India
What type of insurance coverage do Indians prefer now?
What type of insurance coverage do Indians prefer now?
Women are increasingly choosing Critical Illness (CI) riders.
Manulife and Mahindra form life insurer joint venture in India
Each company has committed up to $400m.
India’s non-life insurance market to stay stable
Due to strong growth prospects, favourable investment conditions, and more.
Bajaj Life and Inka Insurance launch Inkapreneur for Indian founders
This aims to help entrepreneurs gain quicker and fairer access to life insurance.
Children drive surge in pollution-linked health claims in India
Pollution-related illnesses now form more than 8% of total hospitalisation claims
Aditya Sun Life rolls out dividend yield fund
The fund enables wealth creation through 100% equity exposure in a diversified portfolio, amongst others.
Tata AIA unveils digital engine to automate life insurance underwriting
Policy approvals that once took weeks can now be completed within hours.
PNB sells 10% stake in Canara HSBC Life
The divestment involved the sale of 9.5 crore shares.
Phoenix Mills secures India’s first pandemic business cover
The parametric insurance policy was launched by New India Assurance.
PNB MetLife launches pension fund with Policybazaar partnership
The fund is priced at $0.11 (₹10) per unit.
Transactional risk insurance claims rise in India as M&A deals grow
Insurers have so far paid out about $1m, with other claims still being processed.
India’s non-life insurers rebound as premiums rise 13.2% in September
The recovery was supported by higher renewals in core segments such as motor.
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.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
