SBI Life to take over liabilities of Sahara India Life Insurance: Irdai

Regulator Irdai on Friday directed SBI Life Insurance Company to takeover the policy liabilities of around two lakh policies along with assets of Sahara India Life Insurance Co Ltd (SILIC) with......

Life insurers' new biz premium down 17% in Feb, LIC collections shrink 32%

Life insurance companies  reported a 17 per cent year-on-year (YoY) drop in new business premium (NBP) in February as state-owned Life Insurance Corporation of India’s premiums......

Pvt life insurers yet to break even

Private life insurers have entered into their eighth year of operations in the country but they are yet to generate profits. Usually, insurers globally take six-seven years to break even, or turn......

'Huge demand for life insurance products in India'

'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.' Photograph: Kind courtesy LIC......