Find out how much life cover you need today
Determining the life cover is the most crucial part in a life insurance policy. It is the amount which will be paid to the nominee in case of the policy holder’s death during the policy term. For this, the human life value (HLV) has to be determined based on the estimated future earnings life of the individual.

LIC gets 3 more years to pare government stake to 90%

Nippon Life to buy 20% of Corebridge from AIG

LIC officers got higher wage settlement than public sector bank peers: Union
Mumbai: Officers of the Life Insurance Corporation of India (LIC) have got a better wage settlement deal than their counterparts in state-owned banks, according to an analysis by the All India Bank Officers’ Association. The association said the starting pay of the lowest-grade officer in LIC (in which the government owns 96.50 per cent stake) is ₹40,155 more per month than that of a public sector bank (PSB) peer.

HDFC Life Insurance declares bonus worth Rs 3722 cr to policyholders

In participating or 'par' policies, life insurance companies share the benefit of profit in the form of bonuses with policyholders. These plans allow policyholders to share the company's profits, reflecting a mutual partnership between the insurer and policyholders.

SEBI grants LIC 3 additional years to achieve 10% public shareholding

“...Securities and Exchange Board of India (“SEBI”)...has conveyed its decision to grant additional time of 3 years to Life Insurance Corporation of India to achieve 10 per cent public shareholding ...i.e., within a period of 5 years from the date of listing.” the Corporation said in an exchange filing. LIC was listed on May 17, 2022.

IndiaFirst Life Insurance appoints Rushabh Gandhi as MD & CEO

LIC gets more time for 10% public holding

LIC shares surge 6% after SEBI gives it time till May 2027 to meet minimum public holding norms

Life insurance premium: How is it taxed; the loopholes explained
This means that any amount you pay above Rs. 5 lakh in premiums won't be eligible for a tax deduction. ULIPs have a separate rule with a lower cap of Rs 1.5 lakh for tax deductions under Section 80C. However, unlike traditional life insurance plans, the maturity benefit from ULIPs is taxable.
 

Mother's Day 2024: 6 crucial ways term insurance can help working moms in financial planning
Mother's Day is a truly special day to celebrate the amazing women who have played an irreplaceable role in our lives. Amidst the daily balancing act of career aspirations and family responsibilities, the critical need for securing their financial future often takes a back seat. Despite the gradual increase in insurance buyers, the proportion of women availing themselves of this essential protection remains disproportionately low. This underscores not only a gap in workforce demographics but also highlights a pervasive perception among women that life insurance is not a pressing necessity.

Unlocking Liquidity: The potential of a formal secondary market for life insurance policies in India
Prime Minister Narendra Modi’s recent comments regarding the appreciation of LIC share prices have captured widespread attention. Shareholders are rejoicing the high market value of LIC shares, anticipating favorable returns should they decide to liquidate their holdings. However, amidst this excitement, an important point is being overlooked: the purpose of life insurance extends beyond seeking short-term returns from its shares. Due to its unique nature, which differs from other investment products, the public often undervalues and misunderstands life insurance.

Life insurers’ new business premium up 61% in April
Life insurance industry reported a 61.23 per cent jump in new business premium (NBP) at Rs 20,258.86 crore in April 2024, as against Rs 12,565.31 crore in the same period of last year.

Bandhan Life Insurance unveils ‘Maa Ki Udaan, Bandhan Se’ campaign to observe Mother’s Day
Bandhan Life Insurance, a financial security platform, has unveiled a campaign titled ‘Maa Ki Udaan, Bandhan Se’, on the occasion of Mother’s Day. 

LIC's April premium hits decade high of Rs 12,384 cr
LIC's premium collection in April at Rs 12,384 crore, highest since 2014

Kotak Life Insurance acknowledges the unparalleled essence of a mother’s love
 

What should be the criteria for selecting the right kind of term plan? Dinesh Dilip Bhoi answers

ETMarkets Smart Talk: Why Harshad Patil is positive on high quality smallcap businesses
Source Credit: Kshitij Anand, The Economic Times

Life insurers’ new business premium surges 61% in April to ₹20,259 crore

Dixon Tech, Indus Towers among top bets of insurance companies in April 2024

Indian life insurance industry, excluding LIC of India, Nuvama said, commands an impressive aggregate equity assets under management (AUM) of nearly Rs 4.5 trillion. Nuvama Alternative's Insurance Portfolio Analyzer offers monthly insights into the top five players, collectively representing almost 80 per cent of the AUM.

ICICI Pru Life pays Rs 1,867 crore towards death claims in FY'24

Fixing mis-selling in life insurance
Mis-selling of life insurance policies through the bancassurance channel is today hitting media headlines more often than before. For instance, businessline dated October 31, 2023, reported that the Insurance Regulatory and Development Authority of India (IRDAI) had “formed a taskforce to look into various aspects of the bancassurance channel, including mis-selling.”

Take loan to avoid tax: a new loophole in insurance town
It's been a year since the tax advantage for high-premium traditional life insurance policies ceased to exist, leading to a decline in their appeal among high net-worth individuals (HNIs). However, the insurance industry has found a workaround. They're promoting the seemingly innocuous loan feature in these policies as a means to sidestep tax obligations on maturity proceeds.

Ageas Federal Life Insurance launches Cradle to Crease campaign featuring Sachin Tendulkar
Ageas Federal Life Insurance introduced its brand campaign film, ‘Cradle to Crease’, an initiative that drives home the message that while the future might be exciting, evolving and uncertain, by focusing on financial planning and investing in life insurance, one can face the future with optimism, hope and confidence.

ICICI Pru Life launches ULIP having fund value-based distributor payouts
According to the product specifications, customers have unlimited free switches between asset classes without any cost or tax implications.
 

HDFC Life announces the 'No Jhanjhat Life Insurance Fatafat' campaign
 

Know the secret tax benefits of life insurance policies
 

How much Cash Value for Life Insurance? The debate continues
Recently, the Insurance Regulatory and Development Authority of India (IRDA) declared that they won’t be changing the rules about surrender value for life insurance policies in the country. This decision came after some uncertainty when IRDA was thinking about increasing surrender values back in March.

New York Life Insurance to buy 49 per cent stake in two commercial projects of Max Estates
New York Life invests Rs 388 cr in Max Estates SPVs
The Financial Express

ICICI Prudential receives GST and penalty order of Rs 835 cr