In response to evolving fraud challenges, the Insurance Regulatory and Development Authority of India (IRDAI) has released a draft of new guidelines aimed at creating a robust insurance fraud monitoring…
In a move that could reshape India’s insurance market, InsuranceDekho, backed by TVS Capital Funds and Investcorp, is in advanced discussions to merge with competitor RenewBuy, reports Mint. This anticipated…
National Insurance Company (NIC), currently facing a substantial solvency shortfall of ₹8,000 crore, is making strategic moves to bridge the gap by identifying several high-value assets for sale. With its…
India's ambitious target for universal insurance coverage by 2047 is being bolstered by the rapid growth of micro-insurance policies, particularly among underserved and low-income segments. These policies have significantly contributed…
The Central Bank of India has received approval from the Competition Commission of India (CCI) to proceed with the acquisition of stakes in Future Generali's insurance businesses. The acquisition involves…
Life insurance companies in India have reported a robust 14% year-on-year (Y-o-Y) increase in new business premiums (NBP) for September 2024, driven by substantial growth from both the state-owned Life…
Private-sector life insurers in India are actively working to revise their commission structures for distribution channels, following a significant regulatory shift that took effect on 1 October. This change mandates…
India's life insurance sector has experienced a remarkable compound annual growth rate (CAGR) of 12% and 10.5% in terms of new business premiums and annual premium equivalents, respectively, from fiscal…
Life Insurance Corporation of India launches an affordable life insurance solution for micro-finance institutions, SHGs, and more, effective from 7th October 2024. The Life Insurance Corporation of India (LIC) has…
Finance Minister Nirmala Sitharaman introduces a long-term savings initiative for children, offering financial security and retirement savings from a young age. In a significant step toward encouraging long-term financial planning,…