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Don't sell Ulips as investment products: Irdai to insurance companies

The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurance companies not to advertise unit-linked plans as investment products in a recent circular. Illustration:......

Listed private life insurers' FY24 margins fell on rise in Ulip share

All the four listed private life insurance companies recorded a drop in value of new business (VNB) margin in the financial year 2023-24 (FY24) as compared to FY23. Illustration: Uttam......

Max Life plans to hire 30K agents, open up to 100 offices in FY25

Max Life Insurance plans to hire 30,000 agents and open 50 to 100 new offices in the financial year 2024-25 (FY25) to drive premium growth, said Prashant Tripathy, managing director and chief......

Base effect to hit life insurers' March biz

New business premium (NBP) growth of life insurers in March is expected to be weak owing to the high base effect in the year-ago period due to revision in taxation norms for high-value policies,......

Private players see 6% rise in benefits paid to Rs 1.57 trillion in FY23

The total benefits paid by private life insurance companies to policyholders rose by 5.98 per cent to Rs 1.57 trillion during 2022-23. Illustration: Uttam Ghosh/Rediff.com This figure stood at Rs......

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