Page 4 - Insurance Premium

LIC's total premium clocks 12% growth in FY20 at Rs 3.79 trillion

Settled 561 Covid-19 death claims amounting to Rs 26.74 crore

SBI Life Q1 net rises 5% to Rs 390 cr, new business premium income falls

There was a decline of 29 per cent in individual new business premium, while individual rated premium slipped by 36 per cent

A snapshot of premiums on home insurance cover offered by top players

Here are the premium rates for top eight insurers offering home cover of Rs 1-crore structure, plus Rs 25 lakh on contents

LIC sees rebound in business after months of slide due to Covid-19 crisis

With the spread of coronavirus and the subsequent lockdown imposed by the government, LIC saw its new business premium (NBP) fall 31 per cent year-on-year (YoY) in March

Life insurers note 25% drop in new business premiums in May due to Covid-19

In the first two months in FY21, NBP of life insurers dropped almost 30%

Opting for EMI on health insurance premiums? You may end up paying more

This is because insurers are levying a nodal charge of 3-4 per cent on premium paid through instalment

Opt for monthly payment of term premiums as insurers get set to hike rates

Some insurers have already started increasing premiums, and others are expected to do so in the next six months

Planning to take health insurance policy? Do not go by premium alone

You also need to take into account exclusions and sub-limits

New premium business of LIC rises 25% in FY20, market share up 1.2%

In FY20, premiums from LIC's pension and group schemes clocked Rs 1 trillion mark

Covid-19 impact: Life Insurer's new business premium declines 32% in March

For the month of March, the new business premiums of life insurance companies stood at Rs 25,409 crore compared to Rs 37,459 core in March 2019.

Investors' high expectations raise risk for stocks of general insurers

Benefits of lower claims could get offset by subdued premium collection and fixed costs

High expectations raise risk for stocks of general insurance companies

Benefits of lower claims could get offset by subdued premium collection and fixed costs

Fighting Covid-19 crisis: LIC customers get more time to pay premium

LIC has said all death claims related to Covid-19 would be treated on a par with other causes of death and payments would be made on an urgent basis

Health insurance premiums set to rise as firms to follow Irdai mandates

The rise in premiums could be in the range of 5-25 per cent, depending on the features that each insurance company adds on its products

LIC gives 30-days extension for premiums due in March, April amid Covid-19

The insurer assured its policyholders that the death claims arising due to COVID-19 will be treated at par with other causes of death and payments shall be made on an urgent basis.

With 30 days more to pay premium, make sure you don't let your policy lapse

Usually, general insurers give 30 days for health and 90 days for auto insurance policyholders to pay renewal premiums, even after the due date has passed

Can one challenge the rejection of insurance claim? Expert answers

The first reason could be non-disclosure during the purchase of insurance. Information and disclosures mentioned in the proposal form are critical and material for the issuance of an insurance policy.

Lock into current term insurance premiums, new rates unlikely before Apr 1

The sale of term plans gathered pace only over the past four-five years

New Irdai guidelines unlikely to impact insurance premium rates for now

General insurers would wait to see whether claims rise sharply after the removal of the three-month clause

It's not the right stage to put differential premium on banks: Finance Secy

Finance minister had announced hiking the deposit insurance limit to Rs 5 lakh for each bank depositor