The GST exemption on individual life and health insurance has encouraged more people to buy policies and opt for higher coverage, although demand growth has moderated from the initial surge. India’s insurance sector has seen a clear increase in insurance demand since the government removed GST from individual life and
Niva Bupa Health Insurance continues to maintain strong capitalisation despite recording underwriting losses, according to AM Best. The rating agency expects the insurer’s risk-adjusted capitalisation to remain at its strongest level, supported by internal capital generation and retained earnings. AM Best assigned Niva Bupa a Financial Strength Rating of A-
Only 11 insurers across India’s life, general, health and reinsurance segments have started the transition to Indian Accounting Standards (Ind AS) for the financial year 2026-27, highlighting the scale of work involved in adopting the new reporting framework. The group includes two life insurers, four general insurers, four standalone health
India’s rapidly expanding data centre industry is creating new challenges for the insurance sector, particularly around power outages, cyber threats, construction activity and water availability. A new report from global insurance broker Howden says traditional insurance cover may not fully protect operators against some of these emerging risks. More than
India’s insurance regulator wants to make it far easier for people to see their insurance policies in one place and compare products before buying. On 1 September 2026, IRDAI released a consultation paper proposing a Public Insurance Registry (PIR), a shared digital layer meant to connect insurers, intermediaries and policyholders.
