News
Jio Financial, Allianz seal 50: 50 general insurance JV
4+ hour, 28+ min ago (372+ words) A complementary check for gaps and risk. Jio Financial Services on April 22 said it has entered into a binding agreement with Allianz Europe to set up a 50: 50 joint venture to foray into India's general insurance space, marking a significant step…...
Allianz Life Adds New Accumulation-Focused Fixed Index Annuities
21+ hour, 31+ min ago (169+ words) MINNEAPOLIS " April 21, 2026 " Allianz Life Insurance Company of North America (Allianz Life) has announced that it is expanding its offering of accumulation-focused fixed index annuities (FIAs) to help Americans reach their retirement goals. Allianz Life, a longtime industry leader in the…...
Jio Financial, Allianz form 50/50 JV for health, non-life insurance business
4+ hour, 1+ min 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…...
India Life Insurers Hit Record Premiums After GST Exemption
1+ day, 3+ hour ago (286+ words) Whalesbook Record Premiums Fueled by GST Relief India's life insurance industry has set a new record, with New Business Premium (NBP) reaching "4. 60 lakh crore in fiscal year 2026 This marks a significant 16% increase year-on-year, signaling a strong return to double-digit growth…...
Britam Launches Whole Life Insurance Plan for Long-Term Wealth Transfer
13+ hour, 55+ min ago (624+ words) Britam is deepening its push into long-term financial planning products with the launch of a new solution aimed at Kenyan households looking to secure wealth beyond a single generation. The move by Britam introduces the Britam Whole Life Insurance Plan,…...
Life insurers" NBP rises 15. 7% to "4. 59 lakh crore, crosses "4 lakh crore mark
11+ hour, 44+ min 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…...
Prudential Extends Life Insurance Sales Suspension in Japan
15+ hour, 29+ min ago (295+ words) Prudential Financial announced on Tuesday, April 21, that it will extend a voluntary suspension of new life insurance sales in Japan until Nov 5. The company initially paused operations in February following a regulatory probe into widespread employee misconduct within its Japanese…...
Britam Holdings unveils lifetime cover
23+ hour, 51+ min ago (329+ words) Britam Holdings has unveiled a permanent insurance product designed to provide policyholders with a cover whose benefits last a lifetime and extend to their dependents." The "whole life insurance plan" while containing the benefits as offered in other insurance products,…...
Life insurers log 16% premium growth in FY26 on GST relief, shift to high-margin products
21+ hour, 44+ min ago (323+ words) The Economic Times Mumbai: The life insurance industry reported a 16% increase in total new business premium income in FY26, aided by growth in regular premium products after the GST exemption announced in September 2025. A favourable base effect further boosted the growth…...
Life insurance industry earns premium worth "4. 6 lakh cr in FY26
22+ hour, 6+ min ago (94+ words) | 'Group insurance accounted for 74% of LIC's NBP' | Inshorts'Inshorts Life insurance industry earns premium worth "4. 6 lakh cr in FY26 Life insurance industry's new business premium (NBP) grew 16% Yo Y to "4. 60 lakh crore in FY26, Financial Express reported. The growth was primarily driven by…...