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News
Life insurers’ new business premium rises 21% in July, but retail growth remains mixed
9+ hour, 20+ min ago (443+ words) New Delhi: India’s life insurers recorded a nearly 21 per cent year-on-year rise in new business premium to Rs 47,004.84 crore in July 2026 from Rs 38,958.05 crore in the same month last year, though the underlying data showed that growth across insurers and…...
Prudential to buy 75% stake in Bharti Life for Rs 3,500 cr
2+ mon, 3+ week ago (194+ words) New Delhi: UK-based Prudential plc on Sunday announced to acquire a majority 75 per cent stake in Bharti Life Insurance for Rs 3,500 crore from Bharti Life Ventures Pvt Ltd and 360 ONE Asset Management. Prudential is engaging with the relevant regulatory authorities…...
LIC rolls out whole life insurance plan Jeevan Utsav Single Premium
7+ mon, 11+ hour ago (201+ words) MillenniumPost Mumbai: Life Insurance Corporation of India (LIC) has launched a new Jeevan Utsav Single Premium plan, offering guaranteed lifelong income with life cover The plan was unveiled by LICâs Chief Executive Officer and Managing Director, R Doraiswamy, and will…...
LIC launches special 2-month-long campaign to revive lapsed policies
7+ mon, 4+ day ago (219+ words) MillenniumPost NEW DELHI: Insurance behemoth Life Insurance Corporation of India (LIC) on Friday announced the launch of a two-month-long campaign for the revival of individual lapsed policies This special drive, to be carried out from January 1 to March 2, 2026, is extended to…...
Reserve Bank flags high-cost distribution strategies of insurers
7+ mon, 6+ day ago (445+ words) Mumbai: The Reserve Bank has flagged structural pressures in the insurance sector, saying premium growth is being increasingly driven by high-cost distribution-led strategies of insurance companies rather than operating efficiency. While posing no near-term systemic risks, the surface-level stability masks…...