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Insurance may be embedded into Mudra loans as govt looks to expand microinsurance reach
5+ day, 20+ hour ago (678+ words) A proposal is under discussion to explore embedding insurance products into loans sanctioned under the Pradhan Mantri MUDRA Yojana (PMMY), leveraging the lending ecosystem created under the scheme. Sources familiar with the matter said the proposal is part of the…...
Life insurers face a reckoning on incentives -- and a growth hit
3+ week, 4+ day ago (87+ words) Moneycontrol.com Life insurers face a reckoning on incentives -- and a growth hit Commission reforms would drag life insurers’ growth down in the short term but boost profitability in the long run. Moneycontrol Pro Panorama | The two-speed pharma sector Aug…...
Life insurance surrender and withdrawal payouts jump 77% in five years, overtake maturity benefits
1+ mon, 1+ week ago (341+ words) Policy surrenders and withdrawals account for a growing share of life insurers' benefit payouts, according to government data. The share of surrenders and withdrawals paid by life insurance companies to policyholders surged 77 percent from Rs 1,58,285 crore in FY2021-22 to Rs 2,80,130 crore…...