M. Nagaraju, Secretary, Department of Financial Services Nagaraju...
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No insurers have revised premiums upward after GST relief announcement:Govt
The IRDAI collected prevailing premium rates as of September 3,...
GIC Re net profit falls 6% to Rs 1,519 cr in Q3,combined ratio improves to a record 105.32 %
Hitesh Joshi, acting CMD, GIC Re. said,```Our strategy is focused...
Mahindra & Mahindra and Canadian Manulife form 50:50 life insurance JV, To invest Rs 3,600 crore
“We can plan getting into non-life business if composite license is allowed by the government afterwards.Mahindra brand strength, deep distribution capabilities in rural and semi-urban India and execution excellence make life insurance a logical extension towards our...
Max Financial Services Q2 profit plummets to Rs 6cr
Axis Max Life reported New Business Margins of 23.3 per cent in H1 FY’26 up from 21.2 per cent during the same period last year. The Value of New Business (VNB), a measure of profitability experienced a YoY growth of 27 per cent outperforming the peers, aided by...
Ageas Federal Life strikes distribution partnership with Muthoot Microfin
Ageas Federal Life Insurance has announced a strategic distribution partnership with Muthoot Microfin Ltd., aimed at reaching underserved customer segments, including individual entrepreneurs and Small and Medium Enterprises (SMEs), thereby strengthening financial...
IFC invests Rs285 crore in long-term debts of Axis Max Life Insurance
Allen Forlemu, Interim Regional Vice President, Asia Pacific, International Finance Corporation, said: “ Our partnership with Axis Max Life for our first investment in the life insurance space in India allows us to contribute to a more resilient future for all....
Winter session of Parliament from Dec 1 to 19,may see tabling of Insurance Amendment Bill
Nirmala Sitharaman,Union Finance Minister Earlier, Finance Minister Nirmala Sitharaman had said Insurance Amendment Bill, is likely to be introduced in Parliament in the upcoming Winter session NEW DELHI: The Winter session of Parliament, which may see Insurance...
UNDP, BMZ, Generali and ICMIF Foundation deliver world’s largest inclusive insurance innovation programme across 30 countries
Marcos Neto, UN Assistant Secretary-General and Director, UNDP The global protection gap (the difference between financial losses and what is covered by insurance) leaves 9 out of 10 people in developing countries without insurance coverage when shocks such as...
LIC’s net profit jumps 32% to Rs 10,053 crore in Q2
R Doraiswamy, CEO and MD, LIC The Net VNB margin for the six months period ended September 30th, 2025 increased by 140 bps to 17.6% as compared to 16.2% for the six months period ended September 30th, 2024. New Delhi: Life Insurance Corporation of India (LIC) on...
Generali Central Life Insurance launches Term ULIP
Generali Central Life Insurance (erstwhile Future Generali India Life Insurance) has launched a Term with Unit Linked Insurance Plan (TULIP)-Generali Central Sampoorna Samadhaan Plan. This innovative offering combines robust life protection with long-term wealth...
Reimagining Insurance:AI set to unlock next $4 billion profit opportunity in India
India’s Insurtech ecosystem is at a sizeable scale, with cumulative valuations crossing USD 15.8 billion and revenues growing reaching USD 0.9 billion in 2024 - a 10x increase since 2019. The sector has 2 unicorns, 8 players between USD 100 million to USD 1 billion...
Aiming affordability,IRDAI chief hints at key distribuition reforms in Indian insurance sector
``We see BIMA Sugam as an efficient consumer-facing platform, which is getting ready and at the back-end are the insurance companies. They have made a beginning as their products and services should be coming in the market in the next few quarters.''Ajay Seth,...