Top Indian Insurance Industry News & Updates - 03 Dec 2025,Wednesday

🏭 Industry

Budget 2026 Expectations: Deloitte urges affordability-driven reforms in healthcare, insurance & digital ecosystem
The countdown to the Budget is gaining pace. As Finance Minister Nirmala Sitharaman prepared to present the Union Budget for 2026, the expectations around consumer-facing reforms are rising. As per Deloitte‘s Budget Expectations 2026 report, policy interventions in high-impact sectors such as healthcare, insurance and digital access could directly influence what consumers pay, how they access services and the quality of support they receive in the country.
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🗎 Life Insurance

ICICI Prudential PFM Unveils ‘My Family My Future’: empowering working women, housewives and parents to secure their family’s tomorrow
 
Chander takes charge as MD of LIC
 
📝  LIC holds over ₹48,000 crore investments in Adani group
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🗎 General Insurance

Generali Central Insurance to double premium income to Rs 10,000 crore by 2030

Mumbai: Generali Central Insurance, the general insurance joint venture of the Italian insurer of the same name and Central Bank of India, is on course for a sustained growth, aiming to nearly double the gross written premium income to Rs 10,000-crore by 2030 from around Rs 5,500 crore now, on the back of the equity and distribution boost I has got with the entry of the public sector bank as an equity partner owning 26 percent since June this year.
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🗎 Health Insurance

Maternity coverage: Buy early, cross waiting period before need arises
Maternity-related hospitalisation costs have increased significantly, especially in metro cities. One way to manage these expenses is by purchasing maternity coverage under a health insurance policy. Policybazaar.com has recorded a 150 per cent year-on-year increase in the purchase of maternity covers on its platform.
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🗎 Pension Funds/PF

Good news for EPS-95 members: Minimum pension raised from Rs1,000 to Rs 7,500
 
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🗎 Mutual Funds / AMCs

📝  Mirae Asset Mutual Fund launches BSE 500 and Nifty Top 20 based ETFs
📝  Sunil Singhania’s Abakkus Mutual Fund launches its maiden fund, a flexi-cap fund
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🗎 Govt Securities / Bonds

📝  India bonds rally on short‑covering, suspected RBI buying
📝  India bonds stuck in tight range as large state debt supply, tumbling rupee weigh
📝  Japan bond yields rise to 2008 high on rate hike bets as 10-year auction looms
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