ICICI Lombard General Insurance reported a net profit of ₹403 crore for the quarter, missing expectations due to rising motor and fire insurance claims. The insurer set aside ₹165 crore in provisions following a Supreme Court ruling rega...
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Pothole-related vehicle damage can lead to high repair costs, especially for engines and tires. Motorists should document damage immediately and verify if their current insurance policy covers such incidents. Understanding specific add-o...
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India's insurance sector has seen massive growth, with life insurance premiums expanding 2.6 times and general insurance 3.6 times over the last decade. Insurance brokers now facilitate 42% of all general insurance premiums, reflecting a...
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Nomura has maintained its outlook on SBI Life Insurance, citing strong agency business growth despite margin pressure in the June quarter. While higher group protection sales and GST effects impacted recent margins, the brokerage expects...
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Indian insurers are pushing for a motor third-party premium hike to address rising losses after four years of stable rates. Mounting claim costs, driven by a recent Supreme Court order regarding compensation for homemakers, have signific...
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Raheja QBE General Insurance has started the formal process with the Ministry of Corporate Affairs to change its brand name. This follows the Australian QBE Insurance Group's purchase of the Rajan Raheja Group's remaining 50% stake in Ma...
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India's insurance regulator, IRDAI, is developing a public registry to track every policy sale to an individual salesperson. This initiative aims to increase transparency and accountability by holding specific agents responsible for thei...
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Raheja QBE General Insurance has initiated the legal process to change its name following QBE Insurance Group's acquisition of a 50% stake. The insurer is currently seeking approval from the Ministry of Corporate Affairs to reflect its s...
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ManipalCigna Health Insurance reported a 30% overall growth in the first quarter, driven by a 46% jump in its retail segment. The company is now focusing on expanding its retail footprint in smaller Indian cities and targeting SME employ...
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SBI Life Insurance reported a 22% rise in quarterly profit to ₹720 crore, driven by a 36% jump in new business premiums. While the company saw strong demand in the protection segment, investors may note that profit margins contracted sli...
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The insurance regulator plans to shift to a risk-based capital framework by April 2027 to align capital reserves with actual business risks. While this move aims to improve financial strength, many insurers report significant challenges...
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India's insurance regulator has cautioned general insurers against offering extreme discounts of up to 99% on fire insurance policies. This aggressive pricing to win corporate accounts has caused a sharp drop in Q1 premium collections, r...
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SBI Life Insurance shares gained 2.04% to trade at ₹1,843.60 on Thursday. The company reported a net profit of ₹2,470 crore for FY26 and is preparing to discuss its June quarter results with investors on July 24. While the insurer shows...
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Health insurance claims for planned surgeries like knee replacements are frequently rejected if performed during the initial waiting period. Insurers typically mandate a two to three-year wait for these procedures to manage risk. Policyh...
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Top-up health insurance plans offer a cost-effective way to increase coverage by acting as a secondary layer for expenses above a set threshold. These plans often carry lower premiums than buying a new standalone policy because the insur...
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Many health insurance policyholders face unexpected out-of-pocket costs because of hidden policy clauses. Understanding conditions like room rent limits, co-payments, and deductibles is essential to avoid financial shocks during medical...
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Health insurance sub-limits restrict payouts for specific surgeries and hospital expenses, even if your total cover is high. These clauses can lead to unexpected out-of-pocket costs during medical emergencies. Reviewing your policy docum...
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While standard health insurance covers hospital bills, critical illness plans offer a lump sum for non-medical costs. This extra layer of protection can help replace lost income and manage debt if a major health crisis occurs.
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Go Digit Life Insurance has launched the Digit Life Pension Plan featuring two options, Sukoon and Boss, to provide guaranteed and market-linked retirement income. This move targets the growing demand for flexible annuity products amid r...
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The Insurance Brokers Association of India has raised concerns that proposed distribution reforms could threaten the financial viability of intermediaries. Brokers play a key role in the sector, currently handling 42% of general insuranc...
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