Insurance Industry

Irdai withholds variable pay of some insurers' CEOs over expense targets

Regulator's action follows unmet 'expense of management' targets

Star Health wants 65% of business to come from smaller cities: Anand Roy

Anand Roy talks regarding its ambitious plans to focus on tier II and tier III cities, the rising role of artificial intelligence, and security measures after the data breach incident

Prudential to acquire 75% stake in Bharti Life Insurance for ₹3,500 crore

Bharti Enterprises said Prudential's investment in Bharti Life will support expansion of products and distribution across India

100% FDI in insurance: Will foreign capital lower premiums or raise risks?

Foreign capital enters insurance: What it could mean for premiums, claims, and policyholder protection

Insurance for All by 2047: What India needs to fix to meet the goal

Irdai's 'Insurance for All by 2047' vision aims universal coverage, but falling penetration, rural access gaps and affordability challenges raise questions over achieving the target

SBI General's FY26 profit rises 8.7% to ₹553 crore on premium growth

SBI General Insurance reports modest profit growth in FY26, supported by higher premiums, improved loss ratio, and gains in market share

Life insurers well-placed on valuation, margin expansion triggers

Life insurers recorded robust premium growth in FY26, but FY27 outlook remains mixed amid geopolitical risks, GST impact and evolving product mix dynamics

A first: Life insurers collected ₹4 trn in new business premium in FY26

Industry sees strongest growth since FY23 as new business premium crosses Rs 4 trillion, driven by GST cut, product launches and recovery after regulatory changes

$100 mn marine insurance pool on cards for vessels sailing via war zones

Indian insurers plan $100 million marine insurance pool to cover war risks for ships amid West Asia conflict, with possible government support and rising premiums

Irdai sets up sub-panel to review private health insurance landscape

Panel will assess coverage, claims, product design, and consumer experience, and suggest regulatory and operational steps to boost penetration, trust, and innovation

Irdai seeks compliance check, action plan on dark patterns from insurers

Irdai asks insurers to assess compliance with dark pattern norms within 15 days and submit corrective action plans within a month for any non-compliance

Ahead of IFRS transition, insurance industry's demand for actuaries rises

Insurers preparing for IFRS and risk-based capital frameworks are stepping up actuarial hiring, but limited supply, high turnover and rising reporting complexity pose challenges

DPIIT notifies 100% FDI in insurance companies under automatic route

The Department for Promotion of Industry and Internal Trade (DPIIT) under the Commerce and Industry Ministry has notified 100 per cent foreign direct investment (FDI) in the insurance sector following the enactment of legislation in this regard. The Government of India has reviewed the extant FDO policy on insurance sector and has made the amendments under the Consolidated FDI Policy of 2020, as amended from time to time, the DPIIT said in a notification. As per the Press Note No. 1 (2026 Series), 100 per cent FDI is allowed in the insurance companies under automatic route. In case of Life Insurance Corporation of India, only 20 per cent is permitted through automatic route. In an Indian insurance company having foreign investment, at least one among the chairperson of its board, its managing director and its chief executive officer, shall be resident Indian citizens, it said while specifying other conditions. Parliament passed Sabka Bima Sabki Raksha (amendment of insurance laws)

Commission expense ratio of life insurers rises to 6.86% in FY25

Life insurers saw commission costs rise in FY25, driven by higher payouts by private players, even as LIC cut agent commissions and insurance penetration slipped

Budget 2026-27: Insurance industry bats for income tax relief for premiums

Insurers also seek an increase in threshold for taxing maturity proceeds of high-value policies

India's insurance reforms mark a fundamental structural advance

The 2025 insurance law amendments removing the FDI cap signal a decisive shift towards capital depth, competition and technology, strengthening India's push for Insurance for All

HDFC ERGO MD & CEO Anuj Tyagi resigns, board begins succession process

HDFC ERGO CEO Anuj Tyagi resigns to pursue entrepreneurial plans, with the board starting a structured succession process to ensure leadership continuity

ICICI Pru Life Q3 margins expand despite slow premium growth, say analysts

Most analysts highlighted that the insurer's ability to sustain margins despite the loss of GST input tax credit was the key takeaway from the Q3FY26 results.

India's insurance penetration needle remains flat at 3.7% in 2024-25

In 2024-25, insurance density in India showed a modest rise, increasing from $95 in 2023-24 to $97 in 2024-25.

GI Council appoints S Prakash as CEO, Health Insurance Ecosystem

In his new role, he will work closely with insurers, hospitals, regulators and other stakeholders to support sector-wide initiatives