Insurance

Tata AIA Makes Highest Ever Bonus Payout Of Rs14.65 Bn

24% increase in bonus amount paid out in FY24 versus FY23

1 Days Ago

Pramerica Life Unveils Flexi Income Plan

It Enhances Financial Security for Indians

Jun 12, 2024

LIC’s Growth Story Continues

Strong Premium Performance Across All Segments in May 2024

Jun 11, 2024

77% Indians Choose EVs For Sustainability

ICICI Lombard’s new study highlights how Electric Vehicles are driving the future Transforming Motor Insurance

Jun 05, 2024

"IRDAI's Directive For Cashless Approval, Claim Settlement Achievable"

Delays arise from both insurer-related issues and hospital-related issues, such as hospitals not adhering to all insurance provider requirements

May 30, 2024

Policybazaar For Business' Premium Grows By 40%

The brand has a rapidly expanding client base exceeding 25,000, including industry giants such as Axis, Delhivery, Quess Corp, Info Edge, Cars24, Saxo Group, Manipal Cigna, Spinny, IGT, Mahindra DIE, Celebi, and JM Baxi.

May 30, 2024

Bogus Insurance Claims: 2 Accused Given Rigorous Imprisonment

Accused Satish Chander Wasoori, a claimant was sentenced to Rigorous Imprisonment (RI) of 5 years, while accused R N Tickoo, Investigator was sentenced to RI of 03 years

May 29, 2024

LIC's PAT At Rs406.76 Bn

Board recommends final dividend of Rs. 6/- Per Share, in addition to Rs. 4 interim dividend declared earlier

May 28, 2024

Instant Loan Against Policy Is Possible With TATA AIA LI

Since the launch, the digital-first initiative has already processed over 500 requests and disbursed around Rs. 5.5 crores, streamlining liquidity-solutions for policyholders

May 27, 2024

Bajaj Allianz Life's Claim Settlement Ratio Is 99.23%

Bajaj Allianz Life continues to deliver on its Customer First promise in FY24

May 27, 2024

ManipalCigna Health Insurance Celebrates 10 Years

The Company has grown exponentially since inception, with a 3.5x increase in Gross Written Premium (GWP) and a 2x rise in market share based on overall health insurance market over the last 5 years.

May 24, 2024

Shares Of Go Digit GI Closes At 12% Premium

Total Turnover (BSE+NSE) on Day 1 stood at Rs 1,660.02 crore

May 23, 2024

SBI General Unveils Bima Central: Seamless Servicing On Mobile App

A Revolutionary Step in Customer Experience

May 16, 2024

Medi Assist’s Q4 PAT Is Rs25 Cr

Market share of health insurance premiums (Group + Retail) is 19.6%, a growth of 186 bps y-o-y

May 15, 2024

Rushabh Gandhi To Be MD & CEO Of IndiaFirst Life Insurance

Rushabh Gandhi brings a wealth of experience at IndiaFirst Life in driving growth and profitability

May 15, 2024

Rushabh Gandhi To Be MD & CEO Of IndiaFirst Life

Rushabh Gandhi brings a wealth of experience at IndiaFirst Life in driving growth and profitability

May 15, 2024

Bajaj Allianz Life’s Profitable Growth Trend Picks Pace

IRNB surges by 21% in FY2024 vs. FY2023 making it the fastest growing life insurer (amongst top 10 private players)

May 13, 2024

Empowering Working Mothers: Term Insurance Crucial In Financial Planning

Mothers be it working professions or homemakers are the unsung heroes of many households

May 12, 2024

Go Digit General Insurance’s IPO Opens On May 15

price band set at Rs258 to Rs272 per Equity Share

May 10, 2024

Max Financial Services’ Revenue Up 48% To Rs466 Bn

Max Life New Sales Grew At 16% Against 8% Private Industry Growth

May 08, 2024

ICICI Pru Platinum Launched

Fund Value-based distributor payouts to motivate long-term investment behavior by customers

May 06, 2024

SBI Life’s Private Market leadership In NBP Grows 29% To Rs382 Bn

The company’s solvency ratio continues to remain robust at 1.96 as on March 31, 2024 as against the regulatory requirement of 1.50.

Apr 28, 2024

Tata AIA's Social Media Campaign Encourages Gen Z To Vote

#VoteKarneKoTaiyaar; ‘Register to Vote’

Apr 26, 2024

PFPDL Will Distribute Products Of HDFC Life

HDFC Life and Peerless Financial Products Distribution Ltd. (PFPDL) enter into a Corporate Agency Tie-up

Apr 25, 2024

ICICI PLI Will Leverage Tech For Balancing Growth, Risk And Profitability: Anup

ICICI Prudential Life Insurance PAT grows to Rs8.52 bn in FY2024

Apr 24, 2024

Generali Group Will Focus On Insurance And Asset Management From June

This transformational change in structure is designed to further accelerate growth and address key business priorities for the insurance and asset management businesses more effectively, fully aligned with the ambitions of the Group strategic plan "LifeTime Partner 24: Driving Growth”

Apr 19, 2024

HDFC Life's PAT Grew By 15%

Navigating well through sectoral changes with focus on increasing volumes, retail protection and making meaningful in roads into Bharat

Apr 18, 2024

ICICI Lombard’s PAT Grows 11% at Rs19.19 Bn

Gross Direct Premium Income (GDPI) of the Company stood at ? 247.76 billion in FY2024 compared to ? 210.25 billion in FY2023, a growth of 17.8%,

Apr 17, 2024

ICICI Lombard Partners With Policybazaar

Access to 10 Million Customers through the Partnership

Apr 10, 2024

Magma HDI General Insurance Signs MoU With Suryoday SFB

Magma HDI General Insurance has entered into a Corporate Agency Agreement to offer health insurance to Suryoday Bank’s Commercial Vehicle Loan customers

Apr 01, 2024

Bajaj Allianz Life Offers Instant Loan Against Policy In 24 Hours

No Credit Score Check, quick processing and assistance via the customer portal – Life Assist

Mar 29, 2024

Policyholder Can Access Policies Digitally Through eIA

This will enhance customer experience, and provides a centralized platform for managing all insurance policies seamlessly

Mar 28, 2024

Zoomcar Partners With ACKO Drive

This Strategic Partnership Will Provide Competitive Offers for Local Zoomcar Hosts to Purchase Additional Vehicles with Industry-Leading Financing Options

Mar 27, 2024

IRDAI Approves Insurance Electronic Marketplace To Establish DPI

Regulatory Revamp: A Paradigm Shift; The Authority approved eight principle-based consolidated regulations, following the comprehensive review of regulatory framework for insurance sector.

Mar 23, 2024

LIC Clarifies On Employee’s Role In Front Running Of A Client’s Trades

Yogesh Garg has been removed from the services of the Corporation consequent to his involvement in the front running

Mar 20, 2024

TATA AIG Introduces ‘Travel Guard Plus'

A Comprehensive Travel Insurance Solution with Enhanced Features

Mar 18, 2024

17% Hike In LIC’s Wage Bill

This will benefit more than 1,10,000 LIC employees

Mar 16, 2024

64% Of Equity MFs Outperform Respective Benchmarks In Feb’24

PL Wealth Management study is based on the analysis of 277 open-ended equity diversified funds

Mar 14, 2024

Royal Sundaram GI Partners with Dvara KGFS

The insurer is to Offer Comprehensive General Insurance Solutions to Dvara KGFS, headquartered in Chennai

Mar 13, 2024

Share Of Women Folios, Assets In B-30 Cities Shows Prominent Growth

AMFI Celebrates Women's Day: Showcasing Remarkable Rise in Women's Participation in Mutual Funds

Mar 11, 2024

LIC's Group Premium Doubles, Total Premium Rises 67% For Feb 2024

In February 2024, LIC saw a notable rise in Group Yearly Renewable Premium and Individual Premium, experiencing an increase of 36.10% and 11.69% respectively

Mar 09, 2024

FGII Urges Women DontBeAPlus1

The insurer's campaign encourages them to break free from the traditional norm of being added as a secondary beneficiary and opt for comprehensive health insurance solutions suited to their needs

Mar 08, 2024

Yes Securities Records Strong Growth In Women Investors

Maharashtra and Andhra Pradesh lead in women investor participation

Mar 08, 2024

Women Have An Average Of 12 Life Goals, Up From 5 In 2019

Bajaj Allianz Life Insurance's Life Goals Preparedness Survey 2023: Work-Life Balance, Fitness, Property Ownership & Financial Security amongst Top Life Goals for Women

Mar 08, 2024

Health Insurance Plans Too Generic To Merit Women’s Attention

75% of women believe that existing health insurance policies fall short of addressing women-specific needs; Future Generali India Insurance launched HEALTH POWHER – one of the most comprehensive policies to empower women and cater to their varied health needs

Mar 07, 2024

Homemakers to Entrepreneurs: Key insurance factors for Women

As more women take on diverse roles in both professional and personal spheres, understanding the nuances of purchasing life insurance becomes increasingly essential

Mar 07, 2024

Go Digit General Insurance Gets Sebi Nod For IPO

The public issue is offered at a face value of Rs 10 each is a mix of fresh issue of equity shares worth up to Rs 1250 crore

Mar 05, 2024

Investment Is Expected To Broaden, Supported By Public & Private Sectors

Despite concerns regarding fiscal consolidation, India's economic trajectory appears favorable, with contained deficits and declining inflation

Mar 01, 2024

ICICI Lombard Appoints Anand Singhi As Chief, Retail & Govt Biz

Singhi's appointment connotes a significant step towards fostering innovation and driving growth for ICICI Lombard

Mar 01, 2024

Canara HSBC LI Unveils Digital Campaign

It Spotlights iSelect Guaranteed Future Plus; "Fulfilling Financial Aspirations, Securing Milestones: Essence of the campaign"

Feb 29, 2024

Bandhan Financial Holdings Acquires Aegon Life

Bandhan Financial Holdings Limited has completed its acquisition of Aegon Life Insurance Company Limited from Aegon India Holding B.V. and Bennett, Coleman & Company Limited

Feb 26, 2024

ACKO Provides Insurance For Removable Batteries In EVs

As per ACKO's EV report, 49% of EV owners believe battery replacement costs are a significant part of EV ownership

Feb 26, 2024

BALIC Clocks Highest Growth Amongst Top 10 Private Life Insurers

It records over 3X growth in IRNB when compared to industry's average; IRNB sees 24% growth with INR 3,996 Crores

Feb 23, 2024

ICICI Lombard Appoints Priya Deshmukh As Head, Health Products, Operations

She will also be responsible for the IL TakeCare App

Feb 21, 2024

HDFC Life International Offers Overseas Indian students US $ health plan

'Global Student Health Care' plan is designed for students who are presently pursuing higher education abroad or aspire to pursue higher international education

Feb 20, 2024

PolicyGPT Gets 1500 Inquiries A Week

India's leading insurtech platform, offering group health insurance and business insurance solutions, sees threefold adoption; with 68% of queries now being handled autonomously

Feb 20, 2024

Income Tax Dept refunded Rs21,740 Cr to LIC

The Corporation is pursuing for the balance with the Income Tax Department

Feb 17, 2024

New Plan ‘LIC’s Amritbaal’ Launched

Life Insurance Corporation of India’s new Plan 874 is specifically designed to have an adequate corpus to meet the higher education and other needs of the child

Feb 16, 2024

70% Choose Health Insurance Beyond Tax Benefits

ICICI Lombard Study: Health Over Wealth

Feb 16, 2024

Lokmanya Multipurpose Coop Society Will Distribute Products Of HDFC Life

They enter into a Corporate Agency Tie-up

Feb 15, 2024

BALI’s Plankathon Sets Guinness Records: ISRO- Taapsee Pannu Led Fitness Initiative

Thousands pay tribute to the Indian Space Research Organisation (ISRO) by creating the Largest Online Video Album of holding the abdominal plank

Feb 11, 2024

LIC’s Q3 Net Profit Up 49% At Rs94.44 Bn

Board approved an interim dividend of Rs4 Per Share; Total Individual Business Premium for the 9 months period, ended December 31st 2023, increased to Rs2,09,719 crore

Feb 08, 2024

New Unit Linked Plan LIC’s Index Plus Launched

Plan 873 is a Unit Linked, Regular Premium, Individual Life Insurance Plan which offers life insurance cover cum savings throughout the term of the policy

Feb 05, 2024

Amrit Kal Will Indeed Mark A Golden Era For Our Youth

Union Budget demonstrates a clear commitment to stimulating economic growth through strategic investment in infrastructure

Feb 02, 2024

Net Tax Revenues Likely To Exceed By Rs0.3 Tn

Core Sector Expansion Halved To A 14 Month Low

Feb 01, 2024

Increase Tax Deduction Limit In 80D For Health Insurance

GST rate cut from 18% to 5% on the health insurance premiums will be a huge respite especially for senior citizens who are struggling to meet the rising healthcare costs

Jan 31, 2024

Make Retirement Planning More Attractive And Accessible

Create a more level playing field, fostering healthy competition within the insurance industry

Jan 30, 2024

Improve Tax Benefits To Enhance Insurance Coverage

No taxation for annuity plans will benefit both retirees and the industry

Jan 30, 2024

Zuno Integrates Its Health Insurance Platform With ABHA

Zuno General Insurance's policy management system now facilitates onboarding on the National Health Coverage Exchange (NHCX)

Jan 29, 2024

Indiafirst Life Appoints New CHRO, CRO

Sunder Natrajan Is Now Chief Human Resources Officer and Amrish Maheshwari Chief Risk Officer

Jan 23, 2024

Alwrite Adopts Moody’s RMS Location Intelligence API

The commercial insurance sector which waited for long to be revolutionised by fin-tech innovations now will be able to provide a quick quote procurement and placement procedure

Jan 23, 2024

HDFC Life Delivers A Robust PAT Growth

The insurer drives Broad-based growth led by deeper presence across geographies and customer segments

Jan 12, 2024

Reimagining Insurance With Predictive Analytics

The insurance sector is witnessing several use cases for advanced data and analytics capabilities and predictive modeling-based applications

Jan 12, 2024

Disinformation Tops Global Risks 2024 as Environmental Threats Intensify

Two-thirds of global experts anticipate a multipolar or fragmented order to take shape over the next decade

Jan 10, 2024

TATA AIG Pledges: Complete Claims Pay-out

The campaign video, featuring brand ambassador Ranbir Kapoor and renowned filmmaker Rohit Shetty, is crafted to spotlight TATA AIG's holistic approach towards demystifying the claims process

Jan 04, 2024

How It Is In Insurer’s Interest To Pay Claims

R. Madhavan, who is known for his authenticity and intelligence, questions the profit-making model of insurance companies, ACKO in this case, echoing the common consumer sentiment that why would it be in the insurers' interest to settle claims

Jan 03, 2024

Zuno HealthPlus Policy unveiled

An Affordable & customisable Health Insurance plan

Jan 03, 2024

67% Companies Not Prepared To Face Even Top Risks

Empowering India Inc. - ICICI Lombard & IRM India Risk Index Report Elevates Risk Management; Close to one third of respondents, do not have any solution or any insurance to face identified top risks

Dec 29, 2023

Facial Analytics, AA Models To Lead To Customer-Focused Insurance Services

The IRDAI's expansion of the 'Use and File' scope has further empowered insurance companies to innovate, offering tailor-made products that cater to individual needs and preferences

Dec 28, 2023

Nvest Is Winner Of Futurance

It is HDFC Life's platform for start-ups to provide innovative solutions

Dec 26, 2023

HDFC Life & NKGSB UCB Form Corporate Tie-up

NGKSB customers will be able to avail a bouquet of traditional, term, pensions and annuity products of HDFC Life

Dec 21, 2023

Employer-sponsored health insurance costs can rise by 11%  

Digital transformation key to managing rising organisational healthcare costs

Dec 20, 2023

Pramerica Life Insurance Is “AI/ML Market Disruptor of The Year”

Pramerica Life Insurance has been honoured with another prestigious awards "Moment of Truth (Claims Experience) - Life Insurance"

Dec 19, 2023

Ageas Federal LI Strengthens Partners with NKGSB Coop Bank

NKGSB Co-operative Bank today has 104 branches spread over the state of Maharashtra, Goa, Karnataka, Gujarat and Madhya Pradesh

Dec 19, 2023

Relief Measures undertaken by ICICI Lombard in Chennai

ICICI Lombard Mobilizes Task Force for Chennai's Flood Relief Efforts

Dec 16, 2023

HDFC Life’s HackInsure seeks GenAI solutions for Insurance

HDFC Life, in partnership with Amazon Web Services (AWS) recently conducted a GenAI themed Hackathon. Out of seventeen participating companies, six were shortlisted and three (Vitt AI, Lumiq and Raify)

Dec 15, 2023

Bajaj Allianz Life’s AUM Crosses Rs1 Tn

Achieved impressive growth in new business premium and market share

Dec 13, 2023

Canara HSBC LI launches Alpha Wealth

The plan empowers individuals to achieve ambitious life goals, providing a shield of life insurance

Dec 13, 2023

ICICI Prudential LI & Ujjivan SFB Adopt Bancassurance Mode

Partnership will enable ICICI Prudential Life Insurance to serve the large and growing customer base of the bank

Dec 13, 2023

‘HDFC Life Click 2 Achieve’ Launched

The plan gives unlimited combinations to enable a customer to achieve his dreams with the cushion of 'guaranteed returns'

Dec 12, 2023

ACKO Supports Chennai Amidst Floods

ACKO has witnessed an increase in total monthly claims with 1,000 claims reported from Chennai and Andhra Pradesh last week alone

Dec 11, 2023

ICICI Lombard's MaxProtect Provides Affordability and Extensive Coverage

Its newest addition to the bouquet of customer-centric product

Dec 05, 2023

Healthcare Costs Impacting India Inc

The Annual Health and Benefits Survey 2023 conducted by Global Insurance Brokers (GLOBAL) presents interesting insights into the impact of surging healthcare expenses on Corporate India

Dec 01, 2023

LIC’s Jeevan Utsav is a Ltd Premium plan with Guaranteed Additions

This plan is available for age starting from 90 days to 65 years. It gives guaranteed Life Long income and Life Long Risk Cover

Nov 30, 2023

LIC’s Jeevan Utsav is a Ltd Premium plan with Guaranteed Additions

This plan is available for age starting from 90 days to 65 years. It gives guaranteed Life Long income and Life Long Risk Cover

Nov 30, 2023

Tata AIG Health Supercharge has 5X Coverage

Extra premium discount of 5% at the time of first inception as well as on renewals for younger families of age 40 years or below

Nov 28, 2023

HDFC Life’s Guinness World Record For Largest Online Selfie Mosaic

19,097 photos clicked by individuals for its 'Insure India' Campaign

Nov 27, 2023

Pramerica Life RockSolid Future Plan offers Guaranteed Returns

Flexible payout options between Lumpsum or Income benefits, catering to individual financial preferences

Nov 22, 2023

Pramerica Life RockSolid Future Plan offers Guaranteed Returns

Flexible payout options between Lumpsum or Income benefits, catering to individual financial preferences

Nov 22, 2023

Zuno General Insurance’s EV Add-On Cover

the EV Add-On Cover includes three essential components to ensure EV owners have a robust and tailored insurance coverage

Nov 22, 2023

MediBuddy & ABHFC’s Healthcare Plan for Housing Finance Customers

MediBuddy will provide exclusive healthcare services at a remarkably low cost of INR 299, which includes INR 1000 worth of benefits in OPD, Lab Tests, and Health Packages. MediBuddy plan will be offered to all ABHFL customers through their portal

Nov 22, 2023

HDFC Life to offer insurance to Karnataka Bank’s customers

By combining Karnataka Bank's century old banking experience and HDFC Life's expertise in providing quality life insurance products, this collaboration is set to deliver a host of benefits along with superior service to customers seeking financial security and life protection

Nov 20, 2023

HDFC Life Wins Golden Peacock Award for Excellence in Corporate Governance

An Assessment Group comprising of Corporate Governance, Sustainability, ESG and Risk Management experts was set up to assess the applications

Nov 16, 2023

Star Health's Fully Digital, Customizable Insurance Product

The insurer empowers policyholders with 5 optional covers for enhanced protection

Nov 16, 2023

World Diabetes Day: Know your risk, Know your response

Views of spokespersons of Tata AIG General Insurance and Future Generali India Insurance Company

Nov 14, 2023

ACKO Partners with R Madhavan as their ‘Voice of the Customer’

Madhavan’s role is To Simplify Complex Insurance Questions & Help Customers Make Informed Decisions

Nov 14, 2023

ACKO’s Insurance For Cricket Fans: The 100 Over Cover

This first of its kind product provides insurance cover for fans against any sort of personal injuries while watching the match - whether in the stadium or from the comforts of their homes

Nov 13, 2023

ManipalCigna Health Insurance’s Ad films Illuminate Spirit of Diwali

The insurer urges viewers to consider the crucial role health insurance plays in safeguarding their family's financial well-being

Nov 10, 2023

Shriram Life Insurance’s new premium up 88%

The company sold 1,42,914 individual policies in the first half of the year

Nov 09, 2023

Private insurers’ resilience in biz growth despite taxation changes: ICRA

New business premium growth for private insurers estimated at a resilient 13-16% in FY2024

Nov 09, 2023

Private life insurers’ strong growth in retail APE

MAX Life surpasses HDFC Life as the fastest growing Life Insurer among peers

Nov 09, 2023

6 out of 7 InsureTech Unicorns focus on B2C

Launched at the sidelines of 'Future Forge 2023', the report highlights the tech integration in the insurance ecosystem

Nov 07, 2023

TATA AIG offers travel insurance to Air India passengers

TATA AIG to offer seamless travel insurance, allowing Air India passengers to purchase coverage during their flight booking process

Nov 07, 2023

Rishabh Pant advocates term insurance & savings

Indians across smaller cities are predominantly 'savers', with 58% saving regularly and 27% saving occasionally

Nov 06, 2023

IRDAI directs CIS in health insurance empowering policyholders

The Customer Information Sheet is designed to provide policyholders all important information about their health insurance policy in simple language in a snapshot

Nov 03, 2023

Star Health’s 35% jump in Q2 PAT 

It registers a net profit of Rs125 cr for Q2FY24

Nov 01, 2023

ManipalCigna Insurance offers ‘Lifetime Health' and 'Prime Senior'

The insurer is committed to increase penetration of health insurance in Andhra Pradesh & Telangana markets

Oct 26, 2023

Plum launches ‘e-imburse’

Insurtech is building a 0-1 tech stack to reimagine digital-first insurance

Oct 26, 2023

Choice Insurance Broking for Karnataka's livestock scheme

The contract value for this initiative stands at Rs17 Cr

Oct 25, 2023

Akshaya Kashyap is FGII’s CPO

Our primary focus is on promoting our dedicated current team members: Anup

Oct 23, 2023

Sikkim Floods: ICICI Lombard GI’s digital mode for claims

The insurer's team is available 24*7 to provide facilitate a seamless claims settlement

Oct 23, 2023

Insurtech startup for commercial line ‘Alwrite’ raises Rs 10 crore in seed funding

The digital platform offers quote procurement & placement, underwriting & user management solutions to ease the process

Oct 18, 2023

DFS Secretary discusses plans to increase penetration with general insurers

Measures for the growth of general insurance sector

Oct 18, 2023

Tata AIA’s new brand theme Har Waqt Ke Liye Taiyaar

Lead a fikar-free life

Oct 17, 2023

45% growth in HDFC Life’s sum assured; retail protection APE up by 46%

There is healthy growth of 10% in number of its policies

Oct 17, 2023

Bajaj Allianz Life eTouch offers health management services

These services help in easy and quick access to medical consultation

Oct 17, 2023

General insurance premium expected to surpass Rs3,91,216 crores by 2030

India Insurance Report- Transforming Indian Insurance- Series II by BIMTECH

Oct 16, 2023

Possibility of OMO-sales may pose short-term pressure on interest rates

The RBI maintained the status quo on policy rates and stance, aligning with the market expectations.

Oct 16, 2023

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