Two Insurers Announce Investment In Bima Sugam

New India Assurance and Niva Bupa have invested in the Bima Sugam India Federation. IMAGE: Debasish Panda, chairman, Irdai. Photograph: ANI Photo The suspense as to the amount raised and the list......

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......