New premium collection for private life insurers grows 23% in April-January
Feb 14, 2019

The new business premium collection of private life insurance companies grew 22.92% year-on-year (Y-o-Y) to Rs 53,645.06 crore in t

Postal department to spin off life insurance into SBU
Jan 31, 2019

Communications Minister Manoj Sinha has said that the postal department is planning to spin off the operations of postal life insur

IRDAI set up panel to identify SII
Jan 24, 2019

The Insurance Regulatory and Development Authority of India (IRDAI) has set up a panel to identity domestically systemically import

Life insurers’ first-year premium collection rises 2.41% in April-December of FY19
Jan 17, 2019

Life insurers witnessed a marginal growth of 2.41 percent in the first-year business premium collection during the period of April-

New business premium collection by life insurance industry grows 2.41% to Rs 1,41,584 crore in December
Jan 14, 2019

The Life Insurance Council in its latest report said that New business premium collection by the life insurance industry has grown

LIC’s market share comes down to 69.36% in FY18: IRDAI
Jan 14, 2019

The market share of state-owned Life Insurance Corporation (LIC) has come down to below 70% in the financial year 2017-18 (FY18). T

IRCTC offers free travel insurance for air passengers
Jan 10, 2019

The Indian Railway Catering and Tourism Corporation (IRCTC), the catering and tourism arm of the railways, will offer free-of-cost

Gross premium of non-life insurance firms increases 26.5% in November
Dec 27, 2018

Non-life insurance companies’ total premium collection rose by 26.5% to Rs 12,551.26 crore in November 2018 from Rs 9,921.21 crore

IRDAI allows single accident cover for multiple vehicles
Dec 13, 2018

Effective from January 1, 2019 customers will not have to purchase separate compulsory personal accident (CPA) cover for each

IRDAI proposes to relax registration norms for IMFs
Dec 04, 2018

With an aim to improve penetration of insurance products in the country, Insurance Regulator IRDAI has proposed to relax norms for

IRDAI panel recommends diseases after health policy purchase should be covered
Nov 06, 2018

As per recommendations of a panel set up by Insurance Regulatory and Development Authority of India (IRDAI), Chronic diseases like

Life insurers' new premium income down 16% in September
Oct 15, 2018

In September 2018, Life insurers' premium income from new business fell to Rs 17,490.68 crore from Rs 20,892.07 crore in September

IRDAI in favour of allowing 100% FDI in insurance intermediaries
Oct 11, 2018

The Insurance Regulatory and Development Authority of India (IRDAI) is in the favour of allowing 100% Foreign Direct Investment (FD

IRDAI allows distribution of all micro-insurance products through PoS
Oct 01, 2018

With an aim to further increase insurance penetration in the country, Insurance regulator IRDAI has allowed distribution of all mic

IRDAI in process of migrating to RBC regime
Sep 12, 2018

Insurance Regulatory and Development Authority of India (IRDAI) has said it is in the process of moving towards the risk-based capi

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