Stay updated with the latest life-insurance news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on life-insurance topics.
New Delhi: Delhi govt has announced a city-wide rollout of underground electric wiring as part of a Rs 100-crore initiative. The move aims to ensure a safer, cleaner and uninterrupted power supply for residents across the capital, chief minister Rekha Gupta said on Saturday while launching the city's first pilot project of underground wiring in Shalimar Bagh.Gupta said the work at her constituency Shalimar Bagh would be completed in approximately three months. At least 5,500 families residing in ...Read More >
NEW DELHI, July 12: The Indian life insurance industry registered new business premiums of Rs 41,117.1 crore in June amid the ongoing impact of the revised surrender value regulations, lower credit life sales, and group single premiums, according to a new report. CareEdge Ratings expects the life insurance industry to continue to grow at 10 per cent-12 per cent over a three-to-five-year horizon, driven by product innovation along with supportive regulations, rapid digitalisation, effective distr ...Read More >
NEW DELHI, July 12: The Goods and Services Tax (GST) Council is expected to meet soon to review the tax regime. This could be the most significant review since the scheme was announced on July 1, 2017, eight years ago. According to reports, a sweeping reassessment of tax rates on consumer goods, which are currently taxed at the highest slab, and compensation cess might be among the top agenda items of the forthcoming meeting. Moving pure term insurance policies from the current 18 per cent rat ...Read More >
SRINAGAR, July 11: Director General of Police (DGP), J&K, Nalin Prabhat today chaired a high-level security review meeting in South Kashmir to assess the arrangements for the ongoing Shri Amarnathji Yatra. The meeting was attended by DIG South Kashmir Range Javed Mattoo, SSPs of South Kashmir districts, and senior officers from the Indian Army, CRPF and BSF. Addressing the meeting, the DGP lauded the dedication of all security forces in ensuring the safe conduct of the Yatra. He stressed the ...Read More >
NEW DELHI: The GST Council, which will meet shortly, is expected to comprehensively review the eight-year-old regime focused on reducing tax on several consumer-focused items in the 12% bracket as well as lowering the burden on items such as air conditioners, which are in the top bracket.Besides, with the compensation cess - money released to states to offset any revenue loss because of switch to GST - due to end in March, a plan on imposing a cess on some of the sin goods, such as tobacco, is a ...Read More >
New Delhi, Jul 10 (PTI) Life Insurance Corporation (LIC) has reported a 14.60 per cent year-on-year (YoY) increase in individual premium in June 2025, higher than 12.12 per cent growth in premium income of private life insurers, Life Insurance Council data showed on Thursday. In June 2025, LIC collected Rs 5,313 crore in individual premium, compared to 25 private sector companies, which together accounted for Rs 8,408 crore. During the month of June 2025, total policies issued by LIC stood at ...Read More >
VMPL New Delhi [India], July 9: If you're a young professional in your 20s or early 30s, life is full of exciting firsts, your first salary, first investment, maybe even your first big purchase. Financial independence gives you the power to live on your terms. But it also brings new responsibilities, and that's where life insurance steps in. Many people believe insurance is something to consider later in life. But the truth is, the best time to buy life insurance is right now, when you're youn ...Read More >
New Delhi [India], July 9: If you're a young professional in your 20s or early 30s, life is full of exciting firsts, your first salary, first investment, maybe even your first big purchase. Financial independence gives you the power to live on your terms. But it also brings new responsibilities, and that's where life insurance steps in. Also Read | Bihar Tragedy: Father-Son Duo Among 3 Asphyxiate to Death While Cleaning Septic Tank of Their House in Samastipur. Many people believe insurance is ...Read More >
SHILLONG, July 2: A local court in Shillong on Wednesday remanded property dealer and co-accused Silome James in 14-day judicial custody. According to Assistant Public Prosecutor, Tushar Chanda, two others -- Lokendra Singh Tomar and Balbir Ahirwar -- were sent to judicial custody for 7 days. The SIT had arrested the three individuals from different parts of Madhya Pradesh on charges of aiding in the concealment of evidence related to the murder of Indore-based businessman Raja Raghuvanshi in ...Read More >
Pune: Insurance Regulatory and Development Authority of India (Irdai)'s whole-time member (life) Swaminathan Iyer on Wednesday said insurance firms needed to leverage data to convince the working population to make life insurance an important aspect of financial planning."There's growing awareness of life insurance, especially among millennials. However, emotions aren't enough, we need to use data to drive logic. With technology, we can leverage data and analytics to make our point, particularly ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adj ...Read More >
MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) has said that mis-selling in the life insurance sector is not at alarming levels, citing grievance data published in its annual report. Speaking at an industry event, Irdai member (Life) Swaminathan S Iyer said the number of mis-selling complaints are not alarming. They currently stand at around 0.41 per 100 policies. While it is not alarming, the regulator has consistently told the industry that the number must keep goi ...Read More >
Kargil , Jul 2: Pursuant to putting in place a comprehensive legal framework to ensure fair, inclusive, and transparent recruitment to public services, the Administration of the Union Territory of Ladakh has initiated a large-scale recruitment drive for 359 Gazetted posts through the Union Public Service Commission (UPSC). This marks the first-ever recruitment of Gazetted posts through UPSC since the formation of the Union Territory, officials said. This follows the establishment of a unique an ...Read More >
Mumbai: Even as mis-selling of insurance plans by banks has drawn scrutiny, the sector regulator doesn't want to manage distribution channels and seeks to focus on customer awareness to check the malpractice. "It's not necessary that every mis-selling is mis-selling, it's also about the customers' understanding of the product," said Swaminathan S Iyer, member (life), Insurance Regulatory and Development Authority of India on the sidelines of an event on Wednesday. "Once you drive home that your ...Read More >
Bengaluru : Bajaj Allianz Life, one of India's leading private life insurers, has announced the launch of its New Fund Offer (NFO) - Bajaj Allianz Life Nifty 500 Multifactor 50 Index Fund. Offered under the Company's ULIP products, this fund is designed to track the Nifty 500 Multifactor MQVLv 50 Index, providing investors with exposure to a multifactor based equity index while also offering life cover. Bajaj Allianz Life ULIP products with underlying Bajaj Allianz Life Nifty 500 Multifactor 50 ...Read More >
NewsVoir New Delhi [India], July 1: PNB MetLife India Insurance Company Limited (PNB MetLife), one of India's leading life insurance companies has been recognized by Great Place to Work among India's Best Companies to Work For 2025, securing the No. 1 position in the insurance sector. The company has moved up to the 6th position in this year's prestigious Top 100 list- a significant rise from its 9th place ranking in 2024. This marks second consecutive year PNB MetLife features in the list, hig ...Read More >
New Delhi [India], July 1 (ANI): The Appointments Committee of the Cabinet has approved a one-year extension for the leadership of the Financial Services Institutions Bureau (FSIB), extending their tenure until June 30, 2026. The decision affects the current chairperson and six part-time members of the FSIB, whose terms were set to expire on June 30, 2025. The extension will be effective from July 1, 2025, or until further notice, whichever comes earlier. Bhanu Pratap Sharma, former Secretary ...Read More >
Nandyal: District Collector G Raja Kumari has directed officials to actively conduct the Grama Sthayi Jan Suraksha campaign across the district from July 1 to September 30, with a focus on creating wide-scale awareness about Central Government insurance schemes. Addressing officials during a public grievances redressal platform held at the PGRS Hall in the Collectorate on Monday, the Collector stressed the need for intensified outreach at the village level to ensure maximum public participation ...Read More >
As a precursor to monetisation, sources said, banks should improve governance, professional decision-making and bring in greater operational efficiency in their subsidiaries. The finance ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise a good return. There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in ...Read More >
New Delhi, Jun 29 (PTI) The finance ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise good return. There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term, sources said. Wherever required banks should invest funds to scale up operations of their subsidiaries or joint ventures, sources s ...Read More >
New Delhi, Jun 29 (PTI) The finance ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise good return. There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term, sources said. Also Read | Tamil Nadu: Temple Worker, Detained in Connection With Alleged Theft of Gold Jewellery, Dies in Police Cu ...Read More >
Hyderabad: National Insurance Awareness Day is celebrated every year on June 28. This day focuses on the importance of having insurance and helps people understand its benefits. It also reminds everyone to regularly check their insurance plans to ensure they are current and meet their needs. Insurance offers security, covering loved ones and recovering losses in the event of damage, illness, or death. From term insurance to life insurance, to health insurance, to home insurance, to car insuranc ...Read More >
New Delhi: Beloved social media influencer Tanner Martin, who boasts around 482 thousand followers on social media has recently shared a video announcing his own passing. Known for his candid and inspiring documentation of his cancer journey, the news was revealed through a heartfelt pre-recorded video shared on his Instagram account. The emotional video, which opens with the words "If you're watching this, I'm dead," was filmed in advance by Martin, who had been battling stage 4 colorectal ca ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Redd ...Read More >
Mumbai : Several life insurers have approached the Insurance Regulatory and Development Authority of India (Irdai) seeking approval to invest in gold exchange-traded funds (ETFs), according to people familiar with the matter. The move comes amid increasing gold prices, growing global demand and a need for diversification as traditional asset classes deliver subdued returns. Gold ETFs have delivered returns of more than 30% over the past 12 months. In comparison, liquid debt funds, equity indice ...Read More >
Mumbai : India's equity benchmarks surged to a nine-month high on Thursday, led by bank stocks, as easing tensions in the West Asia revived investor sentiment, triggering liquidation of bearish bets amid expiry of June derivative contracts. The NSE Nifty rose 304.25 points or 1.2% to close at 25,549 while the BSE Sensex rose 1,000.36 points or 1.2% to end the day at 83,755.87. It marked the highest closing levels of both indices since last October when the equity markets had made a sharp run-up. ...Read More >
New Delhi: The Central Bureau of Investigation (CBI) arrested a Junior Engineer, Naval Officers Family Residential Area, Mumbai, for demanding and accepting a bribe of Rs 4.5 lakh from a vendor for clearing his bills. A case was registered on Thursday against the accused on the basis of a written complaint of the company representative, whose bills were pending. The CBI said that the accused demanded a bribe of Rs 5.5 lakh from the complainant for clearing the pending bills of his firm, and af ...Read More >
CCI has also approved a 25.18 per cent equity stake in Future Generali India Life Insurance Company Ltd (FGILICL) through a bid/resolution plan submitted by Central Bank of India | Image: Wikimedia Commons State-owned Central Bank of India on Thursday said it has acquired a 25.18 per cent stake in Future Generali India Life Insurance Company Limited (FGILICL) for a cash consideration of Rs 57 crore as part of the insolvency process. With the acquisition of 65,43,80,439 shares on Wednesday (Jun ...Read More >
New Delhi, May 23 (PTI) The GST Council is likely to meet soon to discuss rate simplification and rationalisation and the future of compensation cess, according to a source. "There are three or four different aspects relating to making GST simpler. We will take up the issue of compensation cess, rate rationalisation and simplification," the source said. The GST Council, chaired by Union Finance Minister and comprising state counterparts, in its meeting in December last year, did not take up th ...Read More >
Srinagar, Feb 10: The Life Insurance Corporation of India (LIC) announced a strong financial performance for the third quarter of fiscal year 2024-25, with consolidated net profit rising over 16% to Rs 11,008 crore. This growth represents a significant increase from the previous year's net profit of Rs 9,468.99 crore. The company's nine-month profit after tax reached Rs 29,138 crore, showing an 8.27% increase from the previous year. Total premium income expanded by 5.51% to Rs 3,40,563 crore, w ...Read More >
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