R Doraiswamy, CEO & MD, LIC said,“We at LIC are very optimistic...
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IRDAI chief calls for focus on protection adequacy to achieve Insurance for All
Ajay Seth, Chairman IRDAI, Michel Khalaf, President and CEO of...
IRDAI urges insurers to adopt face authentication
Insurers were told to avoid forcing visitors to their website to...
Create a culture of addressing policyholder grievances proactively, Seth urges insurers
Ajay Seth, Chairman, IRDAI The Indian insurance industry has made significant progress in expanding coverage, but the number of unresolved grievances remains a concern. As on 31st March, 2026, approximately 2.21 lakh cases were pending before Consumer Commissions and...
Nat Cat claims pull GIC Re’s net profit down 14% to Rs 2456 cr in Q2FY27, Prm rises 17% to Rs 11,228 crore
``At GIC Re, underwriting discipline remains our main anchor. We will continue to balance competitive positioning with prudent risk selection to support our cedants dependably. For our domestic portfolio, we maintain our commitment to market stability by ensuring...
Calibrating commission caps key to widening insurance coverage: Report
Chhavi Singh, Associate Partner, Redseer Strategy Consultants, said, “As the IRDAI finalises the framework, comparing channels on their total cost of acquisition, supporting verified first-time buyers wherever they live, aligning renewal limits with servicing needs...
SBI Life Insurance net profit rises 11% to Rs 549 crore in Q2FY27
Amit Jhingran, MD & CEO of SBI Life SBI Life’s value of new business (VNB), which measures the expected profitability of policies sold during a period, grew 12% year-on-year to Rs 1,860 crore. Its VNB margin improved to 29.2% from 27.9% in the year-ago quarter,...
Canara HSBC Life Insurance earns ‘Leader’ ESG Rating from NSE
Canara HSBC Life Insurance Company has been recognised in the 'Leader' Rating Category in the FY2026 Environmental, Social and Governance (ESG) assessment conducted by NSE Sustainability Ratings & Analytics Limited. The company achieved an overall ESG score of 71,...
Right Cover: Why your 30s are ideal for Term Insurance
When choosing a life insurance company to buy a term plan, one should look at the quarterly claim settlement ratio over a period of few years, the average claim amount paid, and the percentage value of claims paid (total value of claims paid divided by the total value...
BlackRock’s 15th-annual survey: Inflation risk remains the most cited macro concern for insurers
Mirroring broader headlines across industries, insurers continue to invest in artificial intelligence (AI), as 60% of respondents report at least one scaled or embedded AI use case. Adoption is broad but scaling remains uneven - scaled or embedded applications are...
Distribution Reforms must be built on consensus: IRDAI Chief
Ajay Seth , chairman, IRDAI Bima Sugam, the game changing e-market place for the Indian insurance industry, should be made operational in another month or six weeks and fee in the platform should not exceed 5 per cent of the premium. Mumbai: Ajay Seth, chairman,...
IRDAI extends deadline for comments on Distribution Reforms to Oct 31
The proposed distribution reforms have sparked concerns across the industry over their potential impact on distribution costs, intermediary remuneration and the sustainability of existing business models. New Delhi: The Insurance Regulatory and Development Authority...
Future of Insurance Distribution: Brokers must be valued beyond commissions
As the IRDAI reshapes insurance distribution, reforms must recognise brokers’ role in risk management, claims support and better policyholder protection. Today, they contribute over 40% of general insurance premiums, bringing expertise in risk assessment, product...