Top Indian Insurance Industry News & Updates - 20 March 2026,Friday

🏭 Industry

Centre offers insurance support as SMEs face cash-flow strain from Iran war
 
📝  West Asia conflict pushes insurers, travellers to rethink coverage amid disruptions
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🗎 Life Insurance

LIC Foundation donates school bus in Tinsukia
Tinsukia: The Life Insurance Corporation of India (LIC) Golden Jubilee Foundation donated a 43-seater school bus to Pranabanda Vidyamandir, run by Bharat Sevashram Sangha, to support education and community welfare. The handover ceremony was attended by Saumitra Kumar De, Regional Manager (Corporate Commu-nication), Eastern Zone, who reiterated LIC’s commitment to social upliftment and inclusive growth. Highlighting the insurer’s financial performance for the nine months ended December 31, 2025, De said profit after tax rose 16.68 per cent to Rs 33,998 crore. Total premium income increased 9.02 per cent to Rs 3.71 lakh crore, while assets under management grew to about Rs 59.16 lakh crore. LIC continues to lead the market with a 57.07 per cent share in first-year premium income. Under the Bima Sakhi Yojana, it has appointed over 2.97 lakh agents, strengthening rural outreach and women’s em-powerment. Senior officials, including Manoj Nathaniel, Nabarun Ghosh, Tarun Barua and Rahul Ghosh, were also present at the event.
Axis Max Life and Saarathi Finance announce strategic partnership to strengthen financial security for India’s MSMEs
New Delhi: Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited (“Axis Max Life”/ “Company”) has entered into a strategic Corporate Agent partnership with Saarathi Finance and Credit Private Limited (“Saarathi Finance”), a next-generation greenfield non-banking financial company (NBFC) focused on bridging the credit gap for India’s Micro, Small, and Medium Enterprises (MSMEs).
Doctor’s testimony exposes ‘fake’ evidence: National consumer body orders insurance firm to pay Rs 49 lakh to kin of deceased
Consumer commission news: The National Consumer Disputes Redressal Commission (NCDRC) has set aside a 2014 order of the Chhattisgarh consumer panel and directed Birla Sun Life Insurance to pay Rs 48.92 lakh with interest to the family of a deceased policyholder, while holding that the claim was denied on the basis of “fake, procured and unethical” evidence.
📝  ICICI Bank, ICICI Pru Life slip up to 4% as Prudential explores JV exit
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🗎 General Insurance

📝  Navi forays into motor insurance with zero-commission digital offering
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🏦 SEBI

Valuation 'attractive' for FPIs to invest in India, says Sebi WTM Varshney
 
Sebi may allow netting of funds for FPIs in March 23 board meeting
 
Market correction offers tremendous opportunity for FPIs, says Sebi
 
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🗎 Pension Funds/PF

EPFO minimum pension hike: Govt breaks silence in Parliament — key takeaways
The long-standing demand to increase the minimum pension under the Employees’ Pension Scheme (EPS-95) once again came up in Parliament, and the government has now clearly stated out its position.
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🗎 Mutual Funds / AMCs

SBI Mutual Fund files DRHP for ₹13,000 crore IPO
Mumbai: India’s largest asset management company, SBI Mutual Fund, has filed its Draft Red Herring Prospectus to raise about ₹13,000 crore.
SBI Funds Management files for IPO; SBI, Amundi to sell 203.7 mn shares
India's ​SBI Funds Management ​filed for ‌an initial public offering on Thursday, its draft prospectus showed.
Choice Mutual Fund opens NFO for two Nifty Index funds
Choice Mutual Fund, sponsored by Choice International Ltd, launched a New Fund Offer (NFO) for two passive index funds on Thursday — the Choice Nifty 50 Index Fund and the Choice Nifty Next 50 Index Fund. The NFO closes on April 2, 2026.
HDFC Bank share price crash: These mutual funds may see the biggest hit
 
📝  India's largest asset manager SBI Funds Management files for IPO
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🗎 Govt Securities / Bonds

Maharashtra to raise over ₹2,500 cr via bond sales for development works
The Maharashtra government will raise over ₹2,500 crore through the sale of multiple government securities of varying maturities to fund development projects, the Finance Department said in an official statement.
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