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Insurance premium for aircraft expected to go up, says IndiGo CEO

Insurance premium for aircraft expected to go up, says IndiGo CEO

by AIP Online Bureau | Jul 30, 2025 | Indian News, Non-Life, Reinsurance

During a virtual interaction post announcing the June quarter results, Elbers said the insurance premiums always follow some of the trends in the market and “we do expect them to go up and we’re still finalising some of the discussion in what magnitude...
New India’s net profit jumps 80% to Rs391 crore in Q1FY 26, gains market share

New India’s net profit jumps 80% to Rs391 crore in Q1FY 26, gains market share

by AIP Online Bureau | Jul 29, 2025 | Indian News, Non-Life, Reinsurance

Girija Subramanian, CMD. NIA “ Our domestic gross direct premium during the period grew by 15.27 per cent vis-à-vis the industry which grew by 8.84 per cent. Consequently, our market share for the period increased from 14.65 per cent to 15.51 per cent. The healthy...
ICICI Pru Life Q1 net jumps 34 pc to Rs 302 cr

ICICI Pru Life Q1 net jumps 34 pc to Rs 302 cr

by AIP Online Bureau | Jul 15, 2025 | Eco/Invest/Demography, Indian News, Life

ICICI Prudential Life Insurance MD and CEO Anup Bagchi said, “We reported a total premium growth of 8.1 per cent year-on-year in Q1 FY2026 on the back of our extensive distribution and comprehensive product suite”. New Delhi: ICICI Prudential Life...

Maharashtra govt yet to pay Rs 1,015-crore premium to insurance companies: Minister

by AIP Online Bureau | Jul 8, 2025 | Indian News, Non-Life, Policy, Reinsurance

Speaking in the legislative council, Agriculture Minister Manikrao Kokate said the state government will pay its instalment to insurance companies (on behalf of farmers) within eight days. He assured all eligible farmers will get money for crop losses within 15 days...

LIC introduces 2 new plans- LIC’s Nav Jeevan Shree & LIC’s NavJeevan Shree Single Premium

by AIP Online Bureau | Jul 4, 2025 | Data, Life, Wealth Management/ Philanthropy

In the current environment when interest rates are very volatile, these two Plans provide Guaranteed Additions throughout the policy term. Mumbai: Sat Pal Bhanoo, CEO & MD (In-Charge), Life Insurance Corporation, launched two new plans, LIC’s Nav Jeevan Shree and...
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