5+ hour, 42+ min ago  (351+ words) Life insurance companies reported an 18% year-on-year growth in new business premiums (NBP) in February at "35,417.27 crore, led by strong growth in premium collections by Life Insurance Corporation of India (LIC). The 27-member life insurance industry had reported "29,986 crore of premiums in…...

4+ mon, 4+ week ago  (349+ words) Despite this pressing need, India remains among the most underinsured countries globally. These facts highlight this starkly: >Total sum assured, i.e., life protection as percentage of GDP in India is 24% versus 332% in Singapore, about 250% in the USA and Japan and significantly…...

8+ mon, 3+ day ago  (478+ words) In the rush to build wealth, what often gets neglected is your insurance portfolio. If you are like most Indians, you likely bought your first life insurance policy in your late 20s or early 30s. Maybe it was a bundled endowment plan....

9+ mon, 10+ hour ago  (431+ words) A recent report has revealed that approximately 49% of life insurance policies with the top 10 insurers are discontinued within five years, resulting in significant financial losses for policyholders. A survey by personal finance advisory firm 1 Finance has revealed several surprising disclosures…...

10+ mon, 2+ week ago  (319+ words) The life insurance industry saw a modest 5% rise in new business premiums (NBP) to Rs 3.97 lakh crore in FY25, impacted by new surrender value rules and weak ULIP demand. The new business premiums (NBP) of life insurers recorded a modest 5% year-on-year…...

11+ mon, 4+ week ago  (313+ words) Recent trends show that underwriting rules have become much tougher in India. This has led to a rise in policy rejections. Insurers have tightened their risk assessment processes, making it harder for applicants to secure coverage. Also Read: Best short-term…...