Indian Finance Minister Ms Nirmala Sitharaman will present the country's Budget for the financial year ending 31 March 2027 (FY2027) to the Indian Parliament on 1 February 2026. The insurance industry expects a lot from this Budget, as it is already buoyed up by the recent reforms by the government.
Tata AIA Life Insurance has updated its long-term savings plan, Fortune Guarantee Supreme, to make saving easier and more predictable.
The role of IFSCA- IRDAI GIFT City in advancing India's aspiration to become a global reinsurance hub is extremely important as India stands at the cusp of transformative growth in the vital sector of reinsurance, according to the Secretary of the government's Department of Financial Services.
The Indian insurance sector is poised for robust mid-term growth, supported by solid macroeconomic fundamentals and rising consumer demand, according to Swiss Re's report "India's Economic and Insurance Market Outlook 2026 2030: Resilient and Rising Amid Global Shifts".
Saudi Reinsurance Company (Saudi Re) yesterday launched a branch in Gujarat International Finance Tec-City (GIFT City) in Mumbai, having obtained the approval of the Saudi Insurance Authority and the relevant Indian authorities to open the branch to conduct reinsurance business.
SBI Life Insurance has launched 'SBI Life - Smart Platina Advantage', an individual, non-linked, non-participating life insurance savings product that offers long-term guaranteed benefits along with life insurance protection throughout the policy term.
To achieve the goal of "Insurance for All by 2047", India will need to coordinate action across regulators, insurers, government, technology providers and civil society, according to a new report.
The Global Reinsurance Summit (GRS), conceived in 2023 and shaped through joint efforts of IFSCA-IRDAI and GIFT City, is now poised to continue its journey with third edition scheduled to be held at Mumbai on January 19, 2026.
Bajaj Finserv, one of India's largest financial services companies, has completed the acquisition of 23% stake in its insurance subsidiaries -- Bajaj General Insurance and Bajaj Life Insurance -- from Allianz SE.
India's efforts to achieve universal insurance coverage by 2047 could take shape in the upcoming 2026 Union Budget, set to be presented in February.