BUSINESS
Why the push for inbuilt air travel insurance is gaining traction amidst the IndiGo crisis
The inbuilt travel insurance framework was reportedly stalled due to implementation complexities is now reviving momentum again
BUSINESS
SBI General targeting up to 8% improvement in combined ratio, says CEO Naveen Chandra Jha
The insurer’s bottom line has taken a 2–3 percent hit after individual and health insurance premiums were exempt from GST but effect is short term and manageable, the CEO tells Moneycontrol
BUSINESS
Generali Central Life to enter pension segment by Q4 FY26, says CEO Alok Rungta
'Pension is a segment where we are not present today and the opportunity is huge. People need to plan and fund their retirement more proactively than in the past, CEO Alok Rungta tells Moneycontrol
BUSINESS
Insurance premiums log FY26’s biggest jump in November as GST exemption lifts demand
Despite November’s exceptional numbers, the cumulative data for the fiscal offers a more sombre picture. In April-November, life insurers’ NBP grew 9.8 percent YoY
COMPANIES-2
Ageas Federal Life aims to triple its biz over next 3 years: CEO Jude Gomes
CEO Gomes said the company rules out near-term listing, says scale and market position must come first
BUSINESS
Bajaj Finserv sets sight on Rs 21,000–24,000 crore profit by FY30
Chairman Sanjiv Bajaj said he expects to evaluate a possible listing of at least some of the insurance arms within a 4–5 year window, meaning listing could happen by as early as 2028 or slightly later
BUSINESS
Private insurers face distributor pushback on ITC burden
Ongoing negotiations are examining whether a four-way cost-sharing model involving shareholders, distributors, policyholders, and vendors, could offer a balanced and sustainable solutions
COMPANIES
Niva Bupa launches digital academy to curb high agent dormancy
With a Rs 2 crore investment for the July–September period, the campaign aims to rapidly expand and activate Niva Bupa’s agency force by training 10 lakh potential agents
COMPANIES
Axis Max Life sees 60% jump in protection sales post GST exemption, pivots away from ULIPs
ULIPs, traditionally the company’s anchor category, now account for 37 percent of the retail portfolio as of Q2 FY26, down from 42 percent in Q4 FY25.
BUSINESS
Why gig-worker unions are pushing for insurance provisions under the new labour code
Unions say legal recognition means little without actual schemes, contributions and registration, leaving gig workers without enforceable social security
BUSINESS
MC Analysis | HDFC, ICICI & Kotak Mahindra lift share of top 10 banks’ market cap from 57% to 78% in 5 years
While Axis Bank emerges as the third-largest private lender in terms of AUM, reflecting its sizeable loan book, Kotak Mahindra Bank holds the third position in terms of market capitalisation, a distinction driven less by sheer scale and more by investor perception of quality, according to analysts.
BUSINESS
IRDAI likely to engage with CII-FICCI to shorten claim timelines
In this consultation, IRDAI is believed to have formalised the involvement of Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI) as neutral mediators to facilitate structured dialogue and consensus-building
BUSINESS
Winter Parliamentary Session: What the insurance sector is watching closely
Here are the top expectations from the insurance sector to watch out for from the Winter Session, which is scheduled between December 1 and 9
BUSINESS
India’s health insurance sector faces Rs 10,000-crore annual leakage due to fraud and abuse
Health insurance gross written premium has reached Rs 1.27 lakh crore in 2025 and is projected to nearly double to Rs 2.6-3 lakh crore by 2030, a BCG report said
BUSINESS
Why Bima-ASBA’s adoption may be stuck in limbo
While early adopters have shown the system can work, several insurers seem to continue to grapple with legacy infrastructure, complex bank and UPI integrations and concerns over near-term cash-flow disruption.
BUSINESS
Limited uptake hobbles ambition for India's National Health Claims Exchange
People close to the matter said insurers are largely in testing mode, evaluating the cost benefits and operational readiness of the standardised claims infrastructure before committing to full-scale migration
BUSINESS
BlackSoil-Caspian merger gets NCLT nod, creates $215 million SME and impact-focused NBFC
Looking ahead, the NBFC says it is targeting 25% CAGR over the next few years
BUSINESS
Despite GST 2.0 cuts, many policyholders say they face higher insurance premiums; 43% report no benefit
While large players such as LIC have publicly stated that they can absorb the impact, the broader industry remains wary of margin pressure, evolving cost structures, and potential product-level recalibration
BUSINESS
Pollution pushes health insurance claims up 14% post-Diwali across various cities as respiratory, cardiac cases surge
This comes amid long-standing discussions within the industry about introducing city-specific health insurance premiums that factor in air pollution levels as a key risk indicator.
BUSINESS
‘Third party’ definition under motor insurance may be expanded to include owner-drivers
Sources say, this change is currently being circulated among stakeholders and if approved, is likely to be rolled out in the upcoming winter parliamentary session
BUSINESS
Bima Sugam platform takes next step as insurers begin uploading products
Although the marketplace officially went live on September 18, sources said it remains inaccessible to consumers as insurers continue testing and uploading products
BUSINESS
Mahindra’s investment in Manulife insurance JV to be funded via Mahindra Finance dividends, says Anish Shah
The life insurance venture could naturally extend into the general insurance space, which the company plans to evaluate once composite licensing is introduced, CEO Shah has said.
BUSINESS
Mahindra-Manulife to invest Rs 7,200 crore in life insurance JV, eyes Rs 30,000-crore valuation
The JV’s valuation potential is projected at Rs 18,000–30,000 crore over the next decade, with the venture expected to be accretive to Mahindra Finance’s return on assets
BUSINESS
Apollo Hospitals' insurance arm targets nationwide rollout by FY27
After launching its insurance arm in NCR and Hyderabad, Apollo eyes expansion through digital and call centre-led sales while preparing select in-store rollouts by FY27
