Extrapolating the lapse ratio to fiscal year nos indicate that premium worth over Rs 5,000 cr has lapsed for LIC.

ET Wealth looked under the hood of 10 such traditional plans and found that the average return in them was barely 4.8 per cent.

In view of the floods in Chennai, Punjab National Bank (PNB) today said it has waived off charges for using ATM network of other banks.

A report by Milliman noted that the joint venture structure is a stumbling block for partners to arrive at a consensus on valuation.

A lapsed cover can be revived by the policyholder during the period allowed by insurer before its maturity.

LIC Nomura MF has announced Auto Premium Payment System (APPS) in collaboration with LIC of India to ensure the timely payment of LIC insur...

A lapsed cover can be revived by the policyholder during the period allowed by insurer before its maturity.

The base effect pertains to high inflation numbers a year ago, which makes even a high increase in the price index now appear much lesser.

According to a study by Goldman Sachs, insurance companies have either been reporting strong profit numbers or smaller losses due to increa...

The life insurance industry is on the cusp of a radical change, and if it wants to survive the new regulatory onslaught and turn profitable.

Every year, thousands of life insurance policies lapse. These could be for a variety of reasons.

Domestic life insurers may have to adopt a uniform definition for expiry of insurance policies to give more leeway to policyholders on prem...

Domestic life insurers may have to adopt a uniform definition for lapsation of insurance policies to give more leeway to policyholders on p...

Valuations of life insurers will become more transparent, with IRDA deciding to make public a study on lapse ratios of companies.

In a stock-taking meeting of life insurance companies recently, the insurance regulator has asked companies to concentrate on renewal of ex...

The Insurance Regulatory & Development Authority (IRDA) is likely to look at lowering first-year commissions paid by life insurance compani...

The LIC agents' demands like welfare fund, provident fund, pension and mediclaim would come up for discussion during their one-day South Zo...