Life insurance

Life insurance News

Premium mobilisation of private life insurers up 22.2%, market share rises

SBI Life, with a total new premium Rs 13,792 crore, up 26 per cent and with a market share of 6.42 per cent has consolidated its position as the second largest private sector player in the country.

How NRIs can buy a life insurance plan in India

Some of the most common documents required for making a claim include a copy of the policy, death certificate of the insured, identity proof of the nominee, etc.


BJP manifesto woos youth with free smartphones

The BJP made some last minute changes to dole out more promises but stopped short of outdoing the Opposition.

On the Loose: Lease of Life

It’s crucial to read between the lines of insurance policies

Woman declares herself 'dead' to claim insurance money; held

The woman's husband Syed Shakeel Alam, a real estate agent who allegedly submitted "fake" documents declaring that his policy-holder wife had died, is on the run.

Shares of General Insurance Corporation fall nearly 7% in debut trade

The company proposes to utilise the proceeds towards augmenting the capital base.


Sale of stake by banks in insurance arm credit positive:Report

"We expect that SBI will use some or all of the gain to strengthen its loan-loss reserves for non performing loans (NPLs) and thereby limit pressure on its profitability," the rating agency said.

Insurance firms to lose control over councils

With the passage of the Insurance Bill, these councils will be structured on the lines of self-regulatory organisations (SROs).

Insurance policies with low cover to attract TDS on surrender

This will be applicable to policies that are not covered under Section 10 (10D) of the Income Tax Act.

Govt prunes negative list, more services under tax bracket

Now, companies will be responsible for paying the service tax on the services of independent directors instead of the directors themselves. In a move to plug the leakage of revenue, the Budget 2014-15 has said the service tax payable by independent directors for the services provided to the company will now be paid by “body […]