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Wednesday, April 01, 2020

Life insurance

LIFE INSURANCE NEWS

Govt says financial year 2019-20 not extended; clarifies on income tax compliance

March 31, 2020 2:15 pm

The Ministry of Finance has issued a clarification after some reports claimed that the fiscal year was going to get extended.

Women Empowerment: More and more Indian women are now buying life insurance

March 09, 2020 7:00 pm

The total number of policies sold in the year 2018-19 stands at 2.86 crore, with a first-year premium (FYP) of 97,690 crore. Out of the number of policies sold, women accounted for 1.03 crore policies in FY 2018-19 (90 lacs in previous fiscal) with an FYP of Rs 36,525 crore in FY 2018-19 (29,801 crore).

Airtel introduces new Rs 179 prepaid pack with life insurance: A look at other packs and how it works

January 20, 2020 5:22 pm

Airtel has now two prepaid recharge plans of Rs 179 and Rs 279 value which come with life insurance benefit along with data, calling, and SMS benefits for 28 days.

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

April 27, 2019 1:09 am

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

April 16, 2019 2:41 pm

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.

On the Loose: Lease of Life

March 05, 2018 12:14 am

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

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

November 26, 2017 8:55 pm

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

October 25, 2017 11:47 am

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

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

October 06, 2017 12:01 pm

"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

March 16, 2015 1:29 am

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