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One-Year Free-Look Cancellation Could Lead to Financial Losses to Insurers

One-Year Free-Look Cancellation Could Lead to Financial Losses to...

Extended Free-Look Period Could Lead to Misuse and Losses for Insurance Companies

23 Feb 2025 9:51 PM IST

Top cities and youngsters fuel term insurance sales

Top cities and youngsters fuel term insurance sales

Mumbai: Top metro cities such as Delhi NCR, Bangalore, and Mumbai that have higher concentration of affluent and...

16 Jan 2025 10:26 PM IST

GST Council to meet in Jaisalmer on Dec 21; may decide on insurance levy, rate rationalisation

GST Council to meet in Jaisalmer on Dec 21; may decide on insurance...

New Delhi: The GST Council will meet on December 21 in Jaisalmer, in which the much-awaited decision on exemption or...

18 Nov 2024 5:48 PM IST

Sabarimala pilgrims to get free insurance coverage of Rs five lakh

Sabarimala pilgrims to get free insurance coverage of Rs five lakh

Kottayam: Sabarimala pilgrims, who visit the Lord Ayyappa Temple during the upcoming Mandalam-Makaravilakku pilgrimage...

2 Nov 2024 8:50 PM IST

GST on term life insurance premium, senior citizens health coverage may be exempt

GST on term life insurance premium, senior citizen's health coverage...

New Delhi: Goods and services tax (GST) on term life insurance premiums, and premium paid by senior citizens for health...

20 Oct 2024 11:33 AM IST

ICICI Prudential Life gets Rs 429 crore GST demand notice

ICICI Prudential Life gets Rs 429 crore GST demand notice

Mumbai: Private insurer ICICI Prudential Life Insurance on Tuesday said that it has received a GST demand notice (with...

27 Aug 2024 9:49 PM IST

Govt collects Rs 8,263 cr towards GST on health insurance premium in FY24

Govt collects Rs 8,263 cr towards GST on health insurance premium in...

New Delhi: The government has collected Rs 8,263 crore towards GST on health insurance premium in 2023-24 fiscal year,...

5 Aug 2024 4:55 PM IST

IRDAI May Raise Special Surrender Value

IRDAI May Raise Special Surrender Value

Mumbai: To ensure fair treatment to policyholders, the Insurance Regulatory and Development Authority of India (IRDAI)...

30 April 2024 11:50 PM IST

Non-life/Health Insurers Launch Cashless Everywhere

Non-life/Health Insurers Launch Cashless Everywhere

Mumbai: Health insurance policyholders will now have access to cashless hospitalisation in around 40,000 hospitals...

24 Jan 2024 11:04 PM IST

LIC recorded a sudden spike of 93.8 per cent in December due to a large client group.(Image source:Facebook)

First-year life premiums rises 43% in December

Chennai: First-year life insurance premiums in December jumped 43 per cent after declining for six months since April. ...

10 Jan 2024 9:52 PM IST

The exposure draft, if implemented, will be draconian to the insurance industry for various reasons. Persistency levels will fall, and margins from non-participating products will fall impacting profitability. Policyholders would be incentivised to surrender their policies and buy another policy thereby impacting persistency of the business. (Representational Image Source: picpedia.org)

Panel to study impact of IRDAI's norms on higher surrender payout to...

Mumbai: Life Insurance companies have formed a committee to study the actuarial and financial impact of the insurance...

26 Dec 2023 9:57 PM IST