Page 8 - Life Insurance
INDIA bloc stages protest against GST on health, life insurance premiums
INDIA bloc parties staged a protest in Parliament premises on Tuesday to press for the rollback of 18 per cent Goods and Services Tax (GST) on life and health insurance premiums. MPs from various parties such as TMC, Congress, AAP and NCP (SC), among others, participated in the protest on the steps leading to the Makar Dwar of Parliament. Carrying placards reading "Tax terrorism", the protesting MPs raised slogans demanding that the GST on life and health insurance premiums be rolled back. Trinamool Congress MPs have raised the issue in Parliament and party president and West Bengal Chief Minister Mamata Banerjee has written to Union Finance Minister Nirmala Sitharaman on the matter. Union minister Nitin Gadkari also wrote to Sitharaman and urged her to consider withdrawing the GST which, he said, amounted to taxing uncertainties of life and restricting the industry's growth.
 "INDIA bloc stages protest against GST on health, life insurance premiums")
Opposition slams government over 18% GST on life and health insurance
Sources in the TMC said that its MPs have raised the issue in Parliament and their party chief, WB CM Mamata Banerjee, has written to FM Nirmala Sitharaman on the matter
 "Opposition slams government over 18% GST on life and health insurance")
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")
Reduction in TDS for life insurance payouts draws mixed reactions
TDS will be reduced from current rate of 5% to 2% from October 1
 "Reduction in TDS for life insurance payouts draws mixed reactions")
Life insurance firms likely to see strong growth in non-linked policies
Industry preps for regulator's new norm asking companies to pay special surrender value to customers
 "Life insurance firms likely to see strong growth in non-linked policies")
Life insurance premium rates are rising; select one at early age
Narrow down the list of prospective insurers to well-known players having strong claim settlement ratios, then select one offering lowest price
Jigar S Patel of Anand Rathi recommends buying these three stocks today
True to this pattern, Tata Consumer has recently shown a decisive breakout, marked by substantial trading volume.
 "Jigar S Patel of Anand Rathi recommends buying these three stocks today")
HDFC Life's Q1 FY25 results: Net profit rises 15% to Rs 479 crore
The value of new business (VNB) of HDFC Life increased 18 per cent year-on-year to Rs 748 crore in Q1FY25 against Rs 610 crore in the corresponding period a year ago
Insurance industry reports premium growth in Q1 FY25 ahead of Budget
State-owned LIC reports robust rise in life insurance business
 "Insurance industry reports premium growth in Q1 FY25 ahead of Budget")
Buy adequate home insurance to rebuild property in case of monsoon damage
Use carpet as measure area to determine the sum insured
 "Buy adequate home insurance to rebuild property in case of monsoon damage")
Higher share of Ulips likely to weigh on life insurers' profit margin
Non-life firms to post strong premium growth, benefit from low claims ratio
 "Higher share of Ulips likely to weigh on life insurers' profit margin")
Life insurance companies' new business premium up nearly 23% in Q1FY25
LIC leads with 28% growth in Q1; private players grow 14.6%
 "Life insurance companies' new business premium up nearly 23% in Q1FY25")
Insurance fraud decoded: How a woman faked death twice to claim Rs 1.1 cr
Life insurance fraud occurs when an insured person or an insurance company alters or provides false information with the goal of financial gain
 "Insurance fraud decoded: How a woman faked death twice to claim Rs 1.1 cr")
Ensuring coverage in crisis: Understanding 'waiver of premium' rider
The 'waiver of premium' rider can be purchased at the time of policy inception
 "Ensuring coverage in crisis: Understanding 'waiver of premium' rider")
Midlife financial planning: Buy deferred annuity plan for assured income
Some portion of retirement savings must also be invested in growth assets and some in liquid ones to meet emergencies
 "Midlife financial planning: Buy deferred annuity plan for assured income")
SBI Life, HDFC Life: Analysts pick top insurance stocks after May biz data
Insurance stocks to buy: In the immediate future, analysts said the revised surrender charges regulations, as and when they are announced, will be vital for growth trajectory in FY25
Life insurance industry's new business premium grew 15.5% in May
LIC drives growth with 18.7% rise
30-day free-look period for insurance policies: How to use this effectively
The free-look period has been increased from 15 days to 30 days for new policies issued after April 1, 2024
 "30-day free-look period for insurance policies: How to use this effectively")
Listed private life insurers' FY24 margins fell on rise in Ulip share
According to analysts at Motilal Oswal, VNB margins for all life insurance players declined from the previous year due to adverse product mix and pressure on non-par margins
 "Listed private life insurers' FY24 margins fell on rise in Ulip share")
LIC eyes double-digit FY25 premia growth and health insurance foray
Explore stake buy in standalone health insurer
 "LIC eyes double-digit FY25 premia growth and health insurance foray")