The agency said the changes are unlikely to be meaningful enough in most cases to negatively affect insurers’ credit profiles, even if firms adjust investment, hedging and product design.
Premiums reached ₹3.36t across the April–March fiscal year, with stand-alone health insurers extending their growth run and Care Health crossing ₹100bn after a 20.9% annual increase.
A sharper tilt towards protection, improving cost efficiency and a changing distribution mix helped ICICI Prudential Life strengthen profitability in FY2026.
