Insurance News

India Medical Tourism may attract more overseas patients with wider global insurance coverage. Here’s why Apollo’s Sangita Reddy sees potential for growth.

Policybazaar says the proposed IRDAI reforms reflect principles it already follows, highlighting its existing approach to insurance distribution and customer services.

IndusInd General Insurance appoints Sharad Mathur to lead the company as MD and CEO, bringing a new leadership focus to its next phase of growth.

Wipro IT Services, LLC has agreed to acquire a 20% stake in FLARRE.AI, Inc., an agentic AI platform for insurers, for $2,000 in cash, with completion expected by October 31.

Ather Energy is entering the insurance distribution market with regulatory approval to offer life, health and general insurance products, broadening its business beyond electric mobility.

Risk insurance takes centre stage as India rolls out two new policies designed to strengthen credit protection and support shipbuilders in managing financial risks.

HDFC Bank has named Anup Bagchi as its next MD & CEO, bringing the experienced financial services executive to lead the bank. Bagchi currently heads ICICI Prudential Life.

Insurers are spending faster than they are selling, according to McKinsey, as rising costs put pressure on growth and profitability across India’s insurance sector.

Anupam Mittal questioned the logic behind IRDAI’s commission proposals, while Yashish Dahiya said the issue goes beyond price.

IBAI has raised concerns over potential job losses if IRDAI implements its proposed commission caps.

PB Fintech faces a fresh wave of target cuts from HSBC, Motilal Oswal, Bank of America and Jefferies.

PB Fintech’s business is split roughly 50:50 between life and non-life insurance, and management’s assessment differed sharply between the two.

PB Fintech shares, the parent of Policybazaar, hit the 20% lower circuit at ₹1,508 on Thursday morning after the insurance regulator released a draft paper proposing deep commission cuts across life, health and motor insurance.

PB Fintech shares, the parent of Policybazaar, hit the 15% lower circuit at ₹1,603 on Thursday morning after the insurance regulator released a draft paper proposing deep commission cuts across life, health and motor insurance.

Mumbai’s GSB Seva Mandal has insured its Mahaganapati idol for a record ₹703.27 crore. The 72nd Ganeshotsav runs September 14–18 at King’s Circle.