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India tag returned 128 results

  • India: LIC launches agency transformation initiative

    India's top life insurer, Life Insurance Corporation of India (LIC) has partnered with strategy consultant A T Kearney to undertake an agency transformation project aimed at future-proofing its 1.4m agents to meet the rapidly evolving needs of customers.

    Date : 09 Jul 2024
  • India: Life Insurance industry records 14.8% growth in June quarter

    India's life insurance sector saw a 14.8% y-o-y increase in premiums in June 2024, reaching INR42,434 crore ($5bn), with significant improvements in both premium collections and policy issuances. The performance highlights a strong and growing demand for life insurance in India.

    Date : 14 Jul 2024
  • India: Shriram Life Insurance declares 35% higher bonus

    Shriram Life Insurance has declared a bonus of INR2.01 billion (US$24 million), up 35% from INR1.49 billion year-on-year (YoY) on the back of robust growth in premium income.

    Date : 11 Jun 2024
  • India: Bajaj Allianz Life Insurance unveils new campaign

    Bajaj Allianz Life has unveiled a compelling campaign aimed at addressing the fundamental issue of underinsurance.

    Date : 09 Jun 2024
  • India: IRDAI proposes less upfront commission for better surrender value and premium

    The Insurance Regulatory and Development Authority (IRDAI) has reportedly discussed with the CEOs of life insurance companies to do away with the high upfront commission of life insurance agents in the first year.

    Date : 22 May 2024
  • India: IRDAI removes age limits on health insurance purchase

    The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from 1 April 2024. Earlier, individuals were restricted to purchasing new insurance policies only until the age of 65.

    Date : 21 Apr 2024
  • India: Max Life Insurance grows assets under management

    Max Life Insurance Company (Max Life), a joint venture between Max Financial Services Limited and Axis Bank Limited, has announced that it has achieved INR1.5 trillion of assets under management (AUM) by the end of March. The firm has reportedly registered a 20% growth rate year-over-year.

    Date : 17 Apr 2024
  • India: 35% of CFP professionals should be women by 2030

    The Financial Planning Standards Board (FPSB) India is planning to increase the representation of women in the financial planning field to achieve a 35:65 ratio of women-to-men certified financial planners (CFPs) by 2030.

    Date : 16 Apr 2024
  • Japan's Nippon Life Insurance launches India subsidiary

    Japan's Nippon Life Insurance has established a new subsidiary in India to bolster its operations in the market, the company said recently. Nippon Life Asia Pacific, a unit based in Singapore, formed Nippon Life India as its direct subsidiary. The new unit will provide management support and market research for Nippon Life's affiliates in India. Until now, Nippon Life has done business in India through partially owned local entities. The life insurance division offers products to individuals and organizations while the asset management division deals in stocks, bonds and exchange-traded funds. The Indian operations had been overseen by Nippon Life's headquarters in Tokyo, but those functions are being transferred to the Singapore subsidiary starting this fiscal year. The new Indian subsidiary is intended to enhance collaboration with the group's local affiliates there and boost research capabilities, reported Nikkei Asia.

    Date : 14 Apr 2024
  • India: Customer satisfaction score of top 12 life insurance brands remains stagnant from 2023 to 2024

    Customer satisfaction has been a key aim for life insurance companies. However, the annual survey by Hansa Research, a market research company, called "Investor CuES" which measures customer satisfaction of the life insurance industry using a metric called 'Net Promoter Score' (NPS) shows stagnation in this important area in the last one year from 2023 to 2024.

    Date : 10 Apr 2024
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