India's life insurance market has seen a gradual shift towards higher sum assured policies, although lower-value cover continues to dominate the overall policy base, according to Insurance Information Bureau data for FY2021-FY2025.
India has released the draft rules detailing the approvals and arrangements that the nuclear plant operators need to maintain. These include an insurance cover, financial security or a combination of both for nuclear damage.
Corporate India employees see the rising healthcare costs as a major worry, according to a new survey by Tata AIG General Insurance.
India's Appointments Committee of the Cabinet has approved the appointments of:
India is considering a series of health insurance reforms aimed at curbing rising healthcare costs, improving pricing transparency and streamlining claims, according to sources familiar with the discussions.
Life Insurance Corporation of India (LIC) saw a 22.81% year-on-year increase in profit after tax to INR134.9bn ($1.5bn) for the quarter ended 30 June 2026, supported by growth in premium income and a sharp improvement in the value of new business (VNB). Total premium income rose 6.75% to INR1,272.5bn, while individual business premium increased 5.52% to INR754.16bn and group business premium grew 8.61% to INR518.34bn.
India's insurance sector is poised for massive long-term growth, supported by structural reforms, low insurance penetration, and a favourable regulatory environment, but macroeconomic headwinds and profitability pressures remain key risks, said S&P Global Ratings.
Bajaj General Insurance and Swiss Re Corporate Solutions are exploring a commercial insurance partnership in India to bring together the general insurer's strong local market presence with the global reinsurer's risk knowledge and commercial insurance capabilities.
Global insurers are accelerating their expansion plans in India following the country's decision to allow up to 100% foreign ownership in insurance companies, with South Korea's Hanwha Group and South Africa's Discovery among the latest firms exploring opportunities.
Rising health insurance penetration will support the growth of Indian hospital sector, according to a new survey report by Deloitte India.