Child-free couples need bigger retirement corpus
Many child-free couples believe they need a smaller retirement nest egg because they have no children to raise. But experts say this assumption can be dangerous. Without adult children to step in…
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J&K consumer commission raps Tata AIG, Bajaj Allianz for unfair claim repudiation
The Jammu & Kashmir State Consumer Disputes Redressal Commission has held Tata AIG General Insurance guilty of deficiency in service for repudiating fire insurance claims by treating standard Kashmiri buildings with wooden…
55% of Indian employees can’t cover expenses if they lose job
A new Finsafe India report finds that 55% of working professionals are not financially prepared to meet expenses if they lose their job, up from 51% last year. The survey of 4,532…
LIC pays ₹12,207.25 crore dividend to government
State-owned Life Insurance Corporation of India (LIC) paid a dividend of ₹12,207.25 crore to the central government on Wednesday, according to The Hindu. CEO and MD R. Doraiswamy handed the cheque to…
LIC culls low-productivity agents, shifts to high-value policies
Life Insurance Corporation of India is pruning low-productivity agents and pivoting to larger policies, a strategy aimed at boosting profitability and persistency. ET BFSI reports agency headcount fell in the June quarter…
Bengaluru woman bedridden after crash, seeks Rs 20 lakh from Rapido
Sani Krishna, a 32-year-old interior designer in Bengaluru, has sent a legal notice to bike taxi aggregator Rapido after a crash on June 17 left her bedridden for two months. The bike…
Parliamentary panel tells IRDAI to fast-track risk-based capital
A parliamentary committee has recommended that IRDAI fast-track the risk-based capital framework, according to The Hindu Business Line. The Committee on Public Undertakings, in a report tabled on August 6, also urged…
LIC shares climb 1.66% after Q1 profit jumps 23%
LIC shares closed 1.66% higher at ₹394 on the NSE on Friday, a day after the state-owned insurer reported a 23% rise in June-quarter net profit to ₹13,492 crore. Net premium income…
LIC’s VNB jumps 61%, but valuation limits investor appeal
LIC’s value of new business rose 61% in the first quarter, driving a 750-basis-point year-on-year increase in its VNB margin to 22.9%, Livemint reports. Annualised premium equivalent grew 8% to Rs 13,692…
J&K Bank to offer SBI Life products across 1,000 branches
J&K Bank has entered a corporate agency partnership with SBI Life Insurance, making the insurer’s products available through the bank’s network of more than 1,000 branches. The offering will cover protection, savings,…
