#life-insurance
Can banks recover loans from life insurance payouts? Allahabad HC weighs in
SC on SBI loan recovery: Allahabad HC asked SBI to refund ₹17.29 lakh deducted from a widow's account to recover her deceased husband's loan, saying the bank was prima facie not entitled to recover it from insurance proceeds
IndiaFirst plans to raise Rs 250 cr in subordinated debt
IndiaFirst Life Insurance plans to raise ₹150-250 crore through subordinated debt. BNP Paribas Cardif will acquire Warburg Pincus' stake in the insurer. The company's initial public offering plans have been deferred, not abandoned. Its agency channel is ex…
LIC Q1 profit surges 23% on growth in value of new business
Life Insurance Corporation of India reported a twenty-three percent net profit rise. Value of new business jumped sixty-one percent, boosting profitability margins significantly. Diversification into non-participating savings and protection products aided thi…
India insurers seek doubling of tax-free limit for some products to boost inflows, sources say
Indian life insurers are asking the government to double the tax-free limit for insurance policies. This move aims to increase money flowing into these funds. Inflows have slowed down since new tax limits were introduced in February 2023. Higher inflows would…
LIC introduces New Jeevan Sathi joint life plans: Check features, guaranteed additions and benefits
LIC new plans 2026: Life Insurance Corporation of India has launched two new joint life insurance savings plans, LIC’s New Jeevan Sathi Single Premium and LIC’s New Jeevan Sathi Limited Premium. These non-par, non-market linked plans offer couples financial p…
Canara HSBC Life Insurance Declares ₹271 Crore Bonus for FY2025-26, Marking Continued Value Delivery to Policyholders
Canara HSBC Life Insurance Declares ₹271 Crore Bonus for FY2025-26, Marking Continued Value Delivery to Policyholders
Missed life insurance premium payments? Know when your policy may lapse and revival rules
Life insurance provides financial protection for policyholders' families upon their death. Premiums can be paid regularly or as a lump sum. Here's when your policy lapses and ways to revive it among other details.
PMJJBY: The silent social security revolution
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a one-year term assurance scheme providing a life cover of ₹2 lakh to bank account holders within the age group of 18 to 50 years
Tax benefit removal under new tax regime hits life insurance sales: Deepak Parekh
The change is linked to the introduction and expansion of the new tax regime, which became the default option from April 1, 2023