Insurance is moving deeper into the apps Indians already use for payments, shopping and everyday transactions. Amazon Pay now offers vehicle insurance from HDFC ERGO, ACKO and ICICI Lombard, while Paytm distributes insurance products through partnerships with insurers including Digit, ICICI Lombard, Bajaj Allianz, Tata AIG, Aditya Birla Health and
Oriental Insurance Company plans to invest around ₹500 crore over the next three years to strengthen its digital capabilities and improve customer service. The public sector general insurer will focus on data security, digital products and technology-led claims processing as it expands its online services. Oriental Insurance Chairman and Managing
Aviva Life Insurance Company India Limited has launched the Aviva Smart Return of Premium Term Plan, combining life insurance protection with a return-of-premium feature. The company announced the product on September 17, 2026, saying eligible customers can receive 105% of total premiums paid if they survive until maturity, subject to
India’s insurance sector is moving towards a more connected digital ecosystem as regulators push Bima Sugam and a proposed Public Insurance Registry (PIR). The initiatives aim to simplify policy buying, servicing and claims while improving access to verified insurance information. The Insurance Regulatory and Development Authority of India (IRDAI) has
Tata AIA Life Insurance has launched Tata AIA Shubh SIP, a unit-linked insurance plan (ULIP) that combines market-linked wealth creation, life protection and retirement planning. The insurer has partnered with Policybazaar to offer the product through a digital distribution channel. The new insurance policy comes with multiple variants designed around
The insurance regulator has fined ICICI Lombard General Insurance ₹1 crore, and the order behind that number is a useful lesson in reading regulatory signals. IRDAI passed the order on 7 September 2026, penalising the insurer for lapses in how it handled outsourcing, vendor selection and governance, most of them
SEBI cleared the National Stock Exchange’s roughly ₹30,000 crore IPO on 4 September 2026, ending a decade-long wait. Buried in the offer-for-sale structure is a smaller story: five public sector insurers stand to collectively gain around ₹7,200 crore by selling part of their NSE holdings, while LIC, the exchange’s biggest
The Department of Financial Services has launched India’s first sovereign-backed Protection & Indemnity insurance product, designed by New India Assurance, under the Bharat Maritime Insurance Pool. The product covers shipping companies against third-party liabilities up to USD 1.5 billion, with a sovereign guarantee of ₹12,980 crores and follows the pool’s
The Chandigarh State Transport Authority (STA) suspended the licences of Uber India Systems and Rapido for six months from September 8, citing alleged non-compliance with the Union Territory’s Motor Vehicles Aggregators Rules, 2025. The violations cited included insurance, fare and other regulatory requirements. The suspension has resuscitated the often-neglected question
Eleven insurance companies have begun implementing Indian Accounting Standards (Ind AS) in the financial year 2026-27, as India moves to a new accounting framework for the insurance sector and seeks to align domestic practices with global standards such as IFRS (International Financial Reporting Standard) 17. The phased transition, being overseen
