Australian Superannuation Funds of Australia (AU SFB) and Life Insurance Company (LIC) have partnered to expand life insurance offerings.
AU Small Finance Bank (AU SFB), the largest small finance bank in India, has formed a strategic partnership with Life Insurance Corporation of India (LIC), the country’s largest life insurer. This collaboration is aimed at supporting the national vision of... LIC Revival Campaign: Reactivate Lapsed Policies: Rediff Moneynews
The Life Insurance Corporation of India (LIC) has launched a special campaign to revive lapsed policies, offering attractive concessions on late fees. The campaign, which will run from August 18 to October 17, 2025, aims to encourage policyholders to restore their... ICICI Securities has provided an analysis of the life insurance sector, focusing on key players such as HDFC Life, SBI Life, and ICICI Prudential Life.
Key observations include:
- Private sector market share gains: Private life insurers have been steadily gaining market share, with HDFC Life and ICICI Prudential Life being among the top gainers.
- Individual weighted received premium (WRP) growth: ICICI Prudential Life and SBI Life have shown strong growth in individual WRP, with ICICI Prudential Life outpacing the industry average.
- Protection business growth: HDFC Life and ICICI Prudential Life have reported significant growth in their protection business, driven by increasing demand for term insurance products.
- VNB margin expansion: SBI Life and ICICI Prudential Life have seen an expansion in their value of new business (VNB) margins, driven by improved product mixes and cost efficiencies.
- Investment income: All three insurers have reported strong investment income, driven by a rising interest rate environment and higher yields on their investment portfolios.
The analysis highlights the strengths and weaknesses of each insurer, with HDFC Life and ICICI Prudential Life expected to maintain their growth momentum, while SBI Life is expected to gain traction in the protection business and VNB margin expansion.
The life insurance industry in India has experienced strong growth in the first four months of the fiscal year 2026, according to a report by ICICI Securities. The industry’s annual premium equivalent (APE) has increased by 13.7% year-on-year, while the sum... Life insurance companies are increasing the value of their policies to help ensure policyholders’ coverage remains viable and ongoing.
Life insurance companies in India, including Life Insurance Corporation of India (LIC), HDFC Life, and SBI Life, are increasing the minimum and average value of policies to improve persistency and reduce lapses. Persistency refers to the percentage of policies still...