Non Life Insurance Companies

India's retail health insurance could be a $25 bn market in 5 yrs: Report

Avendus Capital study says low penetration coupled with rising disposable incomes, and product innovation by insurers could act as catalysts for the segment

Health premiums on the mend: Non-life insurance in double digits

Group health plans drive the 29% growth in health premiums during the first eight months of FY23

LIC aims to reach a mix of 75:25 between par and non-par in individual biz

The corporation has launched only non-par products this year, which cater to specific segments in its drive to increase the non-par business

Life insurers' new business premia up 18% in August despite large base

In FY23, so far, non-life insurers have reported a 19 per cent growth in premia to Rs 1.02 trillion

Non-life insurance industry reports a 21% YoY growth in premiums in June

In the June quarter, the non-life insurance industry netted premiums to the tune of Rs 54,492 crore, up 23 per cent YoY

ICICI Lombard first quarter net slumps 62% to Rs 152 cr on Covid impact

Gross direct premium income grew to Rs 3,733 crore in the reporting period, up 13 per cent over Rs 3,302 crore a year ago, which ICICI Lombard said was in line with the industry growth level.

Non-life insurers' premium income up 7% YoY to Rs 14,809 cr in June

Sequentially, the premium income of non-life insurers was up 20 per cent, after a slump of 28 per cent in May

Non-life insurers direct premium rises by 6.7% in Jan at Rs 18,488.06 cr

The cumulative premium till January 2021 rose by 1.91 per cent to Rs 1,40,999.04 crore; stand-alone health insurers witnessed 8.04 per cent increase at Rs 12,108.73 cr

Raise tax deduction limit under Section 80D in Budget: Non-life insurers

Under Section 80D, one can get tax deduction of up to Rs 25,000 for health insurance premiums for individuals below 60 years

Fire, health segments drive non-life insurers' rebound, Q2 may be better

In the first five month of FY20, the firms had seen 14 per cent growth in premiums.

Premiums of non-life insurers rise 18.4% to Rs 17,011 cr in July

The biggest gainers were the standalone health insurers, 6 in all, with premiums rising more than 40 per cent to Rs 1,573.96 crore

Women power to steer two of three beleaguered PSU non-life insurers

Women power will be steering forward two of the three beleaguered government owned non-life insurers, said industry officials

New business premiums of life insurance firms decline by 10% in June

Development is a sign that things are picking up after govt decided to gradually unlock because life companies had seen their NBP decline 32.6% and 25.4% in April and May, respectively

Merger of three state-owned general insurers on back burner due to Covid-19

Notably, the boards of the three firms had approved the merger in January and had appointed management consultant firm EY to chalk the road map for the exercise last year

Irdai rejects general insurers' call for blanket easing of solvency margins

However, it said specific cases would be considered on merit

Non-Life insurers' underwriting losses rise on higher claims, competition

Intense competition, frequency of catastrophes and higher claims are some of the reasons behind the losses.

Non-life insurers register 14% premium collection growth in Apr-Feb FY20

The crop insurance segment has seen negative growth for the private insurers as many have stopped underwriting crop insurance policies

GIC Re hikes premiums for property insurance segment under fire portfolio

The impact of increase in premiums for individual insurers will be different, depending on the kind of risk they are participating in

Non-life insurance premiums up 17% in August to reach Rs 15,964 cr

Among these, the 25 general insurance providers had a combined premium of Rs 12,447.10 crore during the month, up by 12 per cent

Life insurance can be a good investment bet in BFSI space, says expert

Strong individual business growth and market share gains are positives