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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

Fire insurance premiums in India fell to ₹8,087 crore in Q1 FY27, down from ₹11,206 crore a year earlier, a drop of nearly 28%. The fall follows months of heavy discounting on large industrial and commercial fire risks. IRDAI has now written to insurers warning that pricing must stay actuarial

Fire insurance premiums in India fell 28.5% year-on-year between April and July 2026, driven by steep discounting and easy reinsurance capacity. With IRDAI warning against unsustainable pricing and insurers already absorbing underwriting losses, several general insurers are now expected to correct fire premiums upward. For a few years now, insuring

Bima Sugam, IRDAI’s digital insurance marketplace, is due to have motor, health and term insurance live by the end of September 2026. Motor renewals and health insurance began rolling out in August, but insurer integrations are still running behind, and reports through mid-August still described motor insurers as being in

InsuranceDekho and RenewBuy have completed the consolidation of their businesses, creating a pan-India insurance distribution platform with more than ₹6,600 crore in premium and over six lakh digital partners. The combined entity will operate under the InsuranceDekho brand, with Ankit Agrawal as chief executive officer. The companies said the merged