Insurance News

New Delhi, December 12: Health insurance in India saw significant growth in recent years, its share in the non-life insurance segment surged to 37.1 in FY24 per cent from 24.6 per cent, according to a report by Axis Securities.

New Delhi, Nov 11: Life Insurance Corporation of India (LIC), the country's largest insurer, has achieved a 22.52 per cent increase in new business premiums at Rs 1,32,680.98 crore during the first seven months of FY25, compared to the corresponding figure of Rs 1,08,289.78 crore in the same period of the previous fiscal year, data showed on Monday.

Mumbai, October 22: SBI General Insurance, reported a 591 per cent increase in net profit for the first half of FY25, reaching Rs414 crore.

New Delhi, Oct 18: The family of a life insurance policyholder cannot be denied a claim after his or her death on the grounds of non-disclosure of pre-existing health conditions if the so-called "suppressed information" is not related to the cause of death, the National Consumer Commission has ruled.

New Delhi, September 19: US firm General Atomics is expected to replace the MQ-9B Predator drone at the earliest to carry out surveillance missions for the Indian Navy as per the requirements projected in the contract between the two sides.

Mumbai, Sep 9: Life Insurance Corporation (LIC) of India saw a 35.1 per cent surge in its new business premium for the month of August to Rs 19,309.10 crore, from Rs 14,292.53 crore in the same month last year, showed data by the Life Insurance Council on Monday.

New Delhi, Aug 29: Life Insurance Corporation (LIC) of India CEO and Managing Director Siddhartha Mohanty on Thursday presented a cheque of Rs 3,662.17 crore to Finance Minister Nirmala Sitharaman as the government's share of the company's dividend, approved by the shareholders in the Annual General Meeting held on August 22.

Chennai, Aug 12: The Indian life insurance industry closed July logging 14.2 per cent growth in new business, industry body Life Insurance Council said on Monday.

New Delhi, Aug 12: The Life Insurance Corporation of India (LIC) saw a 19.78 per cent surge in its new business premium for the month of July to Rs 18,430.63 crore -- from Rs 15,386.57 crore in the same month last year, data showed on Monday.

Mumbai, Aug 8: Life Insurance Corporation of India on Thursday reported a 9 per cent increase in its consolidated net profit to Rs 10,544 crore for the April-June quarter of the current financial year from Rs 9,635 crore in the same quarter last year, the company stated in a regulatory filing.

London, Aug 7: Car insurance is essential for every vehicle owner, providing safety against accidents, damages, and unexpected events. Among the many benefits of a comprehensive vehicle insurance policy, the No Claim Bonus (NCB) stands out.

Mumbai, Aug 5: The offices of the Life Insurance Corporation of India (LIC) in Bangladesh will remain closed till August 7 due to the political unrest in the neighbouring country, the company said on Monday.

Mumbai, Aug 5: India's largest insurance company Life Insurance Corporation of India (LIC) purchased stocks worth Rs 17,000 crore in the June Quarter.

Mumbai, July 26: Shares of state-run insurer Life Insurance Corporation of India (LIC) on Friday touched a new lifetime high of Rs 1,178.60 on the Bombay Stock Exchange (BSE).