The Indian insurance industry is poised for transformative growth, with projections from a Boston Consulting Group (BCG) and India Insurtech report indicating it could reach an impressive ₹930 lakh crore…
The Coffee Board of India has proposed the inclusion of coffee under the crop insurance scheme to support coffee growers across the country. Chairman MJ Dinesh revealed this during the…
Liberty General Insurance (LGI) is taking bold steps to raise insurance awareness and accessibility across India, targeting both urban and rural regions with innovative campaigns and grassroots initiatives. Aligning with…
Major Tax Policy Changes Expected on Insurance and Consumer Products Key Highlights: Insurance GST Rate: The GST Council will discuss exempting or reducing GST on health and life insurance premiums.…
Unlocking Economic Growth Through Insurance Penetration Key Highlights: Savings Potential: Expanding insurance penetration to underserved populations and events could save the Indian government nearly $10 billion annually, according to a…
Paving the Way for Greater Global Involvement and Insurance Access Key Highlights: 100% FDI in Insurance: The Indian government plans to propose allowing 100% foreign direct investment (FDI) in insurance…
Comprehensive Insights on India’s Insurance Sector Key Findings: Growth Amidst Challenges: India’s insurance sector has demonstrated robust growth, with gross written premiums (GWP) exceeding $130 billion between FY2020 and FY2023,…
Robust Growth in October 2024 Key Highlights: Overall Sector Growth: The Indian general insurance sector recorded a 27.53% year-on-year (Y-o-Y) increase in gross direct premium income in October 2024, reaching…
Mr. Chunky Chhetry, CEO of Sagarmatha Lumbini Insurance Company Ltd., Nepal has been elected to the prestigious Executive Board of Trustees of the Association of Insurers and Reinsurers of Developing…
Strong Growth Driven by Sales Increase and Operational Efficiency Key Points: Go Digit General Insurance’s net profit rose by an impressive 223.11% in Q2 2024, reaching ₹89.47 crore. The company's…