GST on health and life insurance premiums may be reduced: Report
Aug 08, 2024, at 10:44 pm
New Delhi/IBNS: The Goods and Services Tax (GST) rate on the premium paid on health and life insurance may be reduced as a proposal in this regard has been sent to the GST rate rationalisation committee, CNBC-Awaaz reported on Thursday (Aug 8) citing sources familiar with the development.
HDFC Life Insurance declares record bonus of Rs 3,722 cr to policyholders
May 16, 2024, at 02:26 am
Mumbai: HDFC Life Insurance on Wednesday declared its highest-ever bonus of Rs 3,722 crore on participating plans to nearly 22.23 lakh policyholders.
LIC Q2FY24 profit DROPS 50% to Rs 15,952 cr
Nov 11, 2023, at 03:22 am
Mumbai: Life Insurance Corporation (LIC) of India declared a 50 percent decrease in net profit, amounting to Rs 7,925 crore, for the quarter ending on September 30, 2023. This marks a massive drop from the net profit of Rs 15,952 crore reported during the corresponding period last year.
Max Life Insurance introduces ‘Max Life NIFTY Smallcap Quality Index Fund’
Aug 11, 2023, at 08:54 pm
New Delhi: : Max Life Insurance Company Ltd has launched the ‘NIFTY Smallcap Quality Index Fund’ in the ULIP segment. This first Smallcap Index Fund of the Life Insurance industry is based on the NIFTY Smallcap 250 Quality 50 Index that has delivered 22% 10-year CAGR+.
IRDAI permits Go Digit Life Insurance to run life insurance business
Jun 10, 2023, at 04:37 am
Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) on Friday said that it has granted approval to Go Digit Life Insurance Limited to operate in the life insurance sector in India.
IRDAI orders SBI Life Insurance to take over Sahara India Life Insurance business
Jun 03, 2023, at 04:44 am
New Delhi: Insurance Regulatory and Development Authority of India (IRDAI) has named SBI Life Insurance Company Limited (SBI Life) as the acquirer insurer of the life insurance business of Sahara India Life Insurance Co. Ltd (SILIC), media reports said.
LIC Q4FY23 profit leaps 466% to Rs 13,427.8 cr
May 25, 2023, at 04:54 am
Mumbai: Life Insurance Corporation of India (LIC) Wednesday reported a Q4FY23 standalone net profit of Rs 13,427.8 crore, marking a growth of 466 percent compared to the same period in the previous fiscal year.
ICICI Prudential Life Insurance Company’s AUM crosses Rs 2.5 lakh cr
Dec 30, 2022, at 07:05 pm
ICICI Prudential Life Insurance Company has crossed 2.5 lakh crore in Assets under Management (AUM), the company said Thursday.
Oct 13, 2022, at 12:56 am
Indian women still shy away from making independent financial decisions and rely on the ‘man of the house’ when it comes to making financial decisions, although 44% of respondents prefer to make their own financial decisions when they have the option to do so, reveals a Tata AIA’s survey.
Tax benefits of different types of life insurance
Oct 07, 2022, at 09:49 pm
Life insurance is a modern-day necessity. As they say, life is always unpredictable and uncertain. Hence, safeguarding your family's financial future is necessary for mental peace and stability. Investing in life insurance is thus a no-brainer. However, life insurance is not just about coverage or some added benefits that may accrue in the case of certain types of policies. Did you know you get tax advantages on your life insurance plans? Here's taking a closer look at the same.
Edelweiss Tokio Life offers new Flexi Savings Plan
Aug 20, 2022, at 02:27 am
Kolkata: Edelweiss Tokio Life Insurance today announced a new participating product called Flexi Savings Plan which offers an innovative optional feature called Accrual of Survival Benefit.
TATA AIA Life announces record annual bonus of Rs 861 cr for its policyholders
Aug 11, 2022, at 12:45 am
Mumbai: Tata AIA Life Insurance Co. Ltd. (Tata AIA) Wednesday declared a bonus of Rs 861 crores for FY2022 to all eligible participating policyholders.
Is Your Group Life Insurance Enough?
Jan 13, 2022, at 07:50 pm
Introduction Shiva, a 30-year-old happily working in a renowned multinational company. While working in the office, one morning, he gets a stroke and meets with an untimely death. As Shiva was the family's sole bread-earner, they entered a dark phase of their life post his death. But, fortunately he had a group life insurance that helped his family sail through the dire times.
How to Keep Your Life Insured and Still Have a Regular Income?
Dec 30, 2021, at 10:42 pm
Life insurance has long been used to safeguard the financial stability of the family even after the death of the breadwinner. A family that loses its breadwinner might quickly lose its financial standing, risking the financial future of its children. Therefore, life insurance plans, particularly term insurance plans, would provide a considerable quantity of funds to the grieving family and assist them in achieving their life objectives.
Mar 24, 2021, at 10:16 pm
Kolkata/IBNS: Private insurer Bharti AXA Life Insurance organised an interesting programme to mark International Women's Day earlier this month.
Bharti AXA campaigns to choose certainty for life goals with guaranteed solution
Mar 16, 2021, at 12:28 am
New Delhi/IBNS: Bharti AXA Life Insurance today announced the launch of its new integrated campaign on ‘Bharti AXA Life Guaranteed Income Pro’ that urges consumers to choose certainty when it comes to making decisions regarding life’s big goals like retirement plan, children’s college education and securing family’s future with a guaranteed solution.
Bharti AXA Life Renewal income rise 17% to Rs 1,359 cr in FY20
Jun 08, 2020, at 06:54 pm
New Delhi/IBNS: Bharti AXA Life Insurance today said the company registered 17% growth in its renewal premium to Rs 1,359 core for the year ended March 31, 2020, against Rs 1,164 crore in the last financial year 2018-19.
Is It Okay to Have Multiple Life Insurance Policies?
May 25, 2020, at 01:30 pm
Life insurance is an essential part of financial planning and can provide a level of security that allows you the peace of mind to know that your family will be taken care of if you are no longer around.
Life Insurance is Your Best Bet for a Safe Future – Find Out Why
Mar 23, 2020, at 12:52 pm
Life has a way of reminding us of its uncertainty. While we go on about our daily lives, we hear about unfortunate incidents befalling other people. It is unbearable to imagine it happen to yourself. And yet, the harsh reality is that all human life is vulnerable towards a variety of factors, including sedentary lifestyle, quick-fix diets, and environmental changes. You need to accept the reality and plan your life accordingly so that you are not left wanting in desperate times.
Key Things to Know While Investing in ULIP Plan
Nov 28, 2019, at 07:48 pm
A ULIP plan, or a Unit Linked Insurance Plan, is a newer way for investors to diversify their portfolios today. In a ULIP, investors get to link insurance plans in a structure that acts similar to a mutual fund.
A guide to calculating how much term life insurance to buy
Oct 18, 2019, at 11:59 am
In our younger years, we did not quite have to think about death as a factor — something which could affect our lives manifolds. However, with responsibilities weighing on our shoulders, it is imperative for us to think of such factors and come up with a backup plan for the worst.
A Safety Net for Your Loved Ones: 4 Main Differences Between Term and Whole Life Insurance
Jul 04, 2019, at 08:47 pm
We never know when “our time” will be. However, we know that whether it be in the next week or several decades that we want our loved ones to be financially cared for with or without us. Thankfully, life insurance, whether whole or term insurance, guarantees that a certain sum of money is given to our beneficiaries after our passing.
5 Leading Indian Term Life Insurance Plans & Their Best Features
Dec 06, 2018, at 12:48 pm
Being a family person is one job where we always want to excel. Whether it’s about providing for our family, putting their needs before everything else or protecting themalways, we make sure that our loved ones get the life they deserve. But what if we are not there anymore to watch over and protect them? What would happen to their dreams and aspirations?
Life insurance preferred investment choice for 70% millennials: Survey
Oct 03, 2018, at 04:38 pm
New Delhi, Oct 3 (IBNS): Life insurance is the most preferred investment instrument to achieve financial goals for almost two-thirds (70 per cent) of millennials closely followed by mutual funds (69 per cent) and fixed/recurring deposits (64 per cent), according to a recent survey jointly conducted by ASSOCHAM and IndiaFirst Life Insurance.
Life insurance popular choice among women: IndiaFirst Life Insurance-ASSOCHAM
Mar 09, 2018, at 10:19 pm
New Delhi, Mar 9 (IBNS): Life insurance is the most popular choice of the respondents with at least 72% wanting to invest in it followed by deposits both fixed and recurring at 69% and mutual funds at 61%, a survey released on International Women’s Day by ASSOCHAM and IndiaFirst Life Insurance Company Limited.
Why Should You Opt for Riders in Life Insurance Policy?
Jan 03, 2018, at 09:40 pm
Future Generali India Life Insurance appoints Rakesh Wadhwa as Chief Marketing Officer
May 23, 2017, at 07:31 pm
Kolkata, May 23 (IBNS): Future Generali India Life Insurance on Tuesday said it has appointed Rakesh Wadhwa as its Chief Marketing Officer. Rakesh, Executive Vice President - Strategy & Special projects will take on the additional charge with immediate effect.
May 18, 2017, at 02:59 am
New Delhi, May 17 (IBNS): Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited announced their financial results for the financial year 2016-17 reporting a net profit of Rs 111 crore in its 9th year of operations, thereby, maintaining more than Rs 100 crore profits consistently for the 3rd consecutive year.
Edelweiss Tokio Life Insurance insures Indian Paralympic Medallists with Rs. 1 Crore life cover
Dec 01, 2016, at 01:19 am
Mumbai, Nov 30 (IBNS): Edelweiss Tokio Life Insurance Company, the life insurance JV between Edelweiss Group and Tokio Marine Holdings of Japan, provided a Rs. 1 Crore Life Cover to each of the Paralympians who received a medal for India at the Rio Paralympics 2016