Insurance Brands
Non-par products gain ground in listed life insurers' product mix in H1FY26
Volatile equity markets and lower deposit rates boosted demand for non-par guaranteed-return products in H1FY26, lifting their share across most listed life insurers except HDFC Life
 "Non-par products gain ground in listed life insurers' product mix in H1FY26")
Life insurers' new business premium rose 4.2% in Q1 FY26, shows data
In April-June period of FY25, the life insurance companies posted nearly 23 per cent growth after the changes in surrender value norms effective from October 1, 2024
 "Life insurers' new business premium rose 4.2% in Q1 FY26, shows data")
Life Insurance Council to spend ₹160 cr yearly on awareness drive
The three-year campaign aims to bridge the protection gap and improve life insurance penetration, which fell to 2.8 per cent in FY24 despite industry premium growth
 "Life Insurance Council to spend ₹160 cr yearly on awareness drive")
Reliance General Insurance seeks a capital infusion of Rs 600 crore
Reliance Capital is undergoing bankruptcy proceedings since November 2021 after defaulting on loans worth Rs 24,000 crore
 "Reliance General Insurance seeks a capital infusion of Rs 600 crore")
Bogus GST invoices row: Prosecution starts against e-insurance intermediary
The Directorate General of GST Intelligence had in 2022 detected Rs 824-crore tax evasion by insurance companies
 "Bogus GST invoices row: Prosecution starts against e-insurance intermediary")
ICICI Pru, 14 insurance firms evaded Rs 824 crore input tax credit
Officials said further investigation revealed that other insurance companies and NBFCs also exploited a similar route to avail of ineligible ITC
 "ICICI Pru, 14 insurance firms evaded Rs 824 crore input tax credit")
Irdai fines Deinon Risk Rs 10 lakh for acting as insurance intermediary
The firm did not have a valid registration with the insurance regulator
 "Irdai fines Deinon Risk Rs 10 lakh for acting as insurance intermediary")
Insurance brokers call for securing coverage of properties in lockdown
Insured property should not remain unoccupied for a period exceeding 15 days or 30 days, policy coverage rule say
 "Insurance brokers call for securing coverage of properties in lockdown")
Insurance firms looks to bridge online trust deficit amid Covid--19 crisis
With customers caught in a swirl of panic and fear, life insurance companies are looking at confidence building measures for a post Covid-19 world
 "Insurance firms looks to bridge online trust deficit amid Covid--19 crisis")
Insurance brokers battle for survival as they lag behind in the tech race
The challenge for everyone is how to fend off competition from insurance companies and the sweep of technology, making their business models irrelevant
 "Insurance brokers battle for survival as they lag behind in the tech race")
Policy porting to overseas health cover, answers to your insurance queries
There is a provision for porting your existing health policy to another insurer, keeping the continuity benefits
 "Policy porting to overseas health cover, answers to your insurance queries")
Digital push: Insurance brands look to engage with the millennial buyer
Humour, straight talk and pithy messages power the advertising pitch as insurance brands look to engage with the millennial buyer
 "Digital push: Insurance brands look to engage with the millennial buyer")
