Page 5 - Life Insurers

Life insurers Q2 numbers reveal a toss up between growth and profitability

Strong premium income growth of SBI Life and HDFC Life in Q2 cements the Street's conviction, and at 27.4 per cent, VNB margin I-Pru Life surprises investors

HDFC Life's PAT rises 5.6% to Rs 326 cr in Q2, net premium income up 35%.

The insurer also saw a 15% rise in first year premium in Q2FY21 at Rs 1,675.15 crore, compared to Rs 1,452.72 crore in the corresponding period last year

Irdai to develop standardised products for bridging protection gap

Life Insurers must aim to achieve a 13th month persistency of 90% within a year, says Irdai chairman

Covid-19 impact: Life insurers lose 4 mn policies, Rs 45,000 cr in premiums

Traditionally, the second fortnight of March is the most productive period for the life insurance business as around 15-18 per cent of the entire business comes during this period

Major defaults in our corp bond holdings due to Covid unlikely: LIC chief

In a Q&A, chairman M R Kumar says the insurance behemoth isn't considering scaling down targets and hopes to reach its budgeted figures at the end of FY21

Digital health plan may make insurance products cheaper: Irdai member

Health insurance products calculated based on historical data will get better information, says T L Alamelu

Life insurers record 15% growth in new business premiums in August

In August, life insurers earned NBP to the tune of Rs 27,039.79 crore, compared to Rs 23,554.94 crore in the same period last year

Life insurers note 25% drop in new business premiums in May due to Covid-19

In the first two months in FY21, NBP of life insurers dropped almost 30%

Urgent need to standardise rates in hospitals: ICICI Lombard MD & CEO

The reason we need standardisation is because it will smoothen the process for customers as there won't be any dispute with hospitals, says Bhargav Dasgupta, ICICI Lombard MD & CEO

Covid-19 crisis: Life insurers look to hedge against policy surrenders

As a remedy, life insurers are looking to provide short-term credit - known as bridge loans - to policyholders.

HDFC Life reports 17% decline in pre-tax profit to Rs 284.47 cr in Q4

Net profit also declined 14% on account of loss in investment income and higher provisions.

Covid-19 impact: Life Insurer's new business premium declines 32% in March

For the month of March, the new business premiums of life insurance companies stood at Rs 25,409 crore compared to Rs 37,459 core in March 2019.

Insurers see rise in health claims; lockdown reduces motor segment demands

Fewer claims are supposed to improve the insurers' loss ratio in the motor segment, but the industry is divided on this

Life insurers to sell health policies? Standalone cos to lose, say experts

Non-life insurance companies will face a stiff competition from life insurers

Budget proposals change the narrative for private life insurance firms

As nearly 30-40% of premium inflow draws support from tax incentives, private insurers stare at weak earnings growth in FY21

In first half of FY20, life insurers clock 35% growth in new premium

New business premium is the premium acquired from new policies in a particular time period

Irdai pulls up life insurers for under-reporting operating expenses

The regulator, in 2016, had set a limit for managing expenses of life insurers

Life insurers register 6% growth in new premium income in July: Irdai

The largest life insurer LIC recorded a rise of 3.10 per cent in its new premium in July at Rs 15,311.87 crore as against Rs 14,851.77 crore in the same month a year ago

Life insurers take cover in loans to avert surrenders, improve persistency

With lack of funds being the main reason for people not renewing their policy, insurance firms are providing loans and using tech to find such customers

Life insurers record lowest growth in last three years in April-Jan period

In absolute terms, total first year premium collected by life insurers (LIC and private) amounted to Rs 1.59 trillion