Insurance Premium

From June 1, 2022 onwards, the motor third party liability insurance premium has been jacked up by the central government despite the portfolio being hugely profitable for the insurers

Accumulated no-claim bonus and advantage of having crossed waiting period will be lost if you fail to pay your health insurance premium on time

In April, the industry earned NBP to the tune of Rs 17,939 crore, compared with Rs 9,739 crore in the year-ago period

HAI claimed that the increased premium rates put all hotels at par and do not differentiate between the quality of risk undertaken

The hotel association alleged that insurance companies are not allowed to quote different rates to hotel properties based on the risk category of the insured, thereby putting all the hotels at par

There was a marginal increase of 0-5 per cent in group health insurance premiums

In FY22, life insurers post 13% growth in new biz premium, compared with 7.5% growth in FY21

Twenty four life insurance companies had a total premium income of Rs 2,78,277.98 crore from new business in the previous fiscal

Premium costs jump 10-15%, driven by large number of claim payouts during pandemic as well as factors such as rising healthcare costs

Tata AIA Life Insurance's total premium income is likely to grow over 30 per cent to cross Rs 14,000 crore in the current fiscal, a top company official has said.

Govt may look to reduce GST on insurance premiums and enrol the workers of MNREGA under the PMJJBY, PMSBY to increase insurance penetration

NBP is the premium acquired from new policies for a particular year

You will lose out on the cover, pay a surrender charge, and usually end up paying a higher premium when you buy a new policy

Shareholders get more say on how LIC treats its profit and policyholder's interest

But it means avoiding the premiums and interest for lapsed years, so do the math

An IRDAI report shows that banks and broker channels received more mis-selling complaints than other channels

The life insurance industry has recommended the government to create a separate bucket for tax rebate under section 80 (C) and make annuity tax-free for the benefit of subscribers

The new premium income of life insurance companies jumped by nearly 42 per cent to Rs 27,177.26 crore in November this year, data from Irdai showed on Tuesday.

Says insurance becomes a necessity in the absence of any social security for citizens, nowhere else in the world one has to pay such heavy tax on premium

Irdai set to allow wellness programme along with life plans; policyholders participation voluntary