life insurance

HDFC Life managing director and CEO, Vibha Padalkar, discussed with Shilpy Sinha the industry’s open architecture, protection growth after GST exemption, pricing pressures, margins, capital needs and investment priorities, while calling for regulatory stability. She said competition has driven innovation, but higher costs, weaker persistence and slow growth remain key challenges for the industry. Edited … Read more

ICICI Bank and Prudential Corp. Holdings have signed a letter of undertaking under which the UK insurer will temporarily give up board representation and abstain from voting on matters requiring special resolutions at ICICI Prudential Life Insurance while it pursues the acquisition of a controlling stake in Bharti Life Insurance, according to exchange filings on … Read more

Life insurance companies reported a robust 84.2% increase in first-year premium to ₹17,939.62 crore for April on the back of a good show by market leader, the Life Insurance Corporation of India. For LIC, the first-year premium rose 141.3% at ₹11,716.70 crore (₹4,856.76 crore), a development that is bound to bring cheer for the behemoth … Read more