Japan's SOMPO seeks control of Universal GeneralJapan's SOMPO Insurance is discussing increasing its stake in Universal SOMPO General Insurance. The Japanese insurer aims to acquire share...
Motor insurance: Consider issuing circular standardising cross-border coverage clauses, SC to IRDAIThe Supreme Court on Monday asked IRDAI to consider issuing a master circular to standardise cross-border coverage clauses in motor insuran...
Turtlemint eyes profitable FY27 as renewal book growsThe company operates an insurance distribution platform that enables point-of-sale persons (Posps) and advisors to sell insurance products ...
NRI insurance: Benefits, risks, and features of GIFT City’s dollar-denominated insurance plansMany companies—including HDFC Life International, ICICI Prudential Life, ICICI Lombard, Star Union Dai-ichi Life, IndiaFirst Life and Tata-...
Axis Bank weighs raising stake in its insurance venture to 30%In June 2026, Axis Bank announced a further investment of up to ?381 crore in Axis Max Life Insurance, taking the combined shareholding of ...
HDFC Life rejects Rs 50 lakh insurance claim over two existing policies: Widow wins after court finds the proposal form never asked about other insurers; full payout orderedHDFC Life rejects Rs 50 lakh insurance claim over two existing policies: A Kurnool consumer commission has ordered HDFC Life Insurance to p...
J&K Bank sells 0.5% stake in PNB MetLife for Rs 120 croreJammu and Kashmir Bank has sold a 0.5% stake in PNB MetLife India Insurance to MetLife International Holdings for Rs 120 crore. The transac...
ICICI Lombard denied health insurance claim, stating the policy was cancelled; policyholder wins the case in consumer court, here’s whyAn insurer's appeal was dismissed by the Delhi State Consumer Commission. ICICI Lombard failed to submit its written statement within the l...
HCL Tech shares rise 3% after signing 7-year deal with Guardian Life InsuranceHCLTech shares rose 3% after the IT major announced a seven-year deal with The Guardian Life Insurance Company of America to expand their s...
Private insurers seek tweaks in unlisted investment planPrivate insurers want Irdai to change proposed investment norms for unlisted companies. They suggest linking exposure limits to shareholder...
India's war-risk insurance pool faces its first real-world testIndia's new maritime insurance pool has received its first claim. A vessel covered by the arrangement was damaged in a drone attack. This i...
ICICI Lombard Q1 Results: Profit falls 46% on commercial insurance slowdown, higher claimsICICI Lombard reported a dramatic forty-six percent drop in profit for the first quarter, attributed to a downturn in commercial insurance ...
Digit Life Insurance enters India’s retirement solutions marketGo Digit Life Insurance has entered India's retirement solutions segment. The insurer is betting on growing demand for pension and annuity ...
Life insurers seen posting mixed Q1 nos, health players likely to outperformLife insurers anticipate slower premium growth amid economic uncertainty and geopolitical tensions. Health insurers are poised for strong p...
Input tax credit relief for companies on staff cars, insurance likelyCompanies may soon claim input tax credit on employee vehicles. Group health and life insurance policies for staff are also included. The G...
Insurance distribution boosts fee income at most public sector banks in FY26Public sector banks earned higher insurance commissions in FY26, with most lenders reporting growth. Mutual fund distribution income showed...
InsuranceDekho targets Rs 2,500-3,000 crore IPO, plans September filingThe Gurgaon-based insurance distribution platform is targeting a listing by March 2027 and is eyeing a valuation of around Rs 9,500 crore, ...