The Indian government has decided to exclude a captive insurance company regime from its latest package of insurance reforms. While the move represents a departure from earlier proposals, the reforms…
India's insurance sector is witnessing significant changes in claims patterns across health, motor, and term insurance segments. These trends highlight the evolving dynamics of consumer behavior, regional disparities, and the…
India’s non-life insurance sector reached a significant milestone in October 2024, recording premiums of ₹30,378 crore. This represents a 27.5% year-on-year growth, surpassing the ₹30,000-crore threshold for the first time…
Indian insurance companies are urging the government to issue sovereign debt instruments, including zero-coupon bonds, to diversify their investment options and improve the management of long-term liabilities. The proposal, presented…
Liberty General Insurance has joined hands with Profectus Capital to introduce tailored insurance solutions for micro, small, and medium enterprises (MSMEs) in India. This collaboration aims to integrate financial protection…
The Life Insurance Corporation of India (LIC) is reportedly exploring a foray into the health insurance sector through a strategic investment in a standalone health insurance company. As rumors swirl,…
The Finance Ministry has proposed major amendments to the Insurance Act, 1938, aimed at transforming the insurance industry in India. The suggested changes include increasing the Foreign Direct Investment (FDI)…
The Insurance Amendment Bill, currently under review, proposes transformative changes aimed at reshaping India’s insurance landscape. These changes are expected to enhance operational flexibility, encourage innovation, and promote competition, ultimately…
AU Small Finance Bank (SFB) has announced a strategic partnership with Bharti AXA Life Insurance, a subsidiary of Bharti Life Ventures, to provide comprehensive life insurance and financial security solutions…
Medi Assist, a leading player in India’s Third Party Administrator (TPA) sector, is gearing up for significant growth as it consolidates its position in the fragmented market through strategic acquisitions.…