Life-Insurance

MUMBAI February 23, 2021: Bharti AXA Life Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, today announced its new-age and comprehensive protection solution, Bharti AXA Life Flexi Term Pro, that offers option to cover the life up to 99 years and provides a customized shield...

Life Insurance Corporation (LIC) of India, which offers various insurance plans like endowment plans, money back plans, term insurance plans, also offers pension plans. LIC Pradhan Mantri Vaya Vandana Yojana is one such pension plan being offered by the country's largest life insurance company. The government has modified rate of pension for Pradhan Mantri Vaya Vandana Yojana and extended...

Life insurance sector maintained its growth momentum in February 2021 after witnessing a drop in the last two months of the calendar year 2020. First Year Premium of life insurers witnessed a double-digit growth of 21 per cent in the penultimate month of FY21 to Rs 22,425 crore compared to Rs 18,533 crores in February 2020.  It had posted...

Insurance regulator, the Insurance Regulatory and Development Authority of India (Irdai), on Monday pitched standard guidelines for travel insurance with the objective of ensuring uniformity and definition about coverage, exclusions and terms of coverage for domestic as well as international travel. The new guidelines hope to make travel insurance popular with travellers. The guidance will make available a standard travel...

RBL Bank and ICICI Prudential Life Insurance entered into a bancassurance partnership on Wednesday, December 9, to offer a slew of life insurance products to customers. This alliance will enable more than 8.7 million customers of RBL Bank to access and easily purchase the customer-centric protection and long-term savings products of the firm, in order to gain financial security for themselves and their families. RBL Bank...

Life insurance is a product that’s sold and not bought. At least that’s what the insurance industry believes and therefore banks on its army of agents to convince you to buy life insurance. For this, the agent gets a cut from the premium that you pay. So, every time you cut a premium cheque, the agent makes money...

Surge of 28% bonus disbursement witnessed for FY2022 in comparison of previous year Mumbai, 26th July 2022: Canara HSBC Life Insurance declares bonus for the 9th consecutive year of INR 78 Cr. for all eligible policyholders for the financial year 2021- 2022. The life insurance company has been consistently declaring bonuses on participating products. Bonus amount for FY2021-2022 marks 28% of surge as...

Exide Life Insurance expects over 30 per cent jump in new business premium during the current financial year, on the back of higher sales for term life products as well as focus on rider-based plans, a top company official said. "Last year when the pandemic hit and afterwards people got used to dealing with the new normal, we found that...

Bharti AXA General Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, today launched its new app ‘Krishi Sakha’ to cater to the specific needs of the farmers in the country and guide them in adopting best farming practices and enhancing productivity. Bharti AXA ‘Krishi Sakha’ aims...

Life Insurance Corporation (LIC), the country's largest life insurance company, which offers insurance policies like term insurance plans, endowment plans and money back plans also offer pension plans. LIC's Jeevan Shanti Policy plan is one of the pension plans being offered by the state-run insurance corporation. LIC Jeevan Shanti policy is a single premium plan wherein the policyholder has...