Insurance Sector

RVNL has secured a ₹156.36 crore EPC contract from South Western Railway for the design, supply, erection, testing, and commissioning of a 2X25 KV overhead electrification system and associated power supply installations. Brigade Enterprises has launched Brigade Altius, a premium residential project in Chennai’s IT corridor. RITES has received a ₹27.96 crore contract from South Central Railway for conducting a final location survey for high-speed elevated rail corridors between Hyderabad-Bengaluru and Hyderabad-Chennai. This contract involves preparing a detailed project report (DPR), alignment design, traffic survey, and using advanced survey techniques like LiDAR. Bajaj Finserv reported strong premium collections for February 2025 through its subsidiaries, Bajaj Allianz General and Bajaj Allianz Life Insurance. Bajaj Allianz General Insurance recorded ₹1,219 crore in gross direct premium, while Bajaj Allianz Life Insurance reported ₹1,080.33 crore in new business premiums, reflecting robust growth in the insurance sector. Biocon has partnered with Civica Inc, a non-profit pharmaceutical company, to enhance the accessibility and affordability of insulin aspart in the United States.

Insurance FDI: Guardrails being put in place to ensure investments, profits stay in India, says FM

The finance minister has said the government’s focus has not shifted from capital expenditure to consumption expenditure

Pitch Report: Insurers want Budget 2025 to deliver lower GST, higher exemptions

Analysts have also said that raising the FDI cap on the sector will help boost margins and encourage new listings.

Private life insurers outperform, LIC sees sharp decline in new premiums for December

Private life insurance companies saw a growth of 11.4 percent in new premiums in December, while LIC saw a sharp drop of 13 percent

HDFC Life, LIC, other insurance stocks slide as reports hint at surrender value hike by IRDAI

Surrender value is the amount an insurance company pays to the policyholder when he or she decides to terminate the plan before maturity

LIC maintains lead in Indian insurance market, eyes rural expansion

With an eye on expansion, the management outlined plans to penetrate Tier-2, Tier-3, and rural areas, and to fortify its position against private competitors

Insurance Sector Budget: What’s in store for the sector? Here’s what experts say

The insurance sector is hoping for tax relief from the Union budget 2024, that will enable insurers to give customers pricing advantages, besides a provision to introduce fresh schemes to offer customers more options to safeguard against escalating health costs in India.

Insurance sector's premium income to double by FY34 to around $450 bn: Report

The total premium income will more than double over the next decade (2024-34) from the present USD 224 billion, and insurance penetration will increase from 3.8 per cent currently to 4.5 per cent by FY34, Swiss Re Institute said in a report.

Art & Science of calculating risk | Unusual Suspects

Customer needs and preferences are rapidly evolving towards the digital medium and expectations of the highest service quality standards. This brings a need for actuaries to play a larger role in product innovation in the insurance sector to provide optimal solutions with minimal risk. In this episode, Bhavna Verma - Appointed Actuary at IndiaFirst Life Insurance Company - shares her insights on this and much more. Listen in.

Bearish on the insurance space, optimistic about manufacturing and asset management: Sridhar Sivaram

Enam Holding's investment director holds a negative outlook on the insurance sector but is optimistic about the potential for growth and profitability in the asset managers operating in the financial savings space and the manufacturing sector.

Nuvama bullish on HDFC Life, SBI Life, cautious on LIC

Madhukar sees a long term growth in the sector with increased protection growth and increased guaranteed savings product sales amidst these high margin products.

Growth steady, competition intensifying in Indian insurance sector: Nuvama

ICICI General Insurance has been given a target price of Rs 1200 by Nuvama. Whereas, Star Health has not been rated by the financial services company.

Government mulls tweaks to boost $731 billion insurance sector

The country allows overseas investors to hold up to 74% stake in insurers. Global firms such as American International Group Inc. and Prudential Financial Inc already have a presence in India through their local partners.

IRDAI working on three-pronged approach to ensure 'insurance for all by 2047'

India will attain 100 years of independence by 2047 and Insurance Regulatory and Development Authority of India (IRDAI) has taken several steps in the last 10-12 months to enhance penetration and density of life cover plans.

Irdai says Insurance sector needs Rs 50,000 crore capital per year, appeals conglomerates to pump money

Debasish Panda appealed to business conglomerates to channelise funds into the sector, saying the return on equity is at a healthy 14 percent for life insurers and 16 percent for non-life, while in the case of top five companies it goes up to 20 percent as well.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Banks, insurance, Cement: Key sectors that brokerage Nirmal Bang is positive on

Nirmal Bank Institutional Equities is also positive on growth in the insurance sector going forward, picks ICICI Pru Life, SBI Life, Max, and HDFC Life.

Ahead of IPO, LIC ties up with Policybazaar for a wider footprint

"This landmark affiliation aims at facilitating seamless digital distribution of life insurance products across the nation," LIC and Policybazaar.com said in a joint statement.

Insurance | Private participation will improve sector performance, boost deals

Greater private participation will lead to an increase in competition, better pricing of insurance products, and the introduction of innovative products. This will enhance the choice for policy holders, and may also lead to greater FDI inflows into the sector 

India invites UK companies to invest in insurance sector

This year, India has increased the foreign direct investment ceiling from 49 per cent to 74 per cent. Earlier, the government allowed firms to list overseas without simultaneous listing at the domestic market.

LIC IPO: Govt to seek proposals from investment banks in June, says report

The initial public offering of Life Insurance Corporation could happen as early as March 2022, the report claimed.

Rajya Sabha passes bill to hike FDI in insurance sector to 74%

Under the new structure, at least 50 percent of directors shall be independent directors, while specified percentage of profits being retained as a general reserve.

Nirmala Sitharaman introduces Bill in Rajya Sabha to allow 74% FDI in insurance sector

The Union Cabinet on Wednesday had given its nod for amendments in the Insurance Amendment Bill 2021.

Insurance sector to see strong growth on robust GDP, evolving regulatory regime: Moody's

During fiscal 2018, total gross premiums for the non-life and life insurance sectors grew 11.5 percent to Rs 6.1 lakh crore (USD 94 billion), bringing the 5-year compound annual growth rate (CAGR) to 11 percent.

Big Deal: Decoding the major rejig at Aditya Birla Group

Big Deal showcases - consolidation in the insurance sector, Aditya Birla Group announces a major recast of its businesses, and Tata Chemicals sells urea business to Yara. CNBC-TV18 tells you what the impact will be on the concerned companies.