2+ week, 1+ day ago Aditya Birla Sun Life Insurance reports women make up just 28% of policyholders, with lower average cover than men, highlighting a persistent gender gap in life insurance coverage. Aditya Birla Sun Life Insurance has reported a persistent gender gap in life…...

5+ mon, 1+ week ago The Bharti AXA Life Guaranteed Bachat Plan is a non-linked, non-participating savings plan. Buyers can customise policy term, payment term, payout, and rider options. Bharti AXA Life Insurance has launched the Bharti AXA Life Guaranteed Bachat Plan, a new savings…...

6+ mon, 1+ week ago This is the 11th consecutive year the company has declared bonuses. Out of the total bonus, "53.43 crore will be distributed as cash and maturity bonuses in FY25. Ageas Federal Life Insurance has announced its highest-ever total bonus of "176.32 crore for the financial…...

6+ mon, 1+ week ago The Life Insurance Corporation of India (LIC) reported an 11% rise in premiums and a 21% increase in total APE. India's life insurance sector recorded a 13% year-on-year increase in premiums in May, marking a rebound after a few subdued months The growth was…...

6+ mon, 2+ week ago This marks the insurer's 23rd consecutive annual bonus. The total cumulative bonus declared since inception now stands at "15,847 crore. Axis Max Life Insurance has declared a participating bonus of "2,135 crore for FY202425 Over 21 lakh eligible policyholders will receive the bonus starting July…...

7+ mon, 1+ hour ago The Married Women's Property Act (MWPA), 1874, is a legal provision that ensures the life insurance payout goes only to the wife and/or children of the policyholder " even if there are outstanding loans, legal claims, or disputes after the policyholder's…...

7+ mon, 2+ day ago Kotak Mahindra Life Insurance Company (Kotak Life) has declared a bonus of "1,178 crore for the financial year 202425. The bonus will benefit more than 7 lakh policyholders with participating ... Kotak Mahindra Life Insurance Company has declared a bonus of "1,178 crore for the…...

7+ mon, 2+ week ago Axis Max Life has unveiled the findings of the seventh edition of its flagship survey " India Protection Quotient survey (IPQ), conducted in partnership with KANTAR. Tapping 6,360 households across 25 Indian cities, the survey has been uncovering urban India's pulse on financial…...

7+ mon, 3+ week ago According to sources, the demand was placed during a recent meeting between top executives from life insurance companies and the Department of Financial Services (DFS) Secretary, M Nagaraju. Life insurance industry leaders have urged the government to extend indexation benefits…...

8+ mon, 4+ week ago Government data shows that India's self-employed workforce grew to 58.4% in 2023-24 from 52% in 2018-19, with more women, especially in rural areas (73.5%), joining the sector. Self-employed individuals often face challenges in securing term life insurance due to fluctuating incomes and lack of consistent…...