Gavin Maistry, chief executive-designate,Life and Health Asia...
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Motherhood & Financial Planning: Securing every stage of life with confidence
A strong financial plan is not built only around protection. It...
Govt asks state-run banks,insurance firms to cut costs, shift to EVs
Under the new measures, all meetings, reviews and consultations...
IRDAI to come out with new regulations on industry’s commission structure soon:Seth
Ajay Seth, chairman, IRDAI ``We are working on the regulations pertaining to the new commission structure in the industry. There will not be any surprise element in it. We will soon put out a consultative paper on it and will like to have industry views before...
Budget 26-27:Ensuring macro stability, policy clarity and gowth opportunity
As India moves confidently towards its vision of Viksit Bharat, with right policy support,the insurance sector is committed to partnering in this journey protecting people, supporting businesses, enabling infrastructure, and building a more secure and resilient nation...
China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including China Life Insurance Group Co., the People’s Insurance Co. Group of China Ltd., and China Taiping Insurance Group Co., the people said.It would be the first time Beijing has used special bonds to...
EC work: LIC field workers move HC for protection of their service conditions
Petitioner National Federation of Insurance Field Workers of India, through their lawyer, stated before the court of Justice Krishna Rao that they apprehend that their service in the company will be affected if they are engaged in election-related work. The court said...
Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey
Nirmala Sitharaman Union Minister for Finance and Corporate Affairs The insurance sector stands at a pivotal juncture, as it remains constrained by a ‘low-penetration, high-cost’ equilibrium driven by a high-cost distribution model that has inflated the cost of...
Budget-26-27:Improving insurance affordability and access
Recent policy measures, such as the exemption of insurance premiums from GST, have laid a strong foundation for sectoral growth, and the Budget 026-27, to be presented by Finance Minister Nirmala Sitharaman on Feb1, can build on this momentum through thoughtful,...
LIC chief expresses concern over continued stagnation in number of policies in force
Swaminathan S. Iyer, Member (Life), IRDAI,Dinesh Pant, managing director, LIC, R. Doraiswamy, CEO and Managing Director, LIC and BC Patnaik,director, NIA at the 27th Annual C. D. Deshmukh Memorial Seminar, organised by National Insurance Academy (NIA), Pune, on Monday...
Moody’s expects India’s 7.3% economic growth in FY26 to push premium surge
Moody's said India's robust economic growth contributed to a 17 per cent increase in total insurance premium revenue to Rs 10.9 lakh crore in the first eight months (April-November) of 2025-26, with health premiums up 14 per cent and life new business premiums...
India’s insurance market to grow at higher than major emerging and advanced countries in next 4 yrs, says Swiss Re
“India is a true bright spot for insurance growth in the mid-term as opportunities emerge, especially in health and motor insurance. We are set to benefit from forward-looking regulatory reform, digital innovation and a disciplined but attractive product mix for...
LIC should continue focus on digital marketing: Nagaraju
M Nagaraju,Secretary,Financial Services Nagaraju expressed satisfaction with LIC’s consolidated AUM of ₹57.23 lakh crore and a yield of 8.9% on policyholders’ funds, supported by a strong solvency ratio of 2.13. This corpus may be used for incentivising growth of...