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GIC Re net profit sees a record rise of 70 % to Rs 1,752 crore in Q1FY26

GIC Re net profit sees a record rise of 70 % to Rs 1,752 crore in Q1FY26

by AIP Online Bureau | Aug 7, 2025 | Indian News, Non-Life, Reinsurance

N Ramaswamy, CMD, GIC Re Combined Ratio improves by 2.66% to 106.94% ,underwriting losses fall 30 per cent to Rs 907.76 crore, gross investment income increases by 18.37% to Rs 3,228.51crore “In a bid to fortify our balancesheet further, we have started the...
LIC’s net profit rises 5% to Rs 10,987 crore in Q1FY26, pauses on Health Insurance foray till new Insurance Bill

LIC’s net profit rises 5% to Rs 10,987 crore in Q1FY26, pauses on Health Insurance foray till new Insurance Bill

by AIP Online Bureau | Aug 7, 2025 | Indian News, Life

R Doraiswamy, CEO & MD, Life Insurance Corporation “We will wait for the proposed Insurance Bill and depending upon new changes in the Bill , our board and shareholders will take a call whether to enter into Health Insurance Business and how to do it. The...
PB Fintech’s net profit increases 42% Rs to 85 crore, revenue up 33 % to Rs 1,348 cr in Q1 FY26

PB Fintech’s net profit increases 42% Rs to 85 crore, revenue up 33 % to Rs 1,348 cr in Q1 FY26

by AIP Online Bureau | Jul 31, 2025 | Health, Indian News, Life, Non-Life

The company’s insurance premium grew 36%, led by a 65% rise in new health insurance policies New Delhi: PB Fintech reported a 40% rise in first-quarter profit on Thursday, as more consumers turned to digital platforms for insurance products. The company posted a...
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...
Private sector general and health insurers record higher underwriting losses in FY 25

Private sector general and health insurers record higher underwriting losses in FY 25

by AIP Online Bureau | Jul 21, 2025 | Indian News, Non-Life, Reinsurance

Led by Tata AIG General insurers, which had an underwriting losses of Rs 2,229 crore, 25 e private sector multiline general  insurers ‘ underwriting losses have spurted by 12 per cent to Rs 12,398 crore in FY 24-25.Similarly, with Star Health at the top, the...
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