Unclaimed insurance funds higher in agent-sold policies: Analysts

The unclaimed funds within the life insurance sector are higher from policies sold by agents as against other channels like bancassurance or a digital platform, said analysts and officials from......

Private players see 6% rise in benefits paid to Rs 1.57 trillion in FY23

The total benefits paid by private life insurance companies to policyholders rose by 5.98 per cent to Rs 1.57 trillion during 2022-23. Illustration: Uttam Ghosh/Rediff.com This figure stood at Rs......

Life insurers ramp up presence in Tier-II, Tier-III cities

The overall physical presence of life insurance companies in Tier-II and Tier-III cities increased in FY23 compared to a year ago period on account of the higher impetus given to financial......

'Huge demand for life insurance products in India'

'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.' Photograph: Kind courtesy LIC......