Millennials and older gen Zs are leading the charge in international travel from India, making up 48% of outbound travellers, with 36% under the age of 35, says a new report.
Prudent Insurance Brokers has appointed Mr Shantanu Saran as chief business officer. In his new role, he will strategically growing Prudent, with responsibilities including identifying new opportunities for expansion, fostering relationships with stakeholders and implementing innovative strategies to drive overall success and profitability.
A silent health crisis is brewing within corporate India. Long known for focusing on traditional health insurance, Indian companies will have to redefine "value" in employee benefits, prioritising prevention, holistic care and addressing the unique needs of their workforce according to the new edition of Healthtech Plum's Employee Health Report 2025.
India has around 267m tobacco users, making it the second-largest tobacco consumer market globally, according to the World Health Organization's Global Tobacco Epidemic Report 2023.
The Insurance Brokers' Association of India (IBAI) faces several challenges in helping its members remain relevant and profitable in the evolving scenario of the insurance industry in the country, according to its president, Mr Narendra Bharindwal.
Insurance brokers in India find themselves having to navigate a rapidly transforming landscape. Increased competition is coming not only from within the broking community but also from new-age digital intermediaries, InsurTech players, and embedded insurance platforms, according to Mr Narendra Bharindwal, who was appointed as the president of the Insurance Brokers' Association of India (IBAI) in April 2025.
Tata AIA Life has announced a record bonus payout of INR18.42 billion (US$216.29 million) in its participating plans for the financial year ending 31 March 2025, which will benefit over 815,000 policies.
Prudential has appointed Mr Naveen Tahilyani as regional CEO for India, the Philippines, Cambodia, Laos, Myanmar, as well as Africa, with responsibility for health, effective 29 July.
According to news platform The Hindu, the Indian government has appointed to Life Insurance Corporation of India (LIC) Mr Dinesh Pant and Mr Ratnakar Patnaik to the posts of managing directors, effective on or after 1 June.
AXA XL has appointed to its India branch Mr Akash Jain as underwriting assistant; Mr Alok Shukla as CEO of XL Insurance Company - India Reinsurance Branch; Ms Priya Manchanda as claims specialist; Mr Saumitra Sharma as CUO; Mr Saurabh Bhootara as property, energy and construction underwriter and Mr Vinod Kumar as assistant underwriter.