India

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.

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%.

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.