ICICI Prudential Life Insurance has launched ICICI Pru Signature Secure, the Indian life insurance industry's first Unit Linked Insurance Plan (ULIP) to include a built-in guaranteed maturity benefit.
General Insurance Corporation of India (GIC Re) has announced the appointment of Shri Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director (CMD) of the Corporation. The effective date of assumption of charge is 16th June 2026.
The Indian government will divest 5% equity in GIC Re through an offer-for-sale (OFS) for non-retail investors and retail investors this week.
Ageas Federal Life Insurance has elevated Mr Erum Kidwai to the role of CMO.
HDFC Life, one of India's leading insurers, has reported continued strength in its claim settlement performance, with a claim settlement ratio of 99.7% for individual death claims in FY26. The company said it continues to consistently deliver on its promise to customers, as reflected in this year's high settlement ratio.
The health insurance sector needs to help individuals manage risks to good health, before they become medical events, according to Aditya Birla Health Insurance's CEO Mr Mayank Bathwal.
India continues to have relatively low insurance penetration, but awareness of life insurance is rising among younger consumers. According to Go Digit Life Insurance's "Transparency Report 4.0", young Indians are increasingly purchasing life insurance at an earlier age compared to previous generations.
The Indian insurance market achieved strong growth of +9.4% in 2025, with total premium income reaching $146bn as compared to $133bn in 2024 ), according to Allianz Global Insurance Report 2025.
Life insurers in India have reportedly asked the government to double the tax-free limit on insurance policies to INR500,000 ($5,232), according to Reuters, citing three sources directly familiar with the matter.
The General Insurance Council of India is working to create a more accessible, transparent, and efficient healthcare insurance ecosystem for policyholders.