Bharti AXA Life Insurance, one of India's leading private life insurers, has announced a total bonus of INR2.05bn ($24.7m) for the financial year 2025-26. The bonus comprises a Revisionary Bonus (RB) of INR1.45bn, a Terminal Bonus of INR200m, and a Cash Bonus of INR400m.
Santam Insurance has appointed experienced insurance executive Mr Hemant Gulati as Country Head and, subject to regulatory approval, Principal Officer, of its India based operation at the Gujarat International Finance Tec-City (GIFT City).
Prudential plc said it has agreed to acquire a 75% stake in Bharti Life Insurance Company from Bharti Life Ventures and 360 ONE Asset Management as part of a strategic repositioning of its operations in India.
India's finance ministry has instructed state-run banks, insurers and financial institutions to implement cost-cutting measures, including tighter controls on travel and a phased shift towards electric vehicles, according to an order reviewed by Reuters, reported The Star.
Tata AIA Life Insurance has unveiled a unit-linked life insurance plan.
Lockton has announced the appointments of Mr Jaideep "Jay" Sharma as CEO of Lockton India, subject to regulatory approval, and Mr Nicholas "Nick" Lee as CEO Designate of Malaysia, of Lockton Sime.
The Indian government has allowed 100% FDI in domestic insurance companies under the automatic route, while retaining a 20% foreign investment cap for LICI, subject to IRDAI regulations.
India's insurance industry is expected to move into a slower growth phase in FY27. Life insurance premiums are projected to rise by 8-11%, while general insurers are likely to record high single-digit growth, as the sector adjusts to regulatory changes alongside heightened geopolitical and market uncertainty, according to a report by the Telegraph.
Data collated from over 6,000 medium, small and micro enterprises (MSMEs) has revealed that workplace risk management and insurance adoption in India's MSME ecosystem is growing significantly, according to a new analytical study by InsurTech BimaKavach.
The escalating conflict in the Middle East is not merely a geopolitical development but a structural stress test for India's risk management architecture. India's dependence on global energy markets, trade networks and financial systems has far-reaching implications. Asia Insurance Review spoke with Dr Sonjai Kumar, an Indian risk management professional.