Insurance News

Regulatory headwinds may cloud dealmaking in a buzzing insurance sector

Insurers and distributors have warned that the changes could constrain near-term growth, hit distributor revenues and affect employment

Life insurers' profitability in Q2FY27 to improve on protection growth

Retail protection growth and a favourable product mix are expected to support life insurers' Q2FY27 profitability, while higher claims ratios could weigh on general insurers.

Co-payments and deductibles in health insurance: Are they right for you?

Both options can lower premiums, but they increase out-of-pocket expenses during claims. Understand how they work before choosing a health insurance policy

Proposed distribution reforms may weigh on near-term growth: Icra

ICRA expects the impact of proposed commission caps and expense limits to become more visible in FY28, with health and life insurers and smaller players facing greater pressure

Life insurance NBP jumped 21% in Sepember; non-life premium up 6%

LIC and private life insurers drive strong new business premium growth, while general and health insurers lift non-life premiums despite a sharp decline in crop insurance collections

GST Council allows employers to claim ITC on group insurance coverage

The GST Council's decision to allow input tax credit on employee group health and life insurance is expected to reduce coverage costs for employers, particularly MSMEs

Irdai distribution overhaul could hit brokers' revenue by 70%: IBAI

Insurance brokers have sought a deeper assessment of Irdai's proposed distribution reforms, warning of a 60-70 per cent revenue impact and around 1 million jobs at risk

GST input tax credit on group health, life insurance may boost coverage

Allowing employers to claim ITC on GST paid on group health and life insurance could lower effective costs, address a tax disparity and encourage wider employee coverage

Insurance brokers oppose Irdai's proposed reforms, warn of job losses

The Insurance Regulatory and Development Authority of India proposed the rules as part of a discussion paper in late September and invited stakeholders to submit feedback by October 25

Insurers' 10% co-pay plan for retail health claims may not get Irdai nod

Non-life insurers have discussed a 10 per cent co-payment on inpatient hospitalisation costs, but industry executives say the proposal is unlikely to get Irdai's nod

Irdai proposal may put 1 million livelihoods at risk: Brokers' body

The brokers' body said proposed commission caps and lower expense limits could hurt employment and competition while reviving unethical business practices

Irdai's distribution reforms may constrain smaller insurers: Acko CEO

ACKO CEO Animesh Das said uniform EoM limits across companies could restrict growth opportunities for smaller and newer insurers

ICICI Life Q2FY27 earnings to mark Anup Bagchi's swansong at group

Bagchi's last working day at ICICI Prudential Life will be October 13; he is expected to be introduced to HDFC Bank investors when it announces Q2 results

ICICI Life Insurance appoints Sidharatha Mishra as new MD & CEO

The incumbent Anup Bagchi has tendered resignation after HDFC Bank announced his appointment on Thursday as MD & CEO of the bank, effective from October 13, 2026

Irdai commission cap plan sparks concern among insurance brokers

Brokers say lower payouts may not necessarily translate into cheaper premiums and could instead squeeze servicing economics, trigger consolidation, and weaken insurance distribution

Irdai commission caps likely to hit jobs, weaken reach, cautions IBAI

Brokers' body says proposed commission caps and lower expense limits could lead to job losses, weaken independent distribution and hurt insurance access in smaller towns.

Twin regulatory moves seek to reshape insurance costs, distribution

PFRDA's NPS Swasthya combines healthcare withdrawals with a super top-up cover, while Irdai proposes tighter commissions and expense limits to curb mis-selling and lower distribution costs

LIC left with two serving MDs as Dinesh Pant joins Irdai as actuary member

Dinesh Pant has been appointed whole-time director, actuary, at Irdai, reducing the number of serving managing directors at LIC to two

Banks may rejig insurance sales as Irdai proposes sharp commission cuts

Banks could favour long-term products that offer better commissions, while seeking to offset lower payouts elsewhere through higher volumes

Irdai's proposed commission cuts threaten PB Fintech's online economics

Analysts say PB Fintech's core online insurance revenue could take a nearly 30 per cent hit, though cost optimisation and higher volumes could cushion the impact