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.
The Insurance Brokers Association of India (IBAI), the apex body of India's 798 licensed insurance brokers, has expressed serious concern over the consultation paper on 'Reforms for Recalibrating Economics of Insurance Distribution', released by the country's insurance regulator, the Insurance Regulatory and Development Authority of India (IRDAI) on 23 September 2026.
India's insurance regulator, the Insurance Regulatory and Development Authority of India (IRDAI), has appointed Mr Dinesh Pant as Member (Actuary) and Ms Girija Subramanian as Whole-Time Member (Distribution).
A new survey that assessed the health of the country's urban workforce has revealed that major health risks among employees across India are emerging well before middle age.
Insurance Brokers Association of India (IBAI) will soon initiate a dialogue with the Insurance Regulatory and Development Authority of India (IRDAI) over the proposed reforms in the insurance distribution framework in the country.
India's insurance regulator has proposed limits on distribution costs and commissions as part of a broad overhaul aimed at reducing the cost of insurance and strengthening safeguards for policyholders.
Tata AIA Life Insurance has launched Tata AIA Shubh SIP, a unit-linked insurance plan (ULIP) designed to integrate wealth creation, life protection, and retirement planning into a single solution.