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Base effect to hit life insurers' March biz

New business premium (NBP) growth of life insurers in March is expected to be weak owing to the high base effect in the year-ago period due to revision in taxation norms for high-value policies,......

Multiple headwinds ahead for ICICI Prudential Life Insurance

The ICICI Prudential Life Insurance Company's net premium income in the third quarter (October – December) of the current financial year (Q3FY24) swelled by 4.9 per cent year-on-year (Y-o-Y)......

LIC's market share drops to 59% till September from 68.7% in a year

The share of Life Insurance Corporation of India (LIC) in monthly new business premium (NBP) in the life insurance sector declined to 58.50 per cent in September 2023 from 68.25 per cent in......

'Jeevan Kiran offers a risk cover at no cost'

'At the policy's maturity, the total premium is refunded.' IMAGE: Life Insurance Corporation of India Chairman Siddhartha Mohanty. Photograph: Rupak De Chowdhuri/Reuters The Life Insurance......

LIC's knock-on effect: New business premium of insurers drops 12%

Contrary to expectations, the new business premium (NBP) of life insurance companies dropped 12.62 per cent year-on-year (YoY) in March 2023 due to an over 30 per cent drop in Life Insurance......

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