CHENNAI: Indian Bank’s plan to enter the life insurance and asset management businesses is moving toward a board decision. Managing director and chief executive Binod Kumar told PTI in an interview, describing the process as “very much on track.” Kumar said the bank is working to secure internal board clearance
Ganesh Chaturthi draws lakhs of devotees to pandals across Maharashtra, Karnataka and other states, creating significant financial risk for organisers. A fire, a collapsed structure, a crowd injury or theft of a gold-plated idol can cost a mandal far more than the cost of setting up a pandal. With so
Indian Bank is moving ahead with plans to enter the life insurance sector as the public sector lender prepares to seek approval from its board of directors for the proposed venture. The bank is also working on plans to enter the asset management business as part of a broader strategy
Artificial intelligence can help India’s insurance industry expand its reach, but technology alone will not be enough to close the country’s insurance gap, NITI Aayog has said. The government policy think tank has called for greater collaboration between the government and private-sector insurers to bring the country’s large “missing middle”
An insurer cannot reject a claim over a drinking habit the buyer had already disclosed. That, in short, is what a consumer commission in Nagpur has ruled, ordering Edelweiss Tokio Life Insurance to pay a widow a claim of ₹50 lakh with interest after it repudiated her late husband’s policy
Shriram General Insurance (SGI) has entered a corporate agency partnership with NBFC SK Finance, making its general insurance products available through SK Finance’s network of over 700 branches. The tie-up aims to improve insurance access in rural and semi-urban markets, with SGI continuing to handle all claims and policy servicing
PNB MetLife has announced its highest annual bonus for participating policies, extending a run of larger declarations in recent years. The FY26 bonus will benefit about 5.51 lakh policyholders, with eligible policies required to have been in force on March 31, 2026. PNB MetLife India Insurance Company has declared an
Endowment plans are among the most commonly considered life insurance products in India for individuals seeking both financial protection and disciplined long-term savings. These policies combine a life cover component with a savings element, offering a lump sum payout either on maturity or in the event of the policyholder’s death.
Choosing the right health insurance for your family is one of the most important financial decisions you will make. Medical costs in India are rising quickly, and even a single hospital stay can cost ₹1.5 lakh to ₹10 lakh, depending on the treatment and city. Without proper insurance, these expenses
India’s insurance market is entering a new phase of growth, supported by strong economic fundamentals, regulatory changes and a significant protection gap, global reinsurer Peak Re said. India’s total insurance premiums reached ₹11.93 lakh crore by the end of FY 2024-2025, making it the world’s 10th-largest insurance market. However, insurance
