Q3 results preview: Irdai's revised norms to weigh on life insurers' margin

Higher claims and operating expenses to impact non-life insurers' combined ratio

Implementation of new surrender value norms, higher acquisition costs, and pricing pressure in group term insurance are expected to weigh on the margins of listed life insurers in the December quarter of the current financial year (Q3FY25).

 

According to analysts, the revision in goods and services tax (GST) rates mainly for retail term and health insurance, potential changes in bancassurance regulations, amendments to the Insurance Act, and changes in personal and corporate income tax will be the key factors to watch out for the insurers.

 

Insurance companies now have to pay higher special surrender value to policyholders after the completion