There is huge potential for data analytics insurance sector in India which has over 40 crore life insurance policies.
SBI Life Insurance on Monday launched keyman insurance policy to provide cover to key members of a company who are major contributors to growth and profits and whose absence may affect the business.
The Institute of Insurance and Risk Management invites applications for its International Post-graduate Diploma in Life Insurance, General Insurance and Risk Management Programmes.
In the June quarter, growth in the segment stood at around 4 per cent, with premium collection at Rs 15,724 crore against Rs 15,074 crore in the same period of FY19. This was the lowest growth in the last five quarters, starting from Q1FY19.
Global insurance premiums grew by 2.7 per cent in inflation-adjusted terms in 2010 to $4.3 trillion.
According to the data compiled by General Insurance Council, which is not publicly available, the insurers have settled 508,334 claims amounting to over Rs 4,800 crore.
The public-sector lenders were yet to get a formal proposal on sale from HSBC.
Insurance companies are going all out to grab eyeballs.
Canara Bank entered into an agreement with AVIVA Life Insurance Co Pvt Ltd to act as corporate agent for selling AVIVA life insurance products without risk participation.
Investmentyogi shows you why you need adequate insurance cover and how to go about planning your insurance.
Choosing a term insurance policy is an economical way of getting life insured but choosing the most economical term insurance policy will help you to get life insurance on a tight budget also
People must understand that they should buy insurance in their own interests or benefits (of their dependants) and not only as a tax-saving instrument.
The Institute of Insurance and Risk Management invites applications for its distance learning, International Post-graduate Diploma Programmes in Life Insurance (IPGDLI) and General Insurance (IPGDGI).
Motor insurance claims will also come in, due to the extensive damage to vehicles.
Life insurers in India registered a 22 per cent growth, collecting Rs 9,713 crore (Rs 97.13 billion) in premium income from new business till December, with private players gaining more ground from LIC.
After the policy gets paid up, opt for ETI plan if you wish to extend your life cover or take the reduced paid-up if you need cash in hand
Insurance company will bear the cost of digitising. It will in turn benefit from lower expenses on servicing policies.
If you are an earning member of your family, and there are members of your family who are financially dependant on you, you need life insurance. But how much life insurance do you need? There are many factors that are relevant in determining the amount of life cover you should buy. Read on...
With all those intricate terms and jargons, health insurance is anything but simple. Here are answers to the nine most frequently asked questions.
As women become independent, they face the same financial risks as men do. To cut them down, insurance is necessary.
It will help in reducing the turnaround time.
However, the number of renewals has grown by only 0.4 per cent, which means only high value and ticket size renewals are coming.
Among the new entries, the largest by market capitalisation are LIC, Avenue Supermarts (DMart), Adani Green Energy, Zomato and Jio Financial Services.
India's largest life insurer, Life Insurance Corporation of India (LIC) reported encouraging performance in the January-March quarter (Q4) of FY24. Total annual premium equivalent (APE) was at Rs 21,180 crore, up 10.7 per cent year-on-year (Y-o-Y), with group APE of Rs 3,890 crore, up 60 per cent Y-o-Y, though individual APE contracted 2.1 per cent Y-o-Y. The participatory book contracted 20.2 per cent Y-o-Y, but the non-par grew by 206 per cent to Rs 3,740 crore.
Several life insurance companies in the country are preparing to take on the markets regulator Securities and Exchange Board of India over unit-linked insurance plans.
"This is a huge positive and is expected to bring in $8-10 bn capital in the industry."
India's largest insurer Life Insurance Corporation of India on Monday announced its intention to foray into health insurance sector jointly with another company, which could be a PSU general insurer.
A comprehensive look into what this scheme is all about and why as an investor one should not go for this scheme.
The insurer is a venture between banking major ICICI Bank and the UK's Prudential Corporation Holdings. Singapore's Temasek and Premji Invest are also the shareholders.
Fraudsters read your mind, weave convincing stories, earn your trust and then vanish with people's savings. Ramalingam Kalirajan reveals five simple tricks that cons use to steal money from you.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Check if cashless hospitalisation is included and also the number of hospitals where this facility can be availed.
With at least three IPOs in the offing this year, stock market investors have a lot to look forward to.
Sources say given the complexity involved in the process of creating a holding company, which will ultimately be the parent company of banking and other businesses, banks are going slow in acquiring stakes in insurance arms or mutual funds of other lenders.
