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COVID-19 - LIC sees 20 per cent decline in death claims in Q1 FY23 as Covid impact ebbs

'We see it settling down towards more normal. It is still not back to pre-2020 figures because we would appreciate that the effects will take some time'

LIC sees 20 pc decline in death claims in Q1 FY23 as COVID impact ebbs - Jammu Kashmir Latest News | Tourism

New Delhi, Aug 21: Insurance behemoth LIC witnessed a decline of nearly 20 per cent in death claims in the first quarter of this fiscal with the COVID impact seen to be ebbing, though the amount is still higher than pre-2020 levels, officials said. In the June quarter of the previous fiscal, settlement of death claims was to the tune of Rs 7,111 crore, which for Q1 of this year was Rs 5,743 crore, LIC Chairman M R Kumar said […]

Fidelity Life announces appointments

The National Business Review Online is New Zealand's authority in breaking business news and analysis.

Life Insurance Products Can Be Launched Without Prior Approval: IRDAI

Insurance regulator (IRDAI) on Friday allowed insurers to launch new life insurance products without its prior approval.

Insurance Regulator IRDAI Eases Approval Norms for Life, Health Insurance Products - India Briefing News IRDAI Extends Use and File Procedure to Health, Life Insurance

IRDAI recently relaxed approval norms for insurance products in life and health category, by bringing them under the "Use and File" method.

India: Regulator releases exposure draft of new set of rules for the appointed actuary

The IRDAI has proposed some key changes to its regulations covering appointed actuaries, following a review of the rules in a changing business environment.

IRDAI's rationalisation move only 'sound and fury signifying nothing'

The Indian insurance regulator's move to rationalise some of the regulatory compliance is nothing but a `big sound and fury, signifying nothing'.

IRDAI's rationalisation move only 'sound and fury signifying nothing'

The Indian insurance regulator's move to rationalise some of the regulatory compliance is nothing but a `big sound and fury, signifying nothing'.Perhaps it may rationalise the workload on IRDAI's actuarial department but not that of the life, ...

IRDAI's rationalisation move only 'sound and fury signifying nothing'

Jasleen Kohli becomes the new MD and CEO of Digit Insurance