Fairfax said Digit and IIFL Capital would retain their existing management teams while gaining access to IDBI Bank's customer base and distribution network.
Lower expenses and premium growth drove a modest improvement in Go Digit’s Ind AS combined ratio in FY2026, despite weaker loss performance in select segments.
The modest Rajasthan demand adds to a growing GST dispute position for ICICI Prudential Life, which faces total exposure of 9.84bn rupees following February's dismissed appeal.
Indian insurers continue to face escalating tax scrutiny as Go Digit becomes the latest to receive a sizeable demand order, prompting plans for an appeal.
IRDAI's push for commission-free policy sales on Bima Sugam signals the regulator's wider effort to rein in costs that have surged across the sector in recent years.
