"Policy sales will be one of the focus areas for the company because looking at the large insurance gap, large number of people being uncovered. The only right way to go is to increase the number of policies," said Amit Jhingran, MD & CEO, SBI Life Insurance.
SBI General Insurance aims to achieve a 10 per cent market share among private and standalone health insurers within approximately five years, up from its current 7.17 per cent, said Naveen Chandra Jha, managing director and chief executive officer, SBI General Insurance.
'LIC will reduce but not fully exit its stake in IDBI Bank, which remains an important bancassurance partner,' says LIC of India' MD and CEO R Doraiswamy.
Following Axis Max Life Insurance's second-quarter results for 2025-26, Sumit Madan, managing director and chief executive officer of the company, speaks to Aathira Varier and Subrata Panda/Business Standard about growth aspirations, strategies to offset the impact of the input tax credit (ITC) withdrawal, reverse merger plans, and more.
'This will be our first large-size bank partner, and hence, the partnership will be a game-changer for us.'
'$125 million for the hull and the remaining of over $350 million for liability.'
'The retail industry is still growing in double digits.'
'Our new business premium is around Rs 700 crore, which we want to take to Rs 2,000 crore.'
'I now see rates rising again, particularly after recent losses - especially the January wildfires in Los Angeles.'
In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
'However, this process will take some time. Depending on the approval timeline, it may span a few quarters.'
'Earlier, our cost of funds was higher than most in the peer group.'
'Health and motor insurance will continue to be our two most important segments'
'There is more expansion in the industry happening in retail lines, so we will continue to focus on those lines.'
'Margins will be an outcome of that. They will likely remain somewhat range-bound.'
'It is difficult to write business internationally, without an 'A-' rating. It becomes more expensive.'
'We do not believe in fire sale. We don't do it.'
'We want to play the value game for our consumers, which is health and retail will grow faster for us than the group.'
'Currently, our individual first premium would be in the Rs 3,000-Rs 3,200 crore range. We want to take that to about Rs 6,000 crore in three years.'
'Private General insurers are poised to grow at 17 per cent - 18 per cent over the next 5 to 7 years and we will grow faster.'
