Page 2 - Insurance Industry

Term insurance: Here are the best plans and rates available for you

Here is a list of the best insurance premiums for a term insurance plan available for young male professionals living in cities and who have a longer investment horizon

Rethink insurance delivery to reach rural India: Irdai's Deepak Sood

Deepak Sood says India's digital infrastructure enables universal insurance, but the industry must reinvent distribution models to reach all socio-economic groups

Life insurers cut agents' slice to give customers the full GST pie

Commission payouts reduced by 18% as insurers pass GST cut benefits to customers

FSIB recommends Ramakrishnan Chander as LIC's next managing director

The Financial Services Institutions Bureau has recommended Ramakrishnan Chander for the post of LIC Managing Director, with the final decision to be taken by the Appointments Committee

GST 2.0: Pent-up demand behind spike in insurance sales on day one

The insurance industry has passed on the full reduction in GST to customers without changing product prices for now

Insurance policy renewals see delay ahead of GST reforms' implementation

Fresh issuances stay steady as customers weigh renewal options before GST reform

Switching health policy? Seniors must secure written assurance on benefits

On receiving the policy document, check fine print to ensure the commitment has been fulfilled

AMFI elects Sundeep Sikka as chairman, Vishal Kapoor as vice-chairman

Sundeep Sikka has been elected chairman and Vishal Kapoor as vice-chairman of AMFI. They will focus on expanding mutual fund reach, enhancing investor trust, and boosting financial inclusion

IT firm TCS receives $644 million order from Scandinavian insurer Tryg

Mega deals, which are typically worth more than $500 million, are key revenue drivers for IT services companies

Of winners and walkaways: Insurers roll the dice on SBI, Eternal, and One97

Front-runners lock in ₹2,000 crore while weaker holdings fold early

What are the best life insurance plans available for young professionals?

A good life insurance policy is a must for young, working professionals in cities. Here are some of the best premium plans from Morningstar

Raising FDI limit for insurers to 100% will create jobs: FM Sitharaman

The proposed raising of FDI limit in Indian insurance companies to 100 per cent would bring more players into the market and generate employment opportunities, Finance Minister Nirmala Sitharaman informed Parliament on Tuesday. Further, she said, "improved technologies and automation would lead to faster underwriting, claim processing leading to improved turnaround time thereby reducing cost and enhancing overall efficiency of the sector." The increase in FDI in Indian insurance companies from 74 per cent to 100 per cent was announced in the Union Budget on February 1, 2025. The Insurance Act, 1938 governs investment by insurers with a strong emphasis on safety, liquidity, and regulatory oversight by aligning investment by insurers with policyholder interests. The Act stipulates time, manner, form, conditions and instruments allowed for investment. Insurers are mandated to invest a specified percentage of funds in government securities and other approved securities as specified by

JM Financial unit to sell 2.1% stake in JMFHLL to Bajaj Allianz Life

Under an investment agreement signed on August 9, 2025, JMFCSL will offload 13,646,000 equity shares in JMFHLL at ₹48 per share

LIC's entry into bond FRA market likely to boost long-term G-Secs

With deals across 10 major banks, the insurer's move is expected to spur demand for long-term government securities while narrowing forward spreads for other players

LIC to explore composite insurance model once allowed, says MD & CEO

LIC may become a composite insurer offering general and health cover once Parliament clears the new policy, but has not finalised a health insurance acquisition plan

Irdai imposes ₹5 crore penalty on Policybazaar for violating norms

Upon examining a selection of 67 insurance policies, IRDAI found that premiums were remitted with delays exceeding 30 days

Meeting motor TP obligation tough due to IRDAI formula: Shriram General MD

Shriram General Insurance sees industry-wide difficulty in achieving IRDAI's motor third-party coverage targets and plans premium growth via non-motor insurance push

Star Health's Q1 FY26 results: Net profit down 17.7% to ₹262.5 crore

Star Health & Allied Insurance reports a 17.7% YoY decline in Q1 FY26 profit, but a 44% rise in profit as per IFRS. Gross Written Premium (GWP) grows by 13% YoY, with a 25% increase in retail premiums

DFS Secy Nagaraju seeks insurance brokers' help to boost coverage in India

M Nagaraju calls on insurance brokers to play a key role in raising awareness and boosting insurance penetration, particularly in rural areas and underserved sectors

Irdai's Tripathy cautions against practices by brokers to boost valuation

IRDAI's Satyajit Tripathy highlights the need for sustainable growth in the insurance broking industry, cautioning against practices that may harm the sector in the long run