Page 23 - Life Insurance

Life insurers see 14% growth in ticket size

Average ticket size rises to Rs 17,952 in April-May period of this fiscal against Rs 15,774 in the same period last fiscal

Life insurers sees 14% growth in average policy ticket size

Private life insurers had a higher average ticket size than LIC

Readers' Corner: Life Insurance

Amitabh Chaudhry, MD & CEO at HDFC Life, answers your questions

Never too late to buy a term life insurance

For those between 50 and 60, it makes sense to have a policy if you have dependants and liabilities

Canara HSBC OBC Life net up 22%

This is the only life insurance company to have 100% bancassurance model and do not have any insurance agents

SBI Life ends FY16 with highest market share gains

LIC reported positive growth in APE for the first time in the past six years

ICICI Bank approves IPO for life insurance unit

ICICI Bank's board of directors has agreed to sell a part of its shareholding in ICICI Prudential Life

We are looking at tying up with small finance banks: Manoj Jain

Interview with managing director, Shriram Life Insurance

Life insurers lose 51,000 agents in FY16

Data shows that tLIC saw 1,02,044 agents exit in FY16 while its private counterparts made an addition of 50,766 agents

Life insurance AUMs touch Rs 25 lakh cr in FY16

Of the Rs 24.25 lakh crore, 21 per cent or Rs 4.9 lakh crore went into equity investments, while the rest went into debt

Life Insurance: Amitabh Chaudhry

While applying for a housing loan, can the bank insist I buy a life insurance policy? I already have a term life insurance policy. The life insurance policy normally suggested by a bank while processing for a housing loan is to cover the loan amount you are applying for. This cover normally comes at a low cost and, hence, it is advisable you opt for it. Keep in mind your total liabilities vis-a-vis the cover you have purchased. If your term cover is sufficient to take care of your family needs and pay for the loan in your absence, you may opt out.Since equity markets have become volatile, should I switch from equity funds to debt funds in unit-linked insurance plans? What is the lock-in period and charge for the switch?It entirely depends on your risk appetite. Some choose to switch their funds into a debt fund to avoid further fluctuations. Others feel entering the market at a low point provides substantial potential for an equity upside. In case your investment horizon is long (numb

Insurers keep it simple and interactive

Going digital has transformed the way insurers such as Bharti AXA, Aegon Life and Tata AIA talk to the customer; they are listening more and creating campaigns that plug the communication gaps