BANKING & FINANCE
SBI Life Partners J&K Bank To Expand Insurance Reach In J&K, Ladakh
Leading private life insurer SBI Life Insurance has entered into a strategic corporate agency partnership with J&K Bank to offer its portfolio of life insurance products through the bank’s branch network. More than 1,000 J&K Bank branches will distribute SBI Life’s protection, savings, retirement and child insurance plans to customers across Jammu & Kashmir and […]
CW Bureau
·
Aug 7, 2026
BANKING & FINANCE
Younger Advisors Key For Customer Acquisition, Veterans Push Premiums
India’s insurance distribution ecosystem is undergoing a generational transformation, with younger advisors driving faster customer acquisition while experienced professionals continue to dominate high-value protection sales, according to a new study by insurtech platform Probus. The study found that Point of Sales Persons (PoSPs) under the age of 30 who joined the Probus platform for the […]
CW Bureau
·
Jul 7, 2026
BANKING & FINANCE
ICICI Prudential Charts Promoter Shift Amid Prudential’s Bharti Life Deal
A proposed acquisition by Prudential Corporation Holdings Ltd is set to trigger significant governance changes at ICICI Prudential Life Insurance. In a regulatory filing, ICICI Prudential Life said its promoters, ICICI Bank and Prudential Corporation Holdings Ltd, have executed a Letter of Undertaking to address governance and management-related matters while Prudential pursues the acquisition of […]
CW Bureau
·
Jul 5, 2026
BANKING & FINANCE
HDFC Life Steps Up Gen AI, Analytics And Digital Spending To Fuel Growth
HDFC Life Insurance Company is strengthening investments in advanced analytics, digital infrastructure, automation and Generative AI-led capabilities across its value chain as it seeks to enhance customer experience, improve operational efficiency and strengthen risk management. In his message to shareholders in the company’s Annual Report 2026, chairman Keki M Mistry said the insurer remains focused […]
CW Bureau
·
Jun 25, 2026
GENERAL
Life Insurance Renewal Premiums Account For 55% Collections In FY25
Renewal premiums contributed 55% of the total premium underwritten by India’s life insurance industry in FY25, underscoring strong policyholder retention and the long-term nature of life insurance products, according to an analysis of the IRDAI Annual Report 2024-25 by the Insurance Awareness Committee–Life Insurance (IAC-LI). The industry reported total premium income of ₹8.86 lakh crore […]
CW Bureau
·
Jun 3, 2026
BANKING & FINANCE
Canara HSBC Life Insurance Company Partners West Bengal Gramin Bank
Canara HSBC Life Insurance Company Ltd has entered into a strategic bancassurance partnership with West Bengal Gramin Bank (WBGB) to expand insurance penetration and strengthen financial inclusion across rural India. Under the partnership, Canara HSBC Life Insurance will offer its range of life insurance products through WBGB’s network of 960 branches spread across West Bengal. […]
CW Bureau
·
May 26, 2026
BANKING & FINANCE
Canara HSBC Life Declares ₹271 Cr Bonus For 2.33 Lakh Policyholders
Canara HSBC Life Insurance Company Ltd, a life insurance company offering protection and long-term savings products, has announced a bonus of ₹271 crore for FY26 for policyholders holding participating (PAR) policies. The bonus will benefit around 2.33 lakh policyholders whose participating policies were in force as of March 2026. The company said the declared bonus […]
CW Bureau
·
May 22, 2026
BANKING & FINANCE
Kotak Life Ranks 2nd In Customer Experience Study By Hansa Research
Kotak Mahindra Life Insurance Company Ltd (Kotak Life) has been ranked second among India’s life insurers in the Hansa Research Life Insurance Customer Experience Study (CuES) 2026, reflecting strong customer trust and engagement. Strong customer metrics The company recorded a Net Promoter Score (NPS) of 60, indicating high levels of customer loyalty, advocacy and satisfaction […]
CW Bureau
·
Apr 10, 2026
