Life Insurance

4 things to consider before Purchasing Life Insurance | Must Watch | Insurance Policy

Public sector non-life insurers doesn't respect CLC orders: GIEAIA

The four companies are National Insurance Company Ltd, Oriental Insurance Company Ltd, United India Insurance Company Ltd and The New India Assurance Company Ltd

Focus on coverage provided, not premium collected

Measuring actual coverage provided, rather than premiums received, will ensure that the insurance industry's success is aligned with the goal of 'insurance for all'

Shriram Life aims to double rural presence by 2025 using digital campaign

Company uses various digital channels for agents and customers to access life insurance products and services

Valuations, long-term prospects boost investment case in insurance stocks

Taxation proposals, lower volumes may weigh on near term prospects

High-value life insurance policy sales fail to pick up in Feb-March

This is despite a new tax being introduced from April 1

BoB-backed IndiaFirst Life Insurance gets regulator approval for IPO

Company seeks to raise about Rs 500 cr from fresh issue of shares, draft papers say

Consumers optimistic towards retirement: ICICI Pru Life Insurance study

Individuals who are well prepared for retirement start investing even before they turn 40, finds an ICICI Prudential Life Insurance study

4 things to consider before purchasing life insurance

New tax norm to hurt insurers; stocks attractive for the long run: Analysts

Analysts expect stocks to remain under pressure in the near-term as the government's new tax regime push, with no tax saving deductions, could hurt demand for insurance products

Life insurance companies plan strategy tweak to offset tax impact

Union Budget has proposed to tax high-value policies with premium aggregating to Rs 5 lakh per year to plug arbitrage that HNIs are using to get tax-free returns on policies through Section 10(10D)

Budget effect: About 15% premium impact on some private life insurers

On net, about 15 per cent of overall premium for these players could be under severe growth risk, leading to about 3-4 per cent hit to growth expectations

Life insurance stocks tumble as govt proposes to tax high premium policies

Govt aims to curb misuse of Section 10(10D) of I-T Act with this proposal; new rule applicable on policies issued on or after April 1, 2023

Life insurance firms' shares fall on taxation proposal related to policies

Shares of life insurance companies tumbled by up to 11 per cent on Wednesday after the government announced to limit income tax exemption from proceeds of insurance policies in certain cases. ICICI Prudential Life Insurance Company dropped 10.97 per cent to close at Rs 402.55 on the BSE. HDFC Life Insurance Company Ltd fell 10.96 per cent, Max Financial Services Ltd slumped (9.45 per cent), SBI Life Insurance Company Ltd (9.31 per cent) and Life Insurance Corporation of India (LIC) (8.38 per cent). According to Union Budget documents, an individual will have to pay tax on the maturity amount of life insurance policies where the aggregate annual premium exceeds Rs 5 lakh. Finance Minister Nirmala Sitharaman in the Budget on Wednesday proposed "to provide that where aggregate of premium for life insurance policies (other than ULIP) issued on or after April 1, 2023, is above Rs 5 lakh, income from only those policies with aggregate premium up to Rs 5 lakh shall be exempt". This will

Life insurance stocks in focus; LIC, HDFC, SBI, ICICI Pru gain up to 5%

Kotak Institutional Equities has initiated coverage on Life Insurance Corporation of India (LIC) with a 'buy' rating and a fair value of Rs 1,000

LIC may look at entering health, non-life insurance businesses: Source

Says insurance giant is well-placed to make most of a composite license; in fact it was a composite insurer till early 1970s, when Oriental Insurance was carved out

Persistency ratio must improve for life insurance customers: CEOs at BFSI

Work done by life insurance industry led to economic revival amid Covid

Govt notifies amendments with more tie-ups for corporate agents

As per the notification, corporate agents can now tie up with nine insurers each in the general, life, and health insurance sectors

Centre seeks private sector professional to be first chief executive of LIC

LIC is now headed by a chairman but that post will be scrapped when the term of the present incumbent ends in March

7.4% interest rate locked in for 10 years: Who should buy LIC's PMVVY

SCSS, which offers 80C benefit, allows you to lock in at 7.6% for five years