Insurance Sector News
LIC share price drops 3.5% as November premiums decline 27% YoY
LIC share price fell by 3.5% during Tuesday’s trading, with premiums in November dropping by 27% year-on-year. Despite an overall rise in premiums for FY25, total and retail APE decreased by 19% and 12%, respectively. The stock’s critical resistance remains at 1,000.
1 min read10 Dec 2024LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said
LIC clarified that it is exploring various strategic opportunities, including in health insurance, but currently no material information requires disclosure regarding a potential 50% stake acquisition in ManipalCigna Health Insurance.
1 min read28 Nov 2024New insurance surrender value rules to come into effect on April 1. Details here
The surrender values for life insurance policies will see a decline when policies are surrendered within the first three year, as per the newly released guideline.
1 min read27 Mar 2024International Women’s Day 2024: Often pushed myself out of my comfort zone, says Shanai Ghosh of Zuno Insurance
If you truly have an inclusive environment, diversity needn’t be the goal but it will come through on its own.
7 min read7 Mar 2024Insurance companies to provide comprehensive policy feature details from January 1: Report
IRDAI has updated the current customer information sheet to present essential information about the purchased policy in a more easily comprehensible manner.
1 min read31 Oct 2023The cost of medical inflation: How much health cover should you buy?
It is better to have a comprehensive health cover with super top-ups to meet rising hospitalization expenses.
7 min read27 Jun 2023What should you do if insurers refuse to resolve your claim?
You should avoid dealing with the insurer representative who is asking for reinvestment, as they are likely an insurance agent or sales manager.
2 min read4 May 2023Insurance stocks today: GIC share jumps 9%, LIC shares rise 3%; why are insurance stocks rising? Should you bet on them?
Some of the insurance companies have posted decent March quarter earnings which appears to have a positive rub-off on other sectoral peersS
3 min read4 May 2023Can any claims for minor vehicle repairs offset hike in premium?
If there are substantial damages, you should file a claim. But if these are minor, you should weigh the cost of repair against the increase in renewal premium of your car insurance.
1 min read19 Apr 2023What you need to know before opting for home insurance
You should be aware of any limitations or exclusions to the coverage and any applicable deductibles
1 min read20 Apr 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared