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Life Insurers News

25 Sep 2016

GST: Life insurers want exemption; general differential rates

As the GST rollout plans gathers momentum, life insurers sought exemption from the new taxation regime on premium income, while general insurers have demanded differential rates for their products.

15 Jul 2015

Life insurers total assets up 17% in FY15, new premium down

The life insurance sector, consisting of 24 companies led by state-owned LIC, had seen its total new premium fall by 6 per cent to Rs 1,13,140 crore in 2014-15 from Rs 1,20,162 crore in 2013-14.

19 Dec 2014

Life insurers seek separate tax deduction limit of Rs 1.5 lakh

It would encourage long-term savings and help incremental flows come into life insurance sector, LIC said in a pre-budget memorandum submitted to Finance Ministry last week.

26 Oct 2014

Growth eludes life insurers except some bank-promoted players

Those having seen growth in individual premiums in first half included ICICI Pru, HDFC Life, Max Life and Kotak Life.

Insurance policies

07 Sep 2014

New disclosure norms expose insurers' policy-retention claims

Barring a few, such as ICICI Prudential, Reliance Life and Kotak Life, most of the life insurance companies have disclosed lower 'persistency ratios' for the first quarter of the current fiscal ended June 30, as also for the full financial year ended March 31, 2015.

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