Insurance News

Property insurance rates up as insurers cut discounts after Gujarat floods

Premium rates are hardening by nearly 25-30 per cent, mainly through a reduction in discounts, according to Bajaj General Insurance

Long-term insurance policies need tax incentives: ICICI Pru's Anup Bagchi

ICICI Prudential Life CEO Anup Bagchi says tax incentives for policies of 10 years or more could help insurers build stable liability pools for infrastructure investment.

LIC, Norway sovereign fund among key investors in NSE's ₹6.7Kcr anchor book

Exchange allocated 37.79 million shares at Rs 1,785 each to 189 investors, with offshore institutions taking 43 per cent and domestic mutual funds nearly 37 per cent

Non-life insurance premium rises 10% to ₹27,454.5 crore in August

Standalone health insurers led the rise, recording 30.4 per cent year-on-year growth in premiums to Rs 4,377.14 crore, according to General Insurance Council data

Non-life insurers' underwriting losses surge 50% to Rs 45,279 cr in FY26

Public-sector general insurers saw underwriting losses rise 58.3 per cent, while private general insurers recorded an 18.9 per cent increase and standalone health insurers a 63 per cent jump

Life insurers' new business premium rises 33.07% to ₹41,198 cr in August

LIC's new business premium rose 45.26 per cent in August, while private insurers recorded nearly 20 per cent growth, lifting the industry's overall premium mobilisation

Ganpati pandals step up insurance cover as festival risks mount

Oriental Insurance has covered around 100 Ganpati pandals this year, up from 20-30 last year, as organisers seek protection against calamities and accidents

Irdai's insurance registry: What data will it link and who can access it?

From policy and claims records to intermediary and grievance data, Irdai's proposal sets out what the registry could connect and how access would be controlled

Irdai plans public insurance registry to bridge data gaps, widen coverage

Proposed registry will provide an interoperable access layer to verified insurance data, helping streamline policy servicing, claims and regulatory oversight

General insurers may revise fire premiums as discounts weigh on profits

Fire insurance premiums fell 28.5 per cent YoY in April-July as steep discounts and strong reinsurance capacity intensified competition and raised profitability concerns

IndiaFirst Life is not likely to see drop in headcount from AI adoption

The company said IndiaFirst Life is likely to revisit its IPO plans after regulatory approval for BNP Paribas Cardif's stake acquisition and the new shareholder structure is in place

As AI agents go rogue, cyber insurers are adapting their policies

Insurers, including MSIG , QBE and Beazley, are reviewing traditional cyber policies and adapting their language to account for emerging risks

Irdai takes firm stance on insurers breaching expense management limits

Regulator's action on EOM breaches signals tighter scrutiny of operating and distribution costs, though experts expect limited short-term business impact

Why more Indians are surrendering life insurance policies before maturity

Life insurance surrenders have surged, with early exits concentrated in the first two years. Why are policyholders leaving policies early despite tighter disclosure and suitability rules?

Non-life insurance premium growth slowed to 5.7% in July, shows data

Gross direct premium underwritten by non-life insurers rose to ₹31,397.6 crore in July, as growth at multi-line general insurers moderated from the previous month

SC's motor TP direction may raise insurer commissions, consumer costs

The Supreme Court's proposed longer mandatory cover could raise upfront costs and insurer commission pressure, while doing little to address uninsured commercial vehicles

Insurance firm CEOs see pay hikes as Irdai tightens compensation rules

Bajaj Life CEO Tarun Chugh earned Rs 33.66 crore in FY26, more than three times the remuneration of the next-highest-paid chief executive, as regulatory scrutiny of insurer executive pay increases

Life insurers' new business premium rises 20.7% to ₹47,005 crore in July

Life insurers' new business premium rose 20.7% in July, led by strong growth in LIC's group business and steady expansion by private insurers

General insurance shares up after Supreme Court's Motor TP directions

Shares of general insurers advanced after the Supreme Court directed the insurance regulator to consider longer Motor Third Party insurance tenures and measures to improve insurance coverage.

Irdai's revised share-transfer regulations may raise compliance burden

Legal experts say the revised regulations could require more insurance share transfers to seek prior regulatory approval, despite higher thresholds under the SBSR Act