Insurance News
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LIC reduces 2.14% stake in Tata Global Beverages, sells 1.35 crore shares
18-Jul-2017 (15:42)
SBI Life Insurance files DRHP for IPO to raise Rs 7,000 crore
18-Jul-2017 (09:39)
HDFC Standard Life Insurance to launch IPO; puts merger with Max Life on hold
18-Jul-2017 (09:32)
SBI Life, second life insurer to go public, to issue up to Rs 12 crore shares
17-Jul-2017 (21:31)
IRDAI asks insurers to collect Aadhaar details of insurance agents to check duplication
17-Jul-2017 (09:33)
LIC trims 2% of its stake in Mahindra & Mahindra, brings it down to 10%
15-Jul-2017 (19:20)
Life insurers' June month premium up 13% at Rs 14,466 crore
14-Jul-2017 (17:35)

The new business premium of life insurance companies rose 13 per cent to Rs 14,466.13 crore in June, shows data from sector regulator Irdai.

New premium income of all 24 life insurers in the country was at Rs 12,810.04 crore in June 2016.

Country's largest life insurer LIC reported an increase of 11.7 per cent in premium during the month at Rs 10,450.47 crore, as against Rs 9,354.52 crore a year ago.

For the rest 23 private sector players, the total business premium in June increased 16.2 per cent to Rs 4,015.65 crore from Rs 3,455.52 crore, the Insurance Regulatory and Development Authority of India (Irdai) data showed.

Among private players, SBI Life's premium income jumped 37 per cent to Rs 805.55 crore from Rs 588.32 crore a year ago.

ICICI Prudential Life's new premium income during the month was up 12.7 per cent to Rs 668.69 crore against Rs 593.55 crore and HDFC Standard Life reported an increase of 13.4 per cent at Rs 685.31 crore.

DHFL Pramerica Life witnessed a jump of over two times in premium income at Rs 131.51 crore and Canara HSBC OBC Life stood at Rs 106.73 crore, up from from Rs 80.47 crore a year ago.

Sahara Life's premium income fell to Rs 1.82 crore from Rs 2.44 crore a year ago.
Nippon Life Insurance completes acquisition of 49% stake in Reliance Nippon Life
14-Jul-2017 (09:50)
Life Insurance companies new business premium income up 6% in June FY17
13-Jul-2017 (18:29)
SBI Life Insurance gets final approval for IPO from SBI central board
11-Jul-2017 (09:47)
Insurance sector needs comprehensive over-haul: says Report
09-Jul-2017 (12:43)
Looking at 'alternatives' to complete insurance business merger deal: HDFC
08-Jul-2017 (09:52)
SBI Life Insurance gets Irdai nod for IPO
07-Jul-2017 (13:57)
Insurance regulator IRDAI directs insurers to comply with FEMA rules on options
07-Jul-2017 (09:53)
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