Health insurers may not go in for premium hike
‘IRDAI not in favour of such a move; the focus now is to clear claims’
by The Business Line Jun 10, 2021
Insurance industry to maintain steady growth momentum: Max Life
Our VNB has grown 39% and our APE has grown 19% --these are industry top numbers---said Prashant Tripathy, MD & CEO, Max Life Insurance.
by The Economic Times Jun 10, 2021
Non-life insurers' premium income rise 11.35% YoY in May to Rs 12,316 cr
Month-on-month, premium income declines 28.84% from April levels
by Business Standard Jun 10, 2021
Life insurers report 5.5% decline in new premiums in May
The degrowth was largely on the back of slow business by Life Insurance Corp of India (LIC) in the month, even as some private sector insurers such as HDFC Life, Max Life and India First reported strong growth in the month albeit a lower base.
by The Economic Times Jun 9, 2021
Covid-19 second wave hits life insurers’ business but outlook is better
Data from the regulator showed that retail business growth for private life insurers was 5% in May on an annualized premium equivalent (APE), while government-owned Life Insurance Corporation of India (LIC) showed a contraction of 22%
by Mint Jun 9, 2021
General Insurance industry to see cautious growth in FY22: Icra
The PSU entities were slower to adjust to an online mode of growth, which resulted in a 2% YoY decline while the private sector reported an 8% YoY increase in GDPI during the same period
by Mint Jun 9, 2021