In 2001 when Twin Towers collapsed in New York due to a terrorist attack, it resulted into a huge insurance claim. The reinsurer who...

The Insurance Regulator (IRDAI) has recently amended the regulation on payment of commission to Insurance Agents and other...

Thanks to the congenial atmosphere created for starting an insurance company in Indian market, we see a lot of activity from potential...

Information is not knowledge. The only source of knowledge is experience. You need experience to gain wisdom. - Albert Einstein In these...

Of late, there is renewed interest among the companies aspiring to enter insurance industry. Its probably the best time to enter the...

Its heartening to see a statement from the New Chairman of IRDAI about seeking to remove the entry cap of Rs 100 Crore for new entrants...

COVID19 has a long term impact on our lives and economy. The objective of this article is to discuss the impact on life insurance industry

Obviously, I am not the first to tell you that starting your own venture is exciting but not easy. Everyone knows this. But experiencing...

In my previous article I mentioned about the massive shift the new standard is going to bring to the business. Why Life Insurance...

I was on a flight last week and the person sitting next to me was a very friendly guy. We instantly started chatting. He was telling...

What is IRFS17/Ind AS117? IRFS17/Ind AS117 is a new accounting standard applicable for insurance industry and will be implemented across...

The core activity of an Actuary is: 1. Number crunching 2. Assumption setting But this will no longer be the case, in the world of...

Most of the life insurance policyholders in India hold a savings plan with negligible protection component. Those who know the importance...

Hesitation to discuss death and the consequences In India, life insurance policy is mainly sold as a savings instrument. This is probably...

Is Agency Channel viable? For Life Insurance business, Agency channel is supposed to be the backbone. For decades, LIC of India is...

Valuation of a life insurance company is complicated. The business is of long term. The profits are realized gradually over the term of a...

In any business, you either chase top-line or bottom-line. But in life insurance business, you shouldn’t chase both of them. Why...

The big problem of poor families The benefits of micro insurance are often underestimated. It is normal for the poor families to take...

We normally look for lowest premium while buying insurance, especially online. Even if we buy offline, many do a lot of online research...

Recently, a life insurance company announced losses due to creation of a 200 Crore reserve for guarantees (as per their press statement)....