Oct

Private life insurers total APE and individual APE up 19% and 23% respectively

BS BFSI INSIGHT SUMMIT | Session on General Insurance & Life Insurance

Watch Business Standard's BFSI Insight Summit as the best minds of the industry engage in a stimulating conversation on the state of life and general insurance >

SBI Life second quarter net profit declines 18% to Rs 247 crore

Shares of SBI Life on Wednesday closed at Rs 1,183.95 apiece on the BSE, up 1.05 per cent from the previous close

Online sale of term life insurance products gains traction: Max Life

The pandemic has brought in a lot of awareness among the people and this is evident from the fact that sale of pure protection plan has seen a significant jump post COVID-19.

Compare premium rates to get a policy that best suits your pocket

To combat tighter underwriting standards, consult a distributor that could point you towards an insurer that covers people with your profile

Life insurers are at the cross-roads

As government pension and retirement schemes become less sustainable, ensuring financial security for the older population will become the central focus for life insurers in India

ICICI Pru in discussion for onboarding Account Aggregator system: Official

ICICI Prudential Life Insurance Company Ltd (ICICI Pru Life) is in discussion for onboarding the Account Aggregator system, a financial data sharing platform to be regulated by the Reserve Bank. Earlier this month, the government unveiled the Account Aggregator (AA) network to allow sharing of financial data of individuals, which can be used by various financial services providers such as banks, insurers, fintech companies. "We really look forward to that. We have been in discussion for onboarding on that platform. What the system can really do is that it will digitise the whole journey (of data collection)...today if I have to ask a customer, I will have to ask for his bank statement, income tax statement among others. "It is a big enabler and there are some discussions. We will have to see operationally where exactly we are," Deepak Kinger, Chief - Risk and Compliance, ICICI Prudential Life Insurance Company (ICICI Pru Life), told PTI. When a customer buys an insurance policy, th