India
Canara HSBC Life launches India manufacturing fund for ULIPs
Canara HSBC Life launches India manufacturing fund for ULIPs
The portfolio focuses on Automobiles, Capital Goods, Defence, Healthcare, and Metals.
Allianz SE mulls exit from Bajaj Insurance joint ventures
Bajaj Finserv holds a 74% stake in both joint ventures.
Niva Bupa Health’s IPO opens today, closes 11 Nov
The healthcare insurer has set a price range of ₹70 to ₹74 per share.
Foreigners in India buying insurance climbs 50%
Female policyholders have also increased from 4% to 11% over two fiscal years.
Pandemic, competitive rates drive NRI’s term insurance adoption
NRIs in high-income nations seek higher sums.
India’s life insurance sector bags 12% CAGR in past five years
The life insurance penetration rate is at 3.8%.
Competition Commission of India clears central bank on acquisitions
The central bank proposed stakes in both life and general entities of Future Generali.
Indian life sector’s new business premiums expected to rise in FY 2025
The industry could maintain a growth rate of 13% in the next 3-5 years.
India’s LIC cuts first-year commission to 20%
This adjustment brings the total first-year commission down from 35% to 28%.
India's non-life insurance sector dips 6.53% YoY in September
Year-to-date, the sector rose by 7.02%.
Canara HSBC targets family security with new insurance plan
The plan comes in two variants.
GIC Re maintains strong capitalisation in FY 2024
In FY 2024, the company reported a consolidated ROE of 9.5%.
Indian health insurance sector slated for 12.8% CAGR by 2028
The industry is also forecast to grow by 15% in 2024.
India launches pension system for all ages, infancy to 70
NPS Vatsalya allows accounts to be opened for children.
Gen Zs, Millennials drive 85% of total insurance sales
Gen Z and Millennial advisors conduct most of their business online.
Mumbai broker expands in Dubai
The division will serve as a regional hub for MENA markets.
Public insurers lag behind private in Indian market
Health and motor insurance were key growth drivers for private insurers.