The Insurance Regulatory and Development Authority of India (Irdai) has asked at least 10 general and life insurance companies to submit a detailed road map for their listing strategies by the end of this month, according to multiple sources with direct knowledge of the matter. "The regulator met four life and six general insurers last month and asked them to provide their listing strategies by the end of February," said one of the sources.
The new business premium (NBP) of life insurance companies dropped 21.7 per cent year-on-year (Y-o-Y) to Rs 30,218.71 crore in December 2024 on the back of a steep fall in business. According to data published by the Life Insurance Council, LIC's premium dropped 41.15 per cent Y-o-Y to Rs 13,523.87 crore while private insurers reported 7 per cent growth in NBP to Rs 16,694.85 crore as the industry absorbs the impact of the revised surrender value norms.
Bayern Munich scored either side of halftime through Michael Olise and Harry Kane but had to endure late pressure from hosts Celtic before securing a 2-1 victory
A round-up of Saturday's action in LaLiga, Ligue 1, Serie A and Bundesliga.
The Indian insurance industry is set to focus on customer-centric technological adoption and expansion into rural areas to drive growth in 2025.
Maternity coverage is a specific feature in health insurance policies that covers the medical expenses associated with childbirth and complications associated, if any.
Lewandowski strike gives Barcelona 1-0 win over Alaves
Empoli beat Juventus 4-2 on penalties to advance to their first ever Coppa Italia semi-finals on Wednesday after a resilient performance helped them to hold the defending champions to a 1-1 draw in regular time.
Bollywood star Kartik Aaryan spent some time with Bayern Munich stars Harry Kane and Thomas Mller during his visit to Munich.
A round-up of Wednesday's UEFA Champions League last-16 first leg matches.
A summary of Tuesday's action in the UEFA Champions League Knock-out Phase play-offs.
Life insurance companies reported a 13.16 per cent year-on-year (Y-o-Y) growth in new business premium (NBP), totting up Rs 30,347 crore in October, even as the number of policies sold saw a sharp decline. The growth was largely driven by strong performance from private sector life insurers.
Before heading abroad, ensure your travel insurance policy offers all essential coverage and has an adequate sum insured.
Bundesliga leaders Bayern Munich powered past third-placed Eintracht Frankfurt 4-0 with an impressive display of high-pressing football on Sunday.
All the action from La Liga and Serie A matches played on Monday
It is similar to top-up health insurance plan, but provides for one or more claims cumulatively crossing the threshold limit.
'They take care of the problem: How can I ensure my child's education and other goals are not compromised, even if I am not around?'
India's financial sector is dominated by large government-owned and private-sector banks.
'As on August 25, 94,753 Govindas have been insured.' 'This number is expected to rise further, as proposals for 5,000 to 8,000 Govindas are received daily.'
The judgment from a five-judge Constitution bench, led by Chief Justice DY Chandrachud, offers clarity on licensing regulations and is expected to prevent insurance companies from rejecting claims based on the type of licence of drivers involved in accidents.
Real Madrid paid for defensive mistakes as they were held to a 3-3 draw at lowly local rivals Rayo Vallecano on Saturday.
Self-employed individuals often face hurdles in buying term insurance due to financial documentation that doesn't fully reflect their earnings. This complicates underwriting.
'Accidents are unpredictable, whether it's a mishap during Diwali, a fracture during travel, or a fall in the bathroom.'
Cost-conscious fans for whom budgets are tight but Euro 2024 is unmissable are parking for free in German forests, lugging crates of supermarket beer to drink outside the fan zones
Insurance companies reported nearly 23 per cent growth in first year premium in the first quarter of financial year 2024-25, when compared to the same period last year, with market leader LIC leading the charge with 28 per cent growth. According to the data released by the Life Insurance Council, the new business premium (NBP) increased by 22.91 per cent year-on-year (Y-o-Y) to ~89,726.7 crore in Q1FY25 from ~73,004.87 crore in Q1 FY24, reflecting a robust demand for insurance policies in the country.
Core retail segments like motor and health continue to report strong growth of 19-20 per cent with competitive intensity still visible in the motor OD (owner driven) segment. Commercial lines reported muted growth. Group health remains a key driver. Among the listed companies, ICICI Lombard continues to trail in the motor section while Star Health has lost its Y-o-Y retail market share although its better on a sequential basis.
Insurance behemoth Life Insurance Corporation of India (LIC) is the fourth largest insurer in the world, according to a ranking based on life and accident & health reserves of companies in 2022 by S&P Global Market Intelligence. The state-owned insurer is ranked after Allianz SE, China Life Insurance Company, and Nippon Life Insurance Company. According to the report, LIC's reserves stood at $503.7 billion. Germany's Allianz SE ($750.20 billion), China Life Insurance Company ($616.90 billion) and Nippon Life Insurance Company ($536.80 billion) are the top three insurance companies in the world.
IMAGES from football matches played across European leagues on Saturday
All the action from football matches played in Europe on Wednesday
Real Madrid forward Vinicius Jr scored a hat-trick to help the LaLiga champions snap a two-game winless run in all competitions.
It is essential to have a comprehensive motor policy, and not just a third-party cover, as the latter does not protect your own vehicle.
IMAGES from the Champions League matches played on Wednesday.
Manchester City have one just victory from their last 10 games across all competitions.
'It's better to be over-insured than underinsured.' 'Ensure your home insurance includes STFI (storm, tempest, flooding, and inundation) cover for protection against monsoon rains.'
Croatian forward Ante Budimir scored twice to help Osasuna earn a shock 4-2 home win over leaders Barcelona.
Real, chasing a 15th European Cup, levelled in the 83rd with Vinicius's penalty, after Rodrygo was felled by a clumsy challenge from Kim Min-jae, to set up a mouth-watering return leg in Madrid next week.
IMAGES from the UEFA Nations League matches played on Monday.
Manchester City squandered a three-goal lead to draw 3-3 with Feyenoord in the Champions League on Tuesday.
Private life insurers experienced reasonable growth in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24), and the October data is also encouraging. The individual weighted received premium (WRP) for private players grew by 19.8 per cent year-on-year (Y-o-Y) in October. However, Life Insurance Corporation (LIC) of India had slower growth, pulling the industry growth rate down to 13 per cent Y-o-Y.
A rider is a supplementary cover which can be purchased with the base policy by paying an additional premium.
