Iran Life Insurance News

The Central Insurance company of Iran says it is working on new options to promote and expand life insurance products.

The Central Insurance company of Iran (CII), the regulatory body, has issued the operational license for Charisma Life Insurance Company, the third in Iran.  A report seen on Risknews…

Life insurance has become the main source of premium income for some private insurance companies, data released by the Central Insurance company of Iran (CII), the supervisory body of the sector…

Insurance companies generated 799 trillion rials ($2.95 billion) in premium in the first three quarters of the current fiscal year (ends in March – up 36% on the same period last year. …

Two life insurance companies recorded the highest growth in premium income in the first seven months of the current fiscal year that started in March.

The Central Insurance company of Iran in charge of regulating the industry, has released a report on the performance of the key sector in the previous fiscal year (March 2019-2020) saying…

Central Insurance company of Iran (CII), the regulatory body of the industry, has issued a license for a new life insurance company ‘Baran Life Insurance’ company. 

The Majlis has voted in favor of including life insurance policies in the list of goods and services exempt from value-added tax.

Life insurance henceforth will not be tax exempt, the head of Iran National Tax Administration told reporters following a meeting with Iranian Insurers Syndicate.

Insurance penetration in Iran has been rising steadily over the past years, according to the head of the Insurance Research Center, affiliated to the Central Insurance company of Iran.  “…

Insurance companies generated 66 trillion rials ($584 million) from life insurance policies in the last fiscal year (ended March 2019), indicating 42.3% increase compared to the year before.…

The share of life insurance in the overall portfolio of the Iranian insurance industry is meager which has reduced the overall penetration rate of insurance cover in the country of 80 million…

Following the policy of promoting life insurance, the president of Central Insurance of Iran announced that the High Council of Insurance has issued the license for the establishment of another…

Iranian insurance companies have registered an 18% growth in life insurance premium incomes in the first quarter of the current Iranian year (March 21-June 21), the head of Central Insurance of…

Iranian insurance industry earned 29.4 trillion rials ($789.4 million) by selling 2,357,171 life insurance policies during the 10 months to January 19. 

Middle East Life Insurance Company, affiliated with the privately-owned Middle East Bank, officially started operating on Monday as the first specialized Iranian insurance firm.

Iranian insurance firms generated 21.7 trillion rials ($525.9 million at market exchange rate) from selling life policies during the eight months to November 20, marking a 37.19% growth compared…