LIC’s new-business premium rose 45.26% in August 2026, more than twice the 19.99% growth recorded by private life insurers. The sales gap was driven partly by LIC’s group single-premium business, while claims, product mix, persistency, complaints and servicing provide the sharper buyer comparison. India’s life insurers collected ₹41,197.78 crore in
A low motor or health insurance quote can save money upfront, but recent underwriting losses and aggressive discounting have put insurer pricing discipline under scrutiny. For buyers comparing policies, solvency, claims experience and complaint data provide a more useful check on an insurer than premium alone. India’s non-life insurers reported
India’s general insurers lost ₹45,279 crore on their core business in 2025-26, up from ₹31,043 crore a year earlier, according to General Insurance Council figures. Premium income rose 9% to ₹3.36 lakh crore over the same period, and among general and standalone health insurers, only Universal Sompo kept its combined
A recent Hyderabad consumer commission ruling has put the spotlight on what can happen when insurance is sold through a bank without adequate explanation of the product. The commission ordered an insurer to refund ₹10 lakh to a 73-year-old retired professor and directed the bank and insurer to jointly pay
