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  How Bajaj Life Insurance's Plans Are Helping Plan India's Future?

  Brand Content | December 23, 2025 21:42 IST

  Life insurance is a contract between you and an insurer. You pay regular premiums, and in return, the insurer pays a sum assured to your family if the life assured passes away. This payout acts as a financial cushion, helping your family cover financial needs.

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  GST Council postpones decision on reducing tax for life, health insurance premiums

  Business | December 21, 2024 14:41 IST

  The GST Council has postponed its decision on reducing tax rates for life and health insurance premiums. With further deliberations planned for January, key proposals include exemptions on term life insurance and premiums for senior citizens.

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  LIC faces backlash over hindi-only website, resolves issue after criticism

  November 20, 2024 0:02 IST

  The Life Insurance Corporation (LIC) of India came under heavy criticism from Tamil Nadu Chief Minister M K Stalin and other leaders over its website’s default display in Hindi.

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  New insurance policy rule to come into effect from Oct 1: Here's how will it impact people

  September 30, 2024 22:58 IST

  Policyholders are advised to review their existing policies and stay informed about how these changes may affect their coverage and benefits.

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  INDIA bloc holds protest against GST on health, life insurance premiums, calls it 'tax terrorism'

  India | August 06, 2024 12:03 IST

  Surprisingly, Union Minister Nitin Gadkari also wrote to Finance Minister Nirmala Sitharaman urging her to consider withdrawing the GST which, he said, amounted to taxing uncertainties of life and restricting the industry's growth.

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  LIC shares surge over 6 per cent after Q3 net profit rises 49 per cent to Rs 9,444 crore

  Business | February 09, 2024 10:20 IST

  The public sector company's net premium income rose to Rs 1.17 lakh crore from Rs 1.11 lakh crore in the same quarter a year ago.

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  Is your life insurance premium above Rs 5 lakh? Check new tax rules

  August 17, 2023 15:09 IST

  As per the change, for policies issued on or after April 1, 2023, the tax exemption on maturity benefits under Section 10(10D) might be relevant in the event that the total premium paid by an individual depends on Rs 5 lakh a year.

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  Life insurers witness 4.1% decline in new biz premium in May; LIC records 11.26% decline: Data

  Business | June 10, 2023 14:06 IST

  All 24 life insurers had a collective new business premium income of Rs 24,480.36 crore in the same month a year ago (May 2022).

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  SBI Life to takeover liabilities of 2 lakh policies, assets of Sahara India Life Insurance: IRDAI

  Business | June 03, 2023 12:18 IST

  A SILIC spokesperson said that in 2017, Irdai had ordered the transfer of Sahara Life Insurance business to ICICI Prudential Life Insurance and that decision was later quashed by the Securities Appellate Tribunal (SAT) on July 28, 2017.

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  Joint life insurance: Why should couples consider it?

  Business | April 05, 2023 15:41 IST

  Joint life insurance can offer numerous benefits to couples, including financial security, convenience, and cost-effectiveness. By combining two lives under one policy, couples can save money on premiums while ensuring that their loved ones are protected.

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  Life insurers log new business premium growth of 84 pc in April, led by LIC

  Business | May 12, 2022 15:43 IST

  The largest insurer, state-owned LIC's first-year premium or new business premium more than doubled (at a 141 percent rise) to Rs 11,716 crore as against Rs 4,856.

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  For new life insurance policy, Covid-recovered people will now have to wait for 3 months

  Business | January 14, 2022 14:09 IST

  Industry experts said the waiting period for individuals, who have recovered from coronavirus infection, in order to take a new insurance policy has been implemented against the backdrop of high mortality rate related to coronavirus infection.

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  PhonePe gets IRDAI nod to sell life, general insurance

  Business | August 30, 2021 23:14 IST

  PhonePe has been issued an insurance broking licence from the Insurance Regulatory and Development Authority of India (IRDAI), it said in a release.

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  National Insurance Awareness Day: Essential things to check before buying a policy

  June 28, 2021 12:19 IST

  National Insurance Awareness Day: Insurance in the wake of COVID-19 times has become a vital part of everyone’s life and people have started buying health, term insurance more.

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  Term plan vs traditional insurance policy: Which is better and why

  June 29, 2021 12:55 IST

  Term insurance plans have become extremely popular in recent times. People are attracted to term plans over traditional life insurance policies because of high sum assured at very low premiums.

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  Facility for obtaining customer's consent electronically extended till Mar 2021 for life insurers

  Business | November 15, 2020 15:45 IST

  Regulator IRDAI has extended the facility for life insurers to obtain the consent of prospective policy holders electronically by three months till March 31, 2021.

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  Life insurance sector witnesses 18.6 pc drop in first-year premium: CARE Ratings

  Business | July 12, 2020 15:24 IST

  Hit hard by the coronavirus pandemic, the life insurance sector witnessed an 18.6 per cent drop in the first year premium to Rs 49,335 crore in the April-June quarter of the current financial year, according to a report by CARE Ratings.

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  Life insurance companies register 11.4 pc growth in premium income in FY20

  Business | April 27, 2020 16:08 IST

  India's life insurance companies clocked 11.36 per cent growth in their collective premium income at Rs 48.26 lakh crore during the fiscal ended March 2020, data from Irdai showed. The 24 life insurance companies' collective premium income stood at Rs 43.33 lakh crore during fiscal year 2018-19.

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  PNB to retain stake in two life insurance ventures as IRDAI gives nod

  Business | April 12, 2020 14:49 IST

  State-owned Punjab National Bank (PNB) will retain stake in two life insurance ventures as the lender has got permission from Insurance Regulatory and Development Authority of India (IRDAI).

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  Life insurance policy holders get 30 more days to pay premium

  Business | April 05, 2020 15:56 IST

  In a major relief for life insurance policyholders amid the coronavirus crisis, the Insurance Regulatory and Development Authority of India (IRDAI) has extended the deadline for paying a premium of life insurance policies, by another 30 days, which were originally scheduled to be paid in March and April.