Life Insurance

Life insurers' profitability in Q2FY27 to improve on protection growth

Retail protection growth and a favourable product mix are expected to support life insurers' Q2FY27 profitability, while higher claims ratios could weigh on general insurers.

ICICI Life Q2FY27 earnings to mark Anup Bagchi's swansong at group

Bagchi's last working day at ICICI Prudential Life will be October 13; he is expected to be introduced to HDFC Bank investors when it announces Q2 results

ICICI Life Insurance appoints Sidharatha Mishra as new MD & CEO

The incumbent Anup Bagchi has tendered resignation after HDFC Bank announced his appointment on Thursday as MD & CEO of the bank, effective from October 13, 2026

Irdai commission cap plan sparks concern among insurance brokers

Brokers say lower payouts may not necessarily translate into cheaper premiums and could instead squeeze servicing economics, trigger consolidation, and weaken insurance distribution

Insurers seek softer landing on Irdai commission cuts in meet with chief

Ajay Seth meets insurers; industry seeks glide path on commissions, differentiated EoM limits

Irdai commission caps may weigh on insurance fee income of banks, NBFCs

Lenders with multiple insurer tie-ups and incentive-led payouts could face a sharper impact, while L&T Finance is seen as the most exposed among NBFCs

Three-day PSU bank strike may dent life insurers' September sales by 10-15%

A three-day public sector bank strike at the end of September could reduce life insurers' business through the bancassurance channel by 10-15 per cent, industry officials say

Bancassurance will be key to the insurance for all by 2047 goal: Padalkar

HDFC Life CEO Vibha Padalkar expects growth to return to early teens, with bancassurance, term insurance and non-par products driving expansion

Students' term cover: Buy adequate sum insured to cover education loan

A higher amount can be taken to provide a cushion to those who are likely to become financially dependent on the student in the future

Irdai takes firm stance on insurers breaching expense management limits

Regulator's action on EOM breaches signals tighter scrutiny of operating and distribution costs, though experts expect limited short-term business impact

Why are more Indians surrendering their life insurance policies early?

More Indians are surrendering their life insurance policies before maturity — and many could be getting back significantly less than they paid.

Why more Indians are surrendering life insurance policies before maturity

Life insurance surrenders have surged, with early exits concentrated in the first two years. Why are policyholders leaving policies early despite tighter disclosure and suitability rules?

Bajaj Life Insurance's Tarun Chugh top paid life insurer CEO in FY26

Bajaj Life Insurance CEO Tarun Chugh topped India's life insurance sector with ₹33.66 crore in FY26 as Irdai tightens scrutiny of executive pay and links incentives to customer outcomes

LIC's improving growth trajectory, VNB margin expansion support outlook

LIC's value of new business rose 61.3 per cent in the June quarter as a shift towards higher-margin non-participating products supported a sharp margin expansion

Life insurers' new business premium rises 20.7% to ₹47,005 crore in July

Life insurers' new business premium rose 20.7% in July, led by strong growth in LIC's group business and steady expansion by private insurers

Ensure product suitability so you stay the course with life insurance

Low policy persistency often reflects unsuitable product choices. Careful evaluation of insurance needs, affordability and investment goals can help policyholders avoid lapses and stay invested.

Beyond policy sales: Insurance companies must prioritise customer retention

Rising life insurance policy surrenders highlight weak policy persistency, underscoring the need for reforms focused on better products, sales practices and consumer retention

Premature life policy exits surpass maturity payouts, shows govt data

Surrenders and withdrawals accounted for 39% of total benefits paid by life insurers in FY26, overtaking maturity payouts amid rising early exits from long-term policies

Canara HSBC Life guides for 22-23% VNB margin in FY27: Anuj Mathur

Canara HSBC Life plans to expand its agency network to 5,000 distributors, grow alternate channels and deepen AI adoption to drive growth and profitability

SBI Life posts 22% rise in Q1 FY27 profit on strong premium income growth

The insurer reported robust growth in annualised premium equivalent and value of new business, while its product mix continued to shift towards non-par offerings