Insurance Premiums News - Latest Updates & Headlines
IRDAI directs health insurers not to hike premium for senior citizens by over 10 pc
New Delhi, Feb 7: As health insurance companies have implemented steep premium hikes across age groups — some insurers even increasing health premiums up to 200 per cent — the Insurance Regulatory and Development Authority of India (IRDAI) has directed them not to revise premium rates for senior citizens by more than 10 per cent per annum.
LIC clocks 14.64 pc growth in new business premiums in 2024, collects Rs 2.33 lakh crore
New Delhi, Jan 10: The Life Insurance Corporation of India (LIC) clocked a 14.64 per cent growth (year-on-year) in new business premiums in 2024, collecting Rs 2.33 lakh crore in the January-December period, according to data by the Life Insurance Council on Friday.