BUSINESS
Why global reinsurers are concerned about wet lease agreements in Indian aviation
While domestic insurers handle the initial aviation payouts, the bulk of the financial risk, often up to 95 percent, is passed on to global reinsurers
BUSINESS
Ahmedabad plane crash: Travel insurance premiums unlikely to spike, experts say
While the aviation insurance sector faces mounting pressure from global events, individual travel insurance policies are expected to remain stable for now, with only moderate increases projected over the next year
BUSINESS
Air India, Akasa Air and SpiceJet may face potential insurance premium hike to $40–50 mn, may increase airfares by 2–5%
Aviation insurance premiums are calculated based on risk assessments, which consider factors like aircraft type, manufacturer reputation, airline safety records, and incident history
BUSINESS
New India Assurance, Tata AIG likely key insurers for Air India plane crash; hull insurance likely up to $300 million
Air India’s fleet is insured for $20 billion with a $30 million premium, unchanged from the 2023-24 financial year’s $30 million for $10 billion coverage
BUSINESS
Not giving Sanlam more than 50% stake in Shriram Wealth, says Shriram Capital CEO
Piramal Group, which holds stakes in Shriram’s insurance businesses, is neither actively looking to exit nor in a rush to do so and will take a call as things unfold, says Subhasri Sriram
BUSINESS
Life insurers grapple with post-Covid mortality spike, see 25% decline in insurance coverage
Mortality rate for insurers such as HDFC Life, ICICI Prudential and SBI Life is higher than the Covid-19 peak
BUSINESS
India’s top banks earn Rs 21,773 crore in insurance commissions amidst mis-selling concerns
Of 10 banks surveyed on commissions earned through their insurance arms, seven earned more than half of their insurance commissions by selling policies from affiliated insurers, a report says
BUSINESS
Non-life insurance industry sees 6.5% growth in May 2025, demonstrates mixed signals across insurers
Cumulative premiums for April–May (first two months of FY26) reached Rs 55,854 crore
BUSINESS
Private life insurers ride on premium products to increase market share even as policy volumes fall
The group insurance segment has emerged as the key growth engine in May, contributing over Rs 19,850 crore which is higher by more than 13 percent from last year.
BUSINESS
RBI to halt daily VRR auctions from June 11 as system liquidity reaches surplus of Rs 2.75 trillion
VRR auctions fell to Rs 97,861 crore in May, compared to Rs 13,48,316 crore in January, indicating surplus liquidity
BUSINESS
Jana Small Finance Bank seeks RBI nod to transition into universal bank
The application was made under the regulatory framework outlined in the RBI’s “On Tap” licensing guidelines for small finance banks issued on December 5, 2019, and the latest circular on voluntary transition to universal banks released by the RBI on April 26, 2024
BUSINESS
Rate cut relief comes faster for existing borrowers, as banks adjust spread for new loans
PSBs like Bank of Baroda, PNB, Bank of India, and UCO Bank have begun cutting lending rates, with private lenders like HDFC Bank and Karur Vysya Bank cautiously following suit
BUSINESS
Govt reviews 18% hike in motor TP premiums amid widening losses and years of tariff freeze
This development comes at a time when insurers have been reporting escalating loss ratios
BUSINESS
No changes in FDI norms for banking sector, says RBI governor Sanjay Malhotra
The comments come after a section of media claimed that India was considering easing foreign ownership rules
BUSINESS
RBI MPC Meeting: While net FDI moderated, gross FDI inflows rose sharply, says Sanjay Malhotra
In the past year, gross FDI into India surged by 14 percent, reaching $81 billion
BUSINESS
Nifty Bank hits new high as RBI surprises with 50 bps repo rate cut
The index surged over 1.3 percent intraday to cross the 56,500 mark for the first time, hitting a peak of 56,597.45.
BUSINESS
No systemic impact arising out of IndusInd Bank issue, says RBI governor
RBI Governor Sanjay Malhotra says bank has taken corrective steps and that CEO resignation shows accountability
BUSINESS
RBI shifts stance to 'neutral' on easing inflation, sustained growth
MPC meeting: This marks a reversal from the committee’s April stance when it adopted an 'accommodative' approach to prioritise growth
BUSINESS
MC Exclusive | BimaPay eyes 30–40% volume from ULIPs, nears launch of fully digital loan against life insurance platform
Loans against life insurance policies is a practice that’s long existed in the offline world. But the process is full of delays and paperwork. BimaPay aims to eliminate that friction.
BUSINESS
BimaPay Finsure targets Rs 20 crore premiums in FY26 for maiden corporate product
However, even with the new corporate product, BimaPay remains a retail-first business, CEO Hanut Mehta says
BUSINESS
97.7% bank accounts fully insured, but only 46.3% of deposits covered, shows RBI data
Insured deposits in India rose 7.11 percent year-on-year to reach Rs 96.7 lakh crore as of September 30
BUSINESS
Go Digit Life Insurance reports 719% increase in claims payouts, group term category leads surge
In total, Digit Life settled 15,596 claims this fiscal year, up from 602 in FY24
BUSINESS
Private insurers surge ahead as public sector struggles; ICRA projects Rs 3.6 lakh crore premiums by FY27
The divergence in financial health, market expansion and profitability metrics underscores a widening gap in sector dynamics, an ICRA report says
BUSINESS
Mufin Green Finance eyes Rs 1,300-crore AUM by FY26, reduction in exposure to EV mobility
Mufin Green Finance’s solar book expected to grow 16x in 2 years
