On an annualised premium equivalent basis, LIC reported a 30% YoY increase in business for November 2022. However, much of this growth comes from the group insurance segment as LIC’s retail market share is on a downhill
Insurance regulator Irda‘s continuing campaign to curb misselling of insurance products has caught web aggregators in its cross-hairs. The regulator has proposed stricter rules that these websites which compile and provide information on policies of various insurance companies must adhere to, reports CNBC-TV18‘s Manasvi Ghelani.
Insurance regulator IRDA today came out with guidelines allowing life insurance companies, which have been in business for over 10 years, to raise funds from the public through IPOs.