Page 15 - Life Insurance

Exide Life is a tuck-in acquisition at fair valuations: HDFC Life CEO

In a Q&A, the MD & CEO of HDFC Life dwelt on the contours of her company's acquisition of Exide Life Insurance and how it will help HDFC Life consolidate its position in the industry

LIC picks up 4% stake in Bank of India via open market transaction

LIC has picked up nearly 3.9 per cent (15,90,07,791 shares) of the bank through open market acquisition

Indian insurance sector: Shakeout or promoter exits to happen?

Mixed views were expressed by insurance industry officials

On the cusp of a new growth phase

'The 16-odd months gone by did have an impact on industry practices, customer preferences, and the overall working cultures of companies', says the author

Life insurers report 11% YoY decline in new business premiums in July

When compared to the pre-pandemic period (July 2019), NBP of the life insurance industry witnessed a drop of 5 per cent

Insurers' provision pool balloons as fatalities spike in second Covid wave

Claims in 2nd wave were 3-4 times the volume seen in first wave, says an insurer

Allow life insurers to sell pension-based health policies: HDFC Life chief

Regulators should allow the life insurance firms to sell pension and indemnity based health policies, as it will lead to greater penetration of insurance, HDFC Life chairman Deepak Parekh said

LIC IPO gets Cabinet nod; decision on issue size soon by FM-led panel

The government is targeting the launch of LIC's IPO in the last quarter of the financial year as it is yet to derive the embedded value of the insurer.

LIC IPO: Govt likely to invite bids from merchant bankers this month

The government is likely to invite bids from merchant bankers this month for managing LIC disinvestment as it moves ahead with plans to launch the IPO by January, an official said. The Department of Investment and Public Asset Management (DIPAM) had in January appointed actuarial firm Milliman Advisors LLP India to assess the embedded value of LIC ahead of the IPO, which is touted to be the biggest public issue in Indian corporate history. The official further said the Budget amendments to the LIC Act have been notified and the actuarial firm would work out the embedded value of the life insurer in the next couple of weeks. Under the embedded value method, insurance companies' present value of future profit is also included in its present net asset value (NAV). "We will invite bids for appointment of merchant bankers in the next couple of weeks, the official said, adding discussions are going on with institutional investors. "We are hoping to get regulatory approvals by November-e

Shocked by Covid deaths, young Indians rush for life insurance

During devastating second wave in April and May, the numbers of people aged between 25 and 35 buying term insurance was 30% higher than in previous 3 months combined, said PolicyBazaar

Don't delay choosing nominee for life insurance policy, say analysts

Select a dependent or person likely to shoulder family's financial responsibilities

ICICI Prudential Life announces Rs 867 cr bonus for policy holders

ICICI Prudential Life Insurance has announced an annual bonus of Rs 867 crore for all eligible participating policy holders for FY2021.

Term plan-backed home loan protects your family from repayment burden

The group life cover offered by banks could be your second option if you are unable to get a term plan due to health-related reasons

Insurance in the time of the pandemic

Greater digital adoption has increased the risk of fraud. Without personal interactions, assessing the risk profile of customers has become an arduous task

Action is the best antidote to helplessness

The highest satisfaction has come from using my professional skills to help reconstruct the financial records of a family that lost its breadwinner

De-risking the Risk Business webinar series - The Digital Shift: Automation for Actuaries

The Digital Shift: Automation for Actuaries >

What happens to investments when the holder dies without nominating anyone?

Your family could face difficulties as getting a succession certificate from the court is easier said than done

Life insurance companies' new premium business up 45% at Rs 9,739 crore

While the NBP of private insurers, 23 in total, grew 55.18 per cent over the same period last year, state-owned Life Insurance Corporation reported 35.6 per cent growth

Amid Covid scare, life insurers go slow on renewing group-term plans

The adverse claims experience of life insurers have made them apprehensive of renewing group-term policies of some corporate entities

Life insurance giant LIC earns Rs 1.84 trillion in new premium in FY21

One of Asia's life insurance giants, Life Insurance Corporation of India (LIC) closed last fiscal with a new business premium or first year premium of Rs 1.84 trillion, the company said