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LIFE INSURANCE COMPANIES NEWS
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.
Life insurers post 22.91% growth in Q1 new business premium
July 09, 2024 2:37 am
According to data released by the Life Insurance Council, the new business premium (NBP) increased to Rs 89,726.7 crore in the first quarter of FY25 from Rs 73,004.87 crore in the same period of last year.
Life insurers’ new business premium up 61% in April
May 10, 2024 11:45 pm
The industry showed a growth of 19 per cent in the number of policies sold in individual single plans and 10 per cent growth in individual non-single plans, the data showed.
Life insurance firms’ new business declines 13% in first half of FY24
October 13, 2023 12:36 am
Total premium collection (new business) declined to Rs 158,376 crore during the six months as against Rs 181,976 crore in the same period a year ago.
IRDAI asks life insurers to launch 'Saral Jeevan Bima' scheme by Jan 1
October 15, 2020 5:26 pm
The Saral Jeevan Bima will be a pure term life insurance product that can be purchased by people in the age group of 18 to 65 years and will have a policy term of 4 to 40 years, guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI) said.
Life insurance companies register 11.4% growth in premium income in FY20
April 27, 2020 4:17 pm
India's largest and the only state-owned insurer LIC, however, posted a decline in premium income at Rs 8.32 lakh crore during 2019-20, the data from the Insurance Regulatory and Development Authority of India (Irdai) showed.
Life insurance policyholders get additional 30 days to pay premium
April 05, 2020 5:05 pm
IRDAI further said that life insurers "may offer settlement options" in accordance with relevant regulation where unit-linked policies mature (up to May 31, 2020) and fund value is to be paid in lumpsum.
Banks as insurance agents: Irda to meet CEOs to frame rules
January 09, 2014 5:00 pm
Banks have opposed the idea of becoming brokers for multiple players.
Private life insurance companies join hands to fight investment fraud via mis-selling
April 24, 2013 3:35 pm
A crackdown is in the offing against spurious calls made by fraudulent agents.
Total premium of life insurers drops 3%
July 12, 2012 4:35 pm
The total premium of life insurers dropped to Rs 2,83,315 crore for 2011-12.
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