ICICI Bank has increased its majority holding in ICICI Prudential Life as Prudential plc prepares to reduce its stake. ICICI Bank has strengthened its majority ownership of ICICI Prudential Life Insurance, lifting its stake to about 52.8%. The bank purchased an additional 2%, comprising 29,015,693 shares worth around ₹1,470 crore,
LIC has added a guaranteed-benefit savings plan and a pure-risk term plan to its life insurance portfolio. Both go on sale from September 7 through offline and online channels. Life Insurance Corporation of India (LIC) launched Bima Platinum and Jeevan Raksha on September 1, as the insurer marked its 70th
LIC CEO and MD R Doraiswamy expects rising incomes and longer lifespans to drive demand for protection and retirement products. The comments came as LIC marked 70 years and moved to 10% public shareholding after the government’s August stake sale. India’s low insurance penetration, economic growth, rising household incomes, greater
IFFCO-Tokio General Insurance has a new chief executive. Tatsuya Fujimoto took charge as Managing Director and CEO on 2 September 2026, succeeding Subrata Mondal, who had led the general insurer since 9 September 2024. For the insurer’s policyholders, particularly the rural and motor customers who make up much of its
The government has sold a 6.5% stake in Life Insurance Corporation through an offer for sale, raising ₹31,552 crore and lifting the insurer’s public shareholding to 10%. For the millions of people who hold an LIC policy rather than an LIC share, the more useful question is what a more
Anyone who has argued with an insurer about a policy they say was mis-sold knows the first problem: proving who sold it, and what that person promised. From 1 January 2027, that gets easier to establish. The insurance regulator has cleared reforms that put a named, identifiable seller on the
The health insurance sub-committee of IRDAI’s Insurance Advisory Committee met for the third time on 28 August 2026 and returned to a problem policyholders know from the claims counter. Cover fails because of something that was never disclosed when the policy was sold. What the sub-committee discussed IRDAI’s press release
India’s insurance regulator is close to receiving the sector’s first formal recommendations on artificial intelligence. IRDAI set up a seven-member working group on 18 June 2026, chaired by Sandeep Shukla of IIIT Hyderabad, with three months to report to the member for finance and investment. Its brief covers claims and
LIC CEO and MD R Doraiswamy says economic growth, rising incomes and longer lifespans can expand demand for protection, savings and retirement products. For buyers, the longevity trend also raises a question about balancing life cover with retirement income planning. Doraiswamy expects India’s low insurance penetration, rising incomes, greater financial
