Amazon Pay India launched health insurance on 10 September 2026, in partnership with HDFC ERGO, adding to the motor cover it already distributes through ACKO and ICICI Lombard. CEO Vikas Bansal said that travel insurance is next. Amazon Pay itself doesn’t underwrite any of these policies; it’s a registered distributor,
According to industry data and as reported by Business Standard, non-life insurers have registered a sharp rise in underwriting losses for FY26. Spiking from ₹302.88 billion in FY25 to ₹452.79 billion in FY26, a 50% rise has been noted. Among these, United India Insurance recorded the heaviest bulk with a
India’s general insurance industry reported a sharply higher underwriting loss in FY26 even as premium collections grew. For households, the pressure is most visible in health renewals and motor own-damage pricing. India’s general insurance industry recorded an, while gross written premium grew 9.3% to around ₹3.36 lakh crore. The industry’s
India’s non-life insurers recorded double-digit premium growth in August, with standalone health insurers expanding substantially faster than the broader market. Year-on-year growth accelerated from July, while specialised insurers continued to weigh on the industry total. Standalone health insurers recorded the strongest growth among the major industry groups. Their August premium
The global artificial intelligence (AI) in insurance market is projected to grow more than elevenfold by 2034 as insurers increase the use of AI across claims processing, underwriting, fraud detection and customer service. According to Fortune Business Insights, the market is expected to rise from $13.45 billion in 2026 to
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
