Tag
IRDAI
12 articles
India's insurance sector demonstrates robust growth and profitability, though challenges persist. Several companies, including New India Assurance, Star Health, Canara HSBC Life, and ICICI Lombard, reported strong FY26 results, with notable profit increases and premium growth. While Go Digit reported a significant annual profit, its Q4 underwriting loss highlights ongoing pressures in the sector, partially attributed to new labor code expenses and regulatory scrutiny. These developments suggest continued expansion within the Indian insurance market, but also underscore the need for careful risk management and adaptation to evolving regulatory landscapes.
New India Assurance Q4 PAT Up 61% YoY
New India Assurance reported a 40% YoY rise in FY26 net profit to ₹1,384 crore and a 61% YoY jump in Q4 PAT to ₹558 crore.
Gross Direct Premium grew 10.9% YoY to ₹42,822 crore, outpacing the industry'
New India Assurance Q4 PAT Rises 61% YoY
Board approved audited FY26 results with a 40% YoY rise in net profit and recommended a final dividend of ₹1.50 per share.
Auditors issued a qualified opinion due to unreconciled reinsurance and inter
Max Financial Services IRDAI Approves Axis Max Life Chairman
IRDAI approved Mr. Subrat Mohanty's appointment as Chairman of material subsidiary Axis Max Life Insurance.
The approval is effective from May 8, 2026, for a five-year term as Non-Executive Director.
Go Digit FY26 Claims & Service Performance Transparency
Digit Insurance settled over 1 million claims in FY 2025-26, with 82.9% health cashless approvals cleared within 30 minutes.
Post-policy service requests were resolved instantly or within hours, far e
Star Health FY2026 Net Profit ₹556.98 Crores
Star Health filed audited FY2026 results with net profit of ₹556.98 crores and EPS of ₹9.47, approved by board on April 28, 2026.
Gross premium grew 11.31% YoY to ₹17.37 lakh crores while combined rat
Canara HSBC Life FY26 PAT Up 82% YoY Ex-GST
Canara HSBC Life disclosed its analyst meet presentation for audited FY26 results, showing PAT growth of 82% YoY excluding GST and labor code impacts.
Key metrics include VNB growth of 41% to ₹6,273 m
Canara HSBC Life FY26 Net Profit ₹126.6 Crore
Board approved audited FY26 results with net profit of ₹126.6 crore and recommended final dividend of ₹0.40 per share.
Company issued ₹250 crore subordinated NCDs at 8.15% coupon rate in March 2026 to
Canara HSBC Life Q4 Net Profit ₹347 Crore, Recommends Dividend
Board approved audited FY26 results with net profit of ₹1,266 crore and recommended a final dividend of ₹0.40 per share.
Company reported Q4 net profit of ₹347 crore with solvency ratio at 190% and is
Star Health FY26 Net Profit ₹55,698 Lakh
Board approved audited standalone financial results for quarter and year ended March 31, 2026 with unmodified audit opinion.
FY26 net profit was ₹55,698 lakhs, down 13.8% from ₹64,586 lakhs in FY25, w
Go Digit Q4 FY26 PBT Jumps 49% to ₹173 Crore
Go Digit reported a 49.1% YoY jump in Q4 FY26 IGAAP Profit Before Tax to ₹173 crore and a 68.3% YoY rise in IndAS PBT to ₹239 crore.
Gross Written Premium for FY26 reached ₹11,294 crore, with Assets U
Go Digit Q4 Underwriting Loss Widens to ₹19,974 Lakh
Go Digit's Board approved audited FY26 results, reporting an annual net profit of ₹63,169 lakh, up 48.7% YoY, but a Q4 standalone underwriting loss of ₹19,974 lakh.
The Board appointed Kirtane & Pandi
ICICI Lombard FY2026 Results: PAT Up 10.5%, Dividend ₹13.50/Share
ICICI Lombard reported FY2026 PAT growth of 10.5% to ₹27.72 billion and proposed a final dividend of ₹7.00 per share.
The company achieved strong H2 growth of 15.7% in Gross Direct Premium Income, out