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…
Strong Performance Despite Policy Sales Decline Key Highlights: Overall Growth: Life insurance companies posted a 13.16% year-on-year (Y-o-Y) increase in new business premium (NBP), collecting ₹30,347 crore in October 2024.…
Simplified Language: A Solution for Better Customer Satisfaction Key Developments: Simplification is Key: Pushpa Girimaji, member of the IRDA's Insurance Ombudsman Advisory Committee, has emphasized the importance of using clear,…
Simplifying Policy Language to Benefit Customers and Insurers Key Highlights: Call for Clarity: Pushpa Girimaji, a member of the IRDA's Insurance Ombudsman Advisory Committee, has emphasized the need for insurance…
A Promising Start for Niva Bupa on D-Street Key Developments: Listing Gains: Niva Bupa Health Insurance Company shares debuted on Wednesday with a 6.08% premium on the Bombay Stock Exchange…
LIC’s Strategic Entry into Health Insurance Sector Key Developments: LIC’s Plans: Life Insurance Corporation of India (LIC) is set to make a decisive move into the health insurance segment by…
Life insurance companies in India reported a 13.16% year-on-year (Y-o-Y) growth in new business premium (NBP) for October 2024, collecting a total of Rs. 30,347 crore. This growth was largely…
Life Insurance Corporation of India (LIC) has announced its Q2 results for the fiscal year 2024, revealing a 13.77% increase in revenue compared to the same period last year. However,…
Venu Srinivasan, Chairman Emeritus of TVS Motor, and V Jagannathan, Founder of Star Health and Allied Insurance, have unveiled Galaxy Promise, the first product from their newly formed joint venture,…