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LIC,New India and GIC Re remain as Domestic Systemically Important Insurers in FY26:IRDAI
D-Slls refer to insurers of such size, market importance, and...
Insurers have to submit compliance reports on checking “dark patters” in 15 days:IRDAI
Wherever non-compliance is found, an action plan with timelines for...
Composite salary account package for Central govt employees to be unveiled on Wed
The initiative offers Central Government employees a unified account combining banking and insurance benefits, designed with banks to ensure broad coverage, consistency, and convenience for all cadres (Groups A, B, and C) New Delhi: The Centre said on Tuesday that the...
“Increase profitable biz,maintain market share and strengthen retail portfolios”DFS Secy to PSU insurers
Nagaraju also stressed that high priority should be given to the timely resolution of public grievances and to ensuring seamless and prompt claims processing, in order to provide efficient services to customers. New Delhi: Outlining the action plans for PSU insurers...
ICICI Pru Life reports a 20% rise in its Q3 profit to Rs 390 crore
`The recent '0% GST reform' on individual policies has significantly aided growth of our retail protection segment. In Q3-FY2026, this segment registered a strong 40.8% year-on-year growth. Consequently, the retail sum assured, i.e., the total life cover chosen by our...
Aon promotes Neha Shah as head of its Life and Health (L&H) business India
International broker Aon has promoted Neha Shah as to head its Life and Health (L&H) business India. Shah, an actuary, who had joined Aon's L&H team last year, will be responsible for leading and supporting the strategy execution for the reinsurance business...
Life Insurance: A must for every young professional
Many youngsters postpone this decision, assuming it’s something to worry about later, when they are married, have kids, or ticking off other conventional life boxes. But unforeseen events, be it untimely demise, health setbacks, or sudden family responsibilities,...
Bajaj Group completes acquisition of 23% stake in insurance companies from Allianz for Rs 21,390 crore
Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv. The transfer of Allianz’s remaining 3% stake is expected to be completed over the nextfew months through a proposed buyback of shares by the insurance companies, subjectto applicable law and necessary...
Aviva Life launches a fixed health benefit plan with wellness rewards
Aviva India has announced the launch of Aviva Smart Vitals, an individual non-linked, non-participating, pure risk health insurance fixed benefit plan that provides comprehensive protection against critical illnesses. The base sum insured starts at Rs 10 lakhs, with...
DIIs lend robust support to Indian markets, led by mutual fund assets in 2025
Insurance companies and domestic pension funds also saw their equity assets rising with the former witnessing a 12.6 per cent surge to Rs 26.81 lakh crore and latter posting 66 per cent jump to Rs 4.38 lakh crore. Collectively they bought more than Rs 1.4 lakh crore...
Mis-selling in insurance sector significant concern:Irdai
The total number of grievances registered against life insurers has remained almost the same at 1,20,429 in 2024-25 against 1,20,726 in 2023-24, whereas the total number of grievances registered under UFBP (Unfair Business Practices) has increased from 23,335 in...
LIC launches an attractive offer for revival of lapsed policies
LIC has come up with an attractive offer for revival of lapsed policies. A Special Revival Campaign has been launched from Jan 01,2026 to Mar 02, 2026 for individual lapsed policies. Concession is being offered in late fee for all Non-Linked Insurance Plans upto 30%...