Life Insurer News

A life insurer has been fined ₹1 crore for mis-selling an annuity product.

Life insurers are requesting that Irdai rework its expense cap rules, arguing that current product-specific limits hinder their ability to invest in growth area

Life insurers in India saw a 33% year-on-year increase in new business premium in August, reaching ₹41,198 crore. State-owned Life Insurance Corporation of Indi

Life insurers reported a 33% year-on-year increase in new business premiums for August, primarily driven by single-premium and group business sectors, though re

Non-life insurers are considering implementing a minimum rate for the natural catastrophe component of fire insurance to address concerns about steep discounts

Surrender and withdrawal benefits paid by life insurers have significantly increased, now surpassing maturity benefits, with the insurance regulator monitoring

India's listed private life insurers saw strong Q1 growth driven by one-off group corporate deals, but GST exemptions compressed margins. Weaker bancassurance a

The IRDAI is now requesting operating expense data, excluding commissions, from life insurers to revamp the industry's distribution framework and reduce policy