&w=3840&q=100)
13th-month persistency rate of life insurance companies sees a fall in Q1
Mumbai
Listen to This Article
The 13th-month persistency rate of life insurers — an important metric indicating the retention of new policies — declined in the first quarter of 2025-26 (Q1FY26). This fall was primarily driven by a lower share of high-value policies, following taxation changes implemented in April 2023.
In February 2023, the government decided to tax income from traditional insurance policies, other than unit-linked products (ULIPs), having premiums above ₹5 lakh in a year to plug the arbitrage.
High-net-worth individuals (HNIs) were using this to get tax-free returns on their high-value insurance policies through Section 10(10D).
Under Section 10 (10D), individuals can avail
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
a day ago
- Hindustan Times
Noida to cancel plot allotments if illegal constructions persist
The Noida authority on Sunday said that it has decided to cancel allotment of plots whose owners failed to remove unauthorised constructions despite repeated warnings and reminders. At the review meeting, the Noida CEO also ordered completion of the Bhangel Elevated Road and drainage works, smooth approach roads, and rainwater harvesting by next week. (Sunil Ghosh/HT archives) The authority's chief executive officer (CEO) Lokesh M took the decision on Friday while presiding over a review meeting, said officials. All departments have been instructed to compile and maintain records of notices issued under Section 10 for encroachments in buildings across Noida and to monitor compliance regularly, they said. If Section 10 notice is issued against a property, the owner cannot sell it until this notice is removed. To be sure, Section 10 notice means the owner has violated the terms of the lease deed, and thus it will have to face the consequences including cancellation of the allotment, penalty and the property will become ineligible for mortgage. It means the owner of the property can not seek a bank loan if this notice is issued against a property. The authority's additional chief executive officer has been asked to examine notices issued in the last two years and, where allottees did not comply, to reissue the Section 10 notice. 'If non-compliance continues, the allotment of the said plots will be cancelled. We have also directed that in cases where the allottee does not receive notices, they must be physically pasted on the concerned property to ensure communication,' said the CEO. The crackdown follows widespread violations, officials said, ranging from extended balconies and unauthorised rooms to boundary walls built over the authority land. Regarding the notices issued for encroachments in residential, industrial, institutional, and commercial properties, all asset departments were directed to collect and maintain details of such notices, they added. To be sure, the Noida authority issues notices through e-mail and also pastes the notice outside the house or flat. If not complied, the authority again issues the notice giving reminders and the last reminders before initiating the demolition. At the review meeting, the Noida CEO also ordered completion of the Bhangel Elevated Road and drainage works, smooth approach roads, and rainwater harvesting by next week. The meeting also addressed road construction delays caused by unauthorised land occupation in various sectors. Officials were told to coordinate between the land and civil departments to expedite pending works. Other issues including cleanliness, waterlogging, and stray cattle management were discussed. Officials were told to remove stray cows and bulls from the roads and shift them to cow shelters. Waterlogging hotspots were examined, with improper culvert cleaning and uneven drain levels identified as the main causes. Senior managers have been directed to take immediate corrective action, and the Public Health Department must clean all culverts to prevent future flooding.
Time of India
2 days ago
- Time of India
Plots still encroached? Noida says will cancel allotments
Noida: Residents in several parts of Noida who have been extending balconies, building extra rooms, or fencing off Authority land may soon lose their plots if they continue to ignore repeated warnings. Noida Authority has decided to cancel the allotment of plots whose owners persist with encroachments despite two rounds of notices under Section 10 of the UP Industrial Area Development Act. CEO Lokesh M on Friday directed the officials to paste the notices directly on the property if they are not received by allottees. This is done to ensure that "no one can claim ignorance". The Authority CEO, during a review meeting with department heads, instructed the officials of the asset departments to compile and maintain detailed records of notices issued for encroachments and monitor compliance regularly. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida A senior official said, "Encroachments — whether in residential or commercial properties — will not be tolerated. If an allottee fails to comply even after a second Section 10 notice, we will proceed with the cancellation of allotment." The meeting also discussed the issue of land occupation delaying road construction in several sectors. Departments have been told to "resolve such issues through coordination" between the bhulekh (land records) and civil departments. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Drink This Before Bed – Melt Belly Fat And Flush Out Toxins Vitalgethealth Click Here Undo Encroachment is not limited to housing colonies. Violations are reported across categories — residential, commercial and industrial. The most common include balcony extensions, additional rooms and boundaries cutting into Authority land. Bhangel & other projects As regards the Bhangel Elevated Road project, the CEO ordered the officials to complete the construction of the road and drain beneath the elevated stretch quickly. A detailed report on pending works — such as road surfacing, drainage and box culverts — must be submitted separately, he said. The CEO said the work on drainage and water harvesting along the route should start by next week and approach roads should have proper lighting and pedestrian-friendly footpaths. Uttar Pradesh State Bridge Corporation Limited recently handed over the upper carriageway to the Authority and sought funds for works under the elevated road. Reviewing Noida's cleanliness and maintenance issues, the CEO ordered the immediate removal of stray cattle from roads to gaushalas. The horticulture department was told to stop soil from central verges spilling onto roads. While discussing the waterlogging issue, the Authority identified poor culvert cleaning and uneven drain invert levels as the main causes. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Business Standard
03-08-2025
- Business Standard
13th-month persistency rate of life insurance companies sees a fall in Q1
Persistency is the proportion of life insurance business renewed from the business underwritten. The ratio is measured in terms of number of policies and premiums underwritten Mumbai Listen to This Article The 13th-month persistency rate of life insurers — an important metric indicating the retention of new policies — declined in the first quarter of 2025-26 (Q1FY26). This fall was primarily driven by a lower share of high-value policies, following taxation changes implemented in April 2023. In February 2023, the government decided to tax income from traditional insurance policies, other than unit-linked products (ULIPs), having premiums above ₹5 lakh in a year to plug the arbitrage. High-net-worth individuals (HNIs) were using this to get tax-free returns on their high-value insurance policies through Section 10(10D). Under Section 10 (10D), individuals can avail
