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Life insurance News

21 Oct 2024

Will Term Life Ins Premium, Senior Citizen's Health Coverage Be GST Exempt?

A final decision on GST on health and life insurance premiums, as well as rate rationalisation, is likely to the taken by the GST Council, chaired by Union Finance Minister and comprising state counterparts, in its meeting scheduled to take place next month.

15 Sep 2024

GST Council Forms GoM To Review Tax Rate On Health, Life Insurance

The 54th GST Council meeting on September 9 decided to set up a GoM to examine and review the present tax structure of GST on life and medical insurance.

08 Aug 2024

Post Office Life Insurance: Sum Assured Up To Rs 50 Lakh; Who Is Eligible?

Here is all about Post Office Whole Life Assurance-Suraksha Policy you want to know

16 Jun 2024

IRDAI Introduces Higher Surrender Payouts for Early Life Insurance Exits

The IRDAI also allowed insurers to design a variety of new products, including index-linked plans and variable annuity payout options.

12 Jun 2024

DNA: New rules for insurance people!

Interim Budget 2024

23 Jan 2024

Life Insurance Sector Demands Distinct Tax Deduction Limit Apart From 80C

Gupta said that even though the upcoming budget is a Vote on Account, the insurance sector sees continuation of the infra capex and self-dependency themes.

Health insurance

19 Dec 2023

DNA Exclusive: This Health Insurance News Will Bring Smile To Your Face

In the coming times, you will only receive Cashless Medical services in every hospital. The system of Reimbursement Claims is soon going to be abolished.

14 Jul 2023

6 Tips For Avoiding Claim Rejection And Resolving Disputes In Health Insurance

By being proactive and well-informed, consumers can protect their rights as policyholders and ensure smooth healthcare financing through their health insurance coverage.

14 Jun 2023

'No Tearing Hurry': SAT Stays IRDAI's Order Against Sahara India Life

Staying the IRDAI's June 2 order transferring the life insurance business of Sahara India Life to SBI Life, the SAT said: "... we find it strange that such steps have been taken after a gap of 5 years and that too without granting an opportunity of hearing."

05 Jun 2023

Sahara India Life Merging With SBI Life? Here Is All You Want To Know

This is not a merger between the two companies but only a transfer of the policyholder related assets and liabilities of Sahara Life Insurance to SBI Life, the company said.

Health insurance

15 Mar 2023

DNA: Medical Insurance.. Benefit or Trouble?

There would be many of you who had to struggle a lot for medical insurance claims. Actually, companies make big promises while selling medical insurance, but as soon as the time comes to pay the claim, they put some clauses in front of you.

14 Jan 2023

Retirement planning: THESE are 5 BEST schemes to consider in India

11 Jan 2023

Five trends that will shape the life insurance industry in 2023

Casparus J H Kromhout, MD & CEO, Shriram Life Insurance has spoken elaborately with Reema Sharma of Zee Media regarding Five trends that will shape the life insurance industry in 2023

Life Insurance Corporation (LIC)

14 Nov 2022

LIC share prices rally over 9 per cent as Q2 net zooms multifold

LIC on Friday reported a multi-fold jump in net income at Rs 15,952 crore in the July-September quarter, More than 40 per cent of the net income came in from profit from investments which reached Rs 6,798.61 crore. LIC shares were up by around 6 per cent in early trade

insurance agents

12 Sep 2022

Customers will get agent portability option soon, check details

Policyholders will get an option of agent portability soon. IRDAI is going to change the existing rule. Customers can change agents through the insurance exchange.

Father's Day 2022

17 Jun 2022

Father's Day 2022: 4 rules young fathers must follow on child investment plans

On Father's Day 2022, here are the key things to watch out on long-term child investment plan so that young dads can be free from worrying about their children’s financial security.

21 May 2022

Maintaining low account balance? You can miss out on benefits worth Rs 4 lakh

The last date to renew PMJJBY and PMSBY policies is May 31, 2022. Beneficiaries receive insurance benefits worth Rs 4 lakh under the two schemes. PMJJBY is a life insurance scheme for Indians aged between 18 to 50.

Insurance policy

16 Jan 2022

Insurance companies want 'waiting period' for Covid-infected patients

Last year's devastation caused by the second wave of the Covid 19 outbreak sparked a trend that is now a full-fledged policy for all insurance firms. Furthermore, depending on the severity of the infection, test results are required.

14 Jan 2022

Recovered from Covid? You have to wait for 3 months to get new life insurance

This condition of waiting period for people who have recovered from coronavirus infection will be applicable only for life insurance policies.

Life Insurance Corporation of India

05 Dec 2021

LIC IPO: Policyholders can link PAN-LIC to buy IPO, here’s how

The life insurance firm invited its clients to join in the offering earlier this week and encouraged them to do so by opening demat accounts. When the issue is listed on the markets, it is expected to raise between Rs 40,000 and Rs 1 lakh crore.

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