Life Insurance Trends: Decoding Customer Preferences in the Digital Age
India's life insurance sector, ranking 10th globally, is one of the fastest-growing sectors. This strength isn't by chance - it's fueled by two key engines: rapid digital adoption and an understanding of changing customer preferences.

LIC share at record high; m-cap hits Rs 7.56 trn post 39% rally in CY24
Source Credit: Nikita Vashisht, Business Standard

New Delhi: Share price of Life Insurance Corporation (LIC) of India hit a fresh record high of Rs 1,197 per share on the BSE on Friday. This comes after LIC share price gained 3.1 per cent on the Exchange in the intraday trade.

Reduction in TDS for life insurance payouts draws mixed reactions

In the Union Budget for 2024-25, a reduction in TDS from 5 per cent to 2 per cent on life insurance payouts has been proposed, with effect from October 1, 2024.

Costlier term cover: Opt for high claim settlement with low premium
Major private life insurers like HDFC Life, ICICI Prudential, Bajaj Allianz, and Max Life Insurance have increased their term insurance premiums by 4 to 7 per cent. Here are a few tips on how prospective buyers should cope with these hikes.

Go Digit General Insurance gains after PAT rises 74% YoY to Rs 101 cr in Q1 FY25
Go Digit General Insurance jumped 2.89% to Rs 344.90 after the company's consolidated net profit jumped 74.14% to Rs 101 crore in Q1 FY25 as compared with Rs 58 crore in Q1 FY24.

Ensure your Family's Well-being this Monsoon with TATA AIG Health Insurance
Source Credit: Business Standard

Mumbai: The onset of monsoon brings a surge in various diseases, such as dengue, malaria and viral fevers, posing significant health risks. Additionally, amid the escalating dengue cases in the country, residents are facing higher health risks, with many localities experiencing a significant surge in hospital admissions and increased attention for medical care. TATA AIG, a leading insurance provider in India, offers comprehensive health insurance solutions to safeguard families against monsoon-related diseases also.
 

Sebi bans fugitive bizman Vijay Mallya from securities market for 3 years
Sebi on Friday barred fugitive businessman Vijay Mallya from the securities markets and restrained him from associating with any listed firm for three years in the matter of routing of funds to the Indian securities market using overseas bank accounts with UBS AG.

Mirae Asset MF lifts investment cap on large- and mid-cap fund

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FIIs cash out from equities post Budget 2024 on capital gains tax tweaks
The FIIs had bought shares worth Rs 25,108.69 crore (net) until July 22, 2024. However, in the next three trading sessions, they net sold shares to the tune of Rs 10,711.70 crore, shows data, thus bringing down their net monthly purchases to Rs 14,396.99 crore thus far in July.

Sael raises $305 m via green bond issue overseas

The bonds were issued at a yield of 7.8 per cent for a tenor of 7 years and are expected to be rated BB+ by Fitch. This transaction marks a major milestone in Sael’s efforts to diversify its borrowing profile.