General Insurance

The insurance premiums for Tesla’s Model Y variants can range from Rs 60,000 to Rs 1.25 lakh, depending on the insurer and coverage chosen.

IRDAI likely to notify risk-based capital norms in Aug, phased rollout to follow

This implementation is aimed at giving insurers time to build the necessary internal capacity for the model without disrupting day-to-day operations.

India’s Insurance sector faced maximum cyber onslaught in FY25

Prominent insurers such as Star Health and Allied Insurance, Niva Bupa Health Insurance, HDFC Life Insurance, Tata AIG General Insurance, and Life Insurance Corporation of India (LIC) have found themselves at the forefront of data breaches

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

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

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

Non-life insurers’ premium grows 6.2% in FY25 at Rs 3.08 trillion

Gross direct premium underwritten crosses Rs 3.07 lakh crore, with standalone health insurers seeing a 15.99 percent annual growth

Do your furry friends need insurance?

Given the growing expenses of pet care and the invaluable bond that people share with their furry companions, a pet insurance policy could act as a source of comfort in times of crisis.

General insurance poised for 13% growth in FY26 despite under-penetration woes

This projected uptick comes as the industry grapples with persistent under penetration challenges

Standalone health insurers eye 20% growth in FY26 as retail segment expands

While retail health insurance will remain the cornerstone of growth, competition will continue to challenge pricing and profitability, says analysts.

Non-life insurance premiums drop 2.82% in February; health insurers lead growth

The drop comes as general insurers faced subdued growth, while standalone health insurers posted strong gains

Fire insurance premiums could surge 60% in 2025

This hike could be anticipated amid an 80 percent property rate in January, 2025, which was aimed to restore solvency after a period of aggressive discounting, aimed at maintaining solvency, according to industry analysts

Non-life insurance sector grows 6.58% in Jan 2025; Health insurers lead with 17.76% surge

In terms of market dynamics, general insurance maintained an 84.65 percent share of the total premiums for January 2025, with health insurers capturing 11.72 percent and specialised insurers at 3.63 percent

Centre unlikely to merge 3 general insurers, may privatise one in FY26: Report

National Insurance, United India Insurance and Oriental India Insurance are considered weak and market leader New India Assurance comes out as strong candidate, hence not considered for privatisation

'Isolated health claim grievances should not cast a shadow on insurers’ efforts'

With just 94,843 grievances in FY24 against 2.96 billion policies, the industry’s grievance ratio is 0.003 percent, an achievement few industries can match, says Tapan Singhel, chairman, General Insurance Council, and MD and CEO, Bajaj Allianz General Insurance

US fires a developing situation, too early to estimate insurance loss figures: Swiss Re

India’s economic growth is creating risk hotspots in states such as Gujarat, Maharashtra, Tamil Nadu and Delhi with high concentrations of industrial clusters, which are vulnerable to natural calamities such as floods, cyclones or earthquakes, a Swiss Re report said.

IRDAI annual report: India’s insurance penetration dips from 4% to 3.7% in 2023-24

Life insurance penetration in India declined from 3 percent in 2022-23 to 2.8 percent in 2023-24, while general insurance penetration remained unchanged at 1 percent

Parliament may clear bill to raise insurance FDI limit to 100%, allow composite licences

The foreign direct investment (FDI) limit in the insurance sector will likely be raised to 100% from current 74%, as per news reports.

Can asset sales fix the woes of public sector general insurers?

Growing profitable underwriting business is the key to survival for public sector general insurers.

Property insurance across borders: Local firms better equipped to provide tailor-made policies

Local insurers have the knowledge and expertise to assess the specific risks associated with properties in their areas.

Exclusive: New commission rules will benefit policyholders & insurance firms: IRDAI chief

The new norms, effective April 1, 2023, will ensure that commission payouts do not go beyond reasonable limits as insurers have to adhere to overall expenses of management ceilings, Debasish Panda, Chairman, IRDAI said.

Zurich Insurance eyes $400 million stake in general insurance arm of India's Kotak

Backed by Asia's richest banker Uday Kotak, the early-stage negotiations value the Indian company at around $800 million, and Zurich Insurance has expresed interest in both a minority stake of 49% or taking up a majority 51% stake, the sources said.

Odisha train accident: FinMin urges insurance companies to expedite claim settlement

In a message sent to insurance companies through the General Insurance Council, the finance ministry has sought updates on measures taken to identify Odisha train accident victims covered under Pradhan Mantri Suraksha Bima Yojana and IRCTC travel insurance, and settle their claims faster.

Aegon Life launches life insurance covers for surrogate mothers, egg donors

The launch comes after insurance regulator IRDAI asked companies to roll out such product in line with the Surrogacy Act and Surrogacy Regulations

Future Generali India launches health insurance policy with multiple optional covers

Eight out ten customers looking for customisation are willing to pay for additional premium, private general insurer Future Generali’s study showed