Insurance News

Life insurers' ad expenses fell 19.16% to ₹3,211.6 crore in FY26

Private life insurers pared advertising and publicity spending amid GST changes, EoM pressures and restructuring after the loss of input tax credit benefits

Regulatory changes, valuation pressures pull down life insurers' returns

Three of India's four listed life insurers have delivered negative returns over the past five years as repeated regulatory changes, slower growth and lower valuations weighed on investor sentiment

US insurer Nationwide launches Hyderabad centre to expand globally

US insurer Nationwide has opened its Global Services Center in Hyderabad, expanding its global footprint and strengthening technology, engineering and business capabilities

Life insurers' June premium rises 13% on strong private sector growth

Life insurers' new business premium rose 13.07 per cent in June, as strong growth by private insurers offset modest gains at LIC and lifted the industry's overall performance

Why India's pension sector reforms need stronger demand from workers

While pension reforms and new retirement products are expanding choices, experts say changing younger workers' perception of retirement savings is crucial to boosting participation

Non-life insurance premiums grow 16% in June, highest in five months

India's non-life insurance industry posted its fastest monthly premium growth in five months in June, driven by strong gains in the general insurance and standalone health segments

Protection biz growth may cushion GST hit for life insurers in Q1

Growth in protection products is expected to offset the impact of GST-related input tax credit changes on life insurers, while lower combined ratios may support non-life insurers' profitability

Amit Shah unveils plan for a cooperative life insurance company

The government plans to launch a cooperative life insurance company and expand Bharat Taxi, aiming to boost financial inclusion and deepen the cooperative model in new sectors

ICICI Pru Life to become ICICI Life as Prudential seeks reclassification

The insurer will seek Irdai approval for the name change as Prudential Corporation Holdings begins the process of reclassification from promoter to investor

Young Indians drive boom in unlimited health cover: Policybazaar data

Rising medical costs and greater awareness are driving demand for unlimited sum insured health plans, with millennials, Gen Z and consumers in smaller cities leading the shift

Irdai plans overhaul of commission rules to curb insurance misselling

The insurance regulator is expected to propose staggered commission payouts over the life of a policy and link remuneration to advisory and after-sales services

Irdai grants health insurance licence to Prudential HCL joint venture

The Prudential-HCL Group joint venture becomes India's eighth standalone health insurer, with the regulator issuing its third registration of calendar year 2026

Life insurance policy surrenders outpaced maturity payouts: RBI report

Reflects policyholder dissatisfaction, product mis-selling, among others

Bima Sugam's first products set for Sept-end launch: Irdai Chairman

Irdai Chairman Ajay Seth says Bima Sugam will roll out initial motor, health and term insurance products by September-end as insurers complete technology integration with the platform

ESIC clears direct hospital management, extends unemployment benefit scheme

Corporation approves direct management of upcoming ESI hospitals, extends the Atal Beemit Vyakti Kalyan Yojana till June 2027, and clears new medical education and healthcare initiatives

Generali Central General Insurance targets ₹10K cr premium in five years

The insurer plans to focus on profitable growth by expanding retail health, fire and SME insurance while reducing exposure to intensely competitive group health business

ESIC forms three-member panel to strengthen internal audit after CAG report

The statutory social security body will review its audit framework and recommend reforms after the CAG flagged deficiencies in financial controls, audit timelines and record-keeping

Protection products drive near double-digit VNB growth for life insurers

Life insurers reported healthy growth in value of new business in FY26 as higher sales of protection and non-par products lifted profitability despite higher operating costs

Govt sets performance targets for state-run general insurers for FY27

Government sets ambitious FY27 KPIs for PSU insurers, targeting lower claims ratios, faster settlements and stronger digital adoption

Pvt life insurers rekindle agency networks amid scrutiny over bancassurance

Private life insurers are ramping up agency investments to diversify distribution as concerns over bancassurance mis-selling trigger closer scrutiny