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.
life insurance
March 2022
January 2022
December 2021
June 2021
February 2021
April 2020
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.
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.
The resilience of the insurance industry
The path to recovery may not be an easy one, but the industry will continue to play a pivotal role in getting the nation back on its feet.
Budget booster for insurance sector
The Budget proposes to raise the 49% cap on foreign direct investment (FDI) in insurance companies to 74%, with governance and management safeguards.
‘Digital is the new reality for life insurance’
The MD & CEO of Bajaj Allianz Life Insurance Company says the industry saw new business fall 32% in March as a result of Covid-19.
