Life Insurance

Generali Central Life Insurance reported widening of loss to Rs 178 crore for FY26 driven by strategic investments towards brand transition and market expansion. The insurer had booked a loss of Rs 6 crore in the previous financial year. However, the total income during the year rose to Rs 3,577 crore from Rs 3,172 crore in the preceding fiscal year, Generali Central Life Insurance said in a statement. The company's income from individual first-year premium doubled to Rs 964 crore from Rs 476 crore in the previous fiscal year. Renewal premiums increased to Rs 1,427 crore from Rs 1,318 crore a year ago. The company's Gross Written Premium grew by 16 per cent to Rs 2,910 crore in FY26, from Rs 2,511 crore in FY25, reflecting steady momentum across individual and group segments, it said. The company's Assets Under Management (AUM) crossed the Rs 10,000 crore milestone to reach Rs 10,470 crore in FY26, registering a 19 per cent growth. Commenting on financial number, Generali Central

The regulator cited that the CEO salaries account for major chunk of wage expenses of the company

IndusInd Nippon Life Insurance on Monday reported 15.12 per cent rise in profit after tax at Rs 248 crore for financial year 2025-26, on the back of high growth in new business premium. A year ago, the company had reported a net profit of Rs 215.43 crore. New business premium of the company increased 18.5 per cent year-on-year to Rs 1,475 crore in FY26. The total premium grew 5.95 per cent to Rs 6,051 crore. During the fiscal year, the assets under management (AUM) of the company surged 3.85 per cent year-on-year to Rs 40,214 crore, a statement said. "The strong growth in new business premium, along with improved profitability, is a testament to the trust our customers place in us and the commitment of our teams on the ground," Ashish Vohra, executive director and chief executive officer of IndusInd Nippon Life Insurance said. The claims settlement ratio of the insurer stood at 98.98 per cent in FY26. However, solvency ratio declined to 218 per cent, from 235 per cent. Additional

This is despite sharper push towards protection products after GST relief

Private life insurers continued to depend heavily on ULIPs in FY26, although protection products gained momentum after GST exemption and rising customer demand for life cover

Life insurer says the bonus will benefit 22.2 lakh participating policyholders, with a major portion to be paid out during FY27

Tax breaks meant for savers are increasingly enriching insurers and distributors, while mis-selling leaves ordinary investors exposed to heavy losses

Appoint a guardian for minor nominees; update nominations after major life events

Life insurers recorded robust premium growth in FY26, but FY27 outlook remains mixed amid geopolitical risks, GST impact and evolving product mix dynamics

Industry sees strongest growth since FY23 as new business premium crosses Rs 4 trillion, driven by GST cut, product launches and recovery after regulatory changes

Insurance companies have shared the data on distributor commissions with Irdai as the regulator reviews distribution models amid concerns over high costs but are yet to get a response

State-owned insurance giant Life Insurance Corporation of India (LIC) on Monday approved a 1:1 bonus issue

Axis Bank has received the requisite approval from the Reserve Bank of India (RBI) for the said infusion

Group life insurance premiums grew faster than individual policies in FY26 as revised labour codes, including higher basic pay norms & expanded gratuity provisions, boosted corporate-linked insurance

Within the sector, Max Financial Services is JPMorgan's top pick, followed by SBI Life, HDFC Life, ICICI Prudential Life and LIC

Industry executives say revising life insurance distributor commissions could improve policyholder returns by lowering acquisition and operating costs, even if premiums remain unchanged

Sumit Madan talks about RBI's proposed guidelines on mis-selling and their likely impact on the company and the sector, the firm's business plans going forward, among other issues

RBI's draft rules on bundling and consent could dent credit life insurance and bancassurance income, though insurers say overall impact will be limited

Both life and non-life insurers reported strong January premium growth, supported by a favourable base effect and the GST exemption on individual life and health insurance premiums

The recent GST exemption on individual life insurance policies has emerged as a strong structural tailwind for the sector after a prolonged period of regulatory headwinds