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Insurance tech company Slide aims to raise $340 million in US IPO
Slide, along with some existing stakeholders, is looking to raise $340 million in the IPO, joining a lineup of impressive stock market debuts by insurance companies in recent weeks.
New Zealand's new visa policy to allow migrants’ parents to visit for up to 10 years
New Zealand will launch the Parent Boost visa in September, allowing parents of citizens and residents multi-entry stays of up to five years, renewable once for a total of 10 years. Applicants must have health insurance, meet character and income criteria, and be sponsored by a resident. This visa aims to attract skilled migrants and boost economic growth, replacing shorter current visitor visa limits.
Life insurance industry’s new business premiums up 13% in May 2025
In May 2025, India’s life insurance industry saw a 13% rise in new business premiums (NBP) to Rs 30,463 crore, despite a 10.4% drop in policies sold, due to new surrender value rules. Private insurers led growth with a 16.6% increase in NBP. LIC’s premiums rose 10.3%. Higher-value policies and group business boosted premiums, while individual regular premiums declined.
Interstate transmission: Centre allows surety bond and payment of order instruments as bid security
To bolster payment security for interstate power transmission projects, the government has introduced Payment of Order Instruments (POI) and Insurance Surety Bonds (ISB) as alternative security instruments. These measures, applicable to projects developed through tariff-based competitive bidding, aim to facilitate the evacuation of renewable energy, including 9 GW from Rajasthan and Karnataka, with significant capital expenditure allocated for transmission infrastructure.
How technology is empowering new-age insurance models and micro-entrepreneurs
India's insurance sector is undergoing a significant transformation, driven by increased internet access, smartphone usage, and supportive regulations. This shift emphasizes simplicity and accessibility, empowering micro-entrepreneurs through the PoSP model. These digitally enabled individuals are expanding insurance reach to underserved areas, fostering financial inclusion and livelihood opportunities, making insurance more inclusive and local.
Insurance sector: Has it reached an inflection point as ‘insurance for all’ gets on priority list? 8 stocks with upside potential of up to 40%
There are reports that suggest the government is considering major changes in how the insurance products are distributed. Right from insurance agents to PSU banks, there is a plan to revamp with a focus on “insurance for all”. Will this change the picture of the insurance industry? Or, after a blip, will the stocks again underperform in bullish markets? Now, before “insurance for all” starts hogging the headlines, here are a few things you should know as an investor.
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24% rise in women who have insurance in metro cities: Niva Bupa Health insurance survey
Nearly 80% claims are from women over the age of 28, according to a five-year study by Niva Bupa Health Insurance.
What are the different types of life insurance plans, do they offer saving options?
If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 54th part of this series, Riju Mehta lists the difference between various types of life insurance plans.
Planning to port your health insurance plan? Here are some challenges you should be aware of
While shifting to a new insurer may seem like a quick-fix solution to the problems with your existing health insurance plan, there are some challenges you should be aware of.
Sat Pal Bhanoo gets additional charge as LIC MD & CEO
Sat Pal Bhanoo has been entrusted with the additional charge of MD and CEO of LIC, effective from June 8, 2025, until September 7, 2025, or until a regular appointment is made. This decision follows the completion of Siddhartha Mohanty's term as CEO and MD on June 7, 2025. Bhanoo is the seniormost among the four LIC MDs.
Leaderless and lagging: India's insurance overhaul stalls without Irdai head since March
India's insurance sector faces stagnation. Major reforms are delayed after the Irdai chairman's departure. Initiatives like Bima Sugam, Vistaar, and Vahaak are stalled. Plans for risk-based capital and IFRS alignment are suspended. Proposals on FDI and composite licenses await approval. Regulatory scrutiny increases over bundled insurance. Public sector insurers face solvency challenges. The industry needs transparency and rebuilt trust.
Is parametric insurance the next big thing in insurance?
As climate, technology, and disaster risks intensify, parametric insurance offers a fast, data-driven alternative to traditional models. From agriculture to travel, SMEs to energy, its predefined triggers ensure swift pay-outs and financial stability. This evolving model enhances resilience, making risk management smarter, faster, and more future-ready.
ICICI Prudential Life disburses over Rs 900 cr as loan against traditional policies in FY25
ICICI Prudential Life Insurance disbursed over Rs 900 crore in loans against traditional policies to over 42,700 customers in fiscal year 2024-25, marking a 60% year-on-year increase. Customers can borrow up to 80% of the policy's surrender value, with digital channels being the preferred method for accessing the loan facility. At March 31, 2025, the Company had an AUM of Rs. 3.09 lakh crore and a total in-force sum assured of Rs. 39.43 lakh crore with over 9 crore lives covered.
UP: Insurance fraud amount in Sambhal crosses Rs 100 crore; ED seeks documents from police
A massive insurance scam, exceeding Rs 100 crore, has been uncovered in Uttar Pradesh's Sambhal district, involving fraudulent policies, fake documents, and even murders to claim insurance money. Police have arrested 52 people and are investigating links to 12 states, with the Enforcement Directorate also taking interest.
Central Bank acquires 25.18 pc stake in Future Generali India Life Insurance
Central Bank of India has acquired a 25.18% stake in Future Generali India Life Insurance Company Ltd for ₹57 crore through the insolvency resolution process. This acquisition of over 65 crore shares marks the bank's entry into the insurance sector. With this deal, Central Bank of India now holds a 25.
Fintechs tap rising health insurance costs with EMI-based premium financing for corporates, individuals
With health insurance premiums steadily rising, fintech startups like BimaPay Finsure and Finsall are making coverage more affordable by offering premium financing—spreading payments into EMIs rather than reducing costs. Initially targeted at individuals, this model is now being extended to corporates and MSMEs, helping them manage large group insurance premiums.
Unregulated lending may soon be banned
The government is likely to introduce a bill in the upcoming monsoon session of Parliament to ban unregulated lending activities, aiming to prevent fraud and protect citizens. This bill will not affect informal lending among relatives. It prioritizes citizens' benefits over the Insurance Amendment Bill, seeking to raise foreign investment in the insurance sector.
Under Trump's 'big, beautiful' bill, over 10 million more Americans projected to lose insurance
There would be an increase of 10.9 million people without health insurance under US President Donald Trump's big beautiful bill by 2034, according to an analysis released Wednesday by the nonpartisan Congressional Budget Office. The bill will cut taxes by $3.75 trillion but also increase deficits by $2.4 trillion over the next decade.
I have multiple health insurance policies. How can I split a large claim across different health insurers?
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Digit Life Insurance FY25 revenue crosses Rs 1,300 crore in first full year of operations
Digit Life Insurance witnessed substantial growth in FY 2024-25. Its revenue surpassed Rs 1,315.9 crore. The company settled claims worth Rs 2.88 billion. Digit Life improved its claim settlement turnaround time to 1.89 days. The claim settlement ratio reached 99.53%. The company focuses on simplifying products and enhancing trust. Digit Life has served 6.7 million customers with over 4,000 agents.
Nilesh Shetty stays cautious; 3 sectors see largest allocations in value portfolio
Nilesh Shetty of Quantum Advisors remains cautious despite the recent market rally, citing a disconnect between valuations and earnings growth. While favoring private sector banks and insurance due to attractive valuations, Quantum also sees long-term potential in IT services. Shetty is avoiding consumer staples and capital goods, deeming their valuations unsustainable given the latter's cyclical nature.
Startups eye insurance pie; Good Glamm’s salary delay
Happy Wednesday! Startups are eyeing a piece of the general insurance market. This and more in today’s ETtech Morning Dispatch.
Startups leverage distribution chops to gain ground in general insurance
Startups are leveraging their distribution muscle to carve out a larger share of India’s underpenetrated general insurance market. A growing number of startups have secured or are applying for corporate agency licences, which allow them to partner with up to 27 insurers across life, general and health categories.
Rohit Kapoor on Swiggy’s food delivery slowdown; Group life insurance gains traction
Happy Tuesday! As the food delivery market cools, aggregators are scrambling to find growth avenues. This and more in today’s ETtech Morning Dispatch.
New-age life insurance firms tap group products to boost business
Acko, Go Digit and CreditAccess, three new age life insurance players licensed in 2023, have completed their first full financial year in FY2025. Industry data shows that in their initial phase, all three have leaned heavily on group insurance policies to drive early growth. Data sourced from the Life Insurance Council reveals sharp contrasts in their premium collections.
New-age life insurers tap group business opportunity in their first year of ops
The new-generation insurance companies had adopted a retail-first approach for their general insurance business. Both Go Digit and Acko had focused on retail automobile insurance as the key product to scale up their business, but for life business they have gone the group business route.
US life insurers shifted $800 billion offshore from 2019 to 2024, Moody's says
U.S. life insurers have significantly increased their investments in private credit, shifting nearly $800 billion in reserves offshore between 2019 and 2024. This move, driven by low interest rates and competition, involves partnerships with private equity firms and relocating assets to Bermuda and the Cayman Islands.
General insurance industry premium income to grow 8.7% in FY2026, 10.9% in FY2027: ICRA
India's general insurance sector anticipates growth to accelerate in FY26, driven by private insurers' strong performance. ICRA projects an 8.7% premium income increase in FY26, reaching ₹3.21-3.24 lakh crore, and further 10.9% growth in FY27. Private insurers are expected to expand their market share, while public sector insurers face challenges due to weak capital positions.
India's health insurance sector faces growth and profitability challenges: Report
India's health insurance industry, once a growth leader, now faces structural challenges affecting both expansion and profitability. Overestimation of the addressable market, government schemes, and rising competition are key factors. Investors are advised to lower growth expectations and focus on resilient areas like TPAs and diversified insurers due to rising claim costs and hospital charges.
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