INSURER
ICICI Prudential Life launches BSE 500 Enhanced Value 50 Index Fund
ICICI Prudential Life Insurance launched the BSE 500 Enhanced Value 50 Index Fund under its ULIPs, offering investors exposure to fundamentally strong yet undervalued companies through a rule-based, diversified strategy.
KKR eyes partnerships in insurance, infra for India investment push
KKR plans to significantly increase its investments in India, aiming to deploy $90-100 billion globally in 2025 with India accounting for a substantial portion. The firm will expand its focus across healthcare, consumer, technology, financial services, and infrastructure, including manufacturing and corporate bonds.
Warburg in talks to sell its 26% stake in IndiaFirst Life
Warburg Pincus is in advanced talks to sell its 26% stake in IndiaFirst Life Insurance for approximately ₹10,000 crore. The private equity firm is approaching global strategic investors and PE funds for the exit, with bids expected in early December. Barclays is managing the deal, aiming for a March 2026 signing.
Govt probes complaints of Re 1 crop damage claims; warns insurers against playing jokes with farmers
Union Agriculture Minister Shivraj Singh Chouhan has ordered a probe into crop insurance claims as low as Re 1. He expressed strong disapproval of insurers providing such minimal amounts to farmers. The minister emphasized that such practices are unacceptable and likened them to jokes. He directed officials to ensure accurate crop damage assessments and expedite claim settlements.
Kshema General Insurance raises $20 mn from Green Climate Fund
Kshema General Insurance secured $20 million from the Green Climate Fund for its 'Harnessing Insurance for Climate Resilience in Indian Agriculture' project. This initiative aims to expand microinsurance coverage for smallholder farmers facing climate-induced losses and enhance the company's underwriting capacity. The investment will also bolster Kshema's proprietary technology platform for customized insurance solutions and advisory services.
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BFSI sector surge over 50 times in market capitalization in 20 years: Bajaj Finserv AMC
India's BFSI sector has seen remarkable growth, with market cap surging over 50 times to Rs 91 trillion by 2025, driven by financialisation and regulatory reforms. This sector consistently outperformed the broader market, showcasing its integral role in India's economic transformation and capital markets.
Lincoln International completes MarshBerry acquisition to expand insurance and wealth management advisory services
Lincoln International has completed its acquisition of MarshBerry, an investment banking and consulting firm serving insurance brokerage and wealth management sectors. The transaction expands Lincoln International's capabilities in financial services, adding MarshBerry's consulting, valuation, and benchmarking services to its investment banking platform
Employer health insurance: Who pays employees’ claims when the insurer changes? 7 key things to know
Group health insurance offers comfort to employees and families, but policy renewals, insurer switches and exits can complicate post-hospitalisation claims.
How to claim your inheritance — property, EPF, bank FDs, mutual funds
Navigating the inheritance of assets following a loved one's death can be a daunting task. Families are tasked with understanding the legal intricacies needed to access everything from bank accounts and stocks to insurance policies and cryptocurrency.
Obamacare premiums double, adding post Halloween fright for US health insurance shoppers
Americans enrolling for 2026 Obamacare health insurance plans are facing an average premium hike of 114%, as temporary COVID-era subsidies are set to expire amid a month-long U.S. government shutdown. The lapse of these subsidies — which had doubled Affordable Care Act (ACA) enrollments to 24 million since 2021 — could push millions into the ranks of the uninsured if Congress fails to extend them.
November 1 countdown: Insurance costs about to spike for millions of Americans - details to know
Millions of Americans may soon pay more for health insurance as the 2026 Obamacare open enrollment begins. Lawmakers are still fighting over whether to extend the special subsidies that keep costs low. If no deal is made, premiums could rise sharply next year, affecting families and individuals across the United States.
Earnings recovery ahead: Quantum AMC’s Christy Mathai bets on banking, logistics, and pharma
Christy Mathai, Fund Manager at Quantum AMC, expects Indian markets to trend higher as earnings recover and macro tailwinds strengthen. Banking remains a core holding, while logistics, pharma, and insurance are emerging as new opportunities amid attractive valuations. With monetary easing and fiscal support boosting consumption, she sees a positive long-term market outlook.
Saudi Arabia makes health insurance mandatory for issuance of temporary work visas
Saudi Arabia now requires foreign workers to have health insurance before their temporary work visas are approved. This new rule means companies must use registered providers approved by the Council of Cooperative Health Insurance. The insurance is now directly linked to the worker's passport. This change aims to better protect workers and streamline processes for employers.
Insurance companies cannot deny compensation because of route deviation: SC
The Supreme Court has ruled that insurance companies must compensate accident victims even if the vehicle deviated from its permitted route. The court stated that the purpose of insurance is to protect owners from liability. Denying compensation to victims due to such violations is unjust. This decision came while dismissing appeals from a vehicle owner and an insurer.
A guide to buying the right spare parts for your bike
Choosing the right bike spare parts ensures optimal performance and safety. Genuine parts maintain your bike's warranty and can be crucial for insurance claims. Always verify part numbers and look for BIS certification. Buy from authorized dealerships or trusted mechanics. Maintaining records of replacements is vital for insurance purposes. Avoid cheap deals from unverified sellers to prevent future costs.
Simpler compliance, standardised cyber support key to MSME insurance growth: Onsurity CEO
While awareness is growing, many MSMEs still see cyber insurance as complex, expensive, or “only for large firms,” says Yogesh Agarwal, Founder & CEO of Onsurity
Zero GST on health insurance plans sparks 38% surge in demand: Report
Health insurance demand has surged by 38 percent following the removal of GST. Individuals are now opting for higher coverage amounts, with the average sum insured increasing significantly. This trend is observed across various age groups and even in smaller cities. The exemption makes health and life insurance more affordable, encouraging comprehensive protection against rising healthcare costs.
PB Fintech shares surge 5% after Q2 profit more than doubles on strong insurance growth
PB Fintech, which oversees the operations of Policybazaar and Paisabazaar, has witnessed a remarkable 165 percent year-on-year growth in net profits, now amounting to Rs 135 crore for the quarter ending in September. This substantial rise was largely driven by strong performances in its insurance division and improved operational practices.
PB Fintech Q2 Results: Profit skyrockets 165% YoY to Rs 135 crore on strong insurance growth
PB Fintech, parent of Policybazaar and Paisabazaar, reported a 165% YoY surge in Q2 FY26 profit to Rs 135 crore, driven by 40% premium growth, better operational efficiency, and improved margins. Renewal revenues and new business lines also strengthened performance.
10 key medical services your Medicare doesn’t cover and how to manage these gaps
Original Medicare offers vital health coverage but leaves many services uncovered. Dental care, vision, and hearing aids are largely excluded. Long-term care and cosmetic surgery also fall outside its scope. Routine physicals and massage therapy are not covered. Beneficiaries often need supplemental insurance or Medicare Advantage plans to manage these gaps. Financial planning for out-of-pocket costs is crucial.
LIC denies receiving or issuing documents cited in Washington Post report alleging external influence on investment decisions
Life Insurance Corporation of India has denied allegations from The Washington Post. The insurer states it neither issued nor received documents suggesting external influence on its investments in the Adani Group. LIC maintains all investment decisions are made independently and with due diligence. This is the second denial from LIC regarding the report.
Go Digit Q2 net profit rises 31% on higher premium growth
Motor insurance continued to be the company’s largest segment, followed by health, fire, corporate, marine, and other lines of business. Claims paid during the quarter rose to Rs 1,098.2 crore from Rs 851.1 crore in the same period last year. Meanwhile, the solvency ratio improved to 2.26 from 2.18 a year ago, indicating a stronger capital position.
Iran, Russia and the New Zealand insurer that kept their sanctioned oil flowing
A New Zealand insurer, Maritime Mutual, faces a probe for insuring tankers carrying sanctioned Iranian and Russian oil. These vessels are part of a 'shadow fleet' that evades Western sanctions. New Zealand authorities, with international partners, are investigating potential violations. Maritime Mutual denies wrongdoing, stating it has a zero-tolerance policy for sanctions breaches.
Canara HSBC Life Q2 Results: Net profit rises 11% to Rs 41 crore
Canara HSBC Life Insurance Company on Monday reported an 11 per cent rise in net profit to Rs 41 crore in the September quarter of the current fiscal.
Delay in discharge from hospital remains a pain point for policyholders: Will it improve soon with insurers and hospitals coming together?
The insurer-hospitals’ meeting on October 9 put discharge delays under the spotlight. Can hospitals and insurers finally move towards making the process smoother for patients?
Confused about which health insurance to buy? Here’s all you need from youth to retirement
Here’s the protection you will require to keep pace with the changes in your age and life stages.
Festive season sees rise in insurance policy bookings: Policybazaar analysis
Indian insurance payments surged 14% week-on-week and 35% year-on-year during the festive season, driven by a 0% GST reform and early spending. UPI dominated, while credit cards saw a strong comeback for higher-value policies, and monthly premium plans gained traction, indicating insurance is now a key part of festive planning.
US life insurers, not LIC, led recent Adani investments
Global insurers are now key financiers for Adani Group companies. This comes as India's LIC faces scrutiny over its investments. Athene Insurance led a significant debt investment in Mumbai International Airport Ltd. Adani Green Energy also secured funding. Adani Group has raised over USD 10 billion in new credit facilities. LIC maintains its investments are independent and diversified.
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