Page 4 - Life Insurers

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

Life insurers slide on higher tax fears

Tax uncertainty could continue to weigh on shares of insurance firms, say experts

Life insurers tighten e-policy underwriting

Insurers to carry out elaborate checks to eliminate potentially fraudulent persons at the entry level itself

Life Insurers' new business premium up 61% at Rs 16,767 crore in September

LIC collected new business premium of Rs 11,117.48 crore, up 65.3% against last year's Rs 6,724.88 cr a year ago

Life insurers' health portfolio might see slump

IRDAI has said that a life insurer cannot offer indemnity-based products in either individual or group segment