India Insurance News - Latest Updates & Headlines
Life Insurance sector in India to grow at 10.5% against global average of 5%: Report
New Delhi, May 28: Life insurance market in India will grow at 10.5 per cent against a global average of 5 per cent over the next ten years, according to a report by Allianze Global Insurance.
LIC's new business premium surges to Rs 2.27 lakh crore in FY25
New Delhi, April 23: Life Insurance Corporation of India (LIC), the country's largest life insurer, registered new business premium to the tune of an impressive Rs 2,26,669.91 crore in for FY25, which includes a record Rs 62,404.58 crore from individual new business, according to data released by the Life Insurance Council on Wednesday.
LIC's potential stake in ManipalCigna to boost health insurance market: JP Morgan
New Delhi, April 1: The Life Insurance Corporation of India’s (LIC) potential acquisition of a 40-49 per cent stake in ManipalCigna Health Insurance could reshape the health insurance market, a JP Morgan report said on Tuesday.
Life insurance sector to get booster shot with FDI limit at 100 per cent
New Delhi, Feb 19: While the high capital intensity of the life insurance sector necessitates substantial investments to sustain growth, the increase in FDI limits will provide the much-needed capital boost to the sector, enabling insurers to expand their mortality coverage and increase penetration, according to a report released by rating agency ICRA on Wednesday.
'Bima Trinity' schemes move closer to implementation: IRDAI
New Delhi, Feb 16: With an aim to provide “Insurance for All by 2047,” the Insurance Regulatory and Development Authority of India (IRDAI) has announced the 'Bima Vahak' initiative, a women-centric insurance field sales force, which is inching closer to implementation.
India's life insurance industry at an inflexion point, poised to grow strong: Centrum report
New Delhi, January 7: The life insurance sector in India is at an "inflexion point" and is poised to grow due to a variety of good reasons. Financial services company Centrum Broking in a report asserted that it remains constructive on the life insurance industry owing to favourable macro factors.