The IRDAI will seek viewpoint of the life and general insurance councils before making decision on the appeal of life insurers in order to offer indemnity based health plans. In an aim of launching indemnity or reimbursement
LIC has permitted its policyholders to revive their policies which have been lapsed of over 2 years, in a bid to help improve persistency ratio in an official statement, LIC further said that the policies
It is too early for the largest domestic life insurance company to go public, says Mr. Kumar, LIC Chairman. Kumar further said that while the economy is seeing a slowdown life.
LIFE October 2019 IRDAI warns Reliance Nippon Life for excessive expenses : The IRDAI has warned Reliance Nippon Life Insurance (RNLIC) for excessive expenses.
Moreover, an insurance firm can reject the claims of relatives of policy holders who are deceased, on grounds of misrepresentation such as age suppression or suppression…
LIC had recorded a 6.08% growth in its total premium income at Rs. 3,37,185.40 crore in 2018-19 against Rs. 3,17,850.99 crore in 2017-18. The financial result for 2018-19 if the company’s suggests that its first year premium increased by 5.68% to Rs. 14,21,91.69 crore.
The levying of an 18% tax on insurance premiums is detrimental to improving the penetration of insurance in the country and should be rolled back, said Nilesh Sathe, member (life), IRDA.
The levying of an 18% tax on insurance premiums is detrimental to improving the penetration of insurance in the country and should be rolled back, said Nilesh Sathe, member (life), IRDA.