IndusInd General Insurance Company, formerly Reliance General Insurance Company, has appointed Mr Sharad Mathur as Managing Director and CEO, following statutory approvals.
Digital insurance customers in India tend to generate 40% higher policy premiums than traditional off-line buyers, according to a new research report.
Mr Deepak Reddy has been appointed as CEO Designate of Bajaj General Insurance. He will take charge as MD & CEO on 1st April 2027, subject to approval of the regulator, Insurance Regulatory and Development Authority of India.
Ageas Federal Life Insurance in India has promoted Mr Puneet Suri to the dual-capacity role of National Head and Chief Administrative Officer (CAO).
The Supreme Court of India has directed that travel insurance coverage will be mandatory for all passengers buying their train journey tickets at station counters from 27 October 2026. At present, passengers can opt for this facility when they buy their journey tickets online by paying a nominal additional amount.
Canadian insurance and investment holding company Fairfax Financial Holdings has been selected as the strategic buyer for a 60.72% stake in IDBI Bank, an Indian commercial bank. The move includes plans to combine the lender with Fairfax's insurance and investment banking businesses.
LIC will offer three new insurance plans from 19 October 2026 - New Jeevan Dhara-II; Health Shield and New Cancer Cover.
PNB MetLife has appointed Mr Sagar Balkavde as Associate Director - Statutory Valuation and Reinsurance Administration.
The United Nations Development Programme (UNDP) and Generali Central, representing the Generali Group's general and life insurance businesses in India, have launched an Insurance Innovation Challenge to identify and scale solutions that strengthen the resilience of India's micro, small and medium-sized enterprises (MSMEs).
The Supreme Court of India has directed the integration of four major databases that hold vehicle, driving licence, accident report and insurance databases within four weeks to improve cross-checking of claims by the insurers and others.