Top Indian Insurance Industry News & Updates - 21 April 2025,Monday
🏭 Industry
📝 Irdai’s common empanelment drive gains momentum, insurers begin onboarding hospitals for cashless treatment network
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🗎 General Insurance
International Travel Insurance is a Must for Your Summer Holiday Plans
As summer arrives, international travel is on a steep rise. Tourist visa applications for summer 2025 have surged by 68% compared to last year, reflecting a significant shift. Travel is no longer a luxury but has become an essential part of the Indian lifestyle. Popular destinations, such as Schengen countries, the United States, and the UAE, are seeing unprecedented demand, particularly among Gen Z travellers, who seek unique cultural experiences.
Marine, trade risk insurance likely to face US reciprocal tariff heat
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🗎 Health Insurance
Health segment leads decline in premium income growth of Indian insurers in FY25: Here’s why
Mumbai: India’s non-life insurance industry, led by the health segment, witnessed a decline in growth during the financial year ended March 2025 amid the slowdown in the economy and hike in premium across the board by insurers. The gross premium income underwritten by insurance companies was at Rs 3.07 lakh crore during FY25 as against Rs 2.89 lakh crore in FY24, showing a decline in the growth at 6.21 per cent as against 12.77 per cent in the previous year.
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Insuretech
How the insurtech Industry can lead sustainable initiatives and mitigate climate-related risks
Climate change is no longer a distant threat—it is a present reality, disrupting industries, economies, and livelihoods. Extreme weather events are becoming more frequent and severe, forcing businesses across sectors to rethink risk management. The insurance industry, which exists to absorb and transfer risk, must evolve to meet these growing challenges.
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🏦 SEBI
Sebi plans raising MF exposure limit in REITs, InvITs; experts flag tax concerns
The Securities and Exchange Board of India (Sebi) has proposed enhancing investment limits for mutual funds (MFs) in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs)—in a move that will potentially boost the real estate and infrastructure sectors and diversify investment avenues.
No EVs, just empty promises: SEBI slams Gensol for misleading investors
Markets regulator SEBI has pulled up Gensol Engineering for allegedly misleading investors, misappropriating funds, and fabricating claims about its electric vehicle (EV) manufacturing operations. In an interim order issued on April 15, SEBI highlighted serious lapses in disclosures and financial conduct by the company and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi.
📝 D-St seeks F&O trading test instead of tighter Sebi rules
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🗎 Pension Funds/PF
Finance ministry seeks faster roll-out of guaranteed pension
Given the modest start of Unified Pension Scheme (UPS), the finance ministry has written to the pay & accounts offices (PAOs) of central ministries, urging them to take steps to expedite its roll-out. The finance ministry proposed that staff be sensitised to undertake their assigned roles and responsibilities for time-bound implementation of the UPS.
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🗎 Mutual Funds / AMCs
Why DSP’s Kalpen Parekh has dialled up on hybrid funds
Kalpen Parekh, managing director and chief executive officer of DSP Mutual Fund, says he has been investing in mutual funds since 1999, when he began his career. “I have seen the most-favoured sector at that time — information technology (IT) — crashing along with the markets after the Dotcom bubble burst," he says. “It has somewhere made me an investor who focuses more on reducing risks, rather than chase returns," Parekh adds.
NRIs can get tax-free returns from Indian Mutual Funds
If you are an NRI, who has invested in Indian mutual funds, it is possible that the capital gains from those investments could escape taxes completely.
‘Opt for flexi-cap funds to make the best of uncertain times,’ says Neil Parag Parikh
Flexi-cap funds or diversified equity funds are a better option now, as these funds can navigate between market caps. Neil Parag Parikh, chairman and CEO, PPFAS Mutual Fund, in an interview to Saikat Neogi says short-term corporate bonds and medium-term state development loans look attractive from a risk-adjusted basis. Excerpts:
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🗎 Equities, Pvt. Equity / Hedge Funds
Vertex Ventures steps up India bets; eyes AI, fintech deals
Vertex Ventures’ Southeast Asia and India-focused fund has ramped up its investment activity in India, with a focused approach on AI-led businesses, fintech, and consumer brands. Following a slump in the broader funding environment for two years, the fund has seen a surge in deal-making since late last year.
📝 Even as equities bounce investors not ready to lower their guard
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