India
Indian cabinet OKs higher FDI limit for insurers
Indian cabinet OKs higher FDI limit for insurers
The revisions will now be introduced to Parliament.
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.
Indian life insurers record fourth straight growth in October
First-year premiums jumped 31.9% to $3.07b.
Insurtech firm Cover Genius extends pet insurance to India
It will partner with Indian online pet supplier PetPal.
Indian life insurers' first-year premiums rebound after four months
Private insurance companies led the increase.
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.
Premium downfalls still plague India's general insurers
Gross direct premiums fell 9.8% in May.
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%.