Insurance Companies

LIC's Q3 profit rose 17% on strong premium and investment income, while higher VNB margins and lower cost ratios supported overall performance

ACKO Life Insurance shifts to a pure term-only model, aiming to curb mis-selling and tackle India's under-insurance by keeping life cover simple and protection-focused

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

Private sector banks and insurers report higher employee costs in Q3FY26 after accounting for statutory impact of New Labour Codes notified by the Centre in November 2025

EDME Insurance Brokers, formerly Aditya Birla Insurance Brokers Ltd, is eyeing an overseas expansion and aims to double its business to Rs 1,600 crore over the next five years. "We would also like to spread our wings outside India, namely to Dubai, Singapore and London as well. We feel that, in the next one year or so, we will set up offices in both Singapore and Dubai. So, London might come later," EDME Insurance Brokers Chief Executive Officer Sanjay Radhakrishnan told PTI. Talking about the acquisition of UIB Insurance Brokers (India) Pvt Ltd, he said that with the buy, business has increased to about Rs 850 crore. With the deal, he said, EDME Insurance Brokers has become the second largest in the country after Marsh. For the rapid growth, he said, "We have identified around 14-18 industries that we want to focus on. For example, IT and BFSI, construction, infrastructure, and power. We are also looking at sports, media, and entertainment. Additionally, we are looking at mergers

Insurers seek Irdai clarity on a new law barring common directorships, a move that could disrupt boards of bank-backed insurance companies

Insurance companies have sought clarification from Irdai on a provision barring directors from holding board roles across insurers, banks and investment firms, citing governance and compliance concern

RBI has flagged high expense structure, particularly acquisition costs of insurance companies, in its recent report

The share of The New India Assurance Company rose after announcing disclosures regarding GST orders and show-cause notices received.

The Bombay High Court ruled that an insurer cannot reject a claim by delaying the deposit of a valid premium cheque, holding the insurance company liable for deficiency in service

Galaxy Health Insurance has launched Galaxy Twin 360 for young adults, combining inpatient cover with outpatient benefits and wellness services to improve renewals and long-term adoption

The insurer's individual new business annualised premium equivalent (APE) grew 8 per cent YoY to ₹544 crore, while renewal premiums surged 43 per cent

M Nagaraju says listing subsidiaries of state-owned financial entities will unlock value, strengthen corporate governance, and enhance market oversight

The strong domestic flow, meanwhile, offset the selling by foreign portfolio investors (FPIs) during CY25, who pulled out $23.3 billion (Rs 2.03 trillion) from the domestic equity markets.

Commission payouts reduced by 18% as insurers pass GST cut benefits to customers

The insurance chiefs in a letter submitted to the finance ministry officials on Friday sought for implementation of the new GST rates on a prospective basis, while allowing for ITC on renewal premiums

Union Communication Minister Jyotiraditya Scindia on Sunday said insurance companies that received premiums from farmers in his Guna Lok Sabha constituency must clear their claims against loss of crops due to floods. The insurance companies that have collected money (premiums) from farmers in the district must now come forward to help them as their crops have been destroyed due to excessive rainfall. We will ensure that farmers get their rightful dues from these companies, he said. I have asked the collector to convene a meeting with these insurance companies so that farmers can get relief without delay, he told reporters here. He also inspected flood-affected areas in the city and visited several colonies to review the situation caused by heavy rains. Scindia said he had been touring the constituency for the past three days to assess the damage caused by the natural calamity. Water entered villages and cities from both the skies and rivers, creating a grave situation. Now the ...

Shriram Life Insurance reports Rs 257 crore individual new business premium in Q1FY26, up 21% Y-o-Y, driven by branch expansion, higher ticket size, and rural market focus

The insurance company experienced a double-digit rise of 36.6 per cent in its profit after tax (PAT) during the quarter ended June 30, 2025, to ₹138 crore

M Nagaraju calls on insurance brokers to play a key role in raising awareness and boosting insurance penetration, particularly in rural areas and underserved sectors