INSURANCE PREMIUM
Why you should invest in health and wellness sector for improved financial health
You’ve heard it time and again — “Health is wealth.” But as one approaches middle age, this adage becomes more than just a cliché. Rising medical costs, especially due to chronic conditions like diabetes, cardiovascular complications, and lifestyle diseases, begin to weigh heavily on personal finances.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Leaderless and lagging: India's insurance overhaul stalls without Irdai head since March
India's insurance sector faces stagnation. Major reforms are delayed after the Irdai chairman's departure. Initiatives like Bima Sugam, Vistaar, and Vahaak are stalled. Plans for risk-based capital and IFRS alignment are suspended. Proposals on FDI and composite licenses await approval. Regulatory scrutiny increases over bundled insurance. Public sector insurers face solvency challenges. The industry needs transparency and rebuilt trust.
ITR filing for AY 2025-26: 7 prominent changes in ITR excel utilities for FY 2024-25, which taxpayers including salaried should know
The income tax department has introduced enhanced validation rules in the ITR filing utility for FY 2024-25 (AY 2025-26), primarily affecting salaried individuals and those claiming deductions under the old tax regime. Taxpayers must now provide detailed information for HRA, Section 80C, 80D, 80E, 80EE/80EEA, 80EEB, and 80DDB claims, aiming to curb false claims and expedite ITR processing.
Is parametric insurance the next big thing in insurance?
As climate, technology, and disaster risks intensify, parametric insurance offers a fast, data-driven alternative to traditional models. From agriculture to travel, SMEs to energy, its predefined triggers ensure swift pay-outs and financial stability. This evolving model enhances resilience, making risk management smarter, faster, and more future-ready.
Bajaj Finserv promoters to offload 1.6% stake for Rs 4,750 crore via block deal: Report
The founding firms of India's Bajaj Finserv will sell at least a 1.58% stake they own in the financial services company in a deal worth 47.5 billion rupees ($554 million), news channel ET NOW reported on Thursday, citing sources.
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Central Bank acquires 25.18 pc stake in Future Generali India Life Insurance
Central Bank of India has acquired a 25.18% stake in Future Generali India Life Insurance Company Ltd for ₹57 crore through the insolvency resolution process. This acquisition of over 65 crore shares marks the bank's entry into the insurance sector. With this deal, Central Bank of India now holds a 25.
Fintechs tap rising health insurance costs with EMI-based premium financing for corporates, individuals
With health insurance premiums steadily rising, fintech startups like BimaPay Finsure and Finsall are making coverage more affordable by offering premium financing—spreading payments into EMIs rather than reducing costs. Initially targeted at individuals, this model is now being extended to corporates and MSMEs, helping them manage large group insurance premiums.
I have multiple health insurance policies. How can I split a large claim across different health insurers?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Digit Life Insurance FY25 revenue crosses Rs 1,300 crore in first full year of operations
Digit Life Insurance witnessed substantial growth in FY 2024-25. Its revenue surpassed Rs 1,315.9 crore. The company settled claims worth Rs 2.88 billion. Digit Life improved its claim settlement turnaround time to 1.89 days. The claim settlement ratio reached 99.53%. The company focuses on simplifying products and enhancing trust. Digit Life has served 6.7 million customers with over 4,000 agents.
I-Sec maintains Buy on LIC, target price Rs 1,040
ICICI Securities maintains a Buy call on Life Insurance Corporation of India (LIC) with a target price of Rs 1,040, citing valuations based on FY27E EV. The brokerage anticipates growth in APE and VNB margin, expecting a core RoEV of approximately 10.4% for FY26E/27E. LIC's embedded value shows sensitivity to equity levels and reference rates.
Rohit Kapoor on Swiggy’s food delivery slowdown; Group life insurance gains traction
Happy Tuesday! As the food delivery market cools, aggregators are scrambling to find growth avenues. This and more in today’s ETtech Morning Dispatch.
New-age life insurers tap group business opportunity in their first year of ops
The new-generation insurance companies had adopted a retail-first approach for their general insurance business. Both Go Digit and Acko had focused on retail automobile insurance as the key product to scale up their business, but for life business they have gone the group business route.
New-age life insurance firms tap group products to boost business
Acko, Go Digit and CreditAccess, three new age life insurance players licensed in 2023, have completed their first full financial year in FY2025. Industry data shows that in their initial phase, all three have leaned heavily on group insurance policies to drive early growth. Data sourced from the Life Insurance Council reveals sharp contrasts in their premium collections.
General insurance industry premium income to grow 8.7% in FY2026, 10.9% in FY2027: ICRA
India's general insurance sector anticipates growth to accelerate in FY26, driven by private insurers' strong performance. ICRA projects an 8.7% premium income increase in FY26, reaching ₹3.21-3.24 lakh crore, and further 10.9% growth in FY27. Private insurers are expected to expand their market share, while public sector insurers face challenges due to weak capital positions.
Niva Bupa shares fall 11% as PE investor sells 12% stake in block deal
Niva Bupa shares: ETNOW had reported that Fettle Tone LLP, an investment arm of True North, was likely to offload up to 122 million shares, representing about 6.7% of Niva Bupa’s equity. Additionally, CEO Krishnan Ramachandran was expected to sell around 10 million shares, or 0.5% of the company’s stake. The shares were priced at ₹82 each, valuing the total deal at approximately ₹1,082 crore.
Think Rs 5 lakh health insurance is enough? Here's why only a Rs 1 crore health customised cover is likely to be sufficient
Medical inflation in India has consistently hovered at 13-14% annually—double the pace of general inflation and far beyond the wage growth for most Indians. Some years, it has surged as high as 20%. This is not a spike; it’s a trend. Having a minimum health cover of at least Rs 1 crore is essential in today's day and age.
Why should all health insurance claimants face painfully stringent claims processes due to a few fraud cases?
The broader lesson extends beyond health insurance to all financial services. Basic systems that people depend on should be designed to work efficiently and fairly. When they fail to do so, we need accountability mechanisms that create real consequences for those who abuse their position, whether they’re defrauding the system or denying legitimate claims.
Aditya Birla Capital invests Rs 249 crore in its subsidiary ABHFL to fund growth, improve leverage ratio
Aditya Birla Capital Limited has invested Rs 249 crore in its wholly owned subsidiary, Aditya Birla Housing Finance Limited (ABHFL). This investment aims to fund ABHFL's growth and improve its leverage ratio. Previously, Aditya Birla Capital announced a Rs 300 crore infusion into ABHFL through a rights issue, maintaining full ownership of the mortgage lender.
Irdai urges insurers to cover India, not just quote stats
Irdai is pushing insurance companies to broaden their reach. The focus is on covering more individuals. A ₹300 crore awareness campaign is planned. It aims to promote insurance adoption. Deepak Sood highlighted the evolving nature of risks. Tapan Singhel noted India's vulnerability due to low insurance penetration. General insurance has a low grievance ratio compared to other sectors.
LIC shares surge 8% on strong guidance and VNB margin growth
Life Insurance Corporation shares surged almost 8% on Wednesday, marking the highest single-day gain since December 2023, fueled by strong guidance and renewed investor confidence. Analysts attribute the surge to improved Value of New Business margins and management's optimistic growth outlook. Despite past underperformance compared to peers, attractive valuations and regulatory adjustments suggest potential near-term momentum for LIC.
FM Nirmala Sitharaman asks public sector general insurance companies to widen reach
Sitharaman reviewed the performance of PSGICs and emphasised the urgent need for digital transformation to improve service delivery and efficiency. The total premium collected by PSGICs has witnessed a significant rise from around Rs 80,000 crore in 2019 to nearly Rs 1.06 lakh crore in 2025.
Can you depend upon home loan insurance policy, which is often tied up with loan?
Insurers such as HDFC Life are increasingly using diabetes as a pre-existing condition as grounds for claim rejection, despite various legal precedents constantly stating that common lifestyle diseases such as diabetes and hypertension cannot be made reasons for claim rejection, despite no medical tests being demanded during policy issuance. Insurers are also accused of forcing customers to buy life insurance with home loans
Life insurance sector in India to grow at 10.5% against global average of 5%: Report
India's life insurance market is projected to surge at 10.5% annually over the next decade, significantly outpacing the global average. This growth is fueled by a robust economy and supportive government policies. The Indian market is poised to become the second largest in Asia, surpassing Japan, driven by reforms and increased foreign investment.
Definity’s $3.3B Travelers deal to keep 1,400 jobs in Canada; what it means for workers, brokers, and policyholders
Definity Financial Corp will acquire Travelers' Canadian operations. The deal is worth $3.3 billion. This acquisition will make Definity Canada's fourth-largest property and casualty insurer. All 1,400 Travelers Canada employees will retain their jobs. Customers can expect more options and competitive pricing. The transaction requires regulatory approval. It is expected to close by early 2026.
LIC shares rise 4% after 38% jump in Q4 profit, dividend payout
LIC shares: LIC's shares surged following a robust Q4 performance, marked by a 38% YoY jump in consolidated net profit to Rs 19,039 crore and a final dividend announcement of Rs 12 per share. The insurer's full-year profit rose by 18%, accompanied by improvements in AUM and solvency ratio.
LIC Q4 results: Net profit jumps 38% on better margins, non-par biz
Life Insurance Corporation of India reported a 38% surge in March quarter net profit, reaching ₹19,013 crore, driven by non-participating products and improved margins. The board recommended a final dividend of ₹12 per share for FY25. Despite regulatory changes impacting premium equivalent, the value of new business rose, and the solvency ratio improved, showcasing a focus on profitable growth.
LIC declares Rs 12 final dividend after strong FY25 earnings, sets record date
LIC dividend 2025: LIC has proposed a ₹12 final dividend per share for FY25, pending AGM approval. With an 18.38% profit rise to ₹48,151 crore, the insurer also reported increased premium income and allocated ₹56,190 crore as bonuses to policyholders, reinforcing its market dominance.
LIC to announce Q4 results today: Here's what to expect from the state-owned insurer
LIC is set to announce its Q4 results today, with analysts expecting a mixed performance—profitability and VNB margins may improve, but new business premium growth remains under pressure. PAT is estimated to rise 7% YoY to Rs 14,800 crore. All eyes will be on LIC’s future strategy, product pipeline, and AUM trajectory, which may touch Rs 62 lakh crore.
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