BANKING & FINANCE
Life Insurance Premium Growth Slows In May, Private Insurers Gain Ground
India’s life insurance industry witnessed a moderation in growth during May 2026, with new business premiums (NBP) rising 5.1% year-on-year (y-o-y) to ₹32,030.9 crore, according to a report by CareEdge Ratings. The slowdown came after a strong start to FY27 and was largely attributed to normalisation in group single-premium business and base effects. The industry […]
CW Bureau
·
Jun 11, 2026
BANKING & FINANCE
IndiaFirst Life Rewards Policyholders With Highest-Ever ₹179-Cr Bonus
IndiaFirst Life Insurance Company Ltd has declared its highest-ever bonus of ₹179 crore for FY26, reinforcing its commitment to delivering long-term value and financial security to participating policyholders. The bonus, comprising both Reversionary Bonus and Terminal Bonus, will be distributed among eligible participating policyholders, enabling them to share in the surplus generated by the company’s […]
CW Bureau
·
Jun 6, 2026
BANKING & FINANCE
LIC Targets Bigger Premium Policies Amid Big Push For Insurance For All
Life Insurance Corporation of India (LIC) is sharpening its focus on increasing ticket sizes while simultaneously expanding policy sales as the insurance giant works towards supporting the national vision of “Insurance for All by 2047,” according to Managing Director and Chief Executive Officer R Doraiswamy. Speaking during the company’s earnings call, Doraiswamy said LIC expects […]
CW Bureau
·
May 28, 2026
BANKING & FINANCE
Prudential Redraws India Play With ₹3,500-Cr Bharti Life Acquisition
Asia-focused insurance giant Prudential plc is sharply repositioning its India strategy with a ₹3,500 crore acquisition of a controlling stake in Bharti Life Insurance Company Ltd, signalling a deeper long-term commitment to one of the world’s fastest-growing insurance markets. The transaction will see Prudential acquire a 75% stake in Bharti Life from Bharti Life Ventures […]
CW Bureau
·
May 17, 2026
BANKING & FINANCE
HDFC Life Announces Record Bonus Payout Of ₹4,596 Cr For Policyholders
HDFC Life has announced a bonus of ₹4,596 crore for participating policyholders, marking the highest bonus declaration in the company’s history. The bonus was approved at the company’s board meeting held on April 16, 2026, and will benefit around 22.2 lakh participating policyholders, underlining HDFC Life’s focus on long-term value creation and customer-centric growth. Majority […]
CW Bureau
·
May 15, 2026
BANKING & FINANCE
Oriental Insurance Hits ₹20,000 Cr Gross Premium Milestone In FY26
The Oriental Insurance Company Ltd (OICL) has crossed ₹20,000 crore in gross premium for FY 2025–2026, marking a significant milestone in its growth journey. This achievement reflects the growing trust of policyholders, intermediaries, and stakeholders, not only in OICL but also in public sector insurance institutions at large. The milestone aligns with the government’s broader […]
CW Bureau
·
Mar 27, 2026
BANKING & FINANCE
Allianz Jio Re Commences Operations In India, Offers Robust Risk Solutions
Jio Financial Services Ltd (JFSL) and Allianz Group (Allianz) through its wholly-owned subsidiary Allianz Europe B.V, have announced that their reinsurance JV Allianz Jio Reinsurance Ltd (Allianz Jio Re), has commenced operations and is authorised to underwrite reinsurance in India with immediate effect. Regulatory Approval Secured from IRDAI Allianz Jio Re received final regulatory approval […]
CW Bureau
·
Mar 26, 2026
