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Insurance Sector

ICICI Lombard Gen Insurance Q4 results: Net profit slips 2% to Rs 510 cr

ICICI Lombard on Tuesday reported a 2 per cent decline in net profit to Rs 510 crore for the fourth quarter ended March 31. The company had reported a post-tax net profit of Rs 520 crore in the year-ago period. However, the total income of the company rose to Rs 5,851 crore in the quarter under review compared to Rs 5,165 crore in the year-ago period. The gross direct premium income of the company improved to Rs 6,211 crore against Rs 6,073 crore in the same quarter a year ago, registering a growth of 2.3 per cent. The board have recommended a final dividend of Rs 7 per equity share or 70 per cent of face value of Rs 10 each for the financial year ended March 31, 2025, ICICI Lombard said in a regulatory filing. The solvency ratio was 2.69 times at March-end 2025 against 2.62 times on March 31, 2024, higher than the minimum regulatory requirement of 1.5 times.

ICICI Lombard Gen Insurance Q4 results: Net profit slips 2% to Rs 510 cr
Updated On : 15 Apr 2025 | 11:06 PM IST

Result preview: Insurers stare at weak Q4 on growth and margin pressure

Life segment players may report flat profit; claims, new norms to weigh on general insurers

Result preview: Insurers stare at weak Q4 on growth and margin pressure
Updated On : 14 Apr 2025 | 10:57 PM IST

Irdai warns Heritage TPA against unilaterally closing health claims

The order is in response to the remote inspection conducted by the authority from November 8, 2021 to November 11, 2021

Irdai warns Heritage TPA against unilaterally closing health claims
Updated On : 11 Apr 2025 | 11:14 PM IST

Term insurance for self-employed: Besides securing family, cover biz debt

Families of the self-employed face significant financial uncertainty upon the policyholder's death

Term insurance for self-employed: Besides securing family, cover biz debt
Updated On : 11 Apr 2025 | 10:31 PM IST

Non-life insurers' premium touches Rs 3 trillion mark in FY25 amid slowdown

The 6.2 per cent increase in premiums collected come in the backdrop of slowing economic growth in the closing quarters of FY25 and a change in accounting norms

Non-life insurers' premium touches Rs 3 trillion mark in FY25 amid slowdown
Updated On : 11 Apr 2025 | 4:50 PM IST

Non-life insurers' premium grow 6.2% to Rs 3.08 trillion in FY25

The general insurers' premium grew by 5.20 per cent Y-o-Y to Rs 2.58 trillion at the end of FY25

Non-life insurers' premium grow 6.2% to Rs 3.08 trillion in FY25
Updated On : 09 Apr 2025 | 9:53 PM IST

Honest, full disclosures key to hassle-free health insurance claims

Customers must disclose habits like smoking and alcohol consumption honestly, regardless of frequency

Honest, full disclosures key to hassle-free health insurance claims
Updated On : 08 Apr 2025 | 10:53 PM IST

LIC rejects USTR's claim of having unfair advantage as state-owned firm

Sovereign guarantee has never been used as a marketing tool for policies, says company

LIC rejects USTR's claim of having unfair advantage as state-owned firm
Updated On : 04 Apr 2025 | 11:36 PM IST

Reinsurance renewal rates likely to see a drop of up to 10% in FY26

Last year, the reinsurance rates saw a marginal increase of around 5 per cent after adjusting for risk

Reinsurance renewal rates likely to see a drop of up to 10% in FY26
Updated On : 28 Mar 2025 | 11:49 PM IST

Insurance sector sees record Rs 38,000 crore worth of deals in 2 weeks

The past fortnight saw a slew of big-ticket deals in the insurance sector, with the biggest of them being a Rs 24,180 crore acquisition by Bajaj Allianz

Insurance sector sees record Rs 38,000 crore worth of deals in 2 weeks
Updated On : 28 Mar 2025 | 3:51 PM IST

Insurance sector sees record deals worth over Rs 38,000 crore in two weeks

The biggest among them is the Bajaj Group's acquisition of Allianz's stake in their two insurance joint ventures for Rs 24,180 crore

Insurance sector sees record deals worth over Rs 38,000 crore in two weeks
Updated On : 27 Mar 2025 | 11:48 PM IST

Govt approves Swaminathan S Iyer's appointment as Irdai Life Member

He is appointed for five years from the date of assumption of charge or until he attains the age of 62 years or until further orders, whichever is earlier

Govt approves Swaminathan S Iyer's appointment as Irdai Life Member
Updated On : 25 Mar 2025 | 8:13 PM IST

Star Health Insurance's shares hit 52-week low amid reports of Irdai probe

Company calls it a routine exercise to ensure compliance

Star Health Insurance's shares hit 52-week low amid reports of Irdai probe
Updated On : 25 Mar 2025 | 7:00 PM IST

Former SBI & LIC chiefs among new members of Irdai's advisory panel

The regulator proposed that the IAC should allow the circulation of meeting notices and agendas to its members in less than seven days, subject to chairperson approval

Former SBI & LIC chiefs among new members of Irdai's advisory panel
Updated On : 19 Mar 2025 | 6:08 PM IST

Allianz SE eyes partnership with Jio Financial after ending $2.8 billion JV

German firm Allianz may join hands with Mukesh Ambani-led Jio Financial Services as it seeks fresh entry into India's life and general insurance sector

Allianz SE eyes partnership with Jio Financial after ending $2.8 billion JV
Updated On : 19 Mar 2025 | 10:28 AM IST

Allianz to explore new avenues in India after exit from Bajaj JVs

Bajaj Group will acquire the 26 per cent stake in BALIC for Rs 10,400 crore and in BAGIC for Rs 13,780 crore from Allianz

Allianz to explore new avenues in India after exit from Bajaj JVs
Updated On : 18 Mar 2025 | 11:05 PM IST

Irdai move on equity derivatives: Insurers gain tools to manage volatility

Irdai felt the need to permit insurers to hedge through equity derivatives

Irdai move on equity derivatives: Insurers gain tools to manage volatility
Updated On : 02 Mar 2025 | 10:50 PM IST

Buffett's Berkshire posts record operating profit on insurance, investments

Fourth-quarter operating profit also set a record, rising 71 per cent to $14.53 bn, or about $1,010 per Class A share, from $8.48 bn a year earlier, reflecting gains in its insurance operations

Buffett's Berkshire posts record operating profit on insurance, investments
Updated On : 22 Feb 2025 | 7:34 PM IST

Over 50% individuals feel savings not enough for future, finds study

More than half of Indians surveyed feel unprepared for their future despite having a detailed financial plan or having done some degree of planning, says a study. The study of individuals in the age group of 35 to 54 years who financially provide for their ageing parents and growing children found that 60 per cent of respondents feel their savings are not enough for future. The respondents agree that "no matter how much they save or invest, they feel like it's never enough for future", the study by YouGov said. A majority 94 per cent of respondents said they either have a detailed financial plan or have done some degree of planning, the study, which surveyed more than 4,000 people across 12 cities across India, said. The study of aspirations, attitudes and financial preparedness of individuals in the 35-54 years age group stated stated that more than 50 per cent worry about running out of money, always feeling behind and not doing well enough despite efforts. "They show high relia

Over 50% individuals feel savings not enough for future, finds study
Updated On : 22 Feb 2025 | 7:01 PM IST

BALIC becomes the first insurer to go live with Bima-ASBA facility

Through Bima-ASBA, policyholders can opt for UPI's One-Time Mandate (OTM) and authorise the blocking of a specified amount, i.e up to Rs 2 lakh, in their bank account via UPI

BALIC becomes the first insurer to go live with Bima-ASBA facility
Updated On : 22 Feb 2025 | 4:58 PM IST