Prudential Health India, a standalone health insurance company backed by Prudential plc and the HCL Group, has commenced its business operations in India.
The adoption of health insurance in India continues to rise, however, health insurance customers' experience with the health insurers remains under pressure, according to a new report.
India's non-life insurance industry saw gross premiums grow 5.7 per cent year-on-year in July 2026, reaching INR31.398bn. According to data from the General Insurance Council, growth slowed sharply from 15.9 per cent in June, amid declines in fire and crop insurance that offset continued expansion in health and motor insurance. For April-July FY2027, however, non-life insurance premiums grew 9.5 per cent year-on-year, compared with 7.1 per cent during the same period a year earlier.
GIC Re has announced a 10% increase in net profit to INR1922cr ($201m) in the April - June quarter of the current financial year, against INR1752cr in the same quarter in the previous financial year.
India's life insurance market has seen a gradual shift towards higher sum assured policies, although lower-value cover continues to dominate the overall policy base, according to Insurance Information Bureau data for FY2021-FY2025.
India's Appointments Committee of the Cabinet has approved the appointments of:
India has released the draft rules detailing the approvals and arrangements that the nuclear plant operators need to maintain. These include an insurance cover, financial security or a combination of both for nuclear damage.
Corporate India employees see the rising healthcare costs as a major worry, according to a new survey by Tata AIG General Insurance.
India is considering a series of health insurance reforms aimed at curbing rising healthcare costs, improving pricing transparency and streamlining claims, according to sources familiar with the discussions.
Life Insurance Corporation of India (LIC) saw a 22.81% year-on-year increase in profit after tax to INR134.9bn ($1.5bn) for the quarter ended 30 June 2026, supported by growth in premium income and a sharp improvement in the value of new business (VNB). Total premium income rose 6.75% to INR1,272.5bn, while individual business premium increased 5.52% to INR754.16bn and group business premium grew 8.61% to INR518.34bn.