Page 2 - Insurance Industry

DPDP norms nudge insurance firms to boost tech systems, consent frameworks

Industry leaders say phased deadlines through 2027 give them time, but the compliance effort will require major process redesign

80% of Indians with disabilities lack health insurance, warns NCPEDP

A new NCPEDP white paper reveals that most persons with disabilities in India remain uninsured, face high rejection rates and encounter discriminatory practices across public and private schemes

High claims, low payouts: Why India's health insurance cover isn't enough

These concerns reflect a deeper structural challenge. India's insurance penetration remains low at 3.7 per cent of gross domestic product, roughly half the global average

Mahindra, Manulife to set up 50:50 JV for life insurance in India

The JV aims to offer long-term savings and protection solutions tailored to the diverse and growing needs of India's population, in line with India's 'insurance for all' vision by 2047

Life insurers' new business premium rises 12% in October on GST relief

Life insurers saw a 12% YoY rise in new business premium to Rs 34,006.9 crore in October 2025, supported by GST exemption benefits and robust individual and group segment growth

Pent-up demand boosted retail health insurance segment in October

According to data released by the General Insurance Council, standalone health insurers (SAHI) reported 38.3 per cent Y-o-Y growth in premiums for October, reaching ₹3,738.34 crore

Policyholders' views needed to make rules: Irdai Chariman Ajay Seth

Irdai Chairman Ajay Seth said the regulatory process must integrate policyholders' expectations and strengthen coordination among regulators to address overlaps and systemic financial risks

Kshema General Insurance to receive $20 million capital infusion from GCF

The capital received will be utilised to expand Kshema's offerings to reach a wider number of uninsured farmers and their crops, strengthening its underwriting capacity.

As insurance regulator, I have an open mind: Irdai Chairman Ajay Seth

IRDAI chief outlines priorities on GST reforms, capital efficiency, Bima Sugam rollout, and risk-based supervision, promising orderly growth and stronger policyholder protection

BS BFSI Summit: Bima Sugam to transform insurance sector, says industry

Bima Sugam will unify India's insurance market, boost rural reach, and make policies more transparent and affordable, said experts

PB Fintech share zooms 5% on robust Q2 insurance growth; buy, sell or hold?

PB Fintech shares rose after the company reported a strong September quarter (Q2FY26) performance, driven by robust growth in its insurance segment.

Reliance General aims to double health insurance business in 3-4 years

CEO Rakesh Jain says health segment to rise to 38% of overall portfolio as GST relief boosts demand and retail health gains traction

Allianz appoints Ritu Arora as country head for India effective immediately

In her role as Asia CIO, she managed investment functions across 12 countries with assets under management totalling about $50 billion, significantly boosting investments in Indian public markets

Life insurers' new business premium rises 14.8% in September 2025

Robust group segment performance led by LIC and private players drives 14.8 per cent year-on-year growth in new business premium for life insurers

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