Life insurance

LIFE INSURANCE NEWS

Life insurance segment growth in double digit, non-life stagnates amid GST cut

November 11, 2025 7:35 pm

On the other hand, non-life insurers — excluding SAHIs — showed a growth of just 1.72 per cent to Rs 25,464 crore in the month of October.

UPS or NPS? A police officer’s unexpected lesson in life and death

October 22, 2025 1:00 pm

For those who confront their mortality everyday, even a bureaucratic exercise can feel deeply personal

GST 2.0: Re-labelling of drugs, medical devices not mandatory for stocks issued before Sept 22

September 16, 2025 10:16 pm

health, life insurance firms to get no ITC benefit for GST on commission; Must issue revised price lists to dealers, retailers for display

Allianz Life says majority of US customers' data stolen in hack

July 27, 2025 9:45 am

This incident is related only to Allianz Life in the U.S., which currently has 1.4 million customers, the company said.

'That’s when I realised how expensive treatment can get': Why more young Indians are buying insurance

June 06, 2025 3:00 pm

This newfound curiosity isn’t coming out of nowhere. A mix of rising medical costs, job instability, pandemic PTSD, and a growing sense of financial responsibility has pushed Indians in their 20s and 30s to take insurance seriously, possibly for the first time.

Unclaimed insurance amount over Rs 20,000 crore, says IRDAI

January 06, 2025 8:10 am

The life insurance industry paid total benefits of `5.77 lakh crore in 2023-24 which constitutes 70.22 per cent of the net premium.

Health cover for senior citizens, term life insurance may get GST waiver

October 21, 2024 8:08 am

Rate rejig: Exercise notebooks, cycles under Rs 10,000, 20 litre plus water package, to attract lower 5% GST; Rs 15,000+ shoes, Rs 25,000+ watches may be taxed at higher 28%.

Insurance surrender value: How life policyholders will benefit from change in rules from today

October 02, 2024 8:50 am

Life insurance policyholders are set to get a higher refund amount if they discontinue their policies in the wake of the new rules mandated by the Insurance Regulatory and Development of India (IRDAI) from October 1.

Explained: The debate over GST on health insurance

August 07, 2024 1:14 pm

Opposition leaders including Leader of Opposition in Lok Sabha Rahul Gandhi protested at Parliament’s Makar Dwar on Tuesday, demanding the withdrawal of GST on life insurance and health insurance premiums.

Life insurers mop up Rs 27,034 crore as new business collections

June 11, 2024 9:34 am

According to the Life Insurance Council, new policy issuance increased by 12.45 per cent for the same period, indicating the strong underlying demand for life insurance products.

Advertisement
Advertisement
Advertisement