Non-life insurers record 2% premium growth in September, Bajaj Allianz General Insurance leads the way

Non-life insurers record 2% premium growth in September, Bajaj Allianz General Insurance leads the way

The non-life insurance sector in India has reported a modest 1.94% year-on-year growth in gross direct premium to Rs 23,430 crore in September. This growth was driven primarily by an increase in standalone health insurance premiums. The largest general insurer, New...
HDFC Ergo and Tata AIG have joined other insurers in reducing distributor commissions.

HDFC Ergo and Tata AIG have joined other insurers in reducing distributor commissions.

The Indian government has introduced a significant change in the Goods and Services Tax (GST) on individual health and life insurance premiums, reducing it from 18% to 0% effective September 22, 2025. However, this change also means that insurance companies can no...