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Life Insurance Company

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AI crash: Victims' kin file claims under multiple insurance categories

From hotel booking cancellations to loss of baggage, and from accidental death coverage to trip plan withdrawals, insurance companies have received a range of claims from the kin of the Ahmedabad......

Air India crash creates rare insurance dilemma: Nominees also among dead

The devastating Air India 171 plane crash, which claimed 241 lives on board and 29 on the ground, has created an unforeseen challenge for insurance companies to settle some claims where even the......

'They killed people to claim money': 52 held in UP's Rs 100cr insurance scam

A massive insurance scam involving fraudulent policies, fake documents and even killings carried out to claim insurance money has surfaced in Uttar Pradesh's Sambhal district, with the estimated......

'Insurance companies will make a killing'

'I can feel the master's pain, because he must be sitting there and cursing and saying, 'Why was I born?'' IMAGE: Part of a span of the collapsed Francis Scott Key Bridge is suspended on the......

Top four life insurance companies covered 14 mn fewer lives in FY25

Some of the leading life insurance companies have reported a sharp decline in the number of lives covered in FY25, largely due to a slowdown in credit-linked life insurance policies. Illustration:......

M&M, Manulife to form life insurance JV with 7,200 crore investment

Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a......

'After GST cut, innovation will boost life insurance'

The reduction in goods & services tax (GST) on individual life and health insurance premiums has been called a “landmark step” for making insurance affordable and inclusive. Illustration:......

Life insurance companies clock 25.28% drop in premiums

The life insurance industry reported a 25.28 per cent decline in new business premium income in November 2023 to Rs 26,494.83 crore from Rs 34,588.8 crore recorded a year ago. Illustration: Uttam......

LIC drags new business premiums of life insurers by 5.2 %

New business premiums of life insurance companies dropped 5.2 per cent year-on-year (YoY) in August to Rs 30,959 crore, owing to a double-digit decline reported by state-owned Life Insurance......

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