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LIC reports 23% jump in its net profit to Rs 13,492 crore in Q1FY27

LIC reports 23% jump in its net profit to Rs 13,492 crore in Q1FY27

by AIP Online Bureau | Aug 6, 2026 | Indian News, Life

R Doraiswamy, CEO & MD, LIC, said,“The numbers are good this quarter, but if you look at the growth in premium or APE, it is not as high as what you would have expected.What gives us more happiness is that our VNB has grown by 61 per cent plus and our VNB margin...
Rising Motor TP losses weighs on NIA’s Q1 results

Rising Motor TP losses weighs on NIA’s Q1 results

by AIP Online Bureau | Jul 24, 2026 | Indian News, Non-Life

“The Motor Third Party line of business continued to be under pressure as there was no premium increase while claims inflation continued. The significant spike in the Motor TP loss ratio had a severe adverse impact on the results. The industry is looking forward...
SBI Life posts higher quarterly profit, expects margins to improve

SBI Life posts higher quarterly profit, expects margins to improve

by AIP Online Bureau | Jul 24, 2026 | Indian News, Life

“We have definitely seen the margin bottoming out,” SBI Life MD and CEO Amit Jhingran said in a post-earnings ​call. “Going forward, with ​higher focus on ⁠individual policies, margin is going to be towards the upper range of our guidance.”...
Allianz Jio Re writes Rs266 crore of prm in maiden qtr, AGCS India to shift its business to JV

Allianz Jio Re writes Rs266 crore of prm in maiden qtr, AGCS India to shift its business to JV

by AIP Online Bureau | Jul 16, 2026 | Indian News, Life, Non-Life, Reinsurance

“We assure clients of uninterrupted service, continuity of coverage and consistent relationship management, as the existing facultative reinsurance portfolio from Allianz Commercial / Allianz Global Corporate & Specialty (AGCS) will be transitioned to...
Agriculture Insurance Company settles Rs9,571 cr of claims, benefits more than 1.75 crore farmers in FY26

Agriculture Insurance Company settles Rs9,571 cr of claims, benefits more than 1.75 crore farmers in FY26

by AIP Online Bureau | Jun 4, 2026 | Indian News, Non-Life, Technology

AIC strengthened its technology-enabled insurance ecosystem through the use of advanced analytics, geospatial technologies, satellite imagery, remote sensing and AI-based tools, Lavanya Mundayur,CMD, Agriculture Insurance Company New Delhi:State owned Agriculture...
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