Page 3 - Life Insurers

Life insurers' new business premiums up 3.7% in Jan after two slump months

This is despite state-owned insurance behemoth LIC reporting a 2% decline in NBP in the same period to Rs 13,143.64 crore

Irdai introduces 'Saral Pension', a standard individual annuity product

It is an immediate-anuuity product comes that all life insurers must start offering by April 1

Life insurers see 2.7% contraction in December premium collection

Top private insurers such as HDFC Life, ICICI Life, and Max Life Insurance registered double-digit growth in December

Life insurers play tax-free interest arbitrage game to rev up business

While most insurance schemes aren't tax-free anymore, assured return products are among the few exceptions

Life Insurers witness 32% growth in new business premiums in October

The numbers are in sharp contrast to the decline in business seen by insurers in the initial days of the Covid-19 pandemic

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