Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
Life Insurance News
THE INSURANCE TIMES
|August 2025
LIC's Premium Collection Rises 3.31% in Q1FY26 to Rs. 59,410 Crore
-
Life Insurance Corporation of India reported a 3.31% year-on-year growth in total premium collection to Rs. 59,410 crore for the April-June 2025 quarter. Individual premium rose 5.34% to Rs. 12,503 crore, while group premium grew 2.93% to Rs. 46,907 crore.
Despite the increase in premium, policy issuance declined to 30.43 lakh from 35.72 lakh in the same period last year. LIC outperformed private life insurers in June with a 14.60% rise in individual premiums. However, group premium collections for June fell to Rs. 22,082 crore from Rs. 23,731 crore in the previous year.
Overall new business premium declined 3.43% to Rs. 27,395 crore in June 2025. The data suggests that while LIC continues to lead in market share, subdued policy issuance and lower group collections may warrant strategic realignment in its distribution and product mix.
Life Insurance Council Allocates Rs. 450 Crore for Awareness Campaign
The Life Insurance Council has announced a three-year nationwide awareness campaign, 'Sabse Pehle Life Insurance', committing Rs. 150-160 crore annually to enhance life insurance penetration. The Insurance Awareness Committee, comprising 27 insurers and led by Kamlesh Rao, aims to drive behavioural change and boost policy uptake through multimedia efforts.
The campaign follows a dip in life insurance penetration to 2.8% in FY24 from 3% in FY23, despite a 6.1% growth in total premiums to Rs. 8.29 trillion. The new campaign targets three critical segments: protection, annuity, and child savings plans. Advertising veteran Piyush Pandey will guide the initiative as creative mentor.
Regulatory support has also come from IRDAI Member (Life) Swaminathan Iyer, who emphasized the long-term commitment required for impactful change. The campaign, focusing on regional languages and digital-first strategies, comes amid rising concern over the protection gap, especially among individuals aged 18-35.
Dit verhaal komt uit de August 2025-editie van THE INSURANCE TIMES.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN THE INSURANCE TIMES
THE INSURANCE TIMES
Epigenetic Clocks as Predictors of Mortality: A New Tool for Life Insurance Risk Stratification
Numerous cohort studies have validated the utility of epigenetic clocks in predicting all-cause mortality. For instance, accelerated epigenetic aging, where biological age exceeds chronological age, has been consistently associated with increased mortality risk (Marioni et al., 2015).
5 mins
November 2025
THE INSURANCE TIMES
Life Insurance News
Life insurers cut distributor commissions to pass on GST relief to customers
7 mins
November 2025
THE INSURANCE TIMES
Insurance Regulator Update
Irdai's Deepak Sood calls for new distribution model to expand rural insurance reach
2 mins
November 2025
THE INSURANCE TIMES
Evaluating the Impact of the New Tax Regime on Motor Accident Compensation Awards
In India, compensation awarded under the Motor Vehicles Act majorly depends upon the income of the deceased (claimant- in case of injury), age and dependency. Since the compensation is calculated based on loss of income after the accident, it increases as the income rises.
4 mins
November 2025
THE INSURANCE TIMES
A Comprehensive Risk Management Framework for the Insurance Industry
In the insurance industry, risk is not merely a challenge to overcome; it is the very commodity we trade. Therefore, a robust and sophisticated risk management framework is not just a matter of good governance but a core strategic imperative. It is the bedrock upon which an insurer builds its solvency, ensures compliance with a complex regulatory landscape, and ultimately achieves sustainable, long-term growth.
13 mins
November 2025
THE INSURANCE TIMES
"The overall industry seems to have understood the need to change the attitude from selling what it has to what the customer needs. This realization has led to the development of add-ons and modular products which are quite flexible in nature."
About Mr. Lahiri - Mr. Samiran Lahiri is widely regarded as one of India's most accomplished insurance professionals and consultants, known for his strategic insight, deep technical acumen, and exemplary leadership across diverse domains of the insurance and financial services industry.
11 mins
November 2025
THE INSURANCE TIMES
Parametric Insurance - A Disruptive Model for Climate and Catastrophe Risk Management
Executive Summary - Traditional indemnity-based insurance models have long faced challenges in addressing the growing frequency and severity of natural disasters.
5 mins
November 2025
THE INSURANCE TIMES
Safety Perspectives - The Greatest Happiness of Greatest Number
The salvage dealer has many things to pay for, many expenses such as transportation, electricity, rent, employee salaries, machinery, and more. Hence, the salvage dealer would certainly offer a daily prayer: 'Dear God, please bless me with at least 50 salvage cases today and every day'. He wants 50 accident cases every day! There is no harm in his prayer. It is perfectly logical on his part to pray.
7 mins
November 2025
THE INSURANCE TIMES
Do's and Don'ts While Buying a Term Insurance Policy
Do’s (Things You Must Do)
4 mins
November 2025
THE INSURANCE TIMES
Newton's Law - Another interpretation of Proximate Cause
The fire policy we know doesn't cover any loss or damage occasioned by, through, or in consequence of, directly or indirectly, an earthquake, volcanic eruption, or other convulsions of nature. An earthquake is an excluded peril, but loss by theft is an uninsured peril( other than as provided in the RSMDT clause).
7 mins
November 2025
Listen
Translate
Change font size