Insure
Future Generali India Insurance targets Rs 10,000 crore gross written premium by 2030
Future Generali India Insurance (FGII) plans significant growth. The company targets over Rs 10,000 crore in gross written premium by 2030. FGII anticipates a 13-15 percent annual growth. Central Bank of India's stake acquisition will boost expansion. FGII will focus on bancassurance and underpenetrated insurance sectors. Health and motor insurance will remain key.
Raising FDI limit in insurance aimed at unlocking full potential of sector: FM Sitharaman
Finance Minister Nirmala Sitharaman told Parliament that raising the FDI limit in the insurance sector to 100% will boost annual growth to 7.1%, attract stable foreign investment, and improve insurance penetration. The move simplifies foreign entry by removing the need for Indian partners. Efforts are also underway to expand coverage under key social security schemes through grassroots campaigns.
India’s insurance giant LIC turns to Wall Street banks to hedge risk
Life Insurance Corp. of India is actively hedging its liabilities by engaging with Wall Street banks like JPMorgan Chase & Co. and Bank of America Corp. LIC has entered into $1 billion in bond forward rate agreements, significantly impacting FRA volumes. This move reflects the increasing sophistication of India's financial market and boosts demand for long-term bonds.
IndiGo's insurance premium likely to rise, in single digits
IndiGo Airlines may see a rise in aviation insurance costs. This follows a recent Air India accident and a tougher reinsurance market. SpiceJet's policy renewal is also coming up. Reinsurers are increasing prices due to global aviation losses. London reinsurers are reducing capacity and raising rates. IndiGo's insurance covers its large fleet. The total insurance value is around $20 billion.
IRDAI warns brokers on deal rush
"We have been witnessing record activity among brokers and other distribution intermediaries," said Satyajit Tripathy, member (distribution), IRDAI, at an Insurance Brokers Association of India event. "While this is fine by all means, I must add a word of caution that with increased growth being seen, we need not be adopting what we call as sharp practices to increase valuation, get listed, and to do business in a way, which may in the long run prove detrimental to the whole ecosystem."
IRDAI proposes internal insurance ombudsman scheme, releases draft norms
IRDAI has proposed a framework mandating an internal insurance ombudsman scheme for insurance companies to address claim-related complaints up to Rs 50 lakh. This independent review mechanism aims to improve grievance handling and boost consumer confidence. Applicable to insurers with over three years of operation, the ombudsman will report directly to the board.
Irdai proposes internal ombudsman for insurers to address claims up to Rs 50 lakh
Irdai introduced new guidelines for insurance companies. Insurers must appoint an internal ombudsman. This ombudsman will handle claim-related complaints. The claim amount can be up to Rupees 50 lakh. This move aims to improve grievance handling. It also seeks to boost consumer confidence in the insurance sector. The draft guidelines are open for public comment until August 17.
Angel One to invest Rs 400 cr in life insurance JV with Singapore's Livwell
Angel One is set to invest ₹400 crore in a life insurance venture with Singapore's Livwell Holding, aiming to create a 'digital-first' insurer. Angel One will hold a 26% stake, while Livwell will hold 74%. The venture seeks to address India's underinsured market with accessible and transparent digital insurance solutions, led by industry veterans.
PSBs ready insurance units' divestment plan
State-run banks plan to disinvest in their insurance subsidiaries. This follows the Centre's approval of 100% foreign investment in the insurance sector. Banks like State Bank of India, Canara Bank, and Punjab National Bank may pursue IPOs and stake sales. The government is reviewing progress on unlocking value from bank subsidiaries.
PSU insurers cover much more now
Public sector general insurers, including New India Assurance, are reclaiming market share in retail segments like motor and health insurance, driven by improved claim settlements and digital services. These insurers are growing premiums faster than the industry average, fueled by competitive pricing, particularly in the motor segment.
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LIC signs MoU with rural development ministry to promote Bima Sakhi Yojana
Life Insurance Corporation of India (LIC) has partnered with the Ministry of Rural Development to promote its Bima Sakhi Yojana in rural areas. The MoU, signed at the 'Anubhuti' conclave in Goa, aims to empower women through insurance distribution. Bima Sakhi Yojana offers a performance-based agency career for women, providing stipends and benefits similar to LIC agents.
Jio-Allianz, Fairfax-backed Valueattics Re set to shake up India’s Rs 50,000-cr reinsurance market
India's ₹50,000-crore reinsurance sector is set for disruption with the entry of two new domestic players—Jio-Allianz, a joint venture between Jio Financial and Allianz, and Valueattics Re, backed by Fairfax's Prem Watsa and Oben Ventures.
Tax department probes over 20 insurers over breach of expense limits
The Income Tax Department is scrutinising over 20 insurance firms—around 5–6 life insurers and 15 general insurers—for potential breaches of Expense of Management (EoM) norms in the past two fiscal years. No notices have been issued yet, but companies may face tax implications if unable to justify excess spending. The probe follows IRDAI’s revised expense regulations issued in April 2023.
Jio Financial Services ties up with Germany's Allianz for reinsurance venture
German insurer Allianz has entered a 50:50 reinsurance joint venture with Jio Financial Services, part of Reliance Group, to expand in India’s insurance market. The two firms signed a non-binding agreement covering both general and life insurance.
Insurtech funding set to top $1 billion in 12 months
Insurtech funding in India is poised to surpass $1 billion in the next year, following a period of moderated investment. A recent report highlights a decline in insurance penetration below 4%, driven by reduced life insurance uptake, signaling a significant protection gap. Regulatory initiatives like NHCX and Bima Sugam are expected to foster digital innovation in the sector.
India's non-life insurance premium rises 5.2% in June 2025: Report
India's non-life insurance sector saw growth. Premiums rose by 5.2% in June 2025. This is according to CareEdge Ratings. Health insurance growth slowed. Passenger vehicle segment growth was also muted. Non-life premiums crossed Rs 3-lakh crore in FY25. This was due to regulations and digitalisation. Bima Trinity may boost growth. Motor insurance will depend on vehicle sales.
INSURE STOCKS
NSEBSE
| Company Name | Latest | Change | %Change | Volume |
|---|---|---|---|---|
| HDFC Bank Ltd. | 2012.2 | -6 | -0.3 | 5658629 |
| ICICI Bank Ltd. | 1471.6 | -9.81 | -0.67 | 4416771 |
| State Bank of India | 794 | -2.55 | -0.33 | 15468370 |
| Kotak Mahindra Bank Ltd. | 1992.4 | 13.81 | 0.7 | 2672373 |
| Axis Bank Ltd. | 1062.4 | -6 | -0.57 | 5545442 |
