Private Insurers

Future Protected: HDFC Bank, RIL, Infosys top holdings of private insurers

Top insurers have parked nearly a fourth of their AUM in the top 10 stocks, reveals an analysis by Nuvama Institutional Equities

Higher claims pushed up non-life insurers' underwriting losses: Report

Life insurers paid benefits to the tune of Rs 5.02 trillion in FY22, says regulator's annual report

New business premium of life insurance companies rises 30% in November

Private insurers' APE growth rebounds after lagging behind for three months

Explained: Why private insurance companies in India are coveted buys

By chasing profit over rapid expansion, companies have conserved capital, making them attractive for potential buyers

HDFC Life's net profit rises 19% to Rs 326.24 crore in Sept quarter

Value of new business (VNB) of the insurer was up 10.3 per cent YoY to Rs 748 crore in Q2FY23 compared to Rs 678 crore in the year-ago period

Abrdn to offload 2% in HDFC Life in block trades, put 43 mn shares on block

Price range set at Rs 564.1-578.55 per share; sale could fetch UK-based financial major at least Rs 2,425.6 cr

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

Life Insurers to benefit once again from low-base effect in Q1FY23

Analysts are more bullish on stocks of private insurers

ICICI Lombard reports marginal increase in net profit at Rs 446 cr in Q2

As the company has merged Bharti Axa General Insurance business with itself, the numbers are not comparable with the previous year's numbers

Covid-19 impact: ICICI Lombard net profit falls 62% in April-June quarter

In the April-June quarter, the insurer posted an underwriting loss of Rs 508.16 crore against an underwriting profit of Rs 38.16 crore in the year-ago period.

New business premium of life insurance firms declines 5.5% in May

Private insurers' NBP jumped 14 per cent in May, while state-owned Life Insurance Corporation (LIC) reported a decline of 12.3 per cent

China seeks private insurers help to unlock savings to avert pension crisis

Hong Kong insurance sector is eyeing China's $15.3 trillion savings to avert a crisis in its state pension system, the size of the world's second-largest economy

Life insurance companies' new premium business up 45% at Rs 9,739 crore

While the NBP of private insurers, 23 in total, grew 55.18 per cent over the same period last year, state-owned Life Insurance Corporation reported 35.6 per cent growth

SBI General insurance net profit grows 32% to Rs 544 cr in FY21

The results are for the fiscal ended March 3, 2021.

Insurance firms told not to alter health products to raise premium

Insurance companies can carry out minor modifications in their products, said Insurance Regulatory and Development Authority of India (IRDAI)

Non-life insurance gross premiums up 14% to Rs 15,800 cr in Feb

Specialised PSU insurers in agri business and export covers see impressive 200% growth; general and standalone health insurers see 9% and 2% growth, respectively

Govt amends rules, brings insurance brokers under ombudsman ambit

Policyholders can also now file online complaints

Private health insurers offering 80-100% discounts on renewal premia

Most health insurance provides no-claim bonus for claim-free years but that usually ranges from 25 per cent to 50 per cent

Axis entities get Irdai approval to acquire stake in Max Life Insurance

Axis Entities will have the right to acquire another 7 per cent in the life insurance company, in or more tranches

ICICI Lombard gets approval to open IFSC unit in Gujarat's Gift city

Private non-life firm ICICI Lombard on Friday said it has received approval from international financial services centre (IFSC) to open an offshore insurance office in Gift City