Life Insurance

Life insurance policy surrenders outpaced maturity payouts: RBI report

Reflects policyholder dissatisfaction, product mis-selling, among others

Bima Sugam's first products set for Sept-end launch: Irdai Chairman

Irdai Chairman Ajay Seth says Bima Sugam will roll out initial motor, health and term insurance products by September-end as insurers complete technology integration with the platform

Protection products drive near double-digit VNB growth for life insurers

Life insurers reported healthy growth in value of new business in FY26 as higher sales of protection and non-par products lifted profitability despite higher operating costs

Pvt life insurers rekindle agency networks amid scrutiny over bancassurance

Private life insurers are ramping up agency investments to diversify distribution as concerns over bancassurance mis-selling trigger closer scrutiny

You may already have ₹7 lakh life insurance. Here’s how | EDLI scheme

The Employees’ Deposit Linked Insurance Scheme (EDLI) is a life insurance cover linked to the EPF account, offering up to ₹7 lakh benefit to the registered nominees

Checking digital insurance fraud key to financial inclusion goals

As digital platforms expand coverage across India, cybercriminals are targeting first-time buyers with online scams

Life insurance premium growth slows as LIC's momentum eases in May

Industry premium growth moderated to 5.1 per cent in May as group single premiums normalised and LIC's growth slowed, though private insurers continued to gain market share

Weak group business drags life insurers' new biz premium to 10-month low

Industry NBP rose 5.15 per cent year-on-year in May, with weak growth in group insurance premiums weighing on both LIC and private-sector life insurers

Life insurance for young professionals: Who needs term cover and how much

Term insurance has one clear purpose: Ensuring your income for your family

GST rationalisation drives surge in Rs 2 crore-plus term insurance covers

Share of policies above Rs 2 crore jumps to 34 per cent in FY26 from 24 per cent in FY25, as cheaper premiums prompt Indians to reassess coverage needs

Aviva Life targets 3x jump in annualised new business premium in 5 years

The insurer currently has around 350,000 customers and plans to increase annual customer additions from nearly 25,000 at present to 50,000 initially, before gradually scaling up to 75,000

Generali Central Life Insurance loss widens to ₹178 crore in FY26

Generali Central Life Insurance reported widening of loss to Rs 178 crore for FY26 driven by strategic investments towards brand transition and market expansion. The insurer had booked a loss of Rs 6 crore in the previous financial year. However, the total income during the year rose to Rs 3,577 crore from Rs 3,172 crore in the preceding fiscal year, Generali Central Life Insurance said in a statement. The company's income from individual first-year premium doubled to Rs 964 crore from Rs 476 crore in the previous fiscal year. Renewal premiums increased to Rs 1,427 crore from Rs 1,318 crore a year ago. The company's Gross Written Premium grew by 16 per cent to Rs 2,910 crore in FY26, from Rs 2,511 crore in FY25, reflecting steady momentum across individual and group segments, it said. The company's Assets Under Management (AUM) crossed the Rs 10,000 crore milestone to reach Rs 10,470 crore in FY26, registering a 19 per cent growth. Commenting on financial number, Generali Central

Life insurance companies seek broader guardrails for CEO salaries

The regulator cited that the CEO salaries account for major chunk of wage expenses of the company

IndusInd Nippon Life Insurance FY26 profit rises 15.12% to ₹248 crore

IndusInd Nippon Life Insurance on Monday reported 15.12 per cent rise in profit after tax at Rs 248 crore for financial year 2025-26, on the back of high growth in new business premium. A year ago, the company had reported a net profit of Rs 215.43 crore. New business premium of the company increased 18.5 per cent year-on-year to Rs 1,475 crore in FY26. The total premium grew 5.95 per cent to Rs 6,051 crore. During the fiscal year, the assets under management (AUM) of the company surged 3.85 per cent year-on-year to Rs 40,214 crore, a statement said. "The strong growth in new business premium, along with improved profitability, is a testament to the trust our customers place in us and the commitment of our teams on the ground," Ashish Vohra, executive director and chief executive officer of IndusInd Nippon Life Insurance said. The claims settlement ratio of the insurer stood at 98.98 per cent in FY26. However, solvency ratio declined to 218 per cent, from 235 per cent. Additional

ULIPs retain dominance in private insurers' product mix despite policy push

This is despite sharper push towards protection products after GST relief

ULIPs dominate private insurers' FY26 product mix despite protection push

Private life insurers continued to depend heavily on ULIPs in FY26, although protection products gained momentum after GST exemption and rising customer demand for life cover

HDFC Life declares record Rs 4,596 crore bonus for policyholders

Life insurer says the bonus will benefit 22.2 lakh participating policyholders, with a major portion to be paid out during FY27

Tax benefits meant for savers must not become subsidies for sellers

Tax breaks meant for savers are increasingly enriching insurers and distributors, while mis-selling leaves ordinary investors exposed to heavy losses

Life insurance onboarding: Disclose ailments, habits; take tests if needed

Appoint a guardian for minor nominees; update nominations after major life events

Life insurers well-placed on valuation, margin expansion triggers

Life insurers recorded robust premium growth in FY26, but FY27 outlook remains mixed amid geopolitical risks, GST impact and evolving product mix dynamics