India
Foreign reinsurers raise India market share to 49% in FY 2024
Foreign reinsurers raise India market share to 49% in FY 2024
According to GlobalData, this share is expected to surpass 50% in 2025.
Rise of early-onset chronic illness press traditional insurance models
The median age for cardiology consultations has dropped to 33.
India’s insurance industry sees 32% to 34% annual growth
Over the past nine years, the industry has attracted nearly $6.5b in FDIs.
Index shows 47.75% premium surge in India post-COVID
Male Indian policyholders continue to pay 20.12% more than female buyers.
Unified Payments Interface drives one-third of insurance payments in India in FY 2025
The rise is most notable in investment-cum-insurance products.
India’s non-life insurance insurance sector grows 13.5% YoY in April
Growth during the month was supported by renewals.
New India Assurance’s net profit slips 13% on legacy balance provisions
The company retained its market leadership with a 12.6% share.
Indians prioritise insurance for protection against rising health costs
A third also reported buying more coverage to supplement their corporate health plans.
India’s motor insurance market to hit $21.5b by 2030
Passenger vehicle sales reached record levels last year, increasing 6% YoY.
Policybazaar expands health insurance access for global Indian families
Health insurance in India is at least 35% cheaper than in other countries.
9 in 10 Indian policyholders seek auto-replenish feature in health insurance
Yet, 32% are still unaware of the details of their plans.
India's life insurers report 8.4% rise in premiums for April 2025
Growth in individual non-single premium policies declined by 13.6% YoY.
Future Generali expands health insurance offering amidst medical cost surge
Over 80% are uncertain about whether their current health insurance is sufficient.
Magma General expands motor insurance reach via Toyota Tsusho tie-up
TTIBI will distribute Magma’s motor insurance products through its network of 150 dealers.
What’s stopping Indians from buying travel insurance this year?
Security and peace of mind remain key motivators for insurance uptake.
Shriram General Insurance sees 13% profit growth in FY 2025
For the full year, policy issuance rose 3%.
India’s mental health insurance claims rise 30% amidst growing awareness
Most claims were for mild to moderate conditions.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
