Diabytes
Life insurance News
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Private insurers saw a surge in retail sum assured by 41 per cent YoY in 9M FY2025 (30 per cent in FY2024), higher than the retail NBP growth of 17 per cent (7 per cent in FY2024).
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On the NSE, ICICI Prudential Life Insurance stock declined by 5.91 per cent to close at Rs 598 per piece.
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A final decision on GST on health and life insurance premiums, as well as rate rationalisation, is likely to the taken by the GST Council, chaired by Union Finance Minister and comprising state counterparts, in its meeting scheduled to take place next month.
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The 54th GST Council meeting on September 9 decided to set up a GoM to examine and review the present tax structure of GST on life and medical insurance.
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Here is all about Post Office Whole Life Assurance-Suraksha Policy you want to know
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The IRDAI also allowed insurers to design a variety of new products, including index-linked plans and variable annuity payout options.
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Gupta said that even though the upcoming budget is a Vote on Account, the insurance sector sees continuation of the infra capex and self-dependency themes.
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In the coming times, you will only receive Cashless Medical services in every hospital. The system of Reimbursement Claims is soon going to be abolished.
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By being proactive and well-informed, consumers can protect their rights as policyholders and ensure smooth healthcare financing through their health insurance coverage.
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Staying the IRDAI's June 2 order transferring the life insurance business of Sahara India Life to SBI Life, the SAT said: "... we find it strange that such steps have been taken after a gap of 5 years and that too without granting an opportunity of hearing."
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This is not a merger between the two companies but only a transfer of the policyholder related assets and liabilities of Sahara Life Insurance to SBI Life, the company said.
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There would be many of you who had to struggle a lot for medical insurance claims. Actually, companies make big promises while selling medical insurance, but as soon as the time comes to pay the claim, they put some clauses in front of you.
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Casparus J H Kromhout, MD & CEO, Shriram Life Insurance has spoken elaborately with Reema Sharma of Zee Media regarding Five trends that will shape the life insurance industry in 2023
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LIC on Friday reported a multi-fold jump in net income at Rs 15,952 crore in the July-September quarter,
More than 40 per cent of the net income came in from profit from investments which reached Rs 6,798.61 crore.
LIC shares were up by around 6 per cent in early trade
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Policyholders will get an option of agent portability soon.
IRDAI is going to change the existing rule.
Customers can change agents through the insurance exchange.
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On Father's Day 2022, here are the key things to watch out on long-term child investment plan so that young dads can be free from worrying about their children’s financial security.
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The last date to renew PMJJBY and PMSBY policies is May 31, 2022.
Beneficiaries receive insurance benefits worth Rs 4 lakh under the two schemes.
PMJJBY is a life insurance scheme for Indians aged between 18 to 50.
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Last year's devastation caused by the second wave of the Covid 19 outbreak sparked a trend that is now a full-fledged policy for all insurance firms.
Furthermore, depending on the severity of the infection, test results are required.
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