General Insurance Sector In India

Globally, insurance is moving to a risk management and a risk service business. India also has to do the same

With the Central government proposing to allow composite insurers, the four public sector general insurance companies can be merged with the Life Insurance Corporation of India

With a 10 per cent fall in equity markets, the embedded value of LIC declines by 7 per cent

Offers for senior citizens without an age cap

The Indian non-life industry logged 15.3 per cent growth during the first half of FY23 as compared to 12.6 per cent growth for the same period previous year, CARE Ratings Ltd said.

The general insurance industry has reported sound growth in the first quarter (Q1) of financial year 2022-23 (FY23) thanks to group health and motor businesses

Claims have also not risen sharply both in motor and health, giving some respite to insurance companies

But in terms of sum assured or scope of coverage, the products are unlikely to meet your needs

ICRA expects the PSU insurers to improve pricing in Motor OD segment, and be more selective in health segment in FY2019