Indian Insurance Industry News & Updates - General Insurance
PSU insurers rally up to 8% as cabinet clears 100% FDI. New India Assurance leads gainers
The Backpacker's guide to international travel insurance
Price should reflect associated risks: New India Assurance MD
New India Assurance Co Chairman and Managing Director Girija Subramanian has expressed concerns over the intense competition among general insurers, which has led to significant discounting and price undercutting, even for critical products such as natural catastrophe insurance.
Policybazaar launches Claim Kavach to simplify motor insurance claims
100% FDI can attract Rs 10-lakh-crore capital: Bajaj General Insurance chief
Bajaj General Insurance Managing Director and CEO Tapan Singhel has sought a complete opening up of the general insurance sector, advocating for 100% foreign direct investment (FDI) to enhance penetration, which currently remains at a low single-digit in terms of percentage.
Citroen India partners with IndusInd General Insurance for expanded customer insurance options
Why Zurich Kotak car insurance is becoming the preferred choice in India
North leads in motor insurance claims; EV repair may cost Rs 39,000: Report
IndiGo crisis puts spotlight on India’s neglected travel insurance market
The ongoing IndiGo Airlines crisis that left thousands of passengers stranded at airports across the country has once again revived attention on India’s largely overlooked travel insurance market, which makes up less than 1% of the ₹3-lakh-crore general insurance industry.
Berkley IFSC Branch first P&C insurer in GIFT City with dual licences
Berkley Insurance Company IFSC Branch, part of Berkley Insurance Asia announced the launch of its India operations last week.
Travel insurance: If an airline cancels a flight, it pays, not the insurer
Robust growth, valuations to drive gains for general insurance companies
General insurers log a premium November
Step on Gas. How freeing Third Party motor insurance rates will benefit society and drive insurance penetration
Road accidents cause major economic and emotional damage. Third party insurance is a massive public good, which reduces inequality and social friction. In India, road accidents exact a staggering economic and human cost. Official data estimates the number of road accidents at 4.5 to 5 lakh each year. Not just that, India also reports nearly 1.5 lakh deaths annually, which is among the highest number of road-accident deaths worldwide. Every accident on India’s roads leaves behind not only emotional grief but also financial loss, medical expenses, and long-term hardship.
Freeing TP motor cover rates a collective good
‘Claims exchange will end insurer-hospital friction,’ Q&A with Tapan Singhel MD Bajaj General Insurance
The National Health Claims Exchange (NHCX) brings the entire health insurance ecosystem onto one structured digital platform. Tapan Singhel, MD & CEO, Bajaj General Insurance and chairman of General Insurance Council, tells Saikat Neogi while all insurers are already on NHCX, hospital participation has been slow. Once hospitals join, real-time digital exchange will make claims faster, simpler, and more transparent.
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ICICI Lombard, Vastu Housing Finance join hands for insurance distribution
Mumbai: ICICI Lombard General Insurance and Vastu Housing Finance announced a partnership on Friday to offer insurance products to Vastu’s housing loan customers across 17 States and 340 districts in India.
Safeguard your vehicle this monsoon: essential motor insurance add-ons from Royal Sundaram
HDFC Ergo General Insurance Company standalone net profit declines 7.80% in the September 2025 quarter
Indusind General Insurance Company standalone net profit declines 9.64% in the September 2025 quarter
Affordable for all. IFFCO-TOKIO GIC ties up with cooperatives for micro insurance
New Delhi: IFFCO-TOKIO General Insurance Company, which is celebrating the silver jubilee of its foundation, on Thursday said it has tied up with a number of cooperatives to distribute micro insurance for package policies. Established in 2000, IFFCO-TOKIO GIC is a 51:49 joint venture between Indian Farmers Fertilizer Co-operative (IFFCO) and Japan-based Tokio Marine Group.
Royal Sundaram General Insurance Co. standalone net profit declines 77.95% in the September 2025 quarter
Compact cars, SUVs drive 75% of India’s motor insurance claims: Report
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.
ICICI Lombard and IIT Bombay launch 'IL IGNITING MINDS 2025' case study competition - season 3
Cover note. Motor insurance: When service ends after sales
Have you noticed how an insurance agent or call-centre executive never lets go when they want to sell you a policy or renewal?
‘10% top line to come from crop insurance’: Chola MS
5 Reasons why one should opt SBI General Insurance''s Health Alpha
Mumbai: With medical inflation rising steadily and healthcare needs changing as one ages, consumers are looking at options outside the standard one-size-fits-all health policies. They are keen on plans that offer long-term value, deeper protection, and the flexibility to adapt to sudden changes. This is driving demand for sharp, focused health insurance solutions that offer meaningful customisation, continuity benefits, and greater control over coverage.
Govt, industry need to act on new age risks: General Insurance CEOs
Insurance companies’ work is changing as natural disasters blamed on climate change spread, cybercrimes rise, and electric vehicles (EVs) become common, said industry leaders at the Business Standard BFSI Insight Summit 2025. In a panel discussion, Yashish Dahiya, chairman & group chief executive officer (CEO) of PB Fintech; Naveen Chandra Jha, managing director (MD) & CEO of SBI General Insurance; Anup Rau, MD & CEO of Generali Central Insurance, and Tapan Singhel, MD & CEO of Bajaj General Insurance, spoke about issues they face.
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Travel Insurance Online India: Your complete guide to choosing the right international plan for Schengen & USA Trips