Life Insurance Data Premiums Rise 14% In July
The life insurance industry reported a 14.2% year-on-year rise in premiums, reaching Rs 31,823 crore in July, compared to Rs 27,867 crore in the same month last year. During the same period, the number of policies and schemes grew by nearly 3%, totalling 23,88,720.
Life Insurance Corp. Of India
LIC's total premium increased by 19.8% year-on-year, reaching Rs 18,430 crore in July. The individual single premium saw an even higher growth rate, rising by 39% to Rs 2,767 crore, compared to Rs 1,992 crore in the same month last year.
Additionally, the number of policies and schemes issued by LIC grew significantly by 35.5% year-on-year, with 1,05,553 policies in July compared to 77,857 in the same month last year.
SBI Life
SBI Life Insurance Co. reported a total premium of Rs 2,996 crore in July, which is a 26.3% decline year-on-year, compared to Rs 4,067 crore in the same month last year. The group single premium saw a drop of 69% year-on-year, falling to Rs 638 crore in July from Rs 2,057 crore in the same month last year.
HDFC Life
HDFC Life Insurance Co. demonstrated solid performance with a significant increase in premiums, at Rs 2,699 crore, an increase of 33.8% year-on-year. This compares to Rs 2,017 crore in the same month last year.
The insurer saw its individual non-single premium rise by 61% year-on-year in July, reaching Rs 1,038 crore, compared to Rs 645 crore in the same month last year.
The insurer's number of policies and schemes grew by nearly 25% year-on-year at 3,61,634 in July, against 2,89,689 in the same month last year.
ICICI Prudential
ICICI Prudential Life Insurance's premiums rose 7.3% year-on-year to Rs 1,760 crore. The insurer's individual non-single premium increased 42% year-on-year in July, reaching Rs 663 crore compared to Rs 467 crore in the same month last year.
Bajaj Allianz
Bajaj Allianz General Insurance Co.'s total premium rose 60.5% year-on-year to Rs 1,196 crore.
Its group single premium rose by nearly 102% year-on-year in July, reaching Rs 446 crore, compared to Rs 221 crore in the same month last year.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
