IFFCO Tokio MD and CEO Tatsuya Fujimoto says India’s insurance industry needs to move beyond policy sales and focus on adequate coverage, risk prevention and customer resilience. India’s growing economy needs a stronger culture of insurance protection, according to Tatsuya Fujimoto, managing director and CEO of IFFCO Tokio General Insurance.
India’s non-life insurance premiums rose 10% in August, with retail health emerging as the main growth engine while fire premiums continued to decline. India’s non-life insurance premiums reached ₹27,455 crore in August 2026, up 10% year on year, according to CareEdge Ratings. Premium growth for the first five months of
Zurich Kotak General Insurance has launched Business Secure Plus, a digital-first platform that brings multiple business covers together and enables SMEs to manage insurance through a single interface. Zurich Kotak General Insurance (ZKGI) has launched Business Secure Plus, a digital insurance proposition designed to simplify risk protection for small and
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
Oriental Insurance Company plans to invest around ₹500 crore over the next three years to strengthen its digital capabilities and improve customer service. The public sector general insurer will focus on data security, digital products and technology-led claims processing as it expands its online services. Oriental Insurance Chairman and Managing
Aviva Life Insurance Company India Limited has launched the Aviva Smart Return of Premium Term Plan, combining life insurance protection with a return-of-premium feature. The company announced the product on September 17, 2026, saying eligible customers can receive 105% of total premiums paid if they survive until maturity, subject to
India’s insurance sector is moving towards a more connected digital ecosystem as regulators push Bima Sugam and a proposed Public Insurance Registry (PIR). The initiatives aim to simplify policy buying, servicing and claims while improving access to verified insurance information. The Insurance Regulatory and Development Authority of India (IRDAI) has
