BUSINESS
ICICI Prudential Life Q2FY26 Results: Insurer's net profit rises 18% to Rs 296 cr
The company’s Annualised Premium Equivalent (APE) declined slightly by 3 percent to Rs 2,422 crore, compared with Rs 2,504 crore a year ago
BUSINESS
E20 fuel troubles may trigger insurance disputes as car maintenance costs double
Policy terms may need to revised to define ethanol-related exclusions clearly to prevent insurers from facing rising claim disputes over what’s covered and what’s not, industry insiders say
BUSINESS
Truhome Finance awaits rating upgrade after doubling AUM to Rs 20,000 crore
Warburg is expected to provide additional growth capital as Truhome scales up further
BUSINESS
Composite licensing may not be included in Insurance Amendment Bill to be tabled in Winter Session
Industry executives believe lawmakers are more likely to prioritise the FDI change, over more technical amendments. Rationale behind introduction of Composite License likely to be deliberated further by IRDAI and insurance companies, sources suggest.
BUSINESS
Non-life insurers' premium grows 13.17% in September; Acko, United India lead
Overall, general insurers continued to dominate the market with an 83.65% share, followed by standalone health insurers at 11.88% and specialised insurers at 4.47%.
BUSINESS
Life insurers’ new business premiums rise 14.8% in September, led by private players
On a year-to-date basis, LIC’s collections rose 4.7 percent to Rs 1,21,008 crore, from Rs 1,15,550 crore in the first half of FY25.
BUSINESS
Canara HSBC Life banks on new agency, digital channels for next leg of growth amid IPO launch
No fresh fund infusion planned; insurer to fund expansion through internal accruals, says CEO Anuj Mathur
BUSINESS
Bima Sugam platform to rank insurance products using AI-driven metrics, will go beyond just pricing
The idea is to help consumers make informed decisions based on the reliability and performance of insurers, not just on affordability, says Deepak Rajoo, CIO, Royal Sundaram Insurance
ECONOMY
RBI to launch certificate of deposits' tokenisation tomorrow, says official
Pati cautioned that such innovations must be approached thoughtfully, with robust legal and regulatory frameworks in place
BUSINESS
Insurance agents & associations likely to take up GST issue with IRDAI, Finance Ministry
While strict cost caps has forced private insurers to pass GST burden to agents, PSUs like LIC, New India Assurance, Oriental and United India have decided to absorb loss
BUSINESS
Acko Life CEO Sandip Goenka steps down
Goenka, who took charge on October 15, 2024, stepped down from the role this month, ending an 11-month tenure at the company
BUSINESS
Battle for India’s largest mid-sized bank intensifies
While the top 3 private lenders HDFC Bank, ICICI Bank, and Axis Bank have stayed steady for over a decade, most of the action in the pecking order has been in the mid-tier where banks have swapped ranks in a tight contest
BUSINESS
GST cut on insurance may trim medical inflation but won’t shift consumer mindset: Debashish Banerjee, Partner, Deloitte
Deloitte’s Debashish Banerjee says the bigger barrier to insurance penetration is trust, not pricing, and GST relief alone won’t change consumer behaviour
WORLD
H1B Visa cost hike could further dampen demand for overseas education loans
Industry experts say the sector has witnessed decline since Trump’s Presidency and demand for US education loans for the Fall 2025 academic year has plunged compared to a year ago
BUSINESS
Leading insurers see ITC impact from GST exemption as manageable, no major disruption
Experts are of the view that smaller, retail-focused insurers may face pressure sooner, while larger diversified players can cushion short-term margin shock
BUSINESS
Micro-covers turning 'push' insurance into 'pull' products, says Universal Sompo CEO
Regulators are also examining structural reforms such as monoline alongside composite licenses, which could reshape the way insurers operate in India, Mathur says
BUSINESS
'Insurers spend large portion of premium towards overheads like commissions leaving little for claims,' says AHPI’s Girdhar Gyani
He flags insurers’ unwillingness to cover advanced treatments, low incurred claim ratios that leave little for actual patient payouts, and delayed bill authorisations that prolong discharges.
COMPANIES
Shriram Wealth bets on 'democratising' wealth, to soon enter Rs 10 lakhs-Rs 2 crore segment
Shriram Wealth builds early traction with 400 families and 150 professionals across 11 cities within three months of launch, says MD and CEO Vikas Satija
BUSINESS
MC Analysis | Why introducing a regulator for healthcare could be difficult
Industry’s demand in favour of introducing a healthcare regulator has been gaining grounds recently but industry complexities could dampen the progress.
BUSINESS
GST rate cut buzz likely to have dampened insurance sales in August
Consumer deferrals on GST expectations, along with crop drag, high year-ago base, and seasonal headwinds, made August a rare weak month for insurers after three months of strong growth
BUSINESS
GST cut likely to boost individual protection, but revival will be gradual, say analysts
The effect on volumes, product mix and profitability will depend on how distribution channels adjust, how insurers reprice to offset the loss of input tax credits, and whether employers push individual policies over group benefits.
BUSINESS
GST on insurance: Policyholders have a lot to know post GST 2.0, here's why
Here’s everything policyholders need to know about the GST cut on future premiums and policy benefits
BUSINESS
Despite life insurers’ premium growth of 6% in August, policy sales drop 9%
Premium income for private insurers climbed 10.84 percent to Rs 65,410.42 crore during the period under review, up from Rs 59,013.14 crore last year. LIC, on the other hand, posted a modest 3.02 percent growth, collecting Rs 98,051.09 crore compared to Rs 95,180.63 crore a year ago
BUSINESS
Insurance forum likely to seek clarity on input tax credit and GST exemption from IRDAI, Centre
Sources say, insurers may be fearing the possibility of customer grievances if refunds are delayed or denied, while actuarial teams face the challenge of recalculating projections for policies spanning across the transition period
