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life insurance players clocking strong growth in protection policies




the share of these more-profitable products grew by 700 basis points in q1, a trend analysts see continuing



strong prospects make gic re ipo attractive




growth prospects for the country’s largest reinsurer, general insurance corporation of india (gic re), which has 60 per cent of the rs 39,000-crore reinsurance market (non-life plus life), appear robust. the company takes on risks from general insurance companies for a premium. it is expected to b...



life insurers' premium growth doubles in first quarter, says irdai




premium growth of life insurance players has doubled for the first quarter of this financial year (fy2019), according to data released by the insurance regulatory and development authority of india (irdai). the growth rate in premium revenue for life insurers in the first quarter of 2018-19 touched ...



sbi life eyes 25% growth in fy19, leans on ulip, pure protection products




sbi life insurance, a jv between state bank of india and bnp paribas cardiff s. a., is targeting to grow its new business premium (nbp) by 25 per cent in 2018-19. the growth will be driven by ulip and pure protection products. speaking to business standard after inaugurating the company's new region...



edelweiss tokio life insurance ties up with fincare small finance bank




edelweiss tokio life insurance and fincare small finance bank (sfb) have announced a bancassurance partnership. the stated aim is to push life insurance to the rural population. through fincare's door-to-door banking, the life insurer says it would be able to learn more about the rural customers and...



hdfc standard life up 11% in three days; hits highest level since listing




hdfc standard life insurance has rallied 5% to rs 429 on monday, extending its 6% gain in past two trading days on bse.the stock is trading at its highest level since listing on november 17, 2017, up 48% against issue price of rs 290 per share. hdfc standard life insurance company had raised rs 87 b...



private firms across general insurance sector post higher growth rate: icra




the general insurance sector in the country grew at a slower rate of 17 percent in fy2018 after a robust growth of 32 percent in fy2017. as per icra research, the private sector growth continued at a faster pace (22 percent y-o-y during fy2018), compared to the psu growth of 13 percent during fy2018...



bs insurance round table: real challenge is how to run nhps, says expert




what is the outlook for the life insurance industry in 2018? amitabh chaudhry: we have had four years of pretty solid growth across all sectors of insurance—for life insurance there has been four years of 15 per cent plus growth, and this year it is upwards of 30 per cent. when you look at the eco...



boq joins the life insurance exodus




bank of queensland is the latest lender to offload is life insurance business, as lenders concentrate on their core business of retail and business banking.the brisbane-based bank will sell its life business, st andrew's insurance, to listed group freedom insurance for $65 million, with boq agreein...



hdfc standard life hits new high; stock zooms 89% against issue price




hdfc standard life insurance company hit a new high of rs 547, up 5% on the bse in intra-day trade on monday, in otherwise subdued market. since april 18, post january-march quarter (q4fy18) results, the stock of insurance company outperformed the market by surging 11% against 3.3% rise in the s&p b...



sbi life insurance, hdfc standard life insurance hit new highs




shares of life insurance companies were trading higher in otherwise subdued market with sbi life insurance company and hdfc standard life insurance company hitting their respective new highs on the bse on wednesday. icici prudential life insurance company (ipru) has surged 11% to rs 460, extending i...



insurance tax to add £200 a year to your premiums




insurance premium tax (ipt) rose again this week, adding an average £200 a year to your insurance bills. here's everything you need to know.what is ipt?it was introduced in 1994 at 2.5 per cent and is a tax added to the premiums for most types of insurance policy. the tax is typically passed on to ...



indiafirst life net up fourth year on the trot, rises 46% to rs 510 mn




indiafirst life insurance on thursday reported 46 per cent year-on-year growth in net profit at rs 510 million during financial year 2017-18. the private insurer's net profit stood at rs 350 million in financial year 2016-17. this is the fourth consecutive year of declaring profits for the company, ...



hdfc standard life's margin profile improving, q4 net profit rises 40%




hdfc standard life insurance company (hdfc life) finished fy18 with over 24 per cent growth in net profit. the insurer’s earnings during the march 2018 quarter (q4), the seasonally strong period for life insurance companies, grew 40.4 per cent year-on-year (y-o-y). its annual premium equivalent (a...



havells: strong show in core operations seen as key driver of growth




havells kicked off fy19 on a strong note, clocking 40 per cent revenue growth during the june quarter (q1), led by its electrical consumer durables (ecd) segment. while the lloyd air-conditioners (ac) business also surprised positively, others supported growth, too. with healthy growth across busine...



insurers set fresh terms for liability insurance for bank boards' directors




insurance companies that sell liability insurance have begun to reprice the costs of cover they offer to directors on bank boards. market leaders in this line of business — new india assurance and tata aig — have begun to reassess the premium on risk exposure of their portfolio in the director...



irdai extends linking of aadhaar, pan to insurance policies by mar 31, 2018




india's insurance regulator on monday extended the time to link aadhaar number to insurance policies till march 31, 2018. in a circular issued on monday to all the life, non-life (including standalone health insurers) the insurance regulatory and development authority of india (irdai) said the date ...



loss ratios for ipl insurance policies jump to 150-200% this year




the loss ratios for specialised insurance policies provided by insurance companies to companies taking part in the 2018 indian premier league (ipl) have increased from 80 to 90 per cent last year to 150 to 200 per cent this year. with three weeks left for the conclusion of the 11th season of the ipl...



hdfc life stock gains 3.9%; improvement in first quarter priced in




the hdfc standard life insurance stock on friday gained 3.9 per cent to close at rs 489.7 on the bse after the company posted a strong but in-line set of numbers for the june 2018 quarter (q1). while the business performance was good, analysts believe the same is already priced in, which might limit...



q2 and q3 will be bumper quarters for gdp: hdfc chairman deepak parekh




welcoming the rs 2.11-lakh crore recapitalisation plan for public sector banks (psbs) as a monumental decision, housing development finance corporation (hdfc) chairman deepak parekh says governance reforms and protection of bank management for decisions on write-off and settlement for bad loans need...



health insurance companies 'clone' policies for different prices: consumers grou




some health insurance companies are cloning basic health insurance policies and offering them for different prices under different labels, the dutch consumers association consumentenbond said on tuesday.around 1,000 different healthcare policies are currently being offered by 50 different insurance ...



health insurance companies 'clone' policies for different prices: consumers grou




some health insurance companies are cloning basic health insurance policies and offering them for different prices under different labels, the dutch consumers association consumentenbond said on tuesday.around 1,000 different healthcare policies are currently being offered by 50 different insurance ...



everything you must know about tax benefits of medical and life insurance




medical emergencies too when they arise, do take a toll on us. therefore, it is equally important that we medically insure, both ourselves and our near and dear ones. the government actively supports this by allowing you some tax breaks upon taking of such insurance covers - be it a life or a medica...



will ayushman bharat disrupt the health insurance market?




insurance regulatory and development authority of india (irdai) chairman subhash chandra khuntia recently said in one of his speeches that there should be some "simplification and rationalisation of health insurance" products. according to insurers, the regulator wants to ensure that customers under...



hdfc life ipo opens today: should you invest?




hdfc standard life insurance, one of the top three private life insurers in profitability, on tuesday launched its rs 8,695-crore initial public offering (ipo), the biggest so far in the country’s life insurance sector.  the price band for the offer has been fixed at rs 275-290 a share. the publi...