Shriram General Insurance (SGI) has entered a corporate agency partnership with NBFC SK Finance, making its general insurance products available through SK Finance’s network of over 700 branches. The tie-up aims to improve insurance access in rural and semi-urban markets, with SGI continuing to handle all claims and policy servicing
PNB MetLife has announced its highest annual bonus for participating policies, extending a run of larger declarations in recent years. The FY26 bonus will benefit about 5.51 lakh policyholders, with eligible policies required to have been in force on March 31, 2026. PNB MetLife India Insurance Company has declared an
Endowment plans are among the most commonly considered life insurance products in India for individuals seeking both financial protection and disciplined long-term savings. These policies combine a life cover component with a savings element, offering a lump sum payout either on maturity or in the event of the policyholder’s death.
Choosing the right health insurance for your family is one of the most important financial decisions you will make. Medical costs in India are rising quickly, and even a single hospital stay can cost ₹1.5 lakh to ₹10 lakh, depending on the treatment and city. Without proper insurance, these expenses
India’s insurance market is entering a new phase of growth, supported by strong economic fundamentals, regulatory changes and a significant protection gap, global reinsurer Peak Re said. India’s total insurance premiums reached ₹11.93 lakh crore by the end of FY 2024-2025, making it the world’s 10th-largest insurance market. However, insurance
When you join a new company in India, a health insurance policy often comes bundled with your offer letter, but most employees never read it until they actually need it. In employer health insurance, your company buys a group medical policy and pays some or all of the premium, which
Did you know that India issued .84 crore insurance policies in FY2024-25? Yet insurance penetration stood at only .7%, with life insurance accounting for 27%. That means insurance may be everywhere around you, but adequate protection still does not reach everyone. And if you look at the scale, India already
The way Indians buy insurance is changing fast. A few years ago, most people bought a policy through an agent they knew personally. Today, many people compare plans online before they even speak to anyone. This shift has brought three main routes into focus, and comparing Bima Sugam vs agent
The insurance market in India is noticing a higher spending pattern among existing policyholders but lower penetration. This highlights the need to push for widening access to underserved households. India’s insurance industry is entering a new phase after the government raised the foreign direct investment (FDI) limit in insurance companies
Five state-run insurers could realise gross proceeds of up to ₹5,650 crore from NSE’s IPO. LIC, the exchange’s largest shareholder, is retaining its 10.72% stake. Five public-sector insurers could realise sale proceeds of about ₹5,380 crore to ₹5,650 crore from the National Stock Exchange IPO, based on the final sale
