Search result for 'insurance penetration'

Bank of India & New India Assurance Partner for Insurance

March 27, 2025 16:38

Bank of India partners with New India Assurance to offer a wide range of general insurance products to its customers, including health, motor, and home insurance.

Prudential & HCL Group Launch Health Insurance JV in India

March 20, 2025 09:35

UK-based Prudential plc partners with HCL Group to launch a health insurance venture in India, aiming to address growing healthcare needs and contribute to 'Insurance for All' by 2047.

FDI Limit in Insurance: Parliament Panel Urges Safeguard Measures

March 19, 2025 22:44

A Parliamentary panel has urged the government to implement safeguard measures before raising the FDI limit to 100% in the insurance sector, citing concerns like profit repatriation and job security.

LIC to Buy Stake in Health Insurer Before March 31

March 18, 2025 15:32

LIC is in final talks to buy a stake in a health insurer before March 31, CEO Siddhartha Mohanty announced. The move comes as life insurance companies are not currently allowed to offer health...

PBPartners Expands in Chennai, Plans 10 New Experience Centers

February 21, 2025 17:26

PBPartners, a digital platform for insurance sellers, announces expansion in Chennai, aiming to increase insurance penetration with 10 new experience centers.

Budget 2025: Insurers Expect Tax Benefits, Healthcare Concessions

January 24, 2025 18:41

Insurers are hopeful for tax benefits and concessions in the Union Budget 2025-26, particularly for the insurance and healthcare sectors. They seek measures to promote financial inclusion, enhance...

India Economy to Grow 7% in FY25, Insurance Premium to Rise: Moody's

January 20, 2025 18:43

Moody's forecasts India's economy to grow 7% in FY25, driving insurance premium growth due to robust expansion and rising demand for health insurance.

Union Budget 2025: Insurers Seek Tax Benefits & Incentives

January 14, 2025 16:20

Insurers are seeking tax benefits for buyers and incentives for selling policies in the upcoming Union Budget. They hope for measures to boost insurance penetration and make it more affordable.

India's Non-Life Insurance Industry: Double-Digit Growth in 2025

January 2, 2025 12:44

India's non-life insurance industry is poised for double-digit growth in 2025, fueled by regulatory changes, innovative products, and increased penetration. Experts highlight the importance of GST...

UPI QR Transactions Surge 33% in Rural India: Report

December 24, 2024 16:23

UPI QR transactions at retail stores in semi-urban and rural areas have increased by 33% this year, reflecting the growing adoption of digital payments, according to a report by PayNearby.

Non-Life Insurance Claims Ratio Dips in FY24: Irdai

December 23, 2024 17:01

India's non-life insurance claims ratio decreased to 82.52% in FY24, according to the Irdai report. The report also highlights industry growth and profit trends.

Insurance Amendment Bill: 100% FDI Unlikely in Winter Session

December 8, 2024 14:38

The Insurance Amendment Bill, proposing 100% FDI, may not be introduced in the winter session due to required finetuning. It may be presented in the Budget session instead. The bill aims to...

Galaxy Health Opens First Regional Office in Chennai

December 6, 2024 16:38

Galaxy Health Insurance launches its first regional office and digital sales center in Chennai, aiming to increase health insurance penetration in South India. The company also launched its...

India to Allow 100% FDI in Insurance Sector

November 28, 2024 20:35

India's finance ministry proposes to raise FDI limit in insurance to 100%, aiming to boost the sector's growth and expand insurance penetration.

Insurtech Funding Reaches USD 2.5 Billion in India: Report

November 20, 2024 19:45

India's insurtech sector has attracted USD 2.5 billion in funding, with growth expected to continue. The report highlights opportunities for innovation in underwriting, claims, and servicing.

Irdai Pitches for 100% FDI in Insurance Sector

November 8, 2024 17:46

Irdai Chairman Debasish Panda advocates for 100% FDI in insurance to attract capital and achieve 'insurance for all' by 2027. He highlights the need for more players and the potential for...

India's Development: Banks Key to Viksit Bharat by 2047 - FM Sitharaman

September 19, 2024 16:20

Finance Minister Nirmala Sitharaman emphasizes the crucial role of banks in achieving India's vision of becoming a developed nation by 2047, highlighting their importance in driving infrastructure...

Banks Resist Short-Term Profits: Economic Survey 2023-24

July 22, 2024 20:08

The Economic Survey 2023-24 urges banks to resist pursuing short-term profits, emphasizing long-term stability and customer focus. It also highlights concerns about product misselling and calls for...

Union Budget 2024: Health Insurance, Agri-Tech, and MSME Expectations

July 11, 2024 17:11

Stakeholders anticipate tax benefits for health insurance, incentives for agri-tech, and MSME relief in the upcoming Union Budget. Read about key expectations.

Cashe Enters Insurance Broking with Centcart Acquisition

July 10, 2024 17:28

Cashe, a credit-focused fintech platform, acquires Centcart Insurance Broking Services to expand into insurance distribution, aiming to provide personalized recommendations to its 5 crore customers.

Paytm General Insurance Withdraws Registration: Focus on Distribution

June 12, 2024 22:21

Paytm General Insurance has withdrawn its registration application with Irdai, focusing on distributing insurance products from other insurers through its subsidiary. The move aims to increase...

Debt Recovery Tribunals: 2.15 Lakh Cases Pending - India News

February 5, 2024 19:45

India's Debt Recovery Tribunals face a backlog of over 2.15 lakh cases. Learn about the reasons behind the delays and steps taken by the government to address the issue.

Private Hospital Chains to Invest Rs 32,000 Cr, Add 30,000 Beds

January 17, 2024 15:26

Private hospital chains in India are set to invest Rs 32,500 crore and add over 30,000 beds in the next 4-5 years, driven by rising demand for healthcare services.

Insurance Premium to Double by FY34: Report

January 16, 2024 18:03

India's insurance sector is projected to grow over 7% annually, with premium income doubling to USD 450 billion by FY34, driven by rising awareness and low penetration.

Life Insurers Premium Income Rises 13% to Rs 7.83 Lakh Crore in FY23

December 27, 2023 22:03

Life insurance companies in India saw premium income rise by 12.98% to Rs 7.83 lakh crore in FY23, driven by strong growth in new business premiums. The report also highlights the performance of...

Indians Prefer Bank Savings & Gold: Survey

December 27, 2023 15:49

A recent survey reveals that 77% of Indians prefer bank deposits for savings, while 21% invest in gold. The survey also highlights increasing insurance penetration and stock market participation.

LIC to Play Key Role in 'Insurance For All' by 2047

December 17, 2023 15:15

LIC plans to launch a new insurance product for rural areas, focusing on 'Insurance For All' by 2047. The insurer is also undergoing a digital transformation project to enhance customer experience.

Aditya Birla Health: Outpacing Growth, Premium Relief Ahead

December 7, 2023 18:59

Aditya Birla Health Insurance expects to continue outperforming industry growth despite premium increases. The company sees relief ahead with slower premium growth and new initiatives like Bima...

India Fruit Exports Surge 47% in 5 Years: Govt

INOX Air Products Launches First Green Hydrogen Plant in India

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Search result for 'insurance penetration'

Bank of India & New India Assurance Partner for Insurance

Prudential & HCL Group Launch Health Insurance JV in India

FDI Limit in Insurance: Parliament Panel Urges Safeguard Measures

LIC to Buy Stake in Health Insurer Before March 31

PBPartners Expands in Chennai, Plans 10 New Experience Centers

Budget 2025: Insurers Expect Tax Benefits, Healthcare Concessions

India Economy to Grow 7% in FY25, Insurance Premium to Rise: Moody's

Union Budget 2025: Insurers Seek Tax Benefits & Incentives

India's Non-Life Insurance Industry: Double-Digit Growth in 2025

UPI QR Transactions Surge 33% in Rural India: Report

Non-Life Insurance Claims Ratio Dips in FY24: Irdai

Insurance Amendment Bill: 100% FDI Unlikely in Winter Session

Galaxy Health Opens First Regional Office in Chennai

India to Allow 100% FDI in Insurance Sector

Insurtech Funding Reaches USD 2.5 Billion in India: Report

Irdai Pitches for 100% FDI in Insurance Sector

India's Development: Banks Key to Viksit Bharat by 2047 - FM Sitharaman

Banks Resist Short-Term Profits: Economic Survey 2023-24

Union Budget 2024: Health Insurance, Agri-Tech, and MSME Expectations

Cashe Enters Insurance Broking with Centcart Acquisition

Paytm General Insurance Withdraws Registration: Focus on Distribution

Debt Recovery Tribunals: 2.15 Lakh Cases Pending - India News

Private Hospital Chains to Invest Rs 32,000 Cr, Add 30,000 Beds

Insurance Premium to Double by FY34: Report

Life Insurers Premium Income Rises 13% to Rs 7.83 Lakh Crore in FY23

Indians Prefer Bank Savings & Gold: Survey

LIC to Play Key Role in 'Insurance For All' by 2047

Aditya Birla Health: Outpacing Growth, Premium Relief Ahead

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