India

SBI General profit hits INR553 crores as share reaches 7.17%

Health segment grew 27% whilst the accident business expanded 40%.
5 days ago

India insurers reject 20% of recent claims

Six in ten respondents waited 6 to 48 hours for approval and hospital release.

India non-life premiums hit $37.0b in March 2026

IRDAI figures show annual premiums rose 9.20%.

Allianz forms 50:50 insurance joint venture with Jio Financial

The venture will offer general and health protection products after regulatory clearance.

PNB MetLife pushes guaranteed income plan with fixed payouts

Optional riders for accidental death and serious illness come at additional cost.

India’s regulator mandates Ind AS transition for insurers

Companies must still submit updated financial data even if relief is granted.

Why rural India is driving 43% of premiums as urban dominance slips

Districts with over 70% rural population contributed up to 24%.

India builds $1.4b maritime insurance pool to cut foreign reliance

The scheme will cover hull cargo liability and war risks for Indian linked vessels.

India expands Russian insurers to secure oil shipping cover

The approvals raise the total number of authorised providers to 11 for marine risk protection.

India health insurers hit policyholders with 50% to 200% hikes

More than 7 in 10 respondents said costs climbed sharply between 2022 and 2025.

India insurers post 13.9% premium rise as policy growth lags

Data shows that 21.27 million policies were issued, but expansion trailed the jump in income.

ICICI Lombard's earnings rise 11% in FY 2026

Gross Direct Premium Income rose to $3.2b.

Kotak Life ranks No. 2 in customer experience study

Insurer posts Net Promoter Score of 60, reflecting strong client loyalty levels.

GIFT City insurance market jumps 11-fold in 5 years

Premium volume rose from $102m in 2020 to more than $1.2b by 2025.

PNB MetLife launches index fund as 230m Indians face retirement

New pension plan tracks 50 dividend-paying firms to combat ageing crisis.

Generali taps Rao to run India P&C business

The change takes effect on 1 April, with the veteran bringing 35 years of sector experience.