Life insurers in India have reportedly asked the government to double the tax-free limit on insurance policies to INR500,000 ($5,232), according to Reuters, citing three sources directly familiar with the matter.
The General Insurance Council of India is working to create a more accessible, transparent, and efficient healthcare insurance ecosystem for policyholders.
Mahindra and Manulife have announced progress on their life insurance joint venture, following approval from the Ministry of Corporate Affairs.
Ageas Federal Life Insurance has appointed Mr Yash Sinha as Chief Human Resource Officer (CHRO).
The Life Insurance Corporation of India (LIC) will launch two new life insurance policies in June - the New Jeevan Sathi Single Premium and New Jeevan Sathi Limited Premium.
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.