Go Digit Life Insurance has entered India's retirement segment with the launch of the Digit Life Pension Plan. It has introduced two annuity variants designed to cater to different retirement income needs.
MSIG Asia has appointed Mr Ronak Shah as Regional CEO, effective 1 October 2026. In addition to leading the insurer's operations across Southeast Asia, Hong Kong, India and Oceania, Mr Shah will assume regional leadership responsibility for Mainland China, Taiwan and Korea.
Generali Central Life Insurance has unveiled a participating pension plan in India aimed at helping customers build retirement savings, as the country's ageing population grows and pension penetration remains relatively low.
Markel Insurance, the insurance operations within Markel Group, has appointed Ms Sarika Sagar Gadekar as Claims Adjuster, based in Mumbai, India; and Mr Tan Weng Fatt as Senior Underwriter for Casualty, Malaysia.
The Indian parliament's Standing Committee on Health and Family Welfare has recommended increasing the insurance coverage under the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) from INR500,000 to INR1,000,000 per family per year.
The Indian government plans to establish a cooperative life insurance company as part of its efforts to expand the cooperative sector into financial services and strengthen the broader cooperative ecosystem.
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a certificate of registration to Prudential HCL Health Insurance, permitting the company to write health cover nationally.
Reserve Bank of India (RBI) has said that rising surrenders and withdrawals of life insurance policies in financial year 2025-26 indicates policyholder dissatisfaction.
QBE Insurance Group has completed the acquisition of full ownership of Raheja QBE General Insurance Company following regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI).
SBI Life has signed a MOU with the Indian Institute of Technology, Mumbai to establish a joint research and innovation centre dedicated to building India's own deep-technology defences for the insurance sector.