Canadian insurance and investment holding company Fairfax Financial Holdings has been selected as the strategic buyer for a 60.72% stake in IDBI Bank, an Indian commercial bank. The move includes plans to combine the lender with Fairfax's insurance and investment banking businesses.
LIC will offer three new insurance plans from 19 October 2026 - New Jeevan Dhara-II; Health Shield and New Cancer Cover.
PNB MetLife has appointed Mr Sagar Balkavde as Associate Director - Statutory Valuation and Reinsurance Administration.
The United Nations Development Programme (UNDP) and Generali Central, representing the Generali Group's general and life insurance businesses in India, have launched an Insurance Innovation Challenge to identify and scale solutions that strengthen the resilience of India's micro, small and medium-sized enterprises (MSMEs).
The Supreme Court of India has directed the integration of four major databases that hold vehicle, driving licence, accident report and insurance databases within four weeks to improve cross-checking of claims by the insurers and others.
Around 81% of Indians believe that mental health issues are surging across the society, but nearly 80% still hesitate to seek therapy or counselling, according to a new survey. The Anishchit Index 2.0 survey by Aditya Birla Sun Life Insurance Company (ABSLI) was released ahead of World Mental Health Day, which was observed on 10 October 2026.
India's life insurance market is growing, but the gains are not translating into wider coverage, with active individual policies remaining largely flat despite a sharp rise in bank account ownership, according to a McKinsey report.
Aviva Life has partnered with Wizz Financial Group through its premier travel and lifestyle service provider, Wizz Holidays, powered by Wizzmoni Financial Services. The partnership aims to expand access to life insurance and critical illness protection for customers across Wizz Financial's ecosystem.
In a disclosure filed by ICICI Life Insurance to the National Stock Exchange of India, the Board of Directors of ICICI Life stated that they have approved the appointment of Mr Sidharatha Mishra as its Managing Director and CEO, effective 14 October 2026 or the date of receipt of Insurance Regulatory and Development Authority of India approval, whichever is later, for a period of five consecutive years, subject to requisite approvals.
India's insurance regulator's proposed insurance distribution reforms will accelerate companies' scaling up of their agency channels whilst introducing steep caps for general and health insurance, according to Nomura's Global Markets Research team.