Medical inflation, high coverage drive up ticket sizes for retail health insurers

The average ticket size of retail health insurance in India has increased by nearly 48 per cent over 6 years due to elevated medical inflation and increased demand for higher coverage policies......

High-value insurance policies in the slow lane after tax overhaul

High-value insurance policies experienced muted growth in the first six months of the current financial year after the Centre decided to tax such products in this year’s Budget.......

LIC's market share drops to 59% till September from 68.7% in a year

The share of Life Insurance Corporation of India (LIC) in monthly new business premium (NBP) in the life insurance sector declined to 58.50 per cent in September 2023 from 68.25 per cent in......

Standalone health, private multi-line insurance players see more gains

The non-life-insurance industry had moderate growth of 15 per cent year-on-year (Y-o-Y) in August 2023. Illustration: Dominic Xavier/Rediff.com Core retail segments like motor and health continue......