Search For "insurance penetration"
India's hospital sector to sustain 11-12% growth, driven by insurance pene
Updated : 5 months ago IST
India's hospital sector is set for sustained growth with an expected compound annual growth rate (CAGR) of 11-12 per cent, supported by strong structural demand drivers such as rising insurance penetration, growing medical tourism, and increasing healthcare needs, according to a report by C
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Canara HSBC Life Insurance and Equitas Small Finance Bank Announce Strateg
Updated : 5 months, 1 week ago IST
Chennai (Tamil Nadu) [India], December 23: Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance") has entered into a strategic bancassurance alliance with Equitas Small Finance Bank ("ESFB"), marking a significant step toward deepening life insurance penetration across Ind
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Amendments in laws to deepen India's insurance coverage, strengthen regula
Updated : 5 months, 1 week ago IST
The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, passed by the Parliament this week, is expected to improve insurance penetration, operational efficiency, and market resilience, advancing insurance for all by 2047, according to CareEdge Ratings.
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Lok Sabha passes bill to raise FDI in insurance sector to 100 pc, Sitharam
Updated : 5 months, 2 weeks ago IST
Replying to a debate on the Bill in the Lok Sabha, Sitharaman said the government wants the regulators to be more robust.
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FM introduces Insurance laws (Amendment) Bill 2025; proposes 100% FDI in I
Updated : 5 months, 2 weeks ago IST
Finance Minister Nirmala Sitharaman on Tuesday introduced the Insurance Laws (Amendment) Bill, 2025, titled "Sabka Bima Sabki Raksha", in the Lok Sabha, aiming to strengthen policyholder protection, deepen insurance penetration and accelerate the growth of the insurance sector in the coun
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Life Insurance industry posts 21% annual growth despite slowdown in Oct du
Updated : 6 months, 3 weeks ago IST
The life insurance industry witnessed a decline in new business premiums (NBP) in October 2025, primarily due to the recent Goods and Services Tax (GST) exemption on life insurance premiums.
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Pramerica Life Partners with Equitas Small Finance Bank to Expand Bancassu
Updated : 7 months, 3 weeks ago IST
Gurugram (Haryana) [India], October 8: Pramerica Life Insurance, one of India's fastest growing life insurers, has entered into a strategic bancassurance partnership with Equitas Small Finance Bank (ESFB). The collaboration is aimed at strengthening Pramerica Life's distribution network and
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Axis Max Life Insurance Partners with India Post Payments Bank to Drive Li
Updated : 8 months ago IST
New Delhi [India], September 10: Axis Max Life Insurance Limited ("Axis Max Life"/ "Company), formerly known as Max Life Insurance Company Limited and India Post Payments Bank ("IPPB") has announced a strategic partnership aimed at delivering affordable life insurance solutions beyond Tier 1
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Insurance Awareness Day: Experts say it's time to simplify and educate to
Updated : 11 months, 1 week ago IST
On the occasion of Insurance Awareness Day, several insurance providers and experts in an exclusive conversation with ANI shared their insights on the challenges facing the insurance sector in India, especially in critical segments like health and life insurance.
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Star Health Insurance Wins 'Most Effective Insurance Penetration' Runner-U
Updated : 1 year, 5 months ago IST
Mumbai (Maharashtra) [India], December 23: Star Health and Allied Insurance Company Limited (BSE: 543412) (NSE: STARHEALTH), India's largest standalone health insurer, has achieved remarkable recognition at the ASSOCHAM 16th Global Insurance Summit & Awards 2024, securing the Runner-Up p
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Health Insurance share in non-life surged to 37.1% in FY24 from 24.6% in F
Updated : 1 year, 5 months ago IST
Health insurance in India saw significant growth in recent years, its share in the non-life insurance segment surged to 37.1 in FY24 per cent from 24.6 per cent, according to a report by Axis Securities.
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India can save USD 10 bln annually by expanding insurance penetration: McK
Updated : 1 year, 6 months ago IST
India could potentially save about USD 10 billion annually by expanding insurance penetration to those people and assets that are still uninsured, according to a report by global consultancy management firm McKinsey.
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