Health Insurance in India Must Be Inclusive: India’s health insurance landscape has seen rapid evolution, yet several disparities remain unresolved. Health insurance accounted for a massive ₹1.18 lakh crore premium in FY 2024-25, forming about 36% of India’s general insurance premium. But a closer look at the data shows troubling asymmetries—both in terms of premium…
General Insurance Corporation of India Q4 Results: The General Insurance Corporation of India (GIC Re), a premier reinsurance company, reported its financial results for the quarter ended March 2025. The corporation witnessed a modest decline in its consolidated net profit by 3.16%, clocking in at Rs 2,498.86 crore compared to Rs 2,580.42 crore in the…
Insurance Penetration Rises, but Indians Still Financially Exposed: India’s insurance landscape has undoubtedly evolved, with awareness and policy uptake on the rise. Yet, a new report—Suraksha Kavach Report 2025 by BajajCapital Insurance Broking Ltd.—uncovers a sobering contradiction. Despite increasing insurance penetration, a large majority of Indians remain financially vulnerable during real-world emergencies. While digital tools,…
Insurance Fraud Exposed: In a shocking revelation from Prayagraj, Uttar Pradesh, a family-run gang was busted for committing large-scale insurance fraud using fake documents and forged photographs of deceased individuals. The fraudulent activity was centered in Karchhana, where the family members allegedly took out insurance policies in the names of people who had already died…
Patanjali and DS Group Acquire Magma General Insurance: The general insurance industry in India is witnessing a significant transformation with the latest acquisition of Magma General Insurance by Baba Ramdev-led Patanjali Ayurved and Dharampal Satyapal Group (DS Group). This strategic move marks Patanjali’s entry into the financial services sector, expanding beyond its traditional stronghold in…
Arthur J. Gallagher SWOT Analysis: Arthur J. Gallagher & Co. (NYSE:AJG) is a powerhouse in the global insurance brokerage and risk management landscape. Headquartered in Illinois, AJG has built a strong reputation over the decades for delivering customized insurance solutions across commercial, employee benefits, and reinsurance verticals. The company has experienced consistent growth, driven largely…
Tier-III Cities Drive 62% of New Insurance Premiums: India’s insurance landscape is undergoing a seismic shift, and at the forefront of this transformation are Tier-III cities. According to the latest report released by Probus, one of India’s leading InsurTech and insurance broking firms, 62% of the total new insurance premiums for the current fiscal year…
LIC Increases Stake in Nestle India to Over 5%: In a notable move that strengthens its position in the fast-moving consumer goods (FMCG) sector, Life Insurance Corporation of India (LIC) has increased its stake in Nestle India Ltd. to over 5%, marking a significant vote of confidence in the brand. According to the latest stock…
Galaxy Health Insurance Launches: Galaxy Health Insurance, one of India’s fastest-growing standalone health insurers, has unveiled its flagship health insurance plan, Galaxy Marvel, in collaboration with Policybazaar, India’s leading digital insurance aggregator. This new offering stands out by targeting health-conscious consumers with wellness-linked benefits, extensive coverage options, and digital-first features. The partnership allows the plan…