India

Night aerial view of a modern city with illuminated streets and high-rise residential blocks on both sides of a main road at night.

ProTec General gets IRDAI licence; regulator rolls out governance, policyholder reforms

July 30 2026

The reforms are aimed at easing operational rules for insurers and improving accountability in insurance sales.

Red stamp impression reading 'ACQUISITION' on white paper beside a wooden-handled rubber stamp.

Patanjali, DS Group secure IRDAI nod for US$470m Magma General Insurance takeover

July 30 2026

Patanjali is set to acquire a 73.56% stake in the insurer, while DS Group will hold 24.50%.

Bank of Baroda files notice of loss with lead cyber insurer National Insurance — report

July 30 2026

The Indian lender's programme reportedly carries aggregate cover of about ₹7.5bn (US$78.4m), though sources say the loss limit applying to this incident is closer to ₹3bn.

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Go Digit General secures competition authority nod for holding company merger

July 30 2026

The insurer will remain the surviving entity following the merger.

Wooden letter blocks spelling RISK sit on scattered US $100 bills, illustrating financial risk

Policybazaar offers US dollar-denominated term insurance for NRIs via GIFT City

July 30 2026

The product is designed to reduce currency depreciation risks for overseas Indians.

LIC elevates Shatmanyu Shrivastava to CFO, Varadarajan Muthuvenkataraman named CRO

July 29 2026

The new finance chief replaces Sunil Agrawal, who stepped down late last month.

tech-and-product-innovation-fuels-private-insurers-rise-in-indian-motor-segment-globaldata

Indian insurers await motor TP rate revision after four-year freeze

July 29 2026

IRDAI's chairman said any revision will likely follow claims experience and loss ratios by vehicle segment, rather than an across-the-board hike.

Hand holding a smartphone with floating KYC and banking icons above the screen on a desk setup.

India to launch shared KYC framework for insurers and banks — report

July 28 2026

The framework aims to simplify customer onboarding and reduce repetitive KYC requirements across the insurance and banking sectors.

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WestBridge Capital begins process to exit Star Health Insurance - Report

July 28 2026

The PE firm holds around a 40% stake in the insurer through Safecrop Investments India.

Crowded railway platform with hundreds of commuters walking beside a stationary train under a shelter on a busy station.

Group schemes drive India's 16.6% life insurance premium growth in Q1 FY2027

July 28 2026

Private insurers grew 27.5% even as policy issuance lagged premium growth.

Sign reading 'Council for Insurance Ombudsmen' on a marble wall, third-floor designation in multiple languages.

IRDAI tells insurers to speed up responses to Ombudsman complaints

July 27 2026

Delayed and piecemeal submissions by insurers have been slowing Ombudsman investigations, the regulator said.

SBI Life posts 29% VNB growth in Q1 amid rising claims and costs

July 27 2026

Protection and non-participating products played a bigger role in new business generation for SBI Life in the first quarter of India's financial year.

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