India
India’s life insurance first-year premiums fall 11.6% in February
India’s life insurance first-year premiums fall 11.6% in February
Meanwhile, number of policies and schemes for the month dipped by 22.22% YoY.
Allianz to sell 26% stake in Bajaj insurance units for $3b
The stake will be acquired by the Bajaj Group.
Term insurance uptake by women in India rises to 18%
Salaried women make up nearly half of buyers.
India’s non-life insurance sector dips 2.82% in February
General insurers, the largest share, recorded a contraction.
Indians face higher premiums on spiralling healthcare costs
Hospital expenses keep rising due to inflation and demand for sophisticated treatments.
Prudential Services India to expand, adding over 400 tech professionals
These professionals should specialise in data, AI and cyber security.
Tata AIA’s new plan offers flexible financial security, wealth creation
It also ensures continued benefits if the policyholder passes away.
ICICI Lombard General’s capitalisation steady in the medium term
The company is expected to enhance its underwriting risk selection.
5% face over 30% health premium hike in India
Half see an annual increase of less than 10% and continue renewing their policies.
Hyundai India partners with Magma for motor insurance
It will be offered across 600+ dealerships across the country.
Digit Insurance launches AQI-based policy for Delhi workers
Claims are triggered if the Air Quality Index surpasses 400 more than twice.
InsuranceDekho boosts agent network by 92% in 2024
It also aims to expand its footprint to six lakh villages.
HDFC Life launches new life plan
Additional features include the option to extend life coverage to a spouse.
Why India’s deposit insurance should increase
Currently, premiums are charged at a flat rate.
Bima Trinity initiative to boost insurance industry: CareEdge
The industry’s growth can be attributed to retail health and motor.
360 ONE Asset buys 15% of Bharti AXA
Which is expected to boost its market presence in India.
Canara HSBC introduces flexible payout term insurance
It offers policyholders to increase coverage at key life milestones.
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