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Indian Bank plans life insurance, asset management foray; board approval next, CEO says
23+ hour, 42+ min ago (415+ words) Indian Bank's plans to enter the life insurance and asset management segments are progressing as planned, and it would soon approach the board for approval, the bank's MD and CEO Binod Kumar said. The lender is currently in the process…...
Stay-at-home parents need life cover too, but how much is enough?
2+ week, 5+ day ago (386+ words) A stay-at-home parent may not receive a monthly salary, but that does not mean their contribution has no financial value. Cooking, childcare, managing the household, helping children with schoolwork and caring for elderly family members all take time and money....
Life insurance surrender payouts overtake maturity benefits for third consecutive year in FY26
4+ week, 2+ day ago (633+ words) Surrender and withdrawal payouts by life insurers overtook maturity benefits for three consecutive years from FY24 to FY26, data sourced from the finance ministry and the Insurance Regulatory and Development Authority of India (IRDAI) shows. Surrender and withdrawal payouts rose to Rs…...
Life insurers' July NBP jumps 21%; LIC outpaces private players
1+ mon, 2+ day ago (441+ words) India's life insurance industry's new business premiums (NBP) increased 20.7% year-on-year to Rs 47,004.8 crore in July 2026, taking year-to-date FY27 growth to 17.5%, according to CareEdge. Despite a high base of 22.4% growth in July 2025, growth remained strong, although it shifted towards LIC for July,…...
Buy Life Insurance Corporation; target of Rs 480: Motilal Oswal
1+ mon, 6+ day ago (217+ words) Moneycontrol.com Buy Life Insurance Corporation; target of Rs 480: Motilal Oswal In 1QFY27, LIC reported net premium income of INR1.3t, which grew 7% YoY. Renewal premium rose 3% YoY to INR618b and single premium grew 9% YoY to INR564b. First-year premium grew 22% YoY to INR92b. New business APE…...
Insurers with the highest number of complaints in FY26 and YTD
1+ mon, 1+ week ago (174+ words) Life insurance companies received the highest number of customer complaints among all insurance segments in FY2025-26, followed closely by general insurers, according to government data. Most complaints across life, general and health insurers were resolved during the year, though some cases…...
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…...
Agents will remain central to insurance distribution despite digital push: Kotak Life CEO Mahesh Balasubramanian
1+ mon, 2+ week ago (537+ words) Agents will continue to play a critical role in the insurance distribution ecosystem alongside bancassurance and direct channels, and any distribution reforms should account for all three, said Kotak Life Insurance CEO Mahesh Balasubramanian. During an exclusive interaction with Moneycontrol,…...
Low renewal rates of life insurance policies in FY 2024-25, says Finance Ministry
1+ mon, 2+ week ago (450+ words) Persistency rates in insurance policies directly measure policy renewals. It is one of the most important indicators for assessing policy continuation. In FY 2024-25, between 60 and 83 of every 100 life insurance policies remained active. After five years, only around 22 to 59 policies remained…...
Buy HDFC Life Insurance; target of Rs 690: Motilal Oswal
1+ mon, 4+ week ago (267+ words) Moneycontrol.com Buy HDFC Life Insurance; target of Rs 690: Motilal Oswal Motilal Oswal's research report on HDFC Life Insurance HDFC Life Insurance (HDFCLIFE) reported an APE of INR35.2b (in line) in 1QFY27, up 9% YoY, with individual APE growing 7% YoY and group APE…...