India
IRDAI issues new 2025 framework to tighten fraud monitoring rules
IRDAI issues new 2025 framework to tighten fraud monitoring rules
Insurers must implement a board-approved Anti-Fraud Policy.
India’s life insurers post 14.8% rise in new premiums in September
This marks a rebound from the 5.2% decline seen in August.
GIC Re India enjoys strong balance sheet and favorable business profile
Shareholder equity has increased in the past five years.
LIC partners with RBL Bank to expand bancassurance reach
This will enable RBL Bank customers to access LIC’s life insurance products.
India exempts individual health insurance premiums from 18% GST
The change lowers costs for policyholders.
How India’s two-wheeler insurance claims rose 15% in 2024
EV-related claims are 18% to 20% more frequent than petrol bike.
India non-life insurance premiums growth eases to 1.6% in August 2025
Growth in health, fire, and engineering insurance partly offset the decline.
India non-life insurers post 1.63% growth in August 2025
General insurers, which make up the bulk of the market, posted $0.23b.
IRDAI urges insurers to pass GST relief fully to customers
The Chairperson urged insurers to develop products for different population groups.
Tata AIA launches index funds on India’s top 500 firms
Both funds are open for subscription at ₹10 per unit until 22 September.
What drove India's life insurance sector to rise 6.6% in August 2025?
But new business premiums fell 5.2% year-on-year in August.
Why Indian insurers are expanding plans with outpatient health benefits
Regular outpatients have 5% to 10% fewer hospitalisations.
Tata AIA launches Shubh Maha Life with flexible retirement cover
The plan offers higher life cover during working years.
Canara HSBC Life Insurance unveils pension product for retirement planning
Key features include zero allocation charges.
India’s non-life insurance premiums rise 2.4% in July 2024
The Bima Trinity initiative is expected to drive further sector growth.
SBI Life Insurance launches flexible term cover with three plan options
Death benefit payouts can be structured as a lump sum.
India life insurers post 22.4% rise in July new business premiums
The market is expected to grow 10% to 12% annually over the next 3-5 years.
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