LIC listing: Stock fall 8% after historic IPO; investors lose ₹46,000 cr
LIC shares ended at ₹875.45 compared with the IPO price of ₹949, eroding around ₹46,000 crore in investor wealth.
insurance
May 2022
March 2022
February 2022
January 2022
December 2021
The highs and lows in Aegon Life's reinvention
Aegon Life Insurance is now unraveling its tech-enabled journey from the next quarter, adding more digital partners, amassing more business.
73% insurance buyers prefer human agents over buying digitally
66% individuals are not comfortable purchasing health or term insurance digitally, through a website or mobile application.
LIC IPO: DRHP next week, issue in March
LIC is likely to launch its IPO in March this year and it is expected to file its draft red herring prospectus (DRHP) with the market regulator by next week.
5 marketplaces in Bajaj Fin's digital push
BFL is developing five marketplaces -- EMI store, insurance, investment, health and broking app -- on the digital platform.
Best performing insurers
Covid-19 has managed to boost the awareness and penetration of insurance, giving a leg-up to the industry.
Buy life cover of 10 times annual income
Liabilities and major expenses cannot be ignored while planning for financial emergencies. Inflation impacts quality of living with time.
Insurance sector seeks higher tax deduction u/s 80C, 80D
Currently, all financial purchases are clubbed under the same section 80C for deduction under the income tax, capped at ₹1,50,000.
Term insurance price rise! 10-yr delay can cost 78% more premium
As compared to Q1 2021, the average term insurance prices have risen by 9.75% in the term index value in the quarter under consideration.
Life insurance death claims shoot 41%, up 3.5x in 2021
The life insurance industry is likely to post a 200-300% increase in claims this year, hurting the profitability of most insurers.
