Priya Singh

We are proud to share that HDFC ERGO has continued its collaboration with IIM Bodh Gaya by delivering an industry-led elective course on Health Insurance & Managed Care for the Healthcare Management track. Our subject matter experts designed a curriculum covering crucial areas including the Health Insurance Ecosystem, Underwriting, Claims, Customer Experience, and Brand Strategy. Through interactive sessions and case studies, the course enabled students to gain practical insights into the insurance sector. Supported by our Learning Academy, VidyaaVriksh, this initiative reflects our commitment to equipping future leaders with the knowledge and skills to excel in the evolving healthcare and insurance landscape and to grow together with HDFC ERGO. #HDFCERGO #GeneralInsurance #IIMBodhGaya #GrowTogetherWithHDFCERGO #HealthManagement Sudakshina Bhattacharya, CPCC, PCC | Niraj Naik | Shruti Sethi | Dr.Surya Prakash | Sibesh Sen | Indian Institute of Management Bodh Gaya | IIM Bodh Gaya MBA - Hospital and Healthcare Management | Sumeet Sharda | Dr. Saravana Kumar | Gaurav Paruthi | Ketki Naik | Swapnarag Swain

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Life Insurance Half Year 2025-26 ( Individual Non-single Premium) Data Highlights: LIC's Declining Market Share 11 % premium de-growth and 21 % de-growth of LIC pulled down the whole industry- As compared to last year H1 -22% de-growth of clients acquired by Industry in individual cases is serious concern. LIC Market share is left with only 27% of new Business in Premium though it still captures 63% market share in No of policies, Average premium size is abnormally low. As LIC is not much into term insurance- such trend is not an achievement flaunt about wider coverage among mass but providing incomplete insurance to the loyal client base. Lack of innovation, de-growth of agency force and poor think tank to take corrective measures is concern for the industry. New BUSINESS Retail client count de-growth of #BhartiAxa #Bajajlife #PNBmetlife #RelianceNipponlife #SRLI shows a serious intent issue to drive real growth- Tweaking products & acquisition cost can't be sustainable path. Bigger players like #SBILIFE de-growing in NOP, #ICICIPRU de-growing in premium, #TATAAIA and #AxisMAX doing better in both the aspects New players growing but still not enough to pull up industry Primary Reasons for de-growth of Sept and H1 1) Government's skewed decision to implement GST withdrawal w.e.f future dates 2) Companies having change in nomenclature and ownership could not sustain the demand of the market trend; leadership to be blamed 3) Slowing down of Agency additions, those could do- maintained the positive trend. Corporate sales through Banks could show fault lines now 4) Last fiscal's product guidelines changes and Insurers going too cautious in acts without having any simulations of actuals restricted freedom act 5) A typical mob like push of early income plans by almost all insurers killed the basic concept of Insurance ( Risk) at large. The companies who could innovate- showing the strength & others showing saturations 6) Distribution DNA gradually making Insurance a "untouchable" for normal people- apprehensions of mis-selling, lesser liquidity, low coverage, too much of on-boarding formalities ( Solicitation, PLVC, PIVC... OTP) making people wary of going for Insurance readily. Practically - the data security & privacy part in insurance domain being flouted day in day out officially Expected that some good sense prevails sooner to revive the domain through actual realisation of factors !! Insurance for all by 2047 seems real distant with retail growth going stagnant. #insurance #Growth #IRDAI #GDP #penetration #LICI #Zopper

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In this episode of Expert Says, Mr. Rakesh Jain, CEO of Reliance General Insurance, shares insights on #PMFBY, digital transformation, and building trust with farmers. Learn how India is moving toward Insurance for All by 2047. Watch the full episode: https://lnkd.in/gNeA9cgs #FarmersFirst #ExpertSays #RelianceGeneralInsurance #AgriTech #CropInsurance #PMFBY4Farmers

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HDFC Life and Northern Arc Capital have come together in a strategic partnership that would enable Northern Arc Capital to offer individual as well as group life insurance solutions, by HDFC Life, to its customers. This collaboration would give further impetus to the Indian life insurance industry's collective vision of 'Insurance for All by 2047' by offering financial protection to underserved segments. Together, both partners aim to provide a financial safety net to individuals as well as businesses across the country. Vibha Padalkar Vineet Arora Sameer Yogishwar Anita Peshkar Vikram Vaswani Ashish Mehrotra Atul Tibrewal Priyashis Das Sachin Verma

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📊 Insurance sector in India (FY25) shows strong growth with Life Insurance led by LIC & Private players, while Non-Life is dominated by Private sector. A balanced mix driving India’s insurance future! 💡 #InsuranceIndia #LifeInsurance #NonLifeInsurance #FinancialGrowth

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Jio wants to become more than just a telecom company. It is aiming to break India’s Insurance Monopoly. Here’s how they're doing it - India’s massive Rs. 50,000 crore reinsurance market has a monopoly problem. State-Run General Insurance Company (GIC Re) controls 51% of the market, most other players are branches of foreign giants like Munich Re and Swiss Re, with decision-making based offshore. Enter Reliance’s Jio Financial Services & Germany’s Allianz Group, who’ve announced a 50:50 joint venture to create a new, fully domestic reinsurer. If regulators approve, this could be India’s second homegrown reinsurer, a direct challenger to GIC Re. What’s reinsurance? It’s “insurance for insurers”, protecting them from big, unexpected losses like floods, pandemics, market crashes. Reinsurers stabilise the ecosystem and let insurers price policies more aggressively and process claims faster. India’s insurance pie is only growing. Gross reinsurance premiums could almost double to Rs. 99,000 crore by FY26, with health/general insurance expanding 10% annually. But nearly half this potential profit still leaks overseas to foreign HQs, not Indian balance sheets. Why does this joint venture matter? Because stronger domestic reinsurers mean more money stays in India, local expertise grows, the sector can absorb shocks such as pandemics or natural disasters, and IRDAI’s “Insurance for All by 2047” goal gets closer. But this isn’t a done deal yet.  Approval is pending. Reinsurance talent is scarce (GIC Re & foreign firms dominate the talent pool)  GIC Re and other foreign players might start a price war Jio brings digital scale, but zero reinsurance experience – Allianz might have to take the helm of operations. Could this partnership between Jio and Allianz finally make insurance more accessible and affordable in India? Find out the full implications of this deal on Finshots.

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