Indian Insurance Industry News & Updates - Life Insurance
Loss of input tax credit, policy changes weigh on life private insurers’ Q4 margins, profitability
Mumbai: The trailing impact of disruptions related to goods and services tax (GST) and recent policy changes dulled the March quarter for life insurers. HDFC Life Insurance and ICICI Prudential Life Insurance, India's second and third largest private life insurers respectively, reporting softer growth and lower margins in what is usually their strongest premium season. Analysts expect the pressure to spill into the first half of the current fiscal year.
‘We don’t expect significantly disruptive regulation on distribution costs,’ says Vibha Padalkar, MD & CEO of HDFC Life Insurance
HDFC Life Insurance reported a 6% increase in standalone net profit for FY26 at ₹1,910 crore, with GST changes and surrender norms impacting profits and business margins. MD and CEO Vibha Padalkar tells Narayanan V on growth outlook for FY27, demand for ULIPs amid volatile market and views around high distribution cost of the industry. Edited Excerpts:
HDFC Life Insurance Q4 profit rises 4%; HDFC Bank to infuse ₹1,000 crore
LIC’s bonus dhamaka sparks 7% rally in two days. What lies ahead?
ICICI Pru Life: Moving in right direction, but still doesn’t justify rosy outlook embedded in valuation
Investors cheered ICICI Prudential Life Insurance Co.’s March quarter (Q4FY26) results, sending the stock up around 3% to ₹560. Its annualized premium equivalent (APE) stood at ₹3,830 crore, up 9.3% year-on-year — a sharp improvement from 3.6% growth in Q3. Notably, APE had declined in the first two quarters of FY26.
ICICI Prudential Life to seek one-year forbearance on Ind AS rollout
ICICI Prudential Life Insurance, the country’s third-largest private life insurer by premium, will seek a one-year forbearance from implementing Indian Accounting Standards (Ind AS)-based financial reporting that took effect on April 1.
LIC should have innovative campaigns, products for young people: DFS secy
ICICI Prudential Life gains Street favour on Q4 showing, valuations
LIC share price rises 5% on announcement of first-ever 1:1 bonus issue
ICICI Prudential Life net profit rises 58% in Q4FY26 on premium growth
Bonus issue to speed up LIC OFS
LIC okays 1:1 bonus issuance, equity capital set to double
LIC board approves 1-for-1 bonus issue
Life Insurance Corporation of India on Monday approved a 1:1 bonus share issue, by capitalising its reserves and surplus.
No, life insurance isn’t like fixed deposit
In the previous instalment of CoverNote we saw an idea of what constitutes mis-selling. How does it happen? How do you get mis-led about the nature and suitability of an insurance policy?
LIC likely to announce its first-ever bonus issue tomorrow: Check key things to know
Axis Max Life ranks #1 in customer experience amongst Life Insurers in India: Hansa Research’s Life Insurance CuES 2026
New Delhi: Axis Max Life Insurance Limited (“Axis Max Life” / “Company”), formerly known as Max Life Insurance Company Limited, has secured the top position in the Hansa Research Customer Experience Study (CuES) 2026, ranking #1 among Indian life insurers with a Net Promoter Score (NPS) of 61. Conducted by Hansa Research, a full-service global market research agency conducting research in over 100 countries, the study captures insights from over 3,500 customers across 12 life insurers and measures performance in customer satisfaction and trust, as customers demand more personalized and proactive engagement.
Kotak Life Recognised among India's top life insurers for customer experience
Mumbai- Kotak Mahindra Life Insurance Company Ltd. (Kotak Life) has ranked 2nd among India's life insurance companies for customer experience in the Hansa Research Life Insurance Customer Experience Study (CuES) 2026. The Company recorded a strong Net Promoter Score of 60, reflecting high levels of customer trust, loyalty and advocacy.
Axis Max Life trims fund raise to ₹1,600 cr; Axis Bank to infuse ₹389 cr
Axis Max Life Ranks #1 in customer experience amongst life insurers in India: hansa research's Life Insurance CuES 2026
New Delhi: Axis Max Life Insurance Limited (“Axis Max Life” / “Company”), formerly known as Max Life Insurance Company Limited, has secured the top position in the Hansa Research Customer Experience Study (CuES) 2026, ranking #1 among Indian life insurers with a Net Promoter Score (NPS) of 61. Conducted by Hansa Research, a full-service global market research agency conducting research in over 100 countries, the study captures insights from over 3,500 customers across 12 life insurers and measures performance in customer satisfaction and trust, as customers demand more personalized and proactive engagement.
LIC share price jumps 6% on bonus issue buzz; analysts weigh in
Canara HSBC Life Insurance launches Promise4Wealth -- A market-linked savings plan integrating wealth creation, investment flexibility, and life cover up to age 100
New Delhi: Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next-generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long-term wealth creation and financial protection, Promise4Wealth enables participation in market-linked returns while offering the assurance of life insurance--bringing together investment and protection in a more transparent, value-driven, and outcome-focused manner. The product is available through multiple distribution channels including Policybazaar, licensed intermediaries and direct digital platforms channels of the company.
LIC bonus issue on the cards? Board meeting on April 13 to decide
IndiaFirst deal with BNP Cardif hits a UBI pact hurdle
“Misselling isn’t just about commissions”: Bandhan Life CEO on insurance reality check
Muted Q4 expectations, regulatory changes weigh on insurance majors
Led by listed life insurance majors, stocks of insurers were under pressure, falling up to 4 per cent on the BSE in Thursday’s intraday deals. Life Insurance Corporation (LIC) of India, HDFC Life Insurance, Bajaj Finserv, ICICI Prudential Life Insurance Company, and ICICI Lombard General Insurance Company hit their respective 52-week lows.
Axis Bank to deepen insurance bet with Rs 389 crore infusion in Axis Max Life; stake seen at 19.99%
HDFC Life partners with Kolkata Knight Riders this cricket season
Pritika Shah, Head-Marketing, HDFC Life, said, "Given India’s diversity, we have been building our brand through culturally relevant region focused efforts in India. This association with Kolkata Knight Riders continues that journey for us. KKR’s fantastic following gives us an opportunity to deeply connect with households across the country, especially in the East.” Binda Dey, Chief Marketing Officer, Knight Riders Sports, said, “We are delighted to welcome HDFC Life as our Official Partner for IPL 2026. The most meaningful partnerships are those built on shared values, and HDFC Life’s ethos of pride and respect strongly reflects what KKR stands for as a team. Just as our fans trust us to give our all on the field, HDFC Life empowers millions of Indians with the confidence to face life beyond it. Together, we look forward to a collaborative partnership that creates memorable moments and resonates deeply with fans across the country.” Over the course of this association, HDFC Life will roll out a series of high-impact visibility and engagement led promotions across digital, social, on-ground and other touch points in collaboration with Kolkata Knight Riders.
LIC, New India Assurance, GIC Re retain systemically important status
LIC, HDFC Life, Bajaj Finserv, ICICI Prudential Life hit 52-week lows
What are the best term insurance plans for working women?
If you are over 30 years old and have people who are dependent on your income, you must buy a term insurance plan at the earliest, because term insurance rates rise with age. However, once locked in, the premium stays the same for the policy tenure. A term cover can ensure that your family maintains its lifestyle and can meet its major financial goals—such as home loan repayment, children’s education, or ageing parents’ expenses — even if you are no longer around. Check out Policybazaar's table of the best premiums specifically for women professionals living in metros.