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News
Edelweiss Life reports 99.31% Claim Settlement Ratio in FY26, marking 4 years above 99%
14+ hour, 46+ min ago (360+ words) Business Standard VMPLNew Delhi [India], July 20: Edelweiss Life Insurance reported its highest-ever Claim Settlement Ratio of 99.31% in FY26, marking the 4th consecutive year its ratio has remained above 99% level The company also achieved zero claim pendency, meaning every claim received was resolved…...
Axis Max Life Achieves Highest-Ever Claims Paid Ratio of 99.8%* in FY26
1+ mon, 6+ day ago (77+ words) 1. Basis IRDAI Annual Report 2021-22 2. Basis IRDAI Annual Report 2022-23 3. Basis Audited Annual Financials 2023-24 4. Basis Audited Annual Financials 2024-25;,Claims Paid Ratio rounded off to the nearest single decimal figure +India Ke Bharose Ka Number is Axis Max Life's Brand Campaign on the…...
Life insurance premium growth slows as LIC's momentum eases in May
1+ mon, 1+ week ago (111+ words) Business Standard Life insurance premium growth slows as LIC's momentum eases in May Industry premium growth moderated to 5.1 per cent in May as group single premiums normalised and LIC's growth slowed, though private insurers continued to gain market share More…...
Intermediary-led model keeps insurance costs elevated: Praxis Global
1+ mon, 4+ week ago (11+ words) Business Standard...
Prudential to acquire 75% stake in Bharti Life Insurance for ₹3,500 crore
2+ mon, 3+ day ago (128+ words) Another ₹700 crore payable if certain conditions met; Prudential to reduce stake in ICICI Pru Life Insurance Prudential to acquire 75% stake in Bharti Life Insurance for ₹3,500 crore Another ₹700 crore payable if certain conditions met; Prudential to reduce stake in ICICI Pru…...
Non-life insurers log 9.3% premium growth in FY26 amid GST relief
3+ mon, 1+ week ago (78+ words) Health insurance growth and GST rate cuts drive premium expansion, even as accounting changes and crop insurance decline weigh on overall industry growth Non-life insurers log 9.3% premium growth in FY26 amid GST relief Health insurance growth and GST rate cuts drive…...
Bima Sugam to roll out standardised life, health, motor insurance this year
4+ mon, 3+ day ago (117+ words) Bima Sugam to launch standardised products in life, health, motor segments Business Standard Bima Sugam to roll out standardised life, health, motor insurance this year Irdai to set up Public Insurance Repository to strengthen data infra One subscription. Two world-class…...
Of mis-selling and insurance for all by 2047: A bancassurance reality check
4+ mon, 5+ day ago (127+ words) Business Standard Of mis-selling and insurance for all by 2047: A bancassurance reality check How to make bancassurance a genuine vehicle for financial security rather than a source of grievance and distrust One subscription. Two world-class reads. Already subscribed? Log in…...
Life insurance firms propose deferment of frontloaded commissions
5+ mon, 3+ day ago (60+ words) Business Standard Life insurance firms propose deferment of frontloaded commissions Industry players meet Irdai chief; upfront payouts may be deferred to reduce acquisition costs Latest Irdai data show that the life insurance industry reported gross expenses of management of ₹1.38 trillion…...