Life Insurance Council, the representative body of life insurance companies, will request the Insurance Regulatory and Development Authority of India (IRDAI) to allow them to offer indemnity health cover again. The regulator had barred life insurance companies from offering indemnity health products from July 2016. Currently, life insurers can only offer fixed-benefit health products. Read More ...

Bharti AXA General Insurance, a private general insurer, is leveraging technology to ensure convenience and speedier vehicle insurance claims settlement for its customers. Read More ...

While the minimum entry age is kept at 18 years for principal insured, the maximum age at entry is 65 along with lifelong renewability. There shall be no maximum exit age. Read More ...

Term insurance plans are available to working women at a lower rate of premium than men. Women have increasingly become dominant players in the Indian workforce. These days, an increasing number of women are either co-bread winners or even sole bread winners for the family. However, when compared to other financial instruments such as fixed deposit and mutual funds, many don’t consider having a life insurance policy to protect their dependents or partner. Read More ...

Life insurers collected new premiums of Rs 1.59 lakh crore, showing a 5.3% YoY growth. The new business premium collection of private life insurance companies grew 22.9% year-on-year (YoY) to Rs 53,645.06 crore in the April 2018 to January 2019 period. Life Insurance Corporation of India (LIC), on the other hand, saw a 1.83% YoY drop in the first year premium collection to Rs 1.05 lakh crore. Read More ...