The Insurance Regulatory and Development Authority (IRDAI) has reportedly discussed with the CEOs of life insurance companies to do away with the high upfront commission of life insurance agents in the first year.
The potential conflict zone mentioned this year by the biggest number of panelists in a survey on political risk by WTW is India and its regional neighbours.
The IRDAI has issued a Master Circular on Actuarial, Finance and Investment Functions of Insurers.
Pune-based online insurer Go Digit General Insurance's (Go Digit) initial public offering (IPO) has attracted an overall subscription rate of 9.60 times when its three-day subscription period ended on 17 May.
India's general insurance industry is set to grow at a compound annual growth rate (CAGR) of 9.9% from INR3.35tn ($40.36bn) in 2024 to INR4.89tn ($57.3bn) in 2028, in terms of gross written premiums (GWP), forecasts data and analytics company GlobalData.
The sale of health insurance policies with maternity benefits is growing at 80% annually, according to data from Insurtech platform company, PolicyBazaar.
The IRDAI has approved the acquisition of bankrupt Reliance Capital's life, general, and health insurance units by the conglomerate, the Hinduja Group, moving the group closer to finalising its deal for the insurers.
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a directive making it mandatory for all life, general and stand-alone health insurers to provide a minimum level of coverage in villages or gram panchayat. The objective is to realise the vision of "Insurance for All" by 2047.
Pune-based online insurer Go Digit General Insurance (Go Digit) has announced that it has fixed the price range for its initial public offer (IPO) at INR258 ($3.09) to INR272 per equity share.
India's life insurance industry is set to grow at a compound annual growth rate (CAGR) of 10% to INR13.5tn ($216.1bn) in 2028 from INR9.3tnin 2024 in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company.