Browsing: finance

New business premium fell sharply in February due to a decline in LIC performance. Private insurers showed muted growth.

A summary of recent financial news and developments reported by AK&M Information Agency.

The insurance industry is lobbying for a 12% GST rate on health and life insurance, arguing it strikes a balance. The government is considering full exemption.

Gracie Point Holdings, LLC, a provider of life insurance premium finance solutions, has announced the launch of GP Affluent Markets, an independent life insurance financing company. The new company will cater to the global affluent market.

Gracie Point Holdings has announced the launch of GP Affluent Markets, an independent life insurance financing company for affluent clients worldwide.

LIMRA’s data reveals a thriving annuity market in 2024, driven by favorable economic conditions and increased investor awareness.

Despite a slight dip in the fourth quarter, annuity sales reached record heights in 2024, marking the third straight year of impressive growth.

Zerodha co-founder Nithin Kamath shares his insights on the complexities of health and life insurance, highlighting issues with policy understanding and claim rejections.

Bank of America has warned some customers of a possible data breach that may have exposed sensitive personal and financial information due to a third-party vendor’s mishandling of documents.

Nippon Life Insurance is reportedly considering acquiring a minority stake in IndusInd Bank, a move that could potentially bolster the insurer’s distribution capabilities.