Page 8 - Insurance

Edelweiss Life Insurance likely to break even by FY27: MD & CEO Sumit Rai

The private sector insurer has been incurring losses and remains reliant on capital infusion from its Indian parent, which in FY25 infused Rs 200 crore into the company

Near-term pricing, growth worries for general insurance companies

In February 2025, the gross direct premium income (GDPI) for general insurers dropped 2.8 per cent year-on-year (Y-o-Y)

Bajaj Finserv to buy Allianz's 26% stake in insurance JVs for Rs 24,180 cr

Post the acquisition, Bajaj Group's stake in the two insurance ventures will go up to 100 per cent from 74 per cent currently

Health insurance: Choose policy with guaranteed bonus, unaffected by claims

While premiums may rise over time, a good bonus-linked policy lowers the per lakh cost of sum insured

LIC slips 3% as reports suggest govt to sell 2-3% stake; NBP falls 22% YoY

The government's stake sale aligns with its plan to meet the regulatory requirement of a 10 per cent public shareholding by 2027

Life insurers' new business premium growth drops 11.6% in February

LIC's weak performance drags overall premium growth of the segment

Several hits, few misses in Debasish Panda's 3-year tenure as Irdai chief

Irdai under Panda moved to principle-based regulation from rule-based regulation

Irdai lets insurers to undertake transactions in bond forwards for hedging

Regulator Irdai on Monday permitted insurance companies to undertake transactions in bond forwards as users for hedging interest rate risks. The Reserve Bank has recently issued directions specifying that any entity, eligible to be classified as a non-retail user shall be eligible to undertake transactions in Forward Contracts in Government Securities (Bond Forwards) as a user. In a circular on 'Exposure to Forward Contracts in Government Securities (Bond Forwards)', Insurance Regulatory and Development Authority of India (Irdai) said that in view of the RBI's directions and considering insurers requests for introduction of Bond Forwards, "insurers are hereby permitted ...to undertake transactions in Bond Forwards as users for hedging purpose". The Irdai has also imposed certain conditions. Insurers should undertake only long positions in Bond Forwards (buying Bond Forwards) and report such transactions on quarterly basis. Also, Bond Forwards are not permitted for ULIP business, I

Insurance cos knock on Irdai door seeking more time to implement Bima-ASBA

The insurance regulator had in mid-February set the March 1 deadline for rollout of the feature, which allows insurers to take a customer's consent and block the premium amount for a period of 14 days

Deposit insurance cover hike may dent banks' net profit up to Rs 12K cr

While the proposed increase in the deposit insurance limit is not known, under various scenarios, the insured deposit ratio (IDR) may increase to 47.0-66.5 per cent

InsuranceDekho raises $70 mn from Beams Fintech, MUFG, BNP Paribas Cardif

The Gurugram-headquartered company serves over 10.2 million customers nationwide, with 21 new policies issued every minute on its platform

Insurance for natural disasters: Points to keep in mind while buying it?

Insurance plays a crucial role in mitigating the financial impact of natural disasters by providing a safety net that helps individuals and businesses recover quickly

Irdai retains obligatory cession at 4% for FY26, third year in a row

Obligatory cession is the portion of business that Indian non-life insurers must mandatorily reinsure with GIC Re

ITR to UPI: Money changes in March that will impact you financially

If you have chosen the old tax regime, ensure that your tax-saving investments under Sections 80C, 80D, 80G, and others are made before March 31, 2025, to maximise tax benefits

Health insurance premium growth in slow lane due to tapering demand

Change in accounting norms, sharp decline in premiums from govt. schemes have also weighed on health insurance premium growth

Irdai allows insurers to hedge volatility through equity derivatives

The regulator also issued guidelines aimed at providing insurers with enhanced opportunities for risk management and portfolio diversification

When you buy personal accident insurance, know what does it cover

Experts say customers should maintain personal accident coverage of at least 10 times their annual income

After HDFC Life, insurers brace for Rs 5,500 cr GST demands amid scrutiny

GST Adjudicating Authority upheld a tax demand of Rs 2,400 crore against HDFC Life Insurance, which could set a precedence for others in the insurance industry

Now you can use Bima-ASBA Facility while buying policy from Bajaj Allianz

Policyholders can utilise UPI's one-time mandate to authorise the blocking of a specified amount in their bank account through UPI

Banks continue to rely on certificates of deposits amid liquidity woes

Outstanding amount on CDs hits all-time high of Rs 5.19 trillion as of fortnight ending February 7