Insurance

PSBs and insurers have urged the finance ministry to raise the sum assured under PMJJBY and PMSBY, citing inflation and household vulnerabilities, as India targets "Insurance for All by 2047"

Irdai Chairman Ajay Seth flags acute actuarial talent shortage, says capacity building critical as India adopts risk-based capital norms and aligns with IFRS standards

IFSCA will approach the Centre for approval to set up an SPV-based framework enabling investments in insurance-linked securities such as catastrophe bonds, aiming to broaden risk-sharing mechanisms

ICRA says the new risk-based deposit insurance premium framework, effective April 2026, could reduce bank profitability by up to ₹12,000 crore a year, though stronger banks may see gains

As digital fraud surges across India, cyber insurance is being pitched as a safety net for individuals and households. But what does it actually protect you againstand where does it fall short?

'Biggest health care burden is not hospitalisation but diagnostics and medicines,' they say

As India heads into Union Budget 2026, two things sit at the heart of everyday anxiety: medical bills and insurance cover. This deep-dive breaks down what the government may change

With traditional security models unable to control AI-powered cyberattacks, 63SATS Cybertech, part of 63 moons technologies, has built a software platform for smartphone users along with an embedded comprehensive insurance to achieve cybersecurity and a financial safety net across India. The cybersecurity services firm merged software security and cyber insurance in to one active digital defense super app, CYBX, for everyday mobile users. Apart from controlling cyber threats, risks, and frauds, 63SATS Cybertech has also tied up with general insurer ICICI Lombard to provide a financial safety net to its cybersecurity app users. Elaborating on the depth of cybersecurity solutions, 63SATS Cybertech, Joint MD and Joint CEO Srinivas L said Indian smartphone users can now access exchange-grade security coupled with a financial safety net of up to Rs 10 lakh. "With protection offered for more than 100 threats, including covering digital safety, financial frauds, privacy protection, identi

Insurers also seek an increase in threshold for taxing maturity proceeds of high-value policies

ICICI Lombard expects to outperform industry premium growth by 100-200 bps, driven by motor, health and commercial lines, says CFO

Swiss Re projects India's insurance market to grow nearly 7% annually between 2026 and 2030, supported by regulatory reforms, higher FDI limits and rising health and motor demand

India's insurance premium growth will accelerate to 6.9 per cent over 20262030 outpacing China, the US and Western European markets, on strong economic fundamentals, rising demand and regulatory changes, global reinsurer Swiss Re said on Monday. The Indian insurance sector is entering a new era of robust mid-term growth and will emerge as the strongest growing major insurance market, according to a Swiss Re analysis. It said over the next five years, India will remain the world's fastest-growing major economy with an estimated average real GDP growth of 6.5 per cent underpinned by robust private consumption. According to the report, fiscal stimulus measures, such as simplification of Goods and Services Tax (GST) rates and personal income tax concessions will help spur demand from lower and middle-income households. Swiss Re forecasts India's insurance market to grow at an annual rate of 6.9 per cent over 2026 to 2030 in real terms, higher than major emerging and advanced insurance

An IIM Kozhikode panel has proposed splitting LIC and divesting weak PSU insurers to boost competition, capital and insurance penetration under the 'Insurance for All by 2047' vision

Sector seeks tax concessions and government-backed protection against geopolitical risks abroad

Analysts flag 175-350-bp hit despite healthy premium growth

Individual term plan stays with the borrower even if the loan is prepaid, refinanced or transferred, and payout goes directly to the nominee

The government is considering changes to insurance commission structures to lower acquisition costs and improve affordability, DFS Secretary M Nagaraju said

Claims paid by the insurance industry increased in FY25, led by a rise in life insurance death claims and higher net incurred claims reported by general insurers across segments

During the year, premiums collected under the health insurance segment grew 9.12 per cent year-on-year to Rs 1.17 trillion

Mis-selling complaints against life insurers rose over 14% in FY25 even as total grievances dipped marginally, prompting Irdai to flag concerns and seek corrective action