Life Insurance News - Latest Updates & Headlines
LIC's new business premium surges to Rs 2.27 lakh crore in FY25
New Delhi, April 23: Life Insurance Corporation of India (LIC), the country's largest life insurer, registered new business premium to the tune of an impressive Rs 2,26,669.91 crore in for FY25, which includes a record Rs 62,404.58 crore from individual new business, according to data released by the Life Insurance Council on Wednesday.
Over 1.3 crore persons insured through GeM in FY 2024-25
New Delhi, April 16: Government e-Marketplace (GeM), India's largest e-marketplace for public procurement, has facilitated insurance for more than 1.3 crore individuals covering Health, Life and Personal Accident Insurance policies, the Ministry of Commerce & Industry said on Wednesday.
Over 1.3 crore get insurance cover through GeM in 2024-25
New Delhi, April 16: Government e Marketplace (GeM) has successfully facilitated the insurance of more than 1.3 crore individuals covering health, life and personal accident insurance policies during the financial year 2024-25, according to a statement issued by the Commerce and Industry Ministry on Wednesday.
PhonePe launches 'insuring HEROES' campaign for International Women's Day
New Delhi, March 6: PhonePe on Thursday launched its 'insuring HEROES' campaign ahead of the International Women's Day.
India's life insurance margins near bottom, Q4FY25 volume growth may boost recovery: Report
New Delhi, February 26: India's life insurance industry is going through a phase of adjustment, with margins likely reaching their lowest point due to an expected decline in unit-linked insurance plan (ULIP) sales in FY2026, however, a seasonal rise in volumes during Q4FY25 could help improve margins through better operational efficiencies, according to Kotak Institutional Equities report.
Life insurance sector to get booster shot with FDI limit at 100 per cent
New Delhi, Feb 19: While the high capital intensity of the life insurance sector necessitates substantial investments to sustain growth, the increase in FDI limits will provide the much-needed capital boost to the sector, enabling insurers to expand their mortality coverage and increase penetration, according to a report released by rating agency ICRA on Wednesday.
LIC reports over 16 pc jump in consolidated net profit in Q3, AUM up 10.29 pc
New Delhi, Feb 7: The Life Insurance Corporation of India (LIC) on Friday reported over 16 per cent rise in its consolidated net profit to Rs 11,008 crore in the third quarter ended December 2024 (Q3 FY25), from the net profit of Rs 9,468.99 crore in the year-ago quarter.
India Post Payments Bank and PNB MetLife partner to expand life insurance access nation wide
New Delhi, January 30: India Post Payments Bank (IPPB) and PNB MetLife India Insurance Company Limited (PNB MetLife) entered into a strategic bancassurance alliance to extend access to life insurance solutions for millions of individuals nationwide.
LIC clocks 14.64 pc growth in new business premiums in 2024, collects Rs 2.33 lakh crore
New Delhi, Jan 10: The Life Insurance Corporation of India (LIC) clocked a 14.64 per cent growth (year-on-year) in new business premiums in 2024, collecting Rs 2.33 lakh crore in the January-December period, according to data by the Life Insurance Council on Friday.
India's life insurance industry at an inflexion point, poised to grow strong: Centrum report
New Delhi, January 7: The life insurance sector in India is at an "inflexion point" and is poised to grow due to a variety of good reasons. Financial services company Centrum Broking in a report asserted that it remains constructive on the life insurance industry owing to favourable macro factors.