Tag: insurance penetration India
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 Public Sector Insurers Chart Growth Roadmap With Focus On Penetration

India’s public sector insurance and reinsurance giants have drawn up an ambitious roadmap aimed at strengthening financial resilience, expanding coverage and accelerating digital transformation. The strategy was firmed up at a high-level review meeting chaired by M. Nagaraju, Secretary, Department of Financial Services (DFS), under the Ministry of Finance. Vision plans under reviewThe meeting undertook […]

CW Bureau · May 5, 2026