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Life Insurance Products (LIC)

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  • Friday, April 22, 2022
    Health insurance premiums to get costlier: How can policyholders keep their premiums in check?

    Health insurance policies with deductibles and multi-year premium discounts can cushion the premium hike impact, but coverage will not be comprehensive.​

  • Tuesday, April 19, 2022
    Life insurers’ new business premium income rises 13% in FY22

    The new business premium, or the first-year premium, of 23 private sector life insurance companies, posted a 22.74% Y-o-Y growth to Rs 115,503.12 crore for 2021-22, while IPO-bound LIC registered a 7.92% Y-o-Y increase to Rs 198,759.85 crore.

  • Monday, April 18, 2022
    Health Insurance: Up to 26% of reimbursement claim amount gets deducted by insurers – Findings

    As regards the cost and duration of hospitalization, the survey said that maternity and chemotherapy have the highest per-day hospitalization costs.

  • Monday, April 18, 2022
    New biz premium income of life insurance companies up 13% at Rs 3.14 lakh crore in FY22

    Soon-to-be listed public sector insurance behemoth LIC registered about 8% growth in its new business premium income at Rs 1,98,759.85 crore in 2021-22, against Rs 1,84,174.57 crore in the previous fiscal, as per the data shown by Irdai.

  • Tuesday, April 12, 2022
    Corona Health Insurance: Last date to buy or renew Corona Kavach, Corona Rakshak Policies extended

    IRDAI has recently extended the timelines for the sale and renewal of short term Covid specific health insurance policies.

  • Tuesday, April 12, 2022
    Maternity insurance: Report reveals how maternity is under-insured by corporates in India

    The report said that maternity is an optional benefit and many organizations do not opt for it due to employee demographics and cost.

  • Tuesday, April 12, 2022
    Digitisation is okay, but majority of insured persons want hard copy of their policy

    Unlike life insurance, the premium of health insurance not only changes with the age of the insured person(s) but also increases every few years with the increase in the cost of treatment.


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