New Business Premium Growth Stalls Slightly, Policy Counts Still Lag Behind

A warm-toned visual showing rising premium values through coin stacks alongside stagnant policy volumes, representing the current trend in India’s life insurance sector.
A warm-toned visual showing rising premium values through coin stacks alongside stagnant policy volumes, representing the current trend in India’s life insurance sector.
Government credits ₹3,200 crore to 30 lakh farmers under PMFBY with faster claim payouts, boosting rural confidence ahead of Kharif season.
Axis Max Life Insurance has launched ‘Bharosa Talks’, a flagship initiative designed to explore India’s evolving mindset toward financial protection. Partnered with the latest India Protection Quotient (IPQ) 7.0 study, this platform highlights real stories and data from across demographics…
The PMFBY update ensures farmers continue receiving crop insurance benefits even if state governments default on premium payments. This critical change protects farmers’ financial security and strengthens India’s agricultural insurance framework.
Kerala’s state cabinet approved Phase II of MEDISEP, raising the insurance coverage from ₹3 lakh to ₹5 lakh annually. The scheme now covers over 2,100 procedures including major surgeries, offering enhanced medical benefits to government employees and pensioners.
Private hospitals across Haryana have stopped Ayushman Bharat services over ₹500 crore unpaid dues, leaving lakhs of low-income patients without access to cashless care. The state promises relief, but uncertainty remains.
Tamil Nadu’s new gig worker welfare drive offers a ₹20,000 e-scooter subsidy and accident insurance up to ₹5 lakh, aiming to boost mobility, safety, and earnings for delivery partners and ride-hail drivers.
IRDAI is expected to revive talks on standard term insurance pricing, especially for covers under ₹1 crore, to ensure more Indians can afford pure protection plans.
With PolicyBazaar losing rural traction post-tariff crisis, smaller digital-first insurers are targeting ₹25K income households using IRDAI’s micro-insurance rules.
After severe flash floods hit parts of Uttarakhand, public and private insurers have activated early response units to handle the expected rise in flood-related claims.