Insure
Insurance cos dread IPL cancellation, airlines & shipping lines premium hike amid an undeclared war scenario
Tensions between India and Pakistan pose significant risks for insurers and reinsurers across various sectors, including sports, aviation, and marine. The potential cancellation of the IPL 2025 due to geopolitical instability could trigger substantial claims. Reinsurers are closely monitoring the situation, with possible increases in war risk premiums and policy cancellations looming, particularly in high-risk zones.
Star Health hacker says they sent death threats, bullets to India executives
A hacker known as xenZen, who previously leaked Star Health's customer data, has claimed responsibility for sending death threats and bullets to the insurer's CEO and CFO. The threats stemmed from alleged denials of medical claims to customers, prompting police investigation and arrest of an individual involved in couriering the packages.
Generali readies capital infusion plans for India JV
Generali Group plans to inject capital into its Indian venture to expand operations, anticipating the increase in foreign direct investment in the insurance sector to 100%. While the specifics of the infusion are pending shareholder agreement finalization, Generali intends to maintain a 74% equity stake and collaborate with Central Bank, its new partner after the Future Group's insolvency proceedings.
Bajaj Group seeks CCI's nod to acquire Allianz's 26% stake in insurance JVs
Bajaj Group is seeking CCI approval to acquire Allianz SE's 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, potentially gaining full control. The deal, valued at ₹13,780 crore and ₹10,400 crore respectively, ends a 24-year partnership. Bajaj asserts the acquisition won't harm competition, citing a fragmented insurance sector.
Bajaj Group seeks CCI approval for Rs 24,180-cr Allianz stake buy
Bajaj Group entities are seeking CCI approval to acquire Allianz SE's 26% stake in their life and general insurance ventures for ₹24,180 crore. This acquisition will increase Bajaj Group's ownership to 100%, ending their 24-year partnership, and allowing both entities to pursue independent growth in India's insurance market.
Formal job creation under ESIC down by 15.3% in February: Payroll Data
As per the provisional payroll data, released by the ministry of labour and employment on Friday, new enrollments under ESIC stood at 1.54 million in February compared to 1.82 million in January 2025, a month-on-month decline of 15.3%.
LIC eases claims process for Jammu & Kashmir terror attack victims
Following the tragic terror attack in Pahalgam, Jammu and Kashmir, where 26 people lost their lives, LIC has announced relief measures for the affected families. The insurer will accept government records or proof of compensation as death certificates to expedite claims. Various state governments have also declared ex-gratia payments to the victims' families.
Industry for insurance repository offering claim-related services
The insurance regulator is considering a proposal to allow insurance repositories to offer claims-related services to policyholders, potentially speeding up claim settlements. This move follows a suggestion from the previous IRDAI chairman and is being evaluated after consultations with stakeholders. The government is also working on the National Health Claims Exchange platform to streamline health insurance claims processing.
Customised insurance in works for nuclear plants
India is developing a specialized insurance product for nuclear power plants to facilitate private sector investment and support its ambitious goal of 100 GW nuclear energy production by 2047. A dedicated expert team is collaborating with insurance companies and the Atomic Energy Regulatory Board to design the cover, potentially increasing operator liability and insurer access for inspections.
Non-life insurance sector growth halved in FY25 amid industry weakness, Care Ratings reports
India's non-life insurance industry experienced slower growth in FY25, impacted by the 1/n rule, weak vehicle sales, and commercial insurance challenges. Public sector insurers saw growth driven by retail health, while private insurers faced declines. Despite the slowdown, health insurance remained the largest segment, with SAHIs gaining market share and the retail segment showing resilience.
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Life insurers record marginal 5% rise in new premium collection in FY25
Life insurers witnessed a 5.1% increase in new business premium collection, reaching Rs 3.97 lakh crore in FY25. Individual new business premiums rose by 11%, fueled by LIC's substantial contribution and the addition of over 11 lakh new agents. The industry's expansion and digitization efforts are expected to drive further growth.
LIC hikes its stake in Bank of Baroda to 7.05%
LIC has increased its stake in Bank of Baroda to 7.05% from 5.03% by acquiring 10.45 crore shares over a period of one-and-a-half years. The stake acquisition was done between November 2023 and April 2025 through open market purchases.
Irdai’s common empanelment drive gains momentum, insurers begin onboarding hospitals for cashless treatment network
India's insurance regulator, Irdai, has initiated a common empanelment process, tasking the General Insurance Council with onboarding hospitals. Insurers are engaging with eye and general hospitals, aiming for 4,000-5,000 general hospitals in the next few months. While some hospitals welcome standardized pricing, larger ones express reservations. Insurers are expected to negotiate treatment rates based on the PMJAY framework for cost-effectiveness.
10% premium cap for seniors only on new or repriced plans, others may see steep increases
IRDAI has clarified that the 10% cap on health insurance premium hikes for senior citizens applies only to new or repriced products filed after January 31. Existing policies can still face increases exceeding 10%, potentially up to 60%, based on claims experience. Insurers await written clarification, especially regarding long-term products and renewals without repricing.
CCI clears Patanjali, 5 other entities' proposal to acquire 98 pc stake in Magma Gen Insurance
The Competition Commission of India (CCI) has approved Patanjali Ayurved and five other entities' proposal to acquire a majority stake in Magma General Insurance. This acquisition, facilitated through the green channel route, allows Patanjali Ayurved to become Magma General Insurance's promoter.
Anand Rathi Insurance Brokers appoints Sumit Dutt the Chief Executive Officer
Anand Rathi Insurance Brokers has appointed Sumit Dutt as its new Chief Executive & Principal Officer. Dutt brings over three decades of experience in insurance and financial services. Anand Rathi Group's Chairman expressed confidence in Dutt's leadership to drive innovation and excellence.
INSURE STOCKS
NSEBSE
| Company Name | Latest | Change | %Change | Volume |
|---|---|---|---|---|
| HDFC Bank Ltd. | 1889.7 | -38.8 | -2.02 | 8594397 |
| ICICI Bank Ltd. | 1388.9 | -46.6 | -3.25 | 13491197 |
| State Bank of India | 779.25 | 10.25 | 1.34 | 13577966 |
| Kotak Mahindra Bank Ltd. | 2103.1 | -9.5 | -0.45 | 4654300 |
| Axis Bank Ltd. | 1151.1 | -21.11 | -1.81 | 5379571 |
