High-value insurance policies in the slow lane after tax overhaul

High-value insurance policies experienced muted growth in the first six months of the current financial year after the Centre decided to tax such products in this year’s Budget.......

'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......

'ICICI Pru's focus is on value of new business growth'

'If through growth and serving the customer we become number one, we will be very happy and very proud.' Illustration: Uttam Ghosh/Rediff.com Anup Bagchi, who took charge as managing director and......

LIC's knock-on effect: New business premium of insurers drops 12%

Contrary to expectations, the new business premium (NBP) of life insurance companies dropped 12.62 per cent year-on-year (YoY) in March 2023 due to an over 30 per cent drop in Life Insurance......