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Ageas Federal Life Insurance enters into distribution partnership with Policybazaar
3+ mon, 2+ week ago (144+ words) The private sector life insurer, in a statement, said the alliance aims at strengthening its digital distribution so that insurance solutions can be offered to India’s rapidly growing digital-savvy consumers, through an end-to-end online journey. AFLI’s suite of protection, savings,…...
Prudential buys 75% stake in Bharti Life Insurance for ₹3,500 crore
3+ mon, 4+ week ago (326+ words) Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises There is potential additional consideration payable of up to ₹700 crore, dependent on the fulfilment of certain conditions, said Prudential, adding that it maintains a strong balance sheet and low leverage. As of…...
SBI Life witnesses better premium growth rate in April, says MD & CEO Amit Jhingran
4+ mon, 2+ week ago (156+ words) Amit Jhingran, SBI Life Insurance MD & CEO Amid volatility in equity markets in the fourth quarter last fiscal, what kind of demands for Unit Linked Insurance Plans (ULIPs) did you witness? We are projecting at around 13-14 per cent IRP (Individual…...
Jio Financial, Allianz form 50/50 JV for health, non-life insurance business
4+ mon, 3+ week ago (340+ words) Jio Financial Services has entered into a 50:50 joint venture with German insurer Allianz to build a full-scale general and health insurance business, formalising a partnership first announced in 2025, a joint statement said. The binding agreement brings together Jio’s vast digital…...
Life insurers’ NBP rises 15.7% to ₹4.59 lakh crore, crosses ₹4 lakh crore mark
4+ mon, 3+ week ago (178+ words) India’s life insurance sector recorded strong growth in FY26, with New Business Premium (NBP) rising 15.7% to a record ₹4.59 lakh crore, crossing the ₹4 lakh crore mark for the first time. The New Business Premium (NBP) of life insurers grew 15.7 per cent to…...
Bandhan Life Insurance is aiming at 30% growth in FY27: MD&CEO Satishwar Balakrishnan
4+ mon, 3+ week ago (526+ words) Bandhan Life Insurance MD & CEO Satishwar Balakrishnan What was the overall impact of the waiver of the Goods and Services Tax (GST) on individual life insurance premiums in the last financial year Compared to health insurance, life insurance appears to…...
Non-life insurers’ premium income rises 9.2% to ₹3.35 lakh crore in FY26
4+ mon, 4+ week ago (152+ words) The Gross Direct Premium (GDP) underwritten by non-life insurers increased 9.20 per cent in the financial year ended March 2026 at ₹3.35 lakh crore compared to ₹3.07 lakh crore in the previous financial year. As per flash figures released by the Insurance Regulatory and…...
Telangana Budget 2026: Life, health insurance scheme get big push
5+ mon, 3+ week ago (393+ words) Telangana Government will be rolling out Indiramma Family Life Insurance Scheme from June 2, 2026, to provide life insurance of ₹5 lakh to each of the 1.15 crore families in the State. “The Government is taking steps and providing facilities in such a way…...
Ageas Federal Life plans to grow agency strength 3-fold to reduce dependency on banca channel
6+ mon, 2+ week ago (388+ words) Ageas Federal Life Insurance plans to bring down the bancassurance contribution to its premium income from around 75 per cent at present to around 60 per cent in the next three years, when the insurer aims to grow the agency strength by…...
Life insurance industry’s new awareness campaign reaches 35.5 crore people across all channels
7+ mon, 1+ week ago (273+ words) The life insurance industry’s new awareness campaign, aiming to address the challenge of low insurance penetration levels in India, has been able to reach around 35.5 crore people across all channels by December-end, 2025. The new ‘real and interesting’ multimedia and multilingual…...