Page 6 - Insurance Sector

LIC targets sales growth in double digits for FY26: MD & CEO R Doraiswamy

The 64 per cent market share is on a composite basis, in which group insurance plays a major role, says Dowaiswamy

Major private insurers seek time until 2027 for public listing plans

Irdai has proposed implementing Indian Accounting Standards (Ind AS) 117 - the Indian equivalent of IFRS 17 - from April 1, 2026

Non-life insurers clocked 2.7% growth in premiums in July, shows data

General insurers report flat premiums in July while standalone health insurers see modest growth; overall momentum slows amid accounting changes, weak motor segment

Renewal of life insurers' policies, after 1 year, declines in June quarter

Persistency is the proportion of life insurance business renewed from the business underwritten. The ratio is measured in terms of number of policies and premiums underwritten

How India's health insurance sector is undergoing a profound shift

The industry has grown in scale and ambition, but outdated reporting norms are being replaced-backed by regulations and market pressure-for better transparency and lasting sustainability

Banca channel key to achieve insurance for all: SBI Life MD Amit Jhingran

Following the company's Q1FY26 earnings, Amit Jhingran, MD&CEO, SBI Life Insurance spoke to Subrata Panda in Mumbai about the company's performance, growth strategy, challenges

Listed private life insurers see moderation in Ulip business in Q1

Private sector life insurers, including SBI Life, ICICI Prudential Life, and HDFC Life, see a moderation in ULIP business growth in Q1 FY26

SBI Life Insurance Q1 results: Profit up 14% to ₹590 cr on premium growth

SBI Life Insurance on Thursday reported a 14 per cent growth in net profit to Rs 590 crore for the June quarter of the current financial year. The company's profit after tax stood at Rs 520 crore in the April-June quarter of previous financial year. The total income of the company improved to Rs 38,696 crore as against Rs 34,392 crore in the same period a year ago, SBI Life Insurance said in a regulatory filing. New business premium of the insurance firm rose to Rs 7,270 crore during the period under review compared to Rs 7,033 crore in the June 2024 quarter. Its renewal premium has increased 24 per cent to Rs 10,550 crore as against Rs 8,540 crore in the the corresponding period ended on June 30, 2024. Asset Under Management (AUM) grew 15 per cent from Rs 4,14,770 crore as on June 30, 2024 to Rs 4,75,810 crore as on June 30, 2025 with debt-equity mix of 60:40, it said. The company's net worth increased 15 per cent from Rs 15,570 crore as on June 30, 2024 to Rs 17,830 crore as on

Tesla's entry into India to bring innovation in EV insurance space

Tesla's entry into India will drive innovation in the EV insurance market, prompting insurers to rethink product offerings and embrace technology-driven solutions

Jio Financial Services ties up with Allianz Group for 50:50 reinsurance JV

Sign non-binding agreement to set up equally owned JVs for life and general insurance biz

Home insurance: Ensure policy covers calamities, pays reconstruction cost

Disclose all extensions, additional structures at the time of purchase

ICICI Prudential shares drop 3% as analysts cut APE estimates post Q1

ICICI Prudential Life Insurance shares slipped over 3 per cent after analysts cut APE estimates after Q1 results

HDFC Life Q1 net profit rises 14% to ₹546 cr on premium growth

HDFC Life posts 14.2% YoY rise in Q1 net profit, driven by 19% growth in renewal premium and stable VNB margins; solvency ratio improves to 192%

Centre likely to relax the board regulations for foreign insurers

The official stressed that while the reforms are not intended to open the floodgates to foreign control, they signal a more welcoming approach to global participation in leadership roles

Non-life insurers' premium rises 6.3% in May, led by health players

Non-life insurance premiums rose to ₹22,126.72 crore in May 2025, with robust contributions from standalone health and specialised insurers despite regulatory format changes

Overexposure to group business a challenge for LIC, say analysts

LIC's solvency ratio rose to 211 per cent in FY25 from 187 per cent in FY23

We should just go for unified licences; must open up distribution: Singhel

Human memory is very short. The demand for health insurance is still fine, we still have a double digit growth, Tapan Singhel said

Consumer protection: Insurer must prove, not infer, pre-existing ailments

The State Commission noted it could not be inferred from the medical certificate that these ailments were present when the policyholder purchased the policies

LIC appoints Ramakrishnan Chandar as new Chief Investment Officer

As CIO of the Life Insurance Corporation of India, Ramakrishnan Chandar will oversee one of the country's largest investment portfolios spanning multiple asset classes

FM directs public insurers to adopt AI, expand portfolios for new risks

FM asks state-run insurers to tackle emerging risks like cyber fraud, diversify products, use AI for pricing and claims, improve penetration and transform digitally