LIC dominance of India's life insurance market nears three-fourth mark

Life Insurance Corporation's (LIC) market share in the overall insurance market in India stands at 72 per cent.

Warburg Pincus may buy Andhra Bank's 20.5 per cent stake in India First

Warburg Pincus is planning to buy another 20.5 per cent stake in IndiaFirst Life Insurance from Andhra Bank.

India's insurance industry is improving efficiency through the use of new-age technology

Indian insurers are improving their reach by digitalisation and usage of technology. 

Life insurance industry likely to see 14-15 per cent growth: CARE

India’s life Insurance Industry is likely to grow at 14-15 per cent per annum, according to CARE Ratings.

SBI Life Insurance's value of new business jumps 49 per cent to Rs 370 crore in Q1

SBI Life Insurance has stated 49 per cent rise in its value of new business (VoNB) to Rs 330 crore (US$ 45.87 million) in the first quarter of FY19-20.

LIC new premium doubles in June; pushes industry collection to Rs 32,241 crore

Life Insurance Corporation (LIC) registered more than two-fold rise in its new premium collection to Rs 26,030.16 crore (US$ 3.61 billion) in June 2019.

Relaxing FDI limit in insurance intermediaries to boost distribution: Fitch

The Budget proposal of easing foreign investment limit in insurance intermediaries will strengthen distribution capabilities and increase international involvement, particularly from developed mark...

Life insurance new biz premium soars over 41% in May

Mumbai: New business premium for India's life insurance industry grew 41.15 per cent year-on-year to Rs 28,395.89 crore (US$ 4.09 billion) in May 2019.