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M&M, Manulife form equal joint venture to tap India’s insurance boom
Thu, Nov 13, 2025     Source : Business Line
Each partner has committed up to ?3,600 crore, with ?1,250 crore to be invested over the first five years.
INSURANCE NEWS
Life insurers see surge in pure protection demand as GST 2.0 makes term plans affordable
Thu, Nov 13, 2025     Source : Economic Times
Life insurers are seeing an increase in demand for pure protection products following the government's decision to remove goods and services tax (GST) on individual term insurance.
INSURANCE NEWS
Irdai monitoring gaps in health insurance claim settlements: Chairman Seth
Wed, Nov 12, 2025     Source : Business Standard
Ajay Seth says claim payouts often fall short of expectations; stresses prompt, transparent settlement to build trust and achieve 'Insurance for All' by 2047
INSURANCE NEWS
Life insurers' new business premium rises 12% in October on GST relief
Tue, Nov 11, 2025     Source : Business Standard
Exemption in GST nudged individual premium growth, policy sales
INSURANCE NEWS
International Finance Corporation invests Rs 285 crore in Axis Max Life
Tue, Nov 11, 2025     Source : Economic Times
International Finance Corporation (IFC), part of the World Bank Group, has invested ?285 crore (about $33 million) in Axis Max Life Insurance Limited through long-term subordinated instruments, its first i...
INSURANCE NEWS
Policyholders' views needed to make rules: Irdai Chariman Ajay Seth
Sat, Nov 08, 2025     Source : Business Standard
Irdai Chairman Ajay Seth said the regulatory process must integrate policyholders' expectations and strengthen coordination among regulators to address overlaps and systemic financial risks
INSURANCE NEWS
Kshema General Insurance to receive $20 million capital infusion from GCF
Tue, Nov 04, 2025     Source : Business Standard
The capital received will be utilised to expand Kshema's offerings to reach a wider number of uninsured farmers and their crops, strengthening its underwriting capacity.
INSURANCE NEWS
As insurance regulator, I have an open mind: Irdai Chairman Ajay Seth
Fri, Oct 31, 2025     Source : Business Standard
IRDAI chief outlines priorities on GST reforms, capital efficiency, Bima Sugam rollout, and risk-based supervision, promising orderly growth and stronger policyholder protection
INSURANCE NEWS
Insurance sector is currently at unstable equilibrium: Irdai chief
Fri, Oct 31, 2025     Source : Business Standard
Regulators set the agenda as insurance, pensions, digital currency, cyber risk, and crypto policy took centre stage on the penultimate day of the leading summit
INSURANCE NEWS
Life insurers' new business premium rises 14.8% in September 2025
Fri, Oct 10, 2025     Source : Business Standard
Robust group segment performance led by LIC and private players drives 14.8 per cent year-on-year growth in new business premium for life insurers
INSURANCE NEWS
Multi-line general, health insurers log muted growth after GST revamp
Wed, Oct 08, 2025     Source : Business Standard
Multi-line general insurers grew 1.94% and standalone health insurers 3.09% in September, while specialised players saw strong premium expansion
INSURANCE NEWS
Canara HSBC Life Insurance public issue to raise nearly Rs.2,500 crore
Wed, Oct 08, 2025     Source : Business Standard
The life insurer's Rs 2,500-cr IPO is an offer for sale by existing shareholders, with CEO Anuj Mathur saying no fresh capital is needed for expansion
INSURANCE NEWS
Flexi-payments, easing access to health insurance
Mon, Oct 06, 2025     Source : Business Line
Insurers offer monthly, quarterly and half-yearly payment modes, akin to OTT subscriptions and EMIs
INSURANCE NEWS
Aggressive pricing pulls down crop insurance premiums by over 30% in FY26
Fri, Oct 03, 2025     Source : Business Standard
Crop insurance premiums dropped over 30% in FY26 till August due to aggressive pricing, state re-tendering and unsustainable loss-sharing models under PMFBY
INSURANCE NEWS
New India Assurance ordered to pay 23.79 billion rupees by tax authority
Wed, Oct 01, 2025     Source : Economic Times
New India Assurance, India's largest state-backed general insurer, has been ordered to pay 23.79 billion rupees by the local tax authority over alleged past dues, the company said in a regulatory filing on...
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