Scheduled for January this year, Bima Sugam, an online insurance platform for people living in remote and rural areas, will be launched soon. This was stated by Debasish Panda, the chairman of the Insurance Regulatory and Development Authority of Ind...
The growth of life insurance sector in South Korea will be 5.6% between 2023 and 2027. The volume of premiums collected will increase from $154.2 billion in 2023 to $191.2 billion in 2027, according to a study by analytics company GlobalData....
Over the six months since the year beginning, the total premium return of Vietnamese insurers has reduced by 5% to 112.7 trillion dong ($4.7 billion). The online resource UkrStrakhovanie learned this from the Insurance Association of Vietnam report....
India's Central Board of Direct Taxes (CBDT) published updated taxation rules for high yield life insurance policies. Now, any amount received under a life insurance policy with an annual premium of more than 500,000 Indian rupees will be taxed....
One of the largest life insurance companies in India LIC generates over 96% of sales through its agents. Thus, the growth of premiums from bancassurance amounted to 26.25% in 2022 and 2023, writes Telegraph India....
Vietnam remains a key life insurance market in Asia, VIETNAMPLUS reports citing the Insurance Association of Vietnam....
A new Swiss Re Institute report provides an analytical evaluation of China's life and health insurance (L&H) market, which is “growing and offering many more diversified insurance products.”...
Tokio Marine, the largest property and casualty insurance group in Japan, is moving its services and operations into the metaverse....
High hedging costs and weakening of the yen have forced Japanese life insurers to invest in local government bonds, writes Asianinvester....
Insurance is becoming more and more popular. But is it enough to financially secure only yourself or the family breadwinner? Children are the most precious thing we have, and their safety always comes first. And with their never-ending activity, ther...
In the field of life insurance, India ranks tenth in the world. India's share was 2.73% of the global life insurance market in 2021. Life insurance premium in India increased by 9.63% compared to the previous year, while the global market grew by onl...
The Chinese life insurance market will be growing by an average of 6.3% per year. It will reach $665.6 billion by 2026. GlobalData came to this conclusion....
Compared with the Asian countries, India is characterized by the most modest indicators of the domestic savings system development. Banks and insurance companies predominate among financial institutions....
The Indian market is of interest to leading insurance companies, including the British Aviva, which has increased its stake in the joint venture Aviva Life Insurance Company India Limited (ALICIL)....
Most life insurance policies are purchased by Indians for investment purposes. Term life insurance is also popular, but such premiums provide only a one-time payment, writes Outlook India Magazine....
Thailand's largest insurance company Thai Life Insurance Co. is planning to raise more than $1 billion in initial public offering on the stock exchange in Bangkok, which may become the largest IPO in the country this year....
Life insurance is cheaper for women than for men in India. According to statistics, female life expectancy is about 5-7 years longer. Thus, insurance rates for women are slightly lower than for men, as they can save longer spending little money from ...
The head of the China Securities Regulatory Commission (CSRC) urged institutional investors to invest more in stocks to limit short-term market fluctuations and contribute to economic restructuring. According to the official, the Chinese economy “r...
The Insurance Council of New Zealand (ICNZ) put forward new regulatory requirements for life insurers, writes Insurance Business....
Life insurance is becoming an interesting financial tool: more people are thinking about maintaining high living standards in retirement. Pune Mirror talks about life insurance in India....
