Global Private Placement Life Insurance (PPLI) Market by Current Industry Status

Privately placed life insurance (PPLI) is generally structured and described as a variable universal life insurance policy. In PPLI, premiums are flexible. The holders of insurance policy can pay any amount of their choice as premium at the time of their ease. From the cash value in the policy su...

EX-IRDAI CHAIRMAN SEES SCOPE OF INDIAN INSURANCE SECTOR TRANSFORMATION

HIGHLIGHTS

• Former IRDAI Chairman Subhash Chandra Khuntia believes that Indian insurance sector on the cusp of a transformation.
• Mr. Khuntia believes that demography of India, relatively low insurance penetration, and the potential for high economic gr...

DELHI HC REFUSES TO STAY MEDICLAIM PREMIUM CIRCULAR

HIGHLIGHTS

• Delhi HC has refused to stay circular on Mediclaim Premium Circular from GIPSA.
• Next hearing will be on 19 AUG 2021.

In FEB 2021, a circular from General Insurance Public Sector Association (GIPSA) was issued which was to ...

AUSTRALIA’S INSURANCE REGULATOR PROPOSED EXPOSURE LIMITS OF LIFE INSURERS TO OFFSHORE REINSURERS

Highlights:

• The insurance regulatory body of Australia proposed exposure limits of the life insurers to the offshore re-insurers
• The APRA said that, it had been starting a consultation period for setting a standard
• The APRA is also planning...

POLICYBAZAAR RAISES USD 75 MILLION

HIGHLIGHTS

• Policybazaar has raised US $ 75 million.
• SoftBank backs Policybazaar.
• Policybazaar is planning to expand its presence in UAE and Middle East.

Planning to expand its presence in UAE and Middle East, Indian insura...

NGO REVEALS JAPANESE LIFE INSURERS DO NOT EXTEND LOANS TO NUCLEAR WEAPON COMPANIES

Highlights –

• NGO reveals Japanese life insurers do not extend loans to nuclear weapon companies.
• Four major Japanese life insurers do not invest or give out loans to producers of such companies.
• Nippon Life Insurance Co., Dai-ichi Lif...

SAMSUNG AFFILIATES REJOINDER TO GO GREEN AND ABJURE COAL-POWER BUSINESSES

• Financial subsidiaries of South Korea’s largest multinational Samsung Group announced Thursday that they would put an end to investment projects linked to coal-power businesses as part of their goal to run operations in an environmentally mature and responsible manner.
• Sa...

SAMSUNG SHARES SOAR WITH LOOMING HEIR APPARENT ISSUE FOLLOWING GROUP LEADER’S DEATH

• Shares in Samsung Group's key subsidiaries ranked higher Monday on expectations that they may trade with more dividend payouts to help the late Samsung chief's offspring secure funds to pay record high inheritance taxes.
• Samsung Group chief Lee Kun-hee passed away Sunda...

SURVEY REPORTS HALF PEOPLE IN JAPAN FEEL HEALTHIER NOW DUE TO COVID-19 OUTBREAK

Highlights –

• Survey reports half people in Japan feel healthier now due to COVID-19 outbreak.
• The survey was done by a private establishment.
• Around 5,640 had responded to the survey.
• People have mentioned having had impro...

HANWHA ASSET MANAGEMENT TO RECAPITALIZE BY SELLING NEW SHARES

Highlights –

• Asset Management Company allocate new shares to its parent unit
• Hanwha Life Insurance rose 0.93 percent
• The asset management company is planning for global expansion

South Korea’s Hanwha Asset Man...

Why are women being missed out by the insurance companies?

When a country is visionary and has a generally modern mindset then great personalities and leaderships rise from that nation. When a country understands the meaning of women empowerment and equal rights of women then it can pursue excellence in every field of life. Women are no less than men if ...

Airtel proposes prepaid plan worth Rs 179 beside life insurance worth Rs 2 lakh

There are certain products that people do not know. The general public is not aware of the benefits that these particular products have for them. They are made to realize their importance and significance in life. Such a product is Insurance. Insurance could be of anything. There are insurances a...

Life insurance for NRI: Could non-resident Indians obtain life insurance in India?

In the sense of Indian lives, life insurance remains one of the most popular and prevalent financial services that people participate in. And the best part is that it's not just Indians residing in India who see the need to invest in life insurance. Indians well established in foreign lands o...

Life insurance companies embraced technology and launched creative online products in 2019

Life insurance companies concentrated on security strategies embraced technology and launched creative online products in 2019. The regulator has also concentrated on the welfare of policyholders, which has helped both consumers and industry.

New Business Premium—...

Life coverage Council dispatches an across the country protection mindfulness battle

The Life Insurance Council has declared the dispatch of the Indian protection industry's first joint mindfulness battle titled "Sabse Pehle Life Insurance", focusing on the requirement for life coverage. The crusade is being propelled through a 360-degree approach with the utilizati...

Economic slowdown expected to weigh on the banking system

The economic slowdown is expected to weigh on the banking system's credit offtake, but the brokerage firm BNP Paribas says the sector should rebound in India due to lower fund rates, production efficiencies and lower taxes.

The brokerage said improved operating productivity generate...

3 Indian companies Bharti Axa, Kotak Life, Jhunjhunwala' s RARE struggling and competing with each other to get IDBI Federal Life Insurance

New Delhi | Mumbai: Bharti Axa Life Coverage, Kotak Life Insurance, Rakesh Jhunjhunwala’s RARE Enterprises, and Kedaara Capital have given a proposal for a supervisory share in IDBI Federal Life Insurance, which again has been blocked this year, as mentioned by the individuals well known of...

NCLT orders Aviva Insurance insolvency proceedings

In a case filed by Apeejay Trust, the National Company Law Tribunal ordered insolvency proceedings against Aviva Life Insurance.

A two-member NCLT Delhi bench consisting of Justice R D Khare and Sumita Purkayastha allowed the complaint against Aviva Life Insurance and also named a quali...

A new page in Nippon Insurance's history

After becoming a sole promoter of Reliance Nippon Life Asset Management, Nippon Life Insurance of Japan is open to more acquisitions in the domestic mutual fund industry. Minoru Kimura, Executive Officer, head of Asia Pacific, Nippon Life Insurance, said: "If there is a good opportunity to e...