Page 2 - Life Insurers

Life insurers see 11% rise in new premium collection in Apr-May 2025

Life insurers recorded a 10.8 per cent increase in new business premium collection in the first two months of the current fiscal. The new business premium collection rose by 12.6 per cent in May 2025, according to data released by the Life Insurance Council on Monday. New business premium income rose to Rs 30,463 crore in May 2025 from Rs 27,034 crore in the same month a year ago. The collection in the first two months of FY2025-26 rose to Rs 52,427 crore from Rs 47,293 crore in the April-May period of 2024-25, the data showed. This strong performance is attributed to life insurers' focus on encouraging first-time buyers to secure essential life insurance solutions, contributing to a 3.35 per cent growth in combined individual premium collections for May 2025 and 2.46 per cent growth on a year-to-date basis, it said. According to data released by the council, the life insurance industry saw individual single premiums grow by 5.21 per cent year-on-year to close at Rs 3,525 crore fo

Margin improvement likely to boost life insurance companies' stocks

Diversified insurers like ICICI Prudential Life Insurance or IPRU may be better positioned while those reliant on parent bancassurance

Bid to mitigate margin impact: Life insurers rejig agent fee structures

The companies had to launch all their products as per the new norms by December 31, 2024

Q3 results preview: Irdai's revised norms to weigh on life insurers' margin

Higher claims and operating expenses to impact non-life insurers' combined ratio

Suspect a loved one had bought a policy? Search life insurers' websites

Unclaimed amounts often result from outdated customer details, making it difficult for insurers to trace policyholders or their nominees

Life insurance firms adjust term premiums by 5-10% ahead of FY25 end

HDFC Life Insurance - the second largest life insurer in the country - has increased their term life insurance premiums by about 5 per cent for Rs 50 lakhs and above, as per distributors

New business premium of life insurers rises 13% in Oct, LIC leads

Private insurers log 18% yearly increase at Rs 13,216.51 cr, according to data

Upper limit for LIC's new endowment plan reduced to 50 years from 55 years

The revision is effective October 1, 2024, 'LIC New Endowment Plan-914' is a participating endowment plan that offers the dual benefit of protection-cum-savings plan

Life insurance firms report 14% growth in new biz premiums in September

In H1, new business premiums of life companies was up 19% YoY

Life insurance firms to discuss norms on surrender value on Sept 27 meeting

The life insurance companies, through the council, had sought a three-month extension from Irdai on implementing the new norms

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

New surrender value norms: Life insurers likely to alter product mix

To push Non-par policy sales till Sep 30

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

Life insurers log 15.6% growth in new biz premium in March, shows data

In the financial year ended March 31, 2024, NBP grew 2 per cent, mainly due to LIC, which saw a decline of 4 per cent. Private sector players reported a growth of 12 percent in FY24

Deepak Parekh steps down as chairman, non-executive director of HDFC Life

The company said that it has appointed Keki M Mistry as the chairman of the Board

High base, change in product mix to weigh on life insurers' margin in Q4

In March 2023, there was a surge in the sale of high-value non-participating policies after the Union Government's revision in taxation norms

LIC to keep offices open on March 30, 31 to facilitate tax saving

Life Insurance Corporation will keep its offices open on March 30 and March 31 to facilitate taxpayers to complete tax saving exercise before the closing of the fiscal year. LIC's measure follows the announcement by banks that their branches will remain open on Saturday and Sunday. The RBI had earlier this month directed banks to keep their designated branches open for government transactions up to the normal working hours on March 30 and March 31, 2024. In a statement, the public sector insurer said as per the advisory by the insurance regulator IRDAI, LIC has decided to extend this special measure to the policyholders. "It has been decided that the Offices under the jurisdiction of zones and divisions will be kept open for normal operations as per official working hours on 30.3.2024 and 31.3.2024, in order to avoid any hardship to the policyholders," LIC said in a statement.

Will end FY24 with growth rate of over 30%: CEO Shriram Life Insurance

In life insurance, it is about creating distribution capacity and solutions for customers. We are constantly working on that Casparus JH Kromhout, managing director and chief executive officer said

High base effect of last year to hit March growth business of life insurers

Several private insurers also reported to have moved towards Tier 2 and Tier 3 cities and in the less than Rs 5 lakh segment to compensate for their loss of business in the higher ticket size

Irdai launches regulations for insurance electronic marketplace Bima Sugam

The company will be operative and accessible at all times and will not store or hold any data, with the board of the company also having a policy on a revenue model which is self-sustainable