Page 13 - Aathira Varier

Non-life insurers clocked 2.7% growth in premiums in July, shows data

General insurers report flat premiums in July while standalone health insurers see modest growth; overall momentum slows amid accounting changes, weak motor segment

RBI mandates 10% loan retention for banks, NBFCs under co-lending deals

Effective January 1, RBI requires regulated entities in co-lending to retain 10% of each loan on books, cap default loss guarantee at 5%, and align asset classification between partners

RBI allows treasury bills investment via SIP in Retail Direct scheme

The Retail Direct portal was launched in November 2021 to facilitate retail investors to open their gilt accounts with the RBI under the Retail Direct scheme

Leveraging tech can make JFS premier financial services entity: Kamath

Addressing the shareholders, he said that in FY26, JFS will capitalise on the strong foundations set in FY25 to bring intuitive and innovative products and services to Indians at scale

Irdai imposes ₹5 crore penalty on Policybazaar for violating norms

Upon examining a selection of 67 insurance policies, IRDAI found that premiums were remitted with delays exceeding 30 days

PNB Housing Finance to consider external, internal candidates for MD & CEO

PNB Housing Finance explores internal and external candidates for MD&CEO following Girish Kousgi's resignation. Jatul Anand, newly appointed Executive Director, is in the running for the role

Niva Bupa likely to hike health insurance premium by 8-9% in FY26

Medical inflation forces Niva Bupa to revise pricing; expects 25% growth in FY26

Age of anxiety: Pressure, long hours, and layoff fears affect employees

At times, this stress reaches a tipping point, resulting in tragedy. Last month, a 52-year-old chief manager at a public sector bank in Pune died by suicide, citing workplace pressure in his note

Renewal of life insurers' policies, after 1 year, declines in June quarter

Persistency is the proportion of life insurance business renewed from the business underwritten. The ratio is measured in terms of number of policies and premiums underwritten

Federal Bank's Q1 net down 15% on high slippages in agri, MFI segments

Sequentially, the profit was down 16 per cent from Rs 1,030 crore to Rs 862 crore

Ujjivan SFB expects RBI to decide on universal bank application by Dec: CEO

MD & CEO Sanjeev Nautiyal discusses microfinance recovery, secured lending push, PSL flexibility, and roadmap for universal banking licence

PNB Housing Finance stock plummets 18% on MD & CEO Girish Kousgi exit

To calm investor sentiment, the company in a statement said that its team would continue to achieve the company's goals of robust growth, asset quality, and margins

RBI approves merger of New India Co-operative Bank with Saraswat Bank

Saraswat Bank will take over all assets and liabilities of New India Co-operative Bank, with its branches becoming part of Saraswat Bank from August 4, 2025.

Drop in high-value ticket life policies drags 13th-month persistency ratio

The decline in the share of high-value policies is largely on account of taxation changes in this segment, which HNIs were earlier using to get tax-free returns

Strong Q1 results, guidance lift New India Assurance shares by 18%

New India Assurance shares soar as insurer posts 80 per cent rise in profit, guided for lower combined ratio despite underwriting hit from Air India crash

Meeting motor TP obligation tough due to IRDAI formula: Shriram General MD

Shriram General Insurance sees industry-wide difficulty in achieving IRDAI's motor third-party coverage targets and plans premium growth via non-motor insurance push

Listed private life insurers see moderation in Ulip business in Q1

After new surrender value regulations, insurers have scaled back on Ulips in portfolios

Irdai sets higher targets for rural, social, and motor TP coverage in FY27

Irdai raises insurance coverage targets for rural, social, and motor TP obligations in FY27. Insurers must cover more Gram Panchayats and increase motor vehicle insurance

DFS Secy Nagaraju seeks insurance brokers' help to boost coverage in India

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

Irdai's Tripathy cautions against practices by brokers to boost valuation

IRDAI's Satyajit Tripathy highlights the need for sustainable growth in the insurance broking industry, cautioning against practices that may harm the sector in the long run