Shriram Life Insurance Q2 gross premium increases 29%, net profit declines marginally
Shriram Life Insurance reported a more than 29% increase in gross premium to ₹745 crore (from ₹576 crore in the year earlier period) for the September quarter.

Bajaj Allianz Life to hire at least 50,000 agents this fiscal: CEO Chugh
New Delhi: Bajaj Allianz Life Insurance Company Ltd (BALIC), a leading private life insurer, aims to add atleast 50,000 agents (on net basis) this fiscal as part of its overall efforts to ramp up its distribution network, Tarun Chugh, Managing Director and CEO, has said.

Life insurers’ new business premium to grow 9-12% in FY24: ICRA
Mumbai: Life insurance industry’s new business premium (NBP) is expected to grow 9-12 per cent in FY24 to ₹4.06-4.14-lakh crore, and by 11-13 per cent to ₹4.49-4.66-lakh crore in FY25, up from ₹3.71-lakh crore in FY23, according to ICRA.

LIC’s Q2 earnings seen muted on decline in VNB margins
Mumbai: Life Insurance Corporation (LIC) of India is expected to post muted results for Q2 FY24 owing to compression in VNB (value of new business) margins across the sector on the back of decline in the share of high-margin non-participatory products. However, overall premium growth is expected to remain steady led by a broad-based growth, especially in protection, retail, and annuity products. 

LIC posts highest ever half-year PAT of ₹17,469 crore
Life Insurance Corporation (LIC) of India posted a net profit of ₹17,469 crore for H1 FY24, the insurer’s highest ever half-yearly profit, largely on account of transfer of ₹13,768 crore,  pertaining to accretion on available solvency margin, from non-participating policyholders’ fund to shareholders’ account.

LIC Q2 Results: PAT slumps 50% YoY to Rs 7,925 crore, net premium income drops 19%

Mumbai - Life Insurance Corporation of India (LIC) on Friday reported an over 50% year-on-year (YoY) fall in net profit for the quarter ended September 2023 to Rs 7,925 crore.

LIC reports highest-ever Half Yearly Profit After Tax at Rs 17,469 crore
 

Why buying insurance for electric vehicles can be tricky
Electric vehicles or EVs are becoming ubiquitous on Indian roads. From being 1 per cent of all sales in 2019, Electric battery-operated vehicles now account for 6 per cent of sales. That is a rapid growth — from around 2 lakh unit sales in 2019 to 13 lakh units sold in 2023 so far. Before the festive season closes, we can expect the ‘noiseless buzz’ of electric vehicles increasing on road.

Delhi air: 50% surge in health insurance inquiries, most pick Rs 1 cr cover
India ranks eighth among the 10 most polluted countries in the world. Air pollution is believed to be responsible for an estimated 7 million deaths each year, according to the World Air Quality Index Report 2023.
 

EPFO: Govt begins crediting 8.15% interest into PF accounts; here's how to check via UMANG app, SMS, online
The Employees' Provident Fund Organisation has begun crediting the interest to the individual Provident Fund (PF) accounts on Dhanteras, the government agency announced in an official statement. 

Diwali special: five ways to be a smart mutual fund investor
Many mutual fund investors are constantly searching for a secret formula or investment options that will make them super wealthy. Sadly, many of them really get into risky or unsuitable investments that often rob them of a chance to create wealth. That’s why ETMutualFunds believe investors should focus on small things that can make a big difference.

Dividend yields funds: Know their portfolio, returns and risks
Domestic stock markets have been volatile over the past month, with concerns regarding rising bond yields and the impact of the Israel-Hamas war on crude oil prices. Typically, dividend yield funds, due to their safe-haven appeal, gain relevance during such uncertain times. In India’s mutual fund market (MF mart), the dividend yield fund category comprises nine funds with a total AUM of about ₹18,500 crore. These funds are marketed as investments that target companies with stable business models and can limit drawdowns during challenging market conditions. Here, we provide details on fund strategies, allocations, and performance over the last one- and three-year periods.

Use price corrections to add more gold to your portfolio, Ghazal Jain of Quantum Mutual Fund
As one looks back on an eventful Samvat 2079, it is evident that a gold allocation has benefited investors. With returns on gold mutual funds as of October-end close to 20% y-o-y, many of us might have missed the gold rally. But don’t let that dampen the Diwali spirit. Prospects for gold are looking good in the long term, giving you more reason than just the festivities to invest in the precious metal.

Gold ETFs add more glitter this Dhanteras!
Indians have always had a rush for gold, which only gets stronger during Dhanteras, as they consider buying the yellow metal on Diwali day auspicious. The glitter of the physical gold apart, even products such as gold ETFs, gold mutual funds and sovereign gold bonds (SGBs) are shining bright these days, each with its own pros and cons.

India bond yields inch up before debt sale, US peers rebound
Indian government bond yields moved higher in early trade on Friday as traders geared up for a fresh debt sale, while a bounce back in U.S. Treasury yields also weighed on sentiment.

FY24’s first sovereign green bond issuance sails through

Under non-competitive bidding, five investors put in bids aggregating ₹12.023 crore. RBI accepted all bids.

NHAI accepts first insurance surety bond as bid security