India

Indian insurtech Turtlemint raises $46m in funding round

It will use the money to expand its distribution reach.

India mulls hiking LIC's authorised capital ahead of IPO

The life insurer's paid-up capital is currently at $1.4b.

India mulls capping banks' ownership stakes in insurers

It suggests that the central bank is looking for uniformity in ownership rules.

Indian insurers, paytech partnerships bring wider distribution

Insurers that have done so will reach a bigger client base with less cost.

India's budget proposals could help insurers woo foreign capital

A capital influx could allow the sector to develop distribution networks.

Insurtech firm Cover Genius extends pet insurance to India

It will partner with Indian online pet supplier PetPal.

Indian motor insurance segment to shrink 27.2% in 2020

Lockdown measures have snowballed into a decline in premium collections.

India health claims surge 240% to $152.7m

Average claim per person reached $2,125.

India's short-term COVID-related insurance plans to push policy uptake

More people are likely to buy plans as COVID-related costs became more known.

Indian e-commerce firm Paytm buys out Raheja QBE General Insurance

Former owners Prism Johnson and Australia's QBE will divest.

India urges insurers to offer COVID-specific health policies

A lump sum benefit equal to 100% of the sum insured shall be payable.

India's general insurance sector to decelerate 4% in 2020

Sector growth has been adjusted at a CAGR of 6.2%.

Indian non-life insurance premiums dwindle 10.6% in April

Monthly premiums declined 11.3%, with the motor segment plunging 49%.