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.
Indian general insurers and standalone health insurers settled a record 32.6m health insurance claims in financial year 2024-25 according to Insurance Regulatory and Development Authority of India's (IRDAI) annual report for the financial year.
Insurance veteran Balasundaram R has been appointed as Senior Advisory Board member and Head of Marine Practice of Policybazaar for Business. Policybazaar for Business is the corporate insurance arm of Policybazaar.com.
Mis-selling remains a top concern for Indian insurers as complaints related to unfair business practices rose again in 2025, according to a report by the Insurance Regulatory and Development Authority of India (IRDAI).
The Life Insurance Corporation of India (LIC) has launched a special campaign to revive lapsed individual life insurance policies from 1 January to 2 March.
Life Insurance Corporation of India (LIC) has announced a strategic collaboration with Sahaj Insurance Services to strengthen insurance penetration across rural and semi-urban parts of the country.
Canara HSBC Life Insurance has entered into a strategic bancassurance alliance with Equitas Small Finance Bank (ESFB), marking a significant step toward deepening life insurance penetration across India's diverse markets.
India's life insurance sector has seen rapid growth over the past decade with the number of individuals covered increasing from 150m in FY15 to nearly 400m in FY25.