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LIFE INSURANCE COUNCIL NEWS

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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.

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LIC assistant prelims day 2 analysis: Reasoning comparatively difficult

October 31, 2019 2:57 pm

LIC assistant Prelims: Candidates who have attempted 31 questions in reasoning ability sections, 29 in quantitative aptitude and over 2- In English section can be considered to have made a good attempt.

New database to keep track of claim duplications

August 20, 2015 2:46 am

Till now, the Pradhan Mantri Jeevan Jyoti Bima Yojana has received 1,184 claims while another 284 claims have been filed under the Pradhan Mantri Suraksha Bima Yojana.

Insurance council inks MoC with German Insurance Association

September 28, 2012 5:00 pm

Life Insurance Council,the industry body of all life insurance companies in the country has signed a Memorandum of Cooperation with the German Insurance Association (GDV).

IRDA asks Life Council to prepare single insurance product

May 15, 2012 7:58 pm

Sectoral regulator IRDA has asked the Life Insurance Council to design a single insurance product that will cover life as well as non-life.

Insurance pitfall: Policy issuance plunges

January 30, 2012 12:45 am

If the trend continues,it would be the biggest drop in the new policies issued in 10 years.

Life insurance premium collection down 2%

November 22, 2011 8:18 pm

Total premium collected by the life insurance industry stood at Rs 1,25,179 cr during April-Sept.

Life cover premiums dip 28% in June quarter

August 23, 2011 12:36 am

The total collection for the industry dropped from Rs 58,559 crore to Rs 55,523 crore.

AUM of life insurers cross Rs 15 lakh cr

August 22, 2011 7:23 pm

Total assets managed by life insurance firms went up by 11.38% to cross Rs 15 lakh crore.

Pitfalls of insurers: Elusive profits,expensive distribution

May 30, 2011 12:36 am

Even after a decade of opening up,issues like profitability and a successful distribution model are still haunting the life insurance industry in India,finds Ritu Kant Ojha