by Team Small News | Dec 30, 2025 | Aditya Birla, Care, ICICI Lombard, Insurance, LIC, New India Assurance, Niva Bupa, Tata AIA, United India Insurance
The insurance industry in India is facing a significant issue related to the Goods and Services Tax (GST) and Input Tax Credit (ITC). Private insurers have reduced distributor payouts by 15-18% to offset the loss of ITC, following the GST exemption on life and health... by Team Small News | Dec 29, 2025 | ICICI Lombard, Insurance
Two individuals, Sartaj and Deepak Thakur, were arrested in Ghaziabad for their involvement in a massive insurance scam that deceived over 25,000 people across India, including 128 victims from the city, over the past year. The scam, which has a financial impact of...
by Team Small News | Dec 25, 2025 | Bajaj Allianz Life Insurance, ICICI Lombard, Insurance, Kotak Life, Tata AIA, United India Insurance
CRED, a fintech platform, has expanded its selection of motor insurers on CRED garage to include Bajaj Allianz General Insurance, Tata AIG, and United India Insurance. This addition brings the total number of curated insurance providers on the platform to seven,... by Team Small News | Dec 25, 2025 | Bajaj Allianz Life Insurance, ICICI Lombard, Insurance
A massive insurance fraud racket has been uncovered in Ghaziabad, India, with over 25,000 people falling victim to the scam. The fraud, which involves vehicle insurance, has a financial impact of more than Rs 50 crore (approximately Rs 80 crore) in Ghaziabad alone,...
by Team Small News | Dec 5, 2025 | Bajaj Allianz Life Insurance, HDFC ERGO, ICICI Lombard, Insurance, New India Assurance, Niva Bupa, Star Health and Allied Insurance, United India Insurance
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...
by Team Small News | Nov 29, 2025 | Bajaj Allianz Life Insurance, HDFC ERGO, ICICI Lombard, Insurance, New India Assurance, United India Insurance
The Indian general insurance industry has witnessed a mixed performance in terms of premium growth, with some insurers reporting significant increases while others saw declines. New India Assurance, the largest general insurer, led the pack with a 10.6% year-over-year...