The Pradhan Mantri Jan Dhan Yojana (PMJDY), which on 28 August 2024 marked the 10th anniversary of its establishment, has been hailed as a great success in boosting financial inclusion.
InsurancePadosi, an InsurTech platform that helps users understand their health insurance needs, has raised $500,000 in a pre-seed funding round.
State-owned LIC, India's biggest life insurer, is set to enter the market for interest-rate derivatives, specifically, forward rate agreements (FRAs), reported Reuters.
Several insurance industry players attended the "Insurance for All" Vision Meet held last week to craft a foundational framework that would guide the vision of achieving "Insurance for All" by 2047.
Mumbai-headquartered Central Bank of India (CBI), a state-owned bank, is the successful bidder for the acquisition of a stake in the life and general insurance units of debt-ridden Future Enterprises Ltd (FEL).
The share of life insurance policies sold in rural areas by top private insurers fell in the financial year ended on 31 March 2024 (FY24), compared to previous financial year.
Officials are discussing a proposal to increase the foreign direct investment (FDI) limit for insurance to 100%, from the current 74%, a move which has the backing of the Insurance Regulatory and Development Authority (IRDAI).
SBI Life Insurance, one of India's most trusted life insurance companies, has partnered with the Paralympic Committee of India (PCI) as a Gold Sponsor for the Paris 2024 Paralympic Games starting on 28th August 2024 in Paris.
Government-owned general insurer National Insurance Company (NIC) is aiming to return to profit in the current fiscal year ending 31 March 2025 (FY2025), after incurring losses for nearly a decade, one of the company's directors said.
Less than 10% of micro, small, and medium enterprises (MSMEs ) in India have adequate insurance coverage, according to a report released by the National Institute for Micro, Small and Medium Enterprises (NI-MSME).