Life Insurance Corporation of India (LIC) declared disappointing results in Q1FY24. While it reported a net profit of Rs 9,540 crore in Q1FY24, this was attributable to the transfer of Rs 7,490 crore from non-participating (non-par) products to shareholders' accounts due to the accretion on available solvency margin. In operational terms, annualised premium equivalent (APE) declined and value of new business (VNB) margin was flat. But the medium-term prospects may be better.
The controversy has sparked reactions across states. The famous Mankameshwar temple in Uttar Pradesh has now banned offerings of 'prasad' bought by devotees from outside and said they can offer homemade 'prasad' or fruits.
'With passage of time, Kamal did move away from the humdrum of commercial cinema, using it only as a peg to launch a new concept or new technology, as no other actor/film-maker has done in Indian cinema.' N Sathiya Moorthy assesses the career and politics of movie legend Kamal Haasan on his 70th brthday.
'In life insurance, it is about creating distribution capacity and solutions for customers. We are constantly working on that.'
News of all that's transpired on and off the football field
'Outside the house, he was this iconic deified figure.' 'Inside, he was a sorted-out, genial householder, always ready to lend a patient ear to our problems.'
All the four listed private life insurance companies recorded a drop in value of new business (VNB) margin in the financial year 2023-24 (FY24) as compared to FY23. This is because of a higher share of unit-linked insurance plans (Ulips) in the product mix. VNB is a measure of the economic value of profits expected to emerge from a new business.
It was a grand occasion to mark the launch of Citadel: Honey Bunny, which sees Varun paired opposite Samantha Ruth Prabhu in a dhamakedar spy action Web series combined with a tadka of their steamy romance.
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'Rooty has got 11,500 Test runs, he's brilliant, but he's so desperate to fit in to what Ben (Stokes) and Brendon (McCullum) are doing that sometimes I don't think he gets his balance of attack and defence right.'
Life insurance companies reported a 17 per cent year-on-year (YoY) drop in new business premium (NBP) in February as state-owned Life Insurance Corporation of India's premiums contracted 32 per cent during this period on account of a drop in its group single premium segment. According to data released by the Life Insurance Council, the industry earned an NBP of Rs 22,847.65 crore in February - a drop of 17 per cent from the same period a year ago.
Forget comic chops, you'll not find an ounce of camaraderie between Akshay Kumar and Tiger Shroff as they go about firing ammo and flexing abs at a zombie-like army for nearly three excruciating hours of this noisy drivel, observes Sukanya Verma.
High-value insurance policies experienced muted growth in the first six months of the current financial year after the Centre decided to tax such products in this year's Budget. Simultaneously, there has been a marked improvement in the growth of policies with premiums of 'less than Rs 5 lakh', mainly originating from smaller cities. During this year's Budget, Finance Minister Nirmala Sitharaman proposed that insurance policies (excluding unit linked insurance plans or ULIPs) with an aggregate premium exceeding Rs 5 lakh, and the maturity amount, would not be exempt from tax.
The 2023 Budget set off a downtrend in the listed life insurance company stocks. The key reason was a proposal to tax income from insurance policies (other than unit-linked insurance plans or ULIPs) with a premium, or aggregate premium, of above Rs 500,000 per annum. This impacted the traditional savings profile since it affected the returns for these products.
I was very happy to see the old Shah Rukh Khan back. Please, leave the action to Salman Khan, requests A Ganesh Nadar.
'Ameen Sayani was copied by generations. Now everyone is trying to become smaller Ameen Sayanis in their own way.'
Private players continued to show strong momentum in the life insurance individual new business segment during August, 2023. On an aggregate, the industry registered 14 per cent growth year-on-year (Y-o-Y) compared to 15 per cent in July '23. Private players were up 21 per cent Y-o-Y, up from 16 per cent Y-o-Y in July '23, while public insurers' growth was muted at 3 per cent.
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'At the policy's maturity, the total premium is refunded.'
Anger cannot be an end in itself to Rahul Gandhi's politics -- it must instead catalyse a new political strategy, argues Nilanjan Mukhopadhyay.
The country's largest lender SBI on Saturday reported a 9.13 per cent rise in consolidated net profit to Rs 16,099.58 crore for the September quarter, weighed down by money it had to set aside for employees' impending wage and pension revisions. On a standalone basis, the State Bank of India (SBI) had a 8.03 per cent increase in the profit after tax for the reporting quarter at Rs 14,330 crore. However, the same was down 15.13 per cent compared to Rs 16,884 crore in the June quarter.
Sidharth Malhotra feels working on Mission Majnu gave him an opportunity to 'ape' his idol, Amitabh Bachchan.
The decline in LIC's share price makes it the biggest wealth destroyer among IPOs which hit the market after COVID-19 took hold globally in 2020.
Sukanya Verma remembers the Boss in 30 of his underrated, overlooked gems in Hindi film music.
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Investors who play follow-the-leader and invest wherever the Foreign Portfolio Investors are going may face painful losses.
Will India extend their run to make it 8-0? Or will Pakistan be able to snap the streak?
From an observation of middle class insecurities and parents burdening their children with their dreams, the film becomes an underdog story, notes Deepa Gahlot.
Modi's BJP has promised more revdis or freebies for these assembly elections than ever before, points out N Sathiya Moorthy.
However, NFTs and Metaverse are in their first-generation (Gen 1) or initial phase and the market is filtering the assets from the point of view of their worthiness. NFTs having real artistic value have not participated as much in the fall. Some innovations are also happening or expected going ahead, which will take this asset class to the next phase.
Along with Salman Khan's Kisi Ka Bhai Kisi Ki Jaan and Keanu Reeves' action blockbuster John Wick: Chapter 4, we have Nawazuddin Siddiqui's rom-com Tiku Weds Sheru releasing on OTT this week and much more.
Driven by the winds of globalisation, people are moving towards a global culture which is emerging as a threat to local cultural symbols and identities, even as social media, television and pop culture glamorise a particular way of life that the people are sadly "blindly aping", Chief Justice of India N V Ramana said on Friday.
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For the traditionalists, wars on Twitter and Facebook smack of immaturity.
Twists and turns, shocking revelations, explosions, chase sequences and a lot of moodiness make The Batman a riveting movie going experience, notes Aseem Chhabra.
From the voter-level, traditionally anti-BJP, anti-Hindutva minorities and other secular voters would have an option, especially in the face of the mounting anti-incumbency against the ruling party -- as it happened in the 2001 assembly polls, points out N Sathiya Moorthy.
China's emergence as a manufacturing hub is due to a combination of favourable circumstances and astute policies; India should adopt a strategy that is in consonance with its own realities.
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