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WebLife Insurance Surrenders Overtake Maturities In FY26
8+ hour, 47+ min ago (339+ words) Whalesbook The life insurance sector is facing a critical challenge as policyholders increasingly exit their plans before maturity Data from the Reserve Bank of Indiaâs latest Financial Stability Report for FY26 confirms this shift, showing that surrenders and withdrawals accounted…...
Life Insurance Premium Growth Hits 15% In June 2026
6+ day, 6+ hour ago (269+ words) Whalesbook This growth was largely supported by a massive 74% year-on-year jump in group business across private insurers, which helped offset more moderate trends in the individual policy segment Private Insurer Performance and Market Trends Private sector players saw their individual…...
Private Life Insurers See 29% June Premium Growth Jump
1+ week, 10+ hour ago (261+ words) Whalesbook Private life insurance companies in India witnessed a notable recovery in June 2026, with the total Annualised Premium Equivalent, a standard metric used to measure new business premium growth, jumping 29% compared to the same month last year This rebound comes…...
Life Insurers See 16% Premium Growth In June 2026
1+ week, 1+ day ago (272+ words) Whalesbook The Indian life insurance sector maintained a positive momentum in June 2026, with the industryâs Retail Weighted Received Premium (RWRP) climbing 16% compared to the same month last year This metric is a key indicator for investors as it measures…...
LIC 61st-Month Policy Persistency Drops to 5-Year Low
1+ week, 1+ day ago (238+ words) Whalesbook Life Insurance Corporation of India (LIC) is facing a decline in long-term customer loyalty as its five-year policy persistency ratios hit a five-year low in FY26 The 61st-month persistency ratio, which measures the percentage of policies remaining active after five years,…...
Prudential Delays ICICI Pru Life Exit Amid Bharti Deal Plans
1+ week, 1+ day ago (269+ words) Whalesbook Prudential Plc is currently holding onto its approximately 22% stake in ICICI Prudential Life Insurance, opting to delay a potential exit The UK-based insurer is reportedly waiting for more favorable market conditions to achieve a better valuation for its holding…...
Govt Plans Cooperative Life Insurance Firm to Boost Sector
1+ week, 3+ day ago (319+ words) Whalesbook Union Minister Amit Shah announced the governmentâs intention to set up a dedicated cooperative life insurance company during the 5th Foundation Day event of the Ministry of Cooperation in Delhi This initiative is designed to integrate the insurance sector…...
ICICI Prudential Life Plans Name Change to ICICI Life
1+ week, 3+ day ago (261+ words) Whalesbook ICICI Prudential Life Insurance Company Limited is initiating a major shift in its corporate identity, with the board of directors approving a proposal to rename the entity as ICICI Life Insurance Limited This change is part of a broader…...
Prudential Seeks 'Investor' Status in ICICI Prudential Life
1+ week, 3+ day ago (294+ words) Whalesbook Prudential Corporation Holdings Ltd is initiating a formal process to change its classification within ICICI Prudential Life Insurance The company currently holds approximately 22% stake in the life insurer, a position that carries the status of a promoter This move…...
HDFC Life Insurance faces ₹265.4 crore tax demand, plans appeal
2+ week, 2+ day ago (259+ words) HDFC Life Insurance has received a tax demand and penalty order totaling ₹265.4 crore. The company plans to appeal the decision, stating it will not materially impact operations. GST Tax Demand: ₹132.7 crorePenalty: ₹132.7 crore Reader Takeaway: Substantial tax demand confirmed; management confident…...