SBI General Health Alpha brings a thoughtful twist to festive gifting with flexible health insurance options tailored to loved ones’ protection needs

Designed around the philosophy of Your Health. Your Cover. Your Way, SBI General Health Alpha offers over 40 coverage options, allowing customers to customise their health insurance plans based on their lifestyle, healthcare priorities and protection needs. Customers can consider gifting individual health insurance protection to eligible relationships, including a legally married spouse, children, parents, brothers, sisters, parents-in-law, nephews, nieces and other relatives having an insurable interest, subject to the product’s eligibility criteria and policy terms and conditions. With sum insured options ranging from Rs. 5 lakh to unlimited, the product brings together flexibility and a range of innovative benefits to help customers choose coverage that suits their loved ones’ needs.

Key features of SBI General Health Alpha include:

• Up to 10x Cumulative Bonus: An optional add-on that provides up to 10 times the cumulative bonus for each claim-free policy year, helping customers build their coverage over time.

• Endless Sum Insured: A once-in-a-lifetime benefit that covers eligible hospitalisation expenses for a single claim beyond the base sum insured, subject to policy terms and conditions. This benefit is available only when a sum insured of ₹10 lakh or above is selected.

• Gym and Sports Injury Cover: An optional add-on offering outpatient department (OPD) benefits for specified injuries sustained during hobby sports or daily fitness activities, including specialist consultations, diagnostic tests, prescribed medicines and physical therapy, subject to applicable conditions.   Eligible individuals can purchase this cover up to 55 years of age

• Plan Ahead: A benefit that allows eligible policyholders to extend waiting-period continuity to a spouse aged up to 35 years and/or up to two newborn children, provided they are enrolled within the stipulated timelines and subject to policy terms.

• Five-year policy tenure: Customers can opt for a long-term policy of up to five years, with applicable tenure-based discounts, helping them plan for their healthcare protection over an extended period.

• Welcome Discount: Eligible new customers can avail 5% welcome discount when the policy is purchased within five days of receiving the quote, subject to applicable terms and conditions.

With customisable coverage, optional benefits and flexible limits, SBI General Health Alpha enables customers to tailor their health insurance plans to their healthcare needs and financial priorities.

Speaking on the festive season proposition, Mr. Mohd. Arif Khan, Deputy Chief Executive Officer, SBI General Insurance, said, “Festivals are a celebration of relationships and the care we share with our loved ones. While gifting is an integral part of these celebrations, one of the most meaningful gestures we can make is to help protect the health and financial well-being of the people who matter to us. With SBI General Health Alpha, we aim to make health insurance more personalised and accessible, empowering customers to choose protection that suits their needs and lifestyle. We encourage families to make health and well-being a priority this festive season and consider the gift of protection as a lasting expression of care.”

With SBI General Health Alpha, the company continues to strengthen its focus on customer-centric health insurance solutions that combine flexibility, innovation and comprehensive protection. This festive season, customers can look beyond conventional presents and consider gifting individual health insurance protection to eligible loved ones, making health, financial preparedness and peace of mind an integral part of their celebrations.

About SBI General Insurance

SBI General Insurance, one of the fastest-growing private general insurance firms, backed by the robust support of SBI, upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence in 182 branches. In FY 2025-26, SBI General Insurance reported a Gross Direct Premium (GDP) of INR 15,904 crores, recording a YOY growth of 14.5%.

The company received numerous prestigious accolades, showcasing its excellence across various domains. Key honors include winning the Domestic General Insurer of the Year – India and Claims Initiative of the Year – India at the Insurance Asia Awards 2025 in Singapore, Smart Insurer for the year 2025 at the ETNOW Insurance Summit & Awards 2025, India’s Leading General Insurance Company (Mid) for its outstanding performance at the 18th edition of the Dun & Bradstreet BFSI & Fintech Summit 2026 and Best General Insurance Company of the Year at 4th Edition of Future of Insurance Summit 2025.

Certified as a Great Place to Work in 2025, the company also excelled at 8th ICC Social Impact Award 2026 for its commitment to CSR Activities in Project Mission for Vision in Meghalaya, and "ET NOW Champions of CSR" at the ET Edge ET NOW Champions of CSR 2025.

With a team of over 9,900+ employees and our multi-distribution model covering Bancassurance, Agency, OEM, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network that includes over 23000+ SBI branches, plus agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.

Widely regarded as the global authority on workplace culture, Great Place To Work® has been setting the global benchmark for high-trust workplaces across more than 170 countries. Its rankings are built on confidential employee feedback through the Trust Index™ Survey, making this recognition even more meaningful because it reflects the lived experiences of women employees and provides an authentic measure of workplace culture. 
 

For Pramerica Life Insurance, this recognition builds on a culture journey that has strengthened steadily over the years. The company has now been Great Place To Work® Certified™ for four consecutive years, with its Trust Index™ score improving progressively throughout these years. During this period, Pramerica Life has also advanced from the being among the Top 50 to Top 25 in India’s Best Workplaces™ in BFSI 2026, secured the 72nd rank among India's Best Companies To Work For 2026, and been recognised among India's Best Workplaces™ in Life Insurance 2026.
 

The company's progress is also reflected in the growing representation of women across the organisation. Women's representation in the overall workforce has increased from 21% in 2022 to 30% in 2026, while women now represent 17% of leadership at the Vice President level and above, up from 12% in 2022. 
 

A dedicated initiative, SheShines, sits at the centre of this progress. It offers wellness support, expert-led sessions on personal and professional themes, and structured opportunities for dialogue and learning, alongside creative and therapeutic activities and programmes focused on women's health, mental well-being and personal growth. The initiative reflects Pramerica Life's broader culture philosophy, centred on listening, well-being, growth, safety and belonging, designed to give women employees the support and opportunities to thrive across different stages of their careers.
 

The company further strengthens its support for employees through 182 days of fully paid maternity leave, paid adoption leave and structured reintegration support, helping make the transition back to work more seamless. It also places strong emphasis on safety and dignity through its POSH policy, confidential grievance mechanisms and safe cab facilities for employees travelling late. Underpinned by a zero-tolerance approach to disrespect and misconduct, these measures help foster a workplace where every employee feels secure, respected and empowered to learn, grow and realise their full potential.
 

Broader people and culture initiatives support this direction too. Platforms such as Aap Ki Awaaz, CEO town halls and regular leadership communication promote openness and active listening, while engagement programmes like Swasthum and SPARKLE build connection and well-being. Career development, mentoring and recognition programmes give employees the room to build capabilities and pursue growth. 
 

Pankaj Gupta, Managing Director & CEO, Pramerica Life Insurance, said, "For an insurer, trust holds immense importance. It's the basis on which customers choose us to secure the future of the people they love. It's equally important to us that our employees place that same trust in us, in how we treat them, support them and help them grow. It's a matter of pride that our efforts on this front are being validated consistently, by our own employees, earning us recognition year after year from a platform as credible as Great Place To Work®. We will continue building a workplace our people can place their trust in, just as our customers place theirs in us."
 

Sharad K. Sharma, Chief Human Resources Officer, Pramerica Life Insurance, added, "We believe employees who feel supported, heard and valued bring their best to work every day, and are far more likely to grow with an organisation for the long term. That belief has shaped several of our decisions and initiatives, from health and well-being support to safety, flexibility and growth opportunities, all built around what our people genuinely need. This recognition is a welcome validation of that direction and we are proud of it. We remain committed to continuing this journey by creating opportunities that enable our people to thrive and contribute with confidence."
 

This recognition reinforces Pramerica Life Insurance's belief that an inclusive and high-trust workplace is fundamental to building a stronger organisation and delivering long-term value for customers and stakeholders. 

About Pramerica Life Insurance Limited

Pramerica Life Insurance Limited is a joint venture between DIL, a wholly owned subsidiary of Piramal Finance Limited (erstwhile Piramal Capital and Housing Finance Limited) and Prudential International Insurance Holdings, Ltd. (PIIH), a fully owned subsidiary of Prudential Financial, Inc. (PFI). It represents the coming together of two renowned financial services organizations with a legacy of business excellence spread over decades. Pramerica Life Insurance Limited, started operations in India on September 1, 2008 and has a pan India presence through multiple distribution channels which have been customized to address the specific insurance needs of diverse customer segments. The Company is committed to providing protection and quality financial advice to its customers. Pramerica is the brand name used in India and select countries by PFI.

For more details, please visit www.pramericalife.in.

About Piramal Finance Limited

Piramal Finance Limited is a retail-led upper-layer NBFC with a pan-India presence, having served over 5 million customers across 26 states. The company manages Assets under Management (AUM) of over ₹1,00,000 Cr and operates a distinctive phygital model - combining high-touch engagement across 13,000+ pin codes with high-tech capabilities including machine learning models, agentic AI tools and real-time dashboards. In retail lending, Piramal Finance offers home loans, loans against property, used car loans, personal loans, digital loans and small business loans, with a strong focus on metro-adjacent, semi-urban and rural markets. In wholesale lending, the company provides asset-backed, data-driven solutions across real estate and select non-real estate sectors, with a focus on mid-segment residential projects and capital solutions for mid-market corporates. With its digital-first approach and AI-enabled platforms, Piramal Finance is committed to expanding access to affordable credit and driving inclusive growth across India.

For more information visit piramalfinance.com.

About Prudential Financial

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of June 30, 2026, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential’s iconic Rock symbol has stood for strength, stability, expertise, and innovation for over 150 years.

For more information, please visit news.prudential.com.

Asit Rath, CEO & MD, Aviva Life Insurance, Krishnan R, Director & CEO, Wizzmoni Financial Services Ltd, Amir Nagammy, Founder & CEO, Wizz Financial

Under the partnership, Aviva Life Insurance proposes to make available a range of insurance solutions, including Aviva Signature 3D Term Plan, Aviva 3D Term Plan – Platinum, Aviva Smart Vital, and Group Credit Life products. By combining Aviva’s life insurance expertise with Wizz Financial’s distribution network, the partnership aims to make relevant insurance solutions more accessible to customers.

The partnership will initially focus on customers accessing gold-backed credit through Wizz Financial’s ecosystem, providing customers with access to suitable insurance solutions during their borrowing journey, subject to their choice and consent. Over time, the offering will also extend to customers accessing other financial and travel-related products, including forex, enabling customers to explore appropriate insurance solutions at different stages of their financial journeys.

Commenting on the partnership, Asit Rath, CEO & MD, Aviva Life Insurance, said, “For insurance to become more relevant, it needs to be present in the moments when people are actively making decisions about their financial future. A customer taking a loan is not simply accessing credit; they are taking on a responsibility that can have implications for their family as well. This partnership allows us to bring protection closer to that moment of decision. As an industry, the opportunity is to move insurance from being a standalone purchase to a more natural part of everyday financial planning. By working with Wizz Financial, we aim to make protection easier to access, understand, and consider as part of customers’ existing financial journeys.”

Amir Nagammy, Founder & CEO of Wizz Financial, said, “At Wizz Holidays, our focus is on making every customer journey more seamless and worry-free. Our collaboration with Aviva Life Insurance is a natural extension of that commitment, helping customers in India access trusted life insurance solutions more easily. By combining Wizzmoni’s reach with Aviva’s insurance expertise, we aim to support families in protecting what matters most at every stage of life.”

The partnership further strengthens Aviva Life Insurance’s focus on expanding access to insurance solutions in line with evolving customer needs. Alongside financial protection, Aviva continues to encourage individuals and families to build greater financial preparedness and adopt positive and preventive approaches to overall well-being. Furthering this commitment, Aviva Life Insurance recently launched its Term Insurance Plan with Return of Premiums, designed for customers seeking life protection along with the return of total premiums paid upon survival till maturity.

About Aviva Life Insurance

Aviva Life Insurance Company India Limited is a wholly owned (100%) subsidiary of UK-based Aviva International Holdings Ltd. (AIH), an insurance group backed by a rich heritage that dates back to 1696.

Committed to moving the needle from protection to prevention, Aviva Life Insurance helps customers build healthier habits while securing their financial future. Through its range of Term Insurance, Savings, ULIP, and Retirement Solutions, complemented by wellness-led offerings and customer-centric initiatives, Aviva Life Insurance helps customers protect what matters most and plan confidently for the future.

Website: www.avivaindia.com.

About Wizz Financial

Wizz Financial is a neo-banking platform focused on cross-border money movement and lending across strategic economic corridors spanning India, the GCC, Southeast Asia and the United States. Combining digital infrastructure with physical service networks, the Group delivers financial services across multiple markets through a hybrid operating model.

Health Alpha offers holistic, flexible health cover designed to evolve with India’s young, growing families and their changing healthcare priorities

As lifestyles and life circumstances change, the nature of health risks and the protection customers seek can change as well. For a younger individual, health protection may need to account for an active lifestyle and fitness-related needs; as customers enter family-building years, maternity and family-planning needs may become more relevant; while with age, the focus may increasingly shift towards preventive healthcare, specialized treatment and protection against critical illnesses. This changing pattern of healthcare needs is creating greater relevance for health insurance solutions that can offer protection across different life stages and adapt to the priorities of customers over time.

Against this backdrop, SBI General Insurance’s Health Alpha brings together comprehensive health protection under one product, reflecting the changing healthcare needs of today’s customers. Designed to adapt to different life stages and priorities, the product combines a range of benefits that go beyond conventional hospitalization-led coverage, offering customers a more holistic approach to health protection.

Key Health Alpha features include:

• Assisted Reproduction Treatment & Maternity and New Baby Care: Recognising the evolving healthcare and family-planning needs of customers, Health Alpha includes Assisted Reproduction Treatment, particularly relevant to the 26–30 age group, along with Maternity & New Baby Care expenses, addressing healthcare needs particularly relevant to customers in the 30–45 age group. 

• Preventive Health Check-up & e-Opinion: As customers become more conscious of managing their health proactively, preventive healthcare is becoming relevant across life stages from younger adults looking to establish healthier habits to older customers seeking to monitor and manage evolving health risks. Health Alpha includes Preventive Health Check-up and e-Opinion benefits, supporting customers in taking a more proactive approach to their health and making informed healthcare decisions.

• Adventure Sports, Gym & Sports Injury Cover: Designed to support customers aged 25 years and above with active lifestyles, particularly those in their working years, this benefit extends protection to hobby sports and daily fitness activities. It covers common sports and fitness-related injuries such as fractures, stress fractures, sprained ankles, shin splints, muscle pulls/groin pulls and sprains. The cover also supports associated healthcare expenses, including specialist consultations, diagnostics, medicines and physiotherapy.

• Global Cover & Critical Illness: Health Alpha provides broader protection through Global Cover, supporting eligible healthcare requirements beyond India. Particularly relevant for working professionals aged 30–50 who travel internationally for work or other commitments, the benefit extends eligible healthcare protection overseas. The product also includes Critical Illness protection, addressing significant health risks that become increasingly relevant with age, particularly for customers aged 50 and above.

• Unlimited Sum Insured Reinstatement & 10X Cumulative Bonus: Designed for long-term protection across life stages, Health Alpha offers unlimited restoration of the base sum insured after the first admissible claim. Customers can also build their health cover over time with a cumulative bonus of up to 10 times the base sum insured for every claim-free year.

• Customisable Health Protection & Plan Ahead Benefit: For customers aged 25 years and above, as they begin taking on greater financial and personal responsibilities, the need for health protection can evolve over time. Health Alpha offers flexible coverage aligned to individual needs and life stages. Through the Plan Ahead Benefit, eligible new policyholders can upgrade to a higher sum insured at key milestones without fresh medical underwriting, allowing their coverage to grow with their changing healthcare needs.

The future of health insurance will be shaped by its ability to evolve alongside the people it serves. As India's health priorities shift towards prevention, wellness and personalised care, insurers have an opportunity to redefine their role from being financial risk protectors to long-term health partners. Through Health Alpha, SBI General Insurance continues to advance this vision by developing customer-centric solutions that reflect the changing realities of healthcare and the aspirations of a more health-conscious India. 

About SBI General Insurance

SBI General Insurance, one of the fastest-growing private general insurance firms, backed by the robust support of SBI, upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence in 182 branches. In FY 2025-26, SBI General Insurance reported a Gross Direct Premium (GDP) of INR 15,904 crores, recording a YOY growth of 14.5%.

The company received numerous prestigious accolades, showcasing its excellence across various domains. Key honors include winning the Domestic General Insurer of the Year – India and Claims Initiative of the Year – India at the Insurance Asia Awards 2025 in Singapore, Smart Insurer for the year 2025 at the ETNOW Insurance Summit & Awards 2025, India’s Leading General Insurance Company (Mid) for its outstanding performance at the 18th edition of the Dun & Bradstreet BFSI & Fintech Summit 2026 and Best General Insurance Company of the Year at 4th Edition of Future of Insurance Summit 2025.

Certified as a Great Place to Work in 2025, the company also excelled at 8th ICC Social Impact Award 2026 for its commitment to CSR Activities in Project Mission for Vision in Meghalaya, and "ET NOW Champions of CSR" at the ET Edge ET NOW Champions of CSR 2025.

With a team of over 9,900+ employees and our multi-distribution model covering Bancassurance, Agency, OEM, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network that includes over 23000+ SBI branches, plus agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.

Universal Sompo General Insurance
 

Cardiac care in India is increasingly extending beyond the country’s metropolitan centres, with nearly seven in ten cardiac claims received by Universal Sompo General Insurance originating from non-metro locations. The insurer’s claims experience highlights the changing geography of cardiac healthcare, with Tier 2 and Tier 3 cities accounting for a growing share of cardiac-related hospitalisations.
 

The trend reflects the growing need to view cardiac care beyond the traditional metro-centric lens. Improved access to diagnostic facilities, greater availability of specialised treatment, rising health awareness and increasing healthcare utilisation in smaller cities may be contributing to more cardiac conditions being diagnosed and treated outside major urban centres.
 

The insurer’s claims experience also highlights that cardiac conditions can involve ongoing treatment and healthcare expenditure. Conditions such as rhythm disorders, coronary artery disease and congenital heart diseases may require regular monitoring, medication and, in some cases, repeated medical intervention. This makes timely diagnosis and appropriate long-term disease management important aspects of cardiac care.
 

Cardiac treatment can carry significant financial implications

While access to specialised cardiac care is expanding, the financial implications of treatment can remain significant for households. Indicative treatment costs can range from approximately Rs. 1-2.5 lakh for coronary angiography and medical management and Rs. 2.5-4 lakh for coronary angioplasty, to Rs. 4.5-6.5 lakh for bypass surgery and Rs. 12-16 lakh for aortic valve replacement. Actual treatment costs can vary depending on factors such as the hospital, location, complexity of the procedure and individual clinical requirements.
 

For families, an unexpected cardiac event can therefore have both health and financial implications. Adequate health insurance can provide financial support against eligible hospitalisation expenses, helping individuals and families access appropriate treatment without having to bear the entire cost of a major medical event themselves.
 

Varsha Gujarathi, Chief Customer Officer, Universal Sompo General Insurance, said, “We are seeing cardiac care needs increasingly emerge from smaller cities and towns, reflecting the changing healthcare landscape in India. While improved access to diagnosis and specialised treatment is encouraging, it also reinforces the need to focus on prevention, regular health screening and early intervention. Equally important is financial preparedness. Adequate health insurance coverage can help families manage the financial impact of a serious cardiac event and focus on recovery without the added burden of unexpected medical expenses.”

About Universal Sompo General Insurance
Universal Sompo is a joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and a global insurer SOMPO. The company is headquartered in Mumbai and has 132 offices nationwide, with representation through its digitally enabled employees across over 300 cities. It has a strong distribution network of agents, point of salespersons, bank branches, automobile dealers, brokers, common service centres, and digital platforms/e-commerce players. The Company offers a diverse and comprehensive portfolio comprising 183 products and 2,127 add-on covers, serving customers across retail, SME, and corporate segments through solutions spanning motor, health, property, marine, engineering, liability, employee benefits, and other specialized insurance lines of business.

Pramerica Life Insurance Launches ‘Poorna Rakshak’

Poorna Rakshak has been developed around the understanding that customers have different financial and protection needs at different stages of life. A young parent may prioritise planning for a child's education and future milestones, while another customer may be looking for an additional source of income in the near term. Designed as an all-encompassing solution, Poorna Rakshak is built to address the varied needs of a wide range of customer cohorts, with the flexibility to align with their individual life stages, financial goals and aspirations. Customers can choose the option that best suits their unique circumstances, making the product relevant across different phases of life and for diverse financial priorities. 

Poorna Rakshak addresses these varying priorities through five benefit structures, each designed around a different customer need:

• Smart Scholars is designed around a child's future milestones, with income beginning at age 16-18 and continuing through key milestone years of 20–25, along with a guaranteed lumpsum benefit at the end. 

• Early Income is designed for customers seeking regular income from the early years of the policy, with income beginning from the 2nd, 3rd or 4th policy year. 

• Income Booster combines an upfront liquidity benefit with regular future income, offering cashback of 25% or 35% of Annualised Premium within 10 days of realisation of the first premium post issuance. 

• Smart Money Back provides guaranteed income at five-year intervals, with each successive payout doubling the previous payout. 

• Smart Saver provides structured income from the 6th year through the 10th year, along with a maturity benefit

Across all five variants, Poorna Rakshak offers life cover throughout the policy term along with guaranteed benefits under the selected variant, subject to the policy remaining in force and applicable terms and conditions. The choice of benefit structures enables customers to align the timing of their payouts more closely with anticipated financial requirements and milestones. Tax benefits are also available as applicable under prevailing tax laws.

Pankaj Gupta, MD & CEO, Pramerica Life Insurance, said, “Financial planning becomes more meaningful when it reflects how people actually live - their responsibilities, aspirations and the milestones they are preparing for. With Poorna Rakshak, we wanted to give customers the ability to choose a structure that fits their priorities, while retaining the certainty of guaranteed benefits and the security of life protection. It also strengthens our guaranteed product portfolio, an area that has been an important part of our product philosophy over the years.”

Karthik Chakrapani, Chief Business Officer, Pramerica Life Insurance, said, “One thing we consistently see in customer and distributor conversations is that savings needs are becoming increasingly specific. Customers are asking not only about returns or maturity benefits, but also about when benefits begin, how frequently they are received and whether the structure fits a particular goal. Poorna Rakshak has been built to respond to these more nuanced conversations through five clearly differentiated payout options. Ultimately, it is about making savings solutions more relevant to the way customers plan their lives.”

With Poorna Rakshak, Pramerica Life further strengthens its guaranteed savings portfolio by bringing together choice, predictability and life protection, while enabling customers to select a benefit structure aligned with their individual financial requirements and life-stage milestones.

About Pramerica Life Insurance Limited
Pramerica Life Insurance Limited is a joint venture between DIL, a wholly owned subsidiary of Piramal Finance Limited (erstwhile Piramal Capital and Housing Finance Limited) and Prudential International Insurance Holdings, Ltd. (PIIH), a fully owned subsidiary of Prudential Financial, Inc. (PFI). It represents the coming together of two renowned financial services organizations with a legacy of business excellence spread over decades. Pramerica Life Insurance Limited, started operations in India on September 1, 2008 and has a pan India presence through multiple distribution channels which have been customized to address the specific insurance needs of diverse customer segments. The Company is committed to providing protection and quality financial advice to its customers. Pramerica is the brand name used in India and select countries by PFI. For more details, please visit www.pramericalife.in
 

About Piramal Finance Limited
Piramal Finance Limited is a retail-led upper-layer NBFC with a pan-India presence, having served over 5 million customers across 26 states. The company manages Assets under Management (AUM) of over Rs. 1,00,000 Cr and operates a distinctive phygital model - combining high-touch engagement across 13,000+ pin codes with high-tech capabilities including machine learning models, agentic AI tools and real-time dashboards. In retail lending, Piramal Finance offers home loans, loans against property, used car loans, personal loans, digital loans and small business loans, with a strong focus on metro-adjacent, semi-urban and rural markets. In wholesale lending, the company provides asset-backed, data-driven solutions across real estate and select non-real estate sectors, with a focus on mid-segment residential projects and capital solutions for mid-market corporates.  With its digital-first approach and AI-enabled platforms, Piramal Finance is committed to expanding access to affordable credit and driving inclusive growth across India. For more information visit: piramalfinance.com
 

About Prudential Financial, Inc.
Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately USD 1.4 trillion in assets under management as of December 31, 2022, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better by creating financial opportunities for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years. For more information, please visit news.prudential.com

Aviva Life Insurance

As customers increasingly look for financial solutions that address both protection needs and long-term financial planning, the proposition brings together the core benefit of term insurance with a defined return at the end of the policy term. The plan provides life cover during the policy term and, on survival to the end of the policy term, provides for a return of Total premiums paid, subject to the terms and conditions of the policy.

The proposition offers customers the flexibility to choose a policy term ranging from 10 to 30 years and life cover ranging from Rs. 5 lakh to Rs. 50 lakh, subject to eligibility criteria and policy terms and conditions. Customers can enter the plan between 18 and 60 years of age, with a maximum age at maturity of 75 years.

Customers can also enhance their protection through optional riders covering accidental casualty and critical illnesses. The plan further offers flexibility in premium payment frequency and the option to purchase the policy under the Married Women’s Property Act (MWPA) to help safeguard policy benefits for the spouse and/or children. 

Key Features of Term Insurance with Return of Premium (TROP):

• Premium Return: Receive Total premiums paid back at maturity, subject to policy terms and conditions

• Flexible Policy Term: Choose a policy term ranging from 10 to 30 years based on individual protection needs

• Enhanced Protection: Option to enhance protection through available accidental casualty and critical illness riders

• Flexible Premium Payments: Choose from monthly, quarterly, half-yearly, or yearly premium payment frequencies

• MWPA Option: Option to safeguard policy benefits for the spouse and/or children under the Married Women’s Property Act

• Policy Loan: Avail a loan of up to 80% of the surrender value, subject to policy terms

• Tax Benefits: Tax benefits as per prevailing tax laws

Commenting on the launch, Mr. Asit Rath, CEO & MD, Aviva Life Insurance, said, “Customers today are looking for insurance (protection) solutions that provide meaningful financial security while offering greater clarity on the benefits available over the policy term. With our Term Insurance with Return of Premium proposition, we are bringing together life protection and a defined return of applicable premiums. At Aviva Life Insurance, our approach goes beyond protection to support the overall well-being of our customers by encouraging healthier lifestyles, positive habits, and greater preparedness for the future. Through relevant, customer-centric solutions, we aim to help individuals and families lead healthier, more secure, and better-prepared lives with confidence.”

Mr. Rajat Srivastava, Chief Distribution Officer, Aviva Life Insurance, said, “At Aviva Life Insurance, our distribution focus is on reaching a wider set of customers with protection solutions that are relevant to their evolving needs and financial priorities. Term Insurance with Return of Premium strengthens our protection portfolio and gives our distribution teams another proposition to engage customers across different life stages, while helping families build greater long-term financial security. As we continue to strengthen our reach and deepen customer engagement across channels and markets, we remain committed to supporting the broader industry vision of ‘Insurance for All by 2047’.”

The launch further strengthens Aviva Life Insurance’s focus on evolving its protection portfolio in line with changing customer needs. Alongside financial protection, Aviva Life Insurance continues to encourage individuals and families to build greater financial preparedness and adopt positive and preventive approaches to overall well-being.
 

About Aviva Life Insurance
Aviva Life Insurance Company India Limited is a wholly owned (100%) subsidiary of UK-based Aviva International Holdings Ltd. (AIH), an insurance group backed by a rich heritage that dates back to 1696.

Committed to moving the needle from protection to prevention, Aviva Life Insurance helps customers build healthier habits while securing their financial future. Through its range of Term Insurance, Savings, ULIP and Retirement Solutions, complemented by wellness-led offerings and customer-centric initiatives, Aviva Life Insurance helps customers protect what matters most and plan confidently for the future.

Website: www.avivaindia.com

Ageas Federal Life Insurance, one of India’s leading and fastest-growing private life insurers, today announced the launch of its flagship term insurance product, Super Protect Plus Plan, on Policybazaar, India’s largest online insurance platform, introducing a focused term insurance offering exclusively for salaried and self-employed customers. The launch strengthens the company’s digital distribution presence while making life insurance more accessible through a simple and convenient online buying journey.

The plan combines life protection with a range of customer benefits. Eligible customers can avail of a 12% discount on the first-year premium, a Lowest Price Guarantee, and complimentary health management services worth up to Rs 53,000 annually. The plan also comes with inbuilt Terminal Illness cover and a 99.82% Claim Settlement Ratio. It further offers 0% GST on term insurance, as applicable under prevailing tax regulations.

The launch is part of Ageas Federal Life Insurance’s broader focus on strengthening its digital distribution capabilities and expanding its online reach. Through its partnership with Policybazaar, the company is leveraging the platform’s extensive digital reach and high-intent customer base to connect with customers actively looking for insurance solutions online.

The partnership enables customers to discover, compare and purchase insurance products through a digital-first experience, while providing Ageas Federal Life Insurance with an opportunity to engage customers at the consideration stage of their purchase journey. It also supports the company’s efforts to strengthen digital conversions, expand its online distribution footprint and build a scalable, future-ready digital distribution channel aligned with evolving customer expectations.

The launch also brings Ageas Federal Life Insurance’s brand philosophy, ‘Promises Made Possible’, into its digital term insurance proposition, reflecting the company’s focus on making life insurance more accessible and convenient for customers.

About Ageas Federal Life Insurance

Ageas Federal Life Insurance, one of India’s leading private life insurers, offers a diverse range of wealth management, protection, and retirement solutions to individual and corporate customers. Ageas Federal Life Insurance Co. Ltd. is a joint venture of Ageas, a multinational insurance group headquartered in Europe, and Federal Bank, one of India’s leading private sector banks.

Having commenced operations in 2008, Ageas Federal achieved breakeven within five years. Through a nationwide network of 3,770+ branches including partner bank branches and a sizeable advisor network, the Company has established a strong pan-India presence. As of March 31, 2025, the Company has issued over 19.71 lakh policies with a sum assured of over Rs 27,558 crore, total assets under management of over Rs 18,956 crore, and a robust capital base of over Rs 800 crore.

Understanding outpatient benefits can help you assess what your policy provides beyond hospital treatment. Outpatient Department (OPD) refers to medical care received without hospitalisation. An OPD cover in health insurance can help cover eligible outpatient expenses.
 

OPD Cover in Health Insurance: Understanding What Your Policy Covers
 

Let’s understand its benefits, coverage, and claims process before choosing a suitable plan.

What is an OPD Cover in Health Insurance?

OPD care refers to medical treatment received without being admitted to a hospital. OPD cover in health insurance is a benefit that can help pay eligible expenses incurred during visits to doctors, clinics, or other healthcare providers.
 

For instance, a consultation for viral fever, a prescribed diagnostic test, or medicines may qualify under an eligible OPD benefit. Some insurers include this feature within their health plans, while others offer it as an add-on. The coverage limit, exclusions, waiting periods, and claim conditions depend on the policy.

What are the Benefits and Features of OPD Cover?

Regular outpatient expenses can add up over time, making this benefit relevant for specific healthcare needs.

No 24-hour Hospitalisation Requirement

Eligible outpatient expenses can be claimed without requiring an overnight hospital stay. This makes the benefit relevant for minor treatments, consultations, and investigations that do not involve hospital admission.
 

Pharmacy and Diagnostic Support
Some plans cover prescribed medicines and diagnostic tests under their outpatient benefits. Depending on the policy, this may include blood tests, X-rays, scans, and other eligible investigations, subject to applicable limits.
 

Support for Preventive Healthcare
Coverage for eligible consultations and health check-ups can support regular healthcare visits. OPD cover in health insurance may make routine appointments easier to manage by providing financial support for eligible outpatient expenses.
 

Benefits May Be Available From Day One
Certain plans provide eligible outpatient benefits from the beginning of the policy. However, waiting periods and other eligibility conditions vary between insurers, so the policy wording should be checked carefully.
 

Cashless and Reimbursement Options
Eligible expenses may be settled through cashless facilities at network providers or through reimbursement. The availability of either option depends on the insurer, healthcare provider, and policy terms.

What is Covered Under OPD Health Insurance Plans?

The scope of OPD cover in health insurance can vary by policy. Here are the common outpatient expenses you may find covered.

What may not be Covered Under OPD Insurance?

Policies can have exclusions that affect claim eligibility. Non-prescribed medicines, expenses above the permitted OPD limit and excluded treatments may not qualify for reimbursement.
 

Cosmetic procedures and other expenses outside the policy's medical coverage may also be excluded. Always review the policy wording to understand what OPD cover in health insurance actually includes before incurring an expense.

Which Documents are Required for OPD Reimbursement Claims?

Having the right documents can help support your reimbursement request. The following records are commonly required when submitting an OPD claim.

Why is OPD Cover in Health Insurance Worth it?

OPD cover in health insurance can be useful when routine medical expenses form a regular part of your healthcare spending.
 

Helps Manage Frequent Medical Expenses
Eligible consultations, prescribed medicines and diagnostic tests can create recurring costs. An OPD benefit can help cover these expenses according to the policy's terms and limits.
 

Provides Support Without Hospitalisation
The benefit can cover eligible medical care that does not require hospital admission. This makes it relevant for routine consultations, minor treatments and other outpatient healthcare needs.
 

Makes Preventive Healthcare Easier to Access
Coverage for eligible consultations and health check-ups can support regular healthcare visits. It may make routine medical appointments easier to manage within an annual healthcare budget.
 

Covers More Than Doctor Consultations
Depending on the policy, OPD cover in health insurance can extend to prescribed medicines, diagnostic tests, minor procedures and teleconsultations. This gives the benefit wider practical use for outpatient care.
 

Offers Cashless Convenience
Cashless OPD facilities can reduce the need to pay eligible expenses upfront at participating network providers. This can make routine healthcare payments and claims more convenient.
 

Complements Hospitalisation Cover
Hospitalisation insurance focuses on eligible expenses related to hospital treatment, while OPD cover in health insurance addresses eligible outpatient costs. Having both benefits can provide broader financial support for different healthcare needs.
 

Supports People With Regular Healthcare Needs
People who frequently consult doctors, take prescribed medicines or undergo diagnostic tests may find OPD benefits useful. Its value depends on the premium, OPD limit, exclusions, waiting periods and claim conditions.

Choose OPD Cover that Matches Your Healthcare Needs

Outpatient expenses can form a regular part of healthcare spending, making OPD cover in health insurance a useful benefit for eligible consultations, medicines, diagnostics and other services. Its suitability depends on your healthcare requirements and the policy's terms. Check the coverage limit, exclusions, waiting periods, network facilities and claim requirements before choosing a plan.
 

Online insurance brokers like Jio Insurance Broking Ltd can help you compare available health insurance options and understand their features. Compare health insurance plans with OPD benefits today and choose coverage that matches your regular healthcare needs.

SBI General Insurance delivers strong Q1 FY27 growth of 10.9%, becoming India’s first general insurer to release results under Ind AS

SBI General Insurance continued to build scale across its business portfolio, with strong contributions from both retail and commercial lines. During the quarter, Health grew by 49.9% and PA by 26.3%, while Engineering and Marine-Cargo grew by 95.4% and 16.8%, respectively. The broad-based performance across these segments reflects the Company’s continued focus on building scale across its retail and commercial businesses while responding to evolving protection needs of customers and enterprises. 
 

The Company’s performance continues to be underpinned by its focus on maintaining the right balance between business expansion and financial discipline. The Comprehensive Income for SBI General Insurance stands at 573 crore while the PAT stands at 426 crore as per the Ind AS financial. SBI General Insurance reported a solvency ratio of 2.0 times and Combined Operating Ratio (COR) of 96.18% for Q1 FY27, reflecting a robust capital position and providing a strong foundation to support the Company’s growth ambitions. 
 

The quarter also marked a significant milestone in the Company’s financial reporting journey, with SBI General Insurance becoming the first general insurer to report its financial results under the newly adopted Ind AS framework. The transition represents an important step in strengthening the Company’s financial reporting and disclosure framework and further reinforces its focus on transparency, governance and financial discipline. 
 

Commenting on the Company's performance, Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “We have started FY27 on a strong note with sustained growth across all key parameters. We have built solid foundations and expect this growth momentum to carry us to a strong year-end. Our GDPI stood at INR 3506 crore with comprehensive income at 573 crore in Q1FY27, reflecting our focus on balanced growth and profitability, backed by customer trust and agile execution. We remain committed to further strengthening our capabilities and delivering on our promise of protecting what matters most to our customers."
 

Mr. Jitendra Attra, CFO, SBI General Insurance, added, “We’re the first adopters of the Ind AS framework among the General Insurance companies, marking another important milestone in our financial reporting journey and will further enhance transparency and comparability for our stakeholders. We’ve firmly achieved a 17.4% growth in the Comprehensive income for Q1 FY27. Our 10.9% growth in GDPI reflects sustained momentum across key business segments, while our focus remains firmly on maintaining financial discipline as we scale. With a solvency ratio of 2.0 times, we remain well positioned to pursue sustainable growth while maintaining financial strength and discipline.” 
 

As SBI General Insurance progresses through FY27, the company remains focused on scaling with discipline, strengthening underwriting and driving operational efficiency. With a growing and diversified portfolio, robust capital position and continued investments in technology and distribution, SBI General Insurance is well positioned to sustain its momentum, deepen insurance penetration and further strengthen its position in India’s evolving general insurance landscape. 
 

About SBI General Insurance
SBI General Insurance, one of the fastest-growing private general insurance firms, backed by the robust support of SBI, upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence in 182 branches. In FY 2025-26, SBI General Insurance reported a Gross Direct Premium (GDP) of INR 15,904 crores, recording a YOY growth of 14.5%.

The company received numerous prestigious accolades, showcasing its excellence across various domains. Key honors include winning the Domestic General Insurer of the Year – India and Claims Initiative of the Year – India at the Insurance Asia Awards 2025 in Singapore, Smart Insurer for the year 2025 at the ETNOW Insurance Summit & Awards 2025, India’s Leading General Insurance Company (Mid) for its outstanding performance at the 18th edition of the Dun & Bradstreet BFSI & Fintech Summit 2026 and Best General Insurance Company of the Year at 4th Edition of Future of Insurance Summit 2025.

Certified as a Great Place to Work in 2025, the company also excelled at 8th ICC Social Impact Award 2026 for its commitment to CSR Activities in Project Mission for Vision in Meghalaya, and "ET NOW Champions of CSR" at the ET Edge ET NOW Champions of CSR 2025.

With a team of 9,900+ employees and our multi-distribution model covering Bancassurance, Agency, OEM, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network that includes over 23000+ SBI branches, plus agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.

The event, which took place at the Courtyard by Marriott Mumbai International Airport, saw Dr. Debasish Prusty, Additional Secretary of the Department of Financial Services (DFS), Ministry of Finance, take the role of chief guest. Ms. Preeti Chandrashekhar, President of the IAI; Vice President Anurag Rastogi; Ms. Asha Murali, Honorary Secretary of the IAI; and Mr. Mike Lombardi, President of the International Actuarial Association (IAA), Kartikey Kandoi, FIAI, FIA, FCA were also present.
 

Left to Right: N Shrinivasan, Ruchita Verma, Preeti Chandrashekhar, Aasha More, Kartikey Kandoi, Anurag Rastogi
 

Speaking at the event, Ms. Preeti Chandrashekhar, President, Institute of Actuaries of India, said, “As India expands its safety nets and seeks long-term fiscal and financial sustainability, actuarial expertise becomes central to informed decision-making and public trust. Actuaries operate at the intersection of economics, finance, demography, and risk. We shape frameworks that protect livelihoods, strengthen institutions, and advance India's journey toward Viksit Bharat 2047 since today’s progress should not become tomorrow’s vulnerability. One profession that truly holds endless possibilities and infinite impact.”
 

As part of the celebrations, IAI launched its Brand Bible, establishing a unified framework for the Institute’s identity, messaging and communication. The Brand Bible brings together the principles and standards that will guide how IAI presents itself consistently across its stakeholders and communication platforms. The Institute of Actuaries of India (IAI) has signed a Memorandum of Understanding (MoU) with Bhimtech to strengthen collaboration and knowledge exchange in the emerging areas of carbon markets and carbon credits.
 

IAI also launched its Job Portal, a dedicated platform designed to connect actuarial professionals and talent with relevant career opportunities, while strengthening engagement between employers and the actuarial community.
 

The Institute further announced the 26th Global Conference of Actuaries (GCA) & Actuarial Global Forum of Actuaries (AGFA), which will bring together actuarial professionals, policymakers, industry leaders and global experts to discuss emerging trends, risks and opportunities shaping the profession and the wider financial ecosystem.
 

These initiatives reflect IAI’s continued efforts to strengthen the actuarial profession and its contribution across insurance, pensions, investments, risk management and other areas of India’s evolving financial and economic landscape.
 

About the Institute of Actuaries of India

The Institute of Actuaries of India (IAI) is a statutory body established under the Actuaries Act, 2006, responsible for regulating and developing the actuarial profession in India. IAI functions under the administrative aegis of the Department of Financial Services, Ministry of Finance, Government of India, and is responsible for actuarial education, examinations, professional standards and conduct. The Institute works to advance actuarial knowledge and uphold high standards of professional integrity, expertise and public interest.

HDFC Life leadership team meets Hon’able Chief Minister of Jammu & Kashmir, Shri Omar Abdullah

The interaction focused on measures to deepen HDFC Life's presence in the region and expand access to life insurance for individuals and families across Jammu & Kashmir, in line with the industry-wide vision of 'Insurance for all by 2047'.

At HDFC Life, the company continues to work towards making life insurance simple and easily accessible to individuals across the country. Through its innovative products, enhanced service capabilities and strong, enduring partnerships, HDFC Life aims to secure India with pride. Its life insurance solutions are designed to meet financial needs across various life stages, with a diverse product suite spanning Protection, Savings & Investment, and Retirement Planning, among others.

Speaking on the occasion, Vibha Padalkar, MD & CEO, HDFC Life, said, “Financial security is a necessity in every Indian home. At HDFC Life, it is our constant endeavour to enhance the reach of life insurance across the length and breadth of our country. Our recent interaction with Hon’ble CM of Jammu & Kashmir, Shri Omar Abdullah, reflects how we think about growth at HDFC Life, not merely as expanding our footprint, but as building genuine, on-the-ground partnerships to understand what each market truly needs. We are confident that our individual and group life insurance solutions will enable citizens secure themselves and their families, financially.”

As the life insurance industry advances towards the vision of 'Insurance for all by 2047', HDFC Life remains focused on its commitment to securing India and enabling its policyholders to live with pride.

Amitava Chatterjee, MD & CEO, J&K Bank & Vibha Padalkar, MD & CEO, HDFC Life

The partnership was formally announced in the presence of the Bank’s MD & CEO Amitava Chatterjee, HDFC Life’s MD & CEO Vibha Padalkar, Executive Director & Chief Business Officer Vineet Arora, Chief Operating Officer Sameer Yogishwar, Chief Bancassurance Officer Lavneesh Gupta, Group Head – Strategic & Key Alliances Anita Peshkar, SVP Bancassurance Subrata Biswas and VP Strategic Alliances Rohit Khatri. The Bank’s Executive Director Sudhir Gupta, alongside Chief General Managers Sunit Kumar, Imtiyaz Ahmad and Rajesh Malla Tikoo, General Manager Anita Nehru, and other senior officials from both organizations were also present on the occasion.

Commenting on the collaboration, the Bank’s MD & CEO Amitava Chatterjee said, “At J&K Bank, customer centricity means enabling our customers to make informed financial choices from a diverse range of credible and competitive solutions. The addition of HDFC Life to our growing portfolio of insurance partners significantly widens that choice and strengthens our ability to offer need-based protection and long-term financial solutions suited to different life stages and aspirations.”

Highlighting the strategic rationale behind the Bank’s expanding insurance ecosystem, he added, “We believe that greater choice creates greater value. By bringing multiple reputed insurers onto our platform, we seek to create a competitive marketplace that benefits customers through product diversity, competitive pricing and greater flexibility in choosing solutions best aligned with their individual requirements.”

MD & CEO further added that expanding the reach of insurance through Bank’s extensive distribution network across the country complements the larger national objective of deepening insurance penetration and contributes to IRDAI’s vision of ‘Insurance for All by 2047’. 

Speaking on the partnership, MD & CEO, HDFC Life, Vibha Padalkar said, “Life insurance is an important pillar of long-term financial resilience. It offers families the confidence that their financial aspirations can remain protected even in the face of uncertainties. We are delighted to enter this strategic partnership with J&K Bank and offer our simple insurance solutions comprising of individual and group insurance plans backed by tech-empowered services to ensure customers can fulfil their goals with peace and pride. Our partnership reflects our strong commitment to serving customers across the country.” 

With HDFC Life joining its existing panel of insurance partners, J&K Bank continues to strengthen its bancassurance proposition by offering customers access to products from multiple leading insurers.

The bank’s multi-partner approach is designed to provide greater choice and facilitate need-based selection rather than a one-size-fits-all offering, while enhancing the overall value proposition available through the Bank’s distribution network.

Sameer Yogishwar, Chief Operating Officer, HDFC Life

For further support, claimants can connect with HDFC Life via the below touch points:
 

Dedicated claim helpline: 022-68446529
Call Centre Number: 022-68446530
WhatsApp: +91 8291890569
Email:service@hdfclife.com
Nodal Officer: Ruma Konwar | 8876517557
 

Claimants may also choose to visit any of HDFC Life’s branch offices. The branch addresses for affected areas are given below:
 

Jorhat: 2nd Floor, Sneha Heights, New Balibat, Jorhat, Assam 
Sivasagar: 2nd Floor, Jagannath Plaza, Transport Tiniali Sivasagar, Assam 
Golaghat: Ground Floor, Om Arav Building, Thana Road, Golaghat, Assam
 

Sameer Yogishwar, Chief Operating Officer, HDFC Life said, “We at HDFC Life are committed to stand by our policyholders’ families who are impacted by this calamity. We will ensure that each claim request, received from anyone impacted by the floods in Assam, is treated as priority to ensure a smooth and hassle-free payout.”

For more information, please visit www.hdfclife.com. You may also connect with us on Facebook, Twitter, YouTube and LinkedIn

SBI General Insurance launches its new motor insurance film with Pankaj Tripathi, reinforcing its promise of trust and dependable protection

The Motor Insurance film carries forward the core thought of ‘Chuniye Bharosa, Apno Sa’, into another important aspect of everyday life. Built around a simple yet relatable insight, the film highlights that just as people are careful about whom they trust with something as valuable as their vehicle, choosing the right motor insurance partner also deserves the same thought and confidence. Through a simple yet engaging narrative, the film encourages consumers to look beyond just a product and choose a partner who stands by them when it matters.

For most customers, buying a vehicle is a carefully considered decision, yet motor insurance is often treated as a routine purchase. Through the motor film, SBI General Insurance encourages consumers to make informed choices by looking beyond the policy and choosing a partner they can trust. Reinforcing its commitment to making insurance simpler, more accessible and more relevant, the company continues to deliver protection backed by trust and support when it matters most.

Commenting on the campaign, Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, "Insurance is built on the confidence customers have in the partner they choose. As vehicles become an integral part of everyday life, customers are looking for protection that is simple, transparent and dependable. Through the Motor Insurance chapter of 'Chuniye Bharosa, Apno Sa', we continue our commitment to making insurance more relevant while delivering the support customers need throughout their ownership journey."

Adding to it, Mr. Rathin Lahiri, Head - Marketing & CSR, SBI General Insurance, said, “At the heart of this campaign is a simple idea: A car is an achievement, its private space, self-expression, gives independence and control, and is one of the most valuable assets one owns. When it comes to protecting something so valuable to you, why would you take a chance? It is better to go with the most trusted brand with its wide network of garages and documented claims support experience. Pankaj Tripathi's natural warmth and authenticity make this message resonate effortlessly across audiences. Through this campaign, we hope to encourage customers to view motor insurance not just as a policy, but provide assurance of having a dependable partner by their side."

Known for his relatable screen presence and effortless storytelling, Pankaj Tripathi continues to embody the values of trust, simplicity and dependability that define the 'Chuniye Bharosa, Apno Sa' campaign. His natural connection with audiences across geographies and demographics makes him an ideal ambassador for SBI General Insurance's customer-first philosophy.

The campaign will be amplified across a wide range of platforms including television, print, outdoor, OTT, and digital channels, allowing SBI General to connect with consumers through multiple formats and touchpoints.

Supporting the campaign is SBI General Insurance's comprehensive motor insurance proposition, designed to make vehicle ownership simpler and more secure. Backed by an extensive network of over 8,400+ network garages, cashless repair facilities, faster approvals and a transparent claims process, the company continues to enhance the overall customer experience while helping vehicle owners stay protected against unexpected situations with greater confidence.

View the film at -

YouTube, Instagram, Facebook, X, LinkedIn

About SBI General Insurance

SBI General Insurance, one of the fastest-growing private general insurance firms, backed by the robust support of SBI, upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence in 182 branches. In FY 2025-26, SBI General Insurance reported a Gross Direct Premium (GDP) of INR 15,904 crores, recording a YOY growth of 14.5%.

The company received numerous prestigious accolades, showcasing its excellence across various domains. Key honors include winning the Domestic General Insurer of the Year – India and Claims Initiative of the Year – India at the Insurance Asia Awards 2025 in Singapore, Smart Insurer for the year 2025 at the ETNOW Insurance Summit & Awards 2025, India’s Leading General Insurance Company (Mid) for its outstanding performance at the 18th edition of the Dun & Bradstreet BFSI & Fintech Summit 2026 and Best General Insurance Company of the Year at 4th Edition of Future of Insurance Summit 2025.

Certified as a Great Place to Work in 2025, the company also excelled at 8th ICC Social Impact Award 2026 for its commitment to CSR Activities in Project Mission for Vision in Meghalaya, and "ET NOW Champions of CSR" at the ET Edge ET NOW Champions of CSR 2025.

With a team of over 9,900+ employees and our multi-distribution model covering Bancassurance, Agency, OEM, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network that includes over 23000+ SBI branches, plus agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.

Over the last 25 years, HDFC Life has systematically built trust amongst its customers by offering them innovative and simple products designed to fulfill their long-term financial goals. The Company continues to enhance its customers’ experience by offering several tech-enabled services, relevant and specific touch points, and consistent delivery on several key business metrics – all enabling the Company build and sustain trust amongst its policyholders.

Prasun Gajri, Chief Investment Officer & Chief Strategy Officer, HDFC Life

Commenting on the key milestone of the Company, Prasun Gajri, Chief Investment Officer & Chief Strategy Officer, HDFC Life, said, "At HDFC Life, our philosophy of protecting India with pride guides every aspect of our business. It’s at the core of our product design, our service architecture, and, most importantly, the way we manage our policyholders’ investments. Crossing Rs. Four Lakh Crore in AUM and being able to double the AUM within four years is a reflection of this philosophy. Our focus remains on disciplined investment practices and strategic asset allocation, which has enabled us to deliver sustainable, risk-adjusted returns while safeguarding policyholder interests.”

AUM is an important indicator of an insurer’s scale, financial strength and investment management capabilities and customer loyalty over the long-term. HDFC Life’s steady AUM growth has been underpinned by its diversified portfolio of products covering a wide range of life insurance solutions that focus on protection, savings and investment, designed to address the evolving financial needs of individuals across every stage of life.

The Company’s current debt-equity ratio is 72:28. A high proportion of its debt investments are in Government bonds and AAA-rated securities, underscoring its focus on capital preservation and risk-adjusted returns.

Alongside the AUM growth, HDFC Life has maintained a high claim-settlement ratio (99.7% in FY’26*), which reflects the Company’s continued focus on customer centricity and sustained excellence. 

*Claim Settlement Ratio for individual death claims in FY’26.

PNB MetLife recognized by Great Place To Work®
 

Commenting on this Balbir Singh, CEO, Great Place To Work®, said, “As we unveil India’s Best Companies To Work For 2026, we reflect on a journey that has, over decades, shaped how organizations understand and build workplace culture. In India, this study has become one of the most comprehensive workplace culture assessments, capturing the lived experiences of over 5.7 million employees across 20+ industries.
 

We observe that Best Workplaces outperform peers by scoring 89% on caring and inspiring, which are two of the nine key leadership behaviors as defined by Great Place To Work. Organizations that prioritize these behaviors see 14% higher experience of productivity, retention, and customer service scores. Leaders at Best Workplaces demonstrate that when people feel valued and heard, they bring their best selves to work.
 

I extend my heartfelt congratulations to PNB MetLife that has earned a place on this year’s list as well. This recognition belongs to every leader who leads with intent, every team that fosters belonging, and every employee who contributes to building a culture of trust. The journey to greatness starts with you."
 

Commenting on the recognition, Sameer Bansal, Managing Director & CEO, PNB MetLife, said, “Our people are our greatest strength, and this recognition celebrates the culture they help create every day. Being ranked among India’s Top 20 Best Companies to Work For 2026 inspires us to raise the bar further and continue building a workplace where innovation, collaboration, and purpose thrive. As we grow, we remain committed to creating opportunities that empower our employees to achieve their full potential and make a meaningful impact for our customers, communities, and the stakeholders.”
 

Backed by 30 years of data, Great Place To Work is the global authority on workplace culture. Through its proprietary For All™ Model and Trust Index™ Survey, it gives organizations the recognition and tools to create a consistently positive employee experience. Its mission is to help every place become a great place to work for all, driving business growth, improving lives, and empowering communities. Through globally recognized and coveted Great Place To Work Certification™ and highly competitive Best Workplaces Lists, Great Place To Work enables employers to attract and retain talent, benchmark company culture, and increase revenue. Its platform enables leaders to truly capture, analyze and understand the experience of every employee, and compare outcomes with data collected from more than 100 million employees in 150 countries worldwide.
 

About PNB MetLife India Insurance Company Limited

PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India that combines the financial strength of MetLife, Inc. with the credibility of PNB, one of India's oldest nationalized banks. PNB MetLife's positioning, Always Ready for Life, is demonstrated through empowering every individual to lead life with absolute confidence.
 

With a strong presence in 182 offices and access to customers in over 20,000 locations through bank partnerships, PNB MetLife offers a comprehensive insurance solutions portfolio covering Child Education, Family Protection, Long-Term Saving and Retirement. The company has a wide range of protection and retirement plans available through its sales channel of over 40,000 financial advisors and multiple bank partners and caters to over 585 group relationships in India.
 

For more information, follow us on:

Facebook - www.facebook.com/PNBMetLife

Instagram - www.instagram.com/pnb_metlife

Visit - www.pnbmetlife.com

The fund will be offered during a New Fund launch period from July 1 to July 13, 2026, at an initial NAV of Rs. 10 per unit⁽³⁾, providing customers with an accessible way to participate in equity markets. Customers can invest in the fund through the PNB MetLife website and Policybazaar.

The launch responds to the growing need among Indian customers for accessible and goal-oriented financial planning solutions that balance market participation with long-term financial security. By focusing on value-oriented equity exposure, it aims to help customers navigate market cycles and stay invested for outcomes such as retirement planning and wealth accumulation(4).

Speaking on the launch, Sanjay Kumar, Chief Investment Officer, PNB MetLife, said, “At PNB MetLife, we believe that meaningful wealth creation comes from making disciplined investment choices and staying committed for the long term. The Enhanced Value Index Fund brings a systematic value-investing framework to customers who are looking for a disciplined and transparent approach to long-term investing. By harnessing the potential of fundamentally strong companies at attractive valuations, it offers a simple way to align investments with long-term financial priorities while also supporting life insurance protection through ULIPs.”

Key Features of the Enhanced Value Index Fund:

• Value-driven strategy: Focus on companies with strong fundamentals at relatively attractive valuations

• Disciplined investing: Rule-based methodology reduces emotional decision-making

• Diversified exposure: Access across sectors such as financials, energy, commodities, and consumer segments

• Long-term orientation: Encourages sustained investment through market cycles to support financial goals

• Protection advantage: Available through ULIPs, combining market-linked growth potential with life insurance protection

The PNB MetLife Enhanced Value Index Fund follows a passive investment strategy aimed at replicating the BSE 500 Enhanced Value 50 Index (Customized⁽⁵⁾. It uses a rule-based methodology to identify 50 companies based on valuation metrics such as book-to-price, earnings-to-price, and sales-to-price ratios, providing diversified exposure across sectors including financials, energy, commodities, and consumer segments. Designed to reduce emotional decision-making and promote disciplined investing, the fund encourages customers to stay invested over the long term and work towards financial goals such as retirement, while benefiting from the dual advantage of market participation and embedded life insurance protection through ULIPs.

About PNB MetLife India Insurance Company Limited

PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India that combines the financial strength of MetLife, Inc. with the credibility of PNB, one of India’s oldest nationalized banks. PNB MetLife’s positioning, Always Ready for Life, is demonstrated through empowering every individual to lead life with absolute confidence.

With a strong presence in 182 offices and access to customers in over 20,000 locations through bank partnerships, PNB MetLife offers a comprehensive insurance solutions portfolio covering Child Education, Family Protection, Long-Term Saving and Retirement. The company has a wide range of protection and retirement plans available through its sales channel of over 40,000 financial advisors and multiple bank partners and caters to over 585 group relationships in India.

For more information, follow us on:

• Facebook - www.facebook.com/PNBMetLife

• Instagram - www.instagram.com/pnb_metlife

• Visit - www.pnbmetlife.com

The recognition marks an important milestone in Ageas Federal Life Insurance's transformational journey, reflecting a deeper, organisation-wide commitment to building an insurance experience defined by customer-centricity, transparency, simplicity and trust. Over the past year, the company has undertaken a series of deliberate steps to reimagine its customer journey, with claims being one of the important touchpoints where that promise is delivered.

Reflecting this commitment, 96.11% of eligible claims were settled within 30 days of receiving complete documentation, while 75% were settled within 7 days. Customers can register claims seamlessly through multiple touchpoints, including the company's website, email, partner bank branches and Ageas Federal Life Insurance offices across the country, ensuring a simple and accessible claims experience.

This performance is part of a broader transformation in customer experience. The company has ranked amongst the Top 10 companies in Customer Experience according to the Hansa Research Life Insurance CuES 2026 report, reflecting the growing trust and confidence policyholders are placing in Ageas Federal Life Insurance's service ethos, underscoring that the transformation is being felt where it matters most: with customers.

Commenting on the achievement, Jude Gomes, Managing Director & CEO, Ageas Federal Life Insurance, said, "Every claim we settle is a promise honored. Over the past year, we have continued to strengthen every aspect of our customer journey by making our claims experience simpler, faster and more transparent. Being recognized as the industry's leader in Individual Claim Settlement Ratio reflects the trust our customers place in us and the dedication of our teams to stand by them when they need us the most. As we continue our transformation journey, we remain committed to raising the bar on service excellence and delivering an experience that inspires confidence at every stage."

The recognition reinforces Ageas Federal Life Insurance's ongoing transformation, one centred on building an insurer that is transparent, dependable and genuinely customer-first, and that stands ready to deliver on its commitments at every stage of the policyholder journey.

HDFC Life and the Tata Digital Group Enter Strategic Partnership
 

The Company’s protection and investment solutions will be available on Tata Neu’s platform. This partnership will enable millions of existing and new customers of the app plan for their financial goals in a seamless manner.

Speaking on the partnership, Ms. Vibha Padalkar, Managing Director & CEO, HDFC Life, said, “India is moving at a significant pace when it comes to accessing most products and services through a digital-first interface. Our partnership with the Tata Digital group further enables us reach these digital savvy customers through the Tata Neu app and plan for their protection and investment needs, in a seamless manner. Our brands are aligned to make India more secure and enable many more Indians live with pride.”
 

Mr. Sajith Sivanandan, CEO and Managing Director, Tata Digital, said, “Our endeavour at Tata Neu is to simplify how customers fulfil their financial and lifestyle needs through a trusted and frictionless digital experience. Our collaboration with HDFC Life strengthens our range of life insurance solutions, helping our consumers seamlessly plan and protect their financial future with greater ease. We believe this partnership will encourage more customers to consider life insurance as an integral part of their financial plans, with the convenience and trust of being able to access it through Tata Neu, anytime and anywhere.”

About HDFC Life

Established in 2000, HDFC Life is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity and Health. The Company has over 60 products (individual and group products) including optional riders in its portfolio, catering to a diverse range of customer needs.

HDFC Life continues to benefit from its increased presence across the country, having a wide reach with branches and additional distribution touchpoints through several new tie-ups and partnerships. The count of distribution partnerships is over 500, comprising banks, NBFCs, MFIs, SFBs, brokers, new ecosystem partners amongst others. The Company has a strong base of financial consultants.

For more information, please visit www.hdfclife.com. You may also connect with us on Facebook, Twitter, YouTube and LinkedIn.

About Tata Digital Group

Tata Digital Group, a subsidiary of Tata Sons, enhances everyday consumer experiences through platforms like Tata Neu, bigbasket, Croma, Tata Cliq and Tata 1mg. Tata Neu, is designed as a trusted digital companion, bringing together payments, financial services, and lifestyle experiences in a connected ecosystem anchored by a unified rewards program. Through Tata NeuCoins, customers are recognized and rewarded across their interactions with Tata brands, enabling them to unlock greater value from both everyday transactions and key life moments.

During FY26, the company settled 6,188 individual claims amounting to Rs. 526.62 crore and 6,868 group claims totaling Rs. 502.69 crore. Speed of service remained a key strength: 99.98% of claims were settled within 30 days of receipt of all required documents, 95% within seven days, and 35% within just one day.

PNB MetLife also strengthened its claims experience with ‘Claims Assure – 3 Hours’* initiative enabling decisions on 1,681 claims worth Rs. 56.67 crore within three hours. And subsequently those claims were settled within a maximum timeframe of one week.

To make claims easier and more accessible through both digital and physical channels, customers can initiate requests via khUshi app, the company website, WhatsApp, or at partner bank branches and PNB MetLife’s branches, ensuring that support is always within reach.

Commenting on the milestone, Sameer Bansal, MD & CEO, PNB MetLife, said, “At PNB MetLife, every claim is a promise in action. When customers come to us, often in their most challenging moments, they should not have to wait or worry. Our priority is to respond with speed, simplicity, and empathy- supporting them every step of the way so they can move forward with confidence. Our performance of 99.81% in FY26 reflects the sustained investments we have made in faster service, digital enablement, and personalized support, strengthening customer trust.” 

About PNB MetLife India Insurance Company Limited
PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India that combines the financial strength of MetLife, Inc. with the credibility of PNB, one of the India's oldest nationalized banks. PNB MetLife’s positioning, Always Ready for Life, is demonstrated through empowering every individual to lead their life with absolute confidence.

With a strong presence in 182 offices and access to customers in over 20,000 locations through bank partnerships, PNB MetLife offers a comprehensive insurance solutions portfolio covering Child Education, Family Protection, Long-Term Saving and Retirement. The Company has a wide range of protection and retirement plans available through its sales channel of over 40,000 financial advisors and multiple bank partners and caters to over 585 group relationships in India.

For more information, follow us on: 
Facebook - www.facebook.com/PNBMetLife 
Instagram - www.instagram.com/pnb_metlife 
visit - www.pnbmetlife.com

*Applies only to non-early death claims where policy was active for minimum 3 years, with complete intimation and all required documents submitted and verified, as compliant by PNB MetLife (and up to Rs 50 lakhs). Timelines are indicative and exclude cases needing further investigation, clarification, or third-party inputs

As vehicles become more advanced and customer expectations evolve, vehicle owners are increasingly seeking holistic solutions through motor insurance that provide comprehensive protection, flexibility, and convenience. While a standard motor insurance policy provides coverage against key risks, selecting suitable add-on covers can help customers enhance their protection and manage expenses arising from accidents, damages, and unexpected vehicle-related situations.
 

SBI General Insurance highlights key motor insurance add-ons that vehicle owners can consider for enhanced coverage and greater peace of mind:
 

Engine Guard: Protection Against Water-Related Engine Damage

The engine is one of the most critical components of a vehicle, and repairs can involve significant costs. Engine Guard provides additional protection against damages caused due to water entering the engine and gearbox components, helping customers manage expenses arising from such situations.

Battery Guard: This add-on is essential for Electric Vehicles (EVs). It covers damages to internal parts of the traction battery, Battery Management System (BMS), and the Electric Vehicle Drive System caused by perils like water ingress or short circuits.

Zero Depreciation Cover: Helping Reduce Repair Costs

Vehicle repairs following accidents or damages can lead to considerable expenses due to depreciation deductions on replaced parts. Zero Depreciation Cover helps customers avoid depreciation deductions on eligible parts during an approved claim, enabling them to receive a higher claim amount and reduce their out-of-pocket repair expenses.
 

Consumables Cover: Supporting Complete Repair

Vehicle repairs often involve replacement of consumable items such as engine oil, brake oil, lubricants, nuts, bolts, washers, and other components. Consumables Cover helps cover these expenses when they arise due to damages covered under the policy, supporting customers through a smoother repair experience.
 

Roadside Assistance: Support During Unexpected Situations

Vehicle breakdowns and emergencies can impact daily travel and convenience. Roadside Assistance provides support services during such situations, helping customers access timely assistance and continue their journey with greater ease.

Commenting on this Udayan Joshi, Chief Operating Officer, SBI General Insurance, said, “India’s road infrastructure landscape is transforming, with vehicle owners seeking solutions that align with their evolving needs and provide greater confidence on the road. As every customer’s requirements differ, the right combination of motor insurance coverage and add-on covers can play an important role in ensuring a more secure ownership experience. At SBI General Insurance, we understand these changing needs and continue to offer customised motor insurance solutions that help customers strengthen their protection and receive timely support during unexpected situations.”
 

With evolving needs and increasing focus on comprehensive vehicle protection, having the right motor insurance coverage has become an important part of responsible vehicle ownership. SBI General Insurance’s motor insurance solutions provide financial protection against unforeseen events such as accidents, vehicle damage, theft, and natural calamities. With access to a network of over 8,400 network garages, customers can avail hassle-free repair services while ensuring greater convenience during emergencies.
 

SBI General Insurance’s motor insurance plans are designed to help customers customise their coverage based on their requirements, with approximately 20 add-on covers including options such as enhanced roadside assistance, engine protection, zero depreciation, Tyre & rim secure etc. and protection against specific vehicle-related risks. The policy also offers third-party damage cover for injury/death of third parties and damage to third-party property, along with Personal Accident Cover for individual owners and passengers. With comprehensive coverage options, timely vehicle maintenance, and responsible driving practices, customers can ensure greater confidence and protection throughout their vehicle ownership journey.
 

About SBI General Insurance

SBI General Insurance, one of the fastest-growing private general insurance firms, backed by the robust support of SBI, upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence in 182 branches. In FY 2025-26, SBI General Insurance reported a Gross Direct Premium (GDP) of INR 15,904 crores, recording a YOY growth of 14.5%.
 

The company received numerous prestigious accolades, showcasing its excellence across various domains. Key honors include winning the Domestic General Insurer of the Year – India and Claims Initiative of the Year – India at the Insurance Asia Awards 2025 in Singapore, Smart Insurer for the year 2025 at the ETNOW Insurance Summit & Awards 2025, India’s Leading General Insurance Company (Mid) for its outstanding performance at the 18th edition of the Dun & Bradstreet BFSI & Fintech Summit 2026 and Best General Insurance Company of the Year at 4th Edition of Future of Insurance Summit 2025.
 

Certified as a Great Place to Work in 2025, the company also excelled at 8th ICC Social Impact Award 2026 for its commitment to CSR Activities in Project Mission for Vision in Meghalaya, and "ET NOW Champions of CSR" at the ET Edge ET NOW Champions of CSR 2025.
 

With a team of over 9,900+ employees and our multi-distribution model covering Bancassurance, Agency, OEM, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network that includes over 23000+ SBI branches, plus agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.

Pramerica Life Insurance Launches 'Invest Shield'

Invest Shield is designed for individuals aged in their early 30s to mid 40s who want both life protection and long-term wealth creation within a single policy, rather than managing a standalone term plan and a separate investment product. The plan offers a life cover of up to 100 times the annualised premium, though the actual multiple depends on the policyholder’s age at entry, chosen premium level, and policy term. Premium payment terms and policy duration are customisable.

Key Features

• Upto 100x Life Cover: Financial protection through a life cover of up to 100 times the annualised premium, ensuring substantial coverage for the family throughout the policy tenure. 

• Return of Charges: Return of mortality charges and premium allocation charges to the policyholder, helping enhance the overall fund value. 

• Loyalty Boosters: Persistency boosters and maturity benefits that reward customers for remaining invested over the long term. 

• Flexible Investment Options: Flexibility to choose between two investment strategies and nine fund options across equity, debt, and balanced allocations, catering to diverse risk profiles and investment preferences. 

• Customisable Premium Payment Terms and Policy Duration: Flexibility to align the plan with individual life stages, financial priorities, and long-term financial goals. 

Pankaj Gupta, MD & CEO, Pramerica Life Insurance, said, “Pramerica Life Insurance Invest Shield reflects where we believe the life insurance conversation in India needs to go. For too long, customers have been asked to make a choice that should not exist - between protecting their family and building their wealth. Customers today think about their financial future as a whole. Pramerica Life Invest Shield is built for that mindset. This launch also reflects our commitment to listening closely to evolving customer needs and responding with solutions that are genuinely differentiated. We are at an exciting point in Pramerica Life's journey - three consecutive years of strong, quality growth across every pillar of our business. That foundation gives us both the confidence and the responsibility to bring genuinely differentiated products to market.”

Karthik Chakrapani, Chief Business Officer, Pramerica Life Insurance, said, “Pramerica Life Invest Shield has been designed for customers who are looking for a more integrated approach to financial planning — one that combines meaningful life protection with long-term wealth creation at a stage in life where both priorities become increasingly important. At Pramerica Life, we remain committed to expanding insurance access across India through solutions that are relevant to evolving customer needs and supported by a diversified distribution ecosystem. Through our channels Prahri and Param, catering to the armed forces and paramilitary services respectively, our agency network across Tier 2 and Tier 3 markets, broker and corporate agent relationships, and our direct-to-consumer channel, we are making Pramerica Life Invest Shield accessible to customers across markets and geographies through the mode of engagement that best aligns with their preferences and financial needs."

The launch arrives at a moment of sustained momentum for Pramerica Life - three consecutive years of double-digit growth, built on the quality and sustainability of the business being written. New Business Premium grew 19% year-on-year to Rs. 1,471 crore, while Annualised Premium Equivalent rose 29%. Assets under Management expanded 12% YoY and individual New Business Premium grew 30%. Through this period of growth, the company has maintained a Claims Paid Ratio of 99.29% - rising year-on-year for three consecutive years - a measure of the discipline and customer commitment that has accompanied the scale. 

Alongside this growth, the company has remained focused on societal inclusion and extending financial protection to traditionally underserved customer groups and regions. With an average ticket size approximately 42% lower than the industry median, Pramerica Life has consciously built offerings aimed at broadening accessibility across customer segments. The company’s long-standing association with the armed forces and paramilitary community is reflected through specialised protection solutions and second-career opportunities, with more than 60% of individual lives covered belonging to the defence forces community and over 8,500 veterans employed since inception. Nearly 90% of lives covered by Pramerica Life are from rural India, reflecting its continued focus on deepening penetration across underpenetrated and hard-to-reach regions. Pramerica Life Invest Shield is a direct extension of this philosophy — a product built around genuine customer relevance and long-term value creation.

About Pramerica Life Insurance Limited

Pramerica Life Insurance Limited is a joint venture between DIL, a wholly owned subsidiary of Piramal Finance Limited (erstwhile Piramal Capital and Housing Finance Limited) and Prudential International Insurance Holdings, Ltd. (PIIH), a fully owned subsidiary of Prudential Financial, Inc. (PFI). It represents the coming together of two renowned financial services organizations with a legacy of business excellence spread over decades. Pramerica Life Insurance Limited, started operations in India on September 1, 2008 and has a pan India presence through multiple distribution channels which have been customized to address the specific insurance needs of diverse customer segments. The Company is committed to providing protection and quality financial advice to its customers. Pramerica is the brand name used in India and select countries by PFI.

For more details, please visit www.pramericalife.in

About Piramal Finance Limited

Piramal Finance Limited is a retail-led upper-layer NBFC with a pan-India presence, having served over 5 million customers across 26 states. The company manages Assets under Management (AUM) of over Rs. 1,00,000 Cr and operates a distinctive phygital model - combining high-touch engagement across 13,000+ pin codes with high-tech capabilities including machine learning models, agentic AI tools and real-time dashboards. In retail lending, Piramal Finance offers home loans, loans against property, used car loans, personal loans, digital loans and small business loans, with a strong focus on metro-adjacent, semi-urban and rural markets. In wholesale lending, the company provides asset-backed, data-driven solutions across real estate and select non-real estate sectors, with a focus on mid-segment residential projects and capital solutions for mid-market corporates. With its digital-first approach and AI-enabled platforms, Piramal Finance is committed to expanding access to affordable credit and driving inclusive growth across India.

For more information visit: piramalfinance.com

About Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately USD 1.4 trillion in assets under management as of December 31, 2022, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better by creating financial opportunities for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years.

For more information, please visit news.prudential.com

Claim settlement is the moment of truth in the life insurance industry and is the critical differentiator amongst the life insurers. HDFC Life is committed to ensuring that all claimants have a smooth and stress-free experience at every touch-point.

Sameer Yogishwar - Chief Operating Officer, HDFC Life

"Timely and hassle-free settlement of every genuine claim will continue to be our priority," said Sameer Yogishwar - Chief Operating Officer, HDFC Life. "Our customers trust us when they buy a policy, and HDFC Life is dedicated to living up to that trust by making every effort to provide them and their families with financial security at the time when they need it the most. We are continually enhancing our capabilities and using technology to create an easier, more seamless, and more effective claim settlement process to enable for faster turnaround times.”

HDFC Life has undertaken several customer-focused initiatives to improve the claims process for both policyholders and beneficiaries. The Company is leveraging digital workflows, automation, AI-led validation, and analytics to simplify claims assessment and processing. Claimants can now initiate and track claims digitally, upload documents online, and receive timely communication updates throughout the process. Digital claims journeys reduce dependency on physical visits and manual paperwork, which can be emotionally and operationally difficult during stressful situations. Under Project Inspire, HDFC Life is driving Zero‑Touch Processing (ZTP), Fast‑Track processes, and real‑time payment enablement in the claims domain.

To ensure claimants have a hassle-free experience towards processing the claims, they can reach HDFC Life through the multiple channels available to them – from walking into their nearest HDFC Life branch, connecting with their agent, or even by logging into the Company’s portal.

Remember: To every customer buying a policy, here are some essential steps to follow:

1. Kindly disclose all health-related information accurately and truthfully, as it plays a critical role in the claim settlement process

2. Do fill the details of the nominee/nominees for the policy, as this ensures that the proceeds go to the rightful recipient

• Nomination can be done anytime during the lifecycle of the policy

• Nomination can be changed and multiple nominees can be added to an existing policy

3. Policyholders should share the policy details with the nominee/ nominees, so that they are able to initiate the claim process when the need arises

4. Always keep all contact details of self, and nominee, updated with the life insurer, for easy communication

Claim settlement ratio is 99.7% for individual death claims settled in FY’26.

Pramerica Life delivers third straight year of double-digit growth; Expands insurance reach across India

Last financial year, the company reported 19% year-on-year growth in New Business Premium (NBP), while Annualised Premium Equivalent (APE) grew 29% year-on-year, driven by healthy momentum across distribution channels. A Claims Paid Ratio of 99.29%, rising for three successive years, indicates towards the sound quality of the business.

The company also delivered strong growth in Retail New Business Premium, reflecting the continued expansion of its retail network into customer segments where the need for financial protection is high but availability has not always kept pace with that need. Notably, this growth was achieved with an average ticket size approximately 42% lower than the industry median - a measure of how deliberately the company has built its distribution to serve customers at varied income levels, not just at the higher end of the market.

Performance Snapshot for FY26:

• Total New Business Premium of Rs 1,471 crore, registering a 19% Y-o-Y growth

• Individual New Business Premium grew 30% year-on-year, 2.5x faster than the overall private industry

• A strong 3-year CAGR of 28% in Total New Business Premium, reflecting one of the most consistent growth trajectories among private life insurers in India

• Embedded Value grew 15% year-on-year

• 99.29% claims paid ratio, up from 99.18% last year

The company also continued to deepen its protection footprint, covering over 8.7 Cr+ lives including over 3.5 lakh defence personnel since inception. In line with its long-standing focus on developing solutions for insurance buyers with distinct protection needs, Pramerica Life was the first life insurer to develop specialised protection offerings designed around the service conditions and requirements of armed forces and paramilitary personnel, forging a deep and enduring association with these communities.

Over the years, this relationship has evolved beyond customer outreach into a wider people philosophy, with the company continuing to create meaningful second-career opportunities for veterans and ex-servicemen. Since inception, over 8,500 veterans have been employed by the company, with ex-servicemen today constituting nearly 17% of its employee base.

Pankaj Gupta, MD & CEO, Pramerica Life Insurance, said, "We are focused on building a business anchored in steady progression - and our third consecutive year of double-digit growth is a reflection of that intent. This record has been driven by a well-balanced mix of distribution channels, a sharp focus on the customer, a product approach built around genuine relevance and a strong risk management framework.

As we grow, our priority is to scale responsibly while staying grounded in what matters most to our customers: reliability and a strong claims experience. Looking ahead, we remain committed to expanding access to life insurance through wider market presence and delivering solutions that align with the evolving needs of new-age India, all while building a business that creates lasting value not just economically, but also through broader financial inclusion and community impact."

The growth momentum in FY26 was bolstered by a diversified strategy, with strong contributions across both proprietary and newly seeded channels. These channels serve a wide spectrum of customers across geographies, income profiles, professions and life stages, enabling more inclusive insurance penetration across the country.

This commitment to serving a diverse set of customers has also shaped the way Pramerica Life thinks about its products, making accessibility and relevance in product design an extension of its customer-first philosophy. On the non-participating side, the company offers some of the most competitive propositions in the industry - products designed to deliver certainty in an uncertain market environment, which have found strong resonance with customers seeking reliable, long-term financial protection. In the market-linked segment, the company has been at the forefront of product innovation, with offerings such as Smart Invest 1Up - an industry-first ULIP proposition - reflecting Pramerica Life's commitment to designing products that are differentiated in design and relevant to the evolving needs of today's India.

This thinking extends to the company's expanding fund portfolio as well. Recognising the growing investor appetite for India's long-term growth story, particularly in the midcap segment, Pramerica Life introduced the Nifty Midcap 50 Correlation Fund and the Rising Bharat Fund as part of its market-linked offerings last financial year. Both funds have delivered strong performance relative to broader market benchmarks, reinforcing the company's focus on identifying high-potential investment themes early and translating them into relevant customer propositions.

Grounded on these pillars, Pramerica Life Insurance has focussed on expanding its brand visibility through targeted, insight-driven marketing capabilities. At the forefront of this effort is This Is My Climb, a brand campaign that speaks to the aspirations and resilience of everyday Indians. The campaign's most recent chapter made its presence felt on the front pages of national and regional dailies, extending the brand's reach to a wide and diverse readership across the country.

This kind of engagement with customers does not emerge in isolation; it is the outward expression of an organisation that holds itself to the same standard of commitment internally. A culture of trust, inclusion and accountability - reflected in the company being Great Place To Work Certified for four successive years and recognised among the Top 25 Best Workplaces in the BFSI sector - forms the bedrock of how Pramerica Life grows from within. The company’s commitment to fostering a diverse and inclusive workforce is equally deliberate. Recognised among India’s Best Workplaces for Women and featured in India’s first DEI 100 Index by Team Marksmen and Ernst & Young, Pramerica Life believes that an organisation reflecting the diversity of the country it serves is best positioned to serve it meaningfully.

The steadiness of Pramerica Life’s growth story finds its roots in customer centricity being at the core of every decision. The company’s focus remains on shaping a business that combines scale with sustainability and growth with responsibility, while continuing to expand access to purposeful financial protection across India. Anchored in trust, inclusion, governance and long-term value creation, this is the foundation on which Pramerica Life is charting its next chapter.

About Pramerica Life Insurance Limited

Pramerica Life Insurance Limited is a joint venture between DIL, a wholly owned subsidiary of Piramal Finance Limited (erstwhile Piramal Capital and Housing Finance Limited) and Prudential International Insurance Holdings, Ltd. (PIIH), a fully owned subsidiary of Prudential Financial, Inc. (PFI). It represents the coming together of two renowned financial services organizations with a legacy of business excellence spread over decades. Pramerica Life Insurance Limited, started operations in India on September 1, 2008 and has a pan India presence through multiple distribution channels which have been customized to address the specific insurance needs of diverse customer segments. The Company is committed to providing protection and quality financial advice to its customers. Pramerica is the brand name used in India and select countries by PFI.

For more details, please visit www.pramericalife.in.

About Piramal Finance Limited

Piramal Finance Limited is a retail-led upper-layer NBFC with a pan-India presence, having served over 5 million customers across 26 states. The company manages Assets Under Management (AUM) of over Rs. 1,00,000 Cr and operates a distinctive phygital model—combining high-touch engagement across 13,000+ pin codes with high-tech capabilities including machine learning models, agentic AI tools and real-time dashboards. In retail lending, Piramal Finance offers home loans, loans against property, used car loans, personal loans, digital loans and small business loans, with a strong focus on metro-adjacent, semi-urban and rural markets. In wholesale lending, the company provides asset-backed, data-driven solutions across real estate and select non-real estate sectors, with a focus on mid-segment residential projects and capital solutions for mid-market corporates. With its digital-first approach and AI-enabled platforms, Piramal Finance is committed to expanding access to affordable credit and driving inclusive growth across India.

For more information visit: piramalfinance.com.

About Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately USD 1.4 trillion in assets under management as of December 31, 2022, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better by creating financial opportunities for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years.

For more information, please visit news.prudential.com

For working professionals and families, managing multiple standalone policies for each of these risks is often expensive and disorganized. This is where insurance riders become essential.

Riders are optional coverage features that attach to a base policy to expand its scope. They allow policyholders to address specific vulnerabilities, like critical illness or accidental disability, without juggling multiple separate plans. Effectively, riders transform standard insurance into a customized, comprehensive safety net. They are straightforward, easy to acquire, and significantly more affordable than buying independent policies for every risk.

Here are the key benefits of Insurance riders:

• Cost-Effective Customization: Everyone’s risk profile is unique. Riders allow you to tailor coverage based on your health, lifestyle, and family needs. Because they are add-ons, they provide maximum protection without straining your budget.

• Enhanced Crisis Support: Certain riders offer vital financial lifelines. Accidental death or disability riders can triple the base policy's payout, while income benefit riders ensure your family receives steady financial support if the primary earner cannot work.

• The Waiver of Premium Lifeline: This crucial rider waives all future premium payments if the policyholder faces a critical illness or permanent disability. It ensures the policy remains active, keeping long-term goals like a child's education secure.

• Tax Efficiency & Convenience: Bundling coverage under one policy eliminates administrative headaches. Furthermore, rider premiums often qualify for deductions under Section 80C or 80D, reducing your overall taxable income.

Here are the top riders that one can consider:

• Critical Illness: Delivers a lump-sum payout upon diagnosis of serious conditions like cancer or stroke.

• Accidental Death & Disability: Provides extra financial support if an accident causes fatality or permanent loss of income.

• Waiver of Premium: Maintains your coverage by pausing premium requirements during a major health crisis.

• Income Benefit: Supplies a regular stream of income to beneficiaries to help manage daily living costs.

In conclusion, Insurance riders bridge critical protection gaps, ensuring your coverage matches real-world risks. Instead of just buying basic insurance, utilizing riders helps complete your financial puzzle, providing true resilience when life takes an unexpected turn.

Sameer Yogishwar, Chief Operating Officer, HDFC Life
 

Futurance is the flagship open innovation initiative by HDFC Life, in its seventh phase now, aimed at collaborating with high-potential startups to solve real-world business challenges in the insurance ecosystem. It is an ongoing corporate engagement program that brings together startups, ecosystem enablers, and internal teams to co-create next-generation solutions. The initiative focuses on identifying innovative startups, evaluating their capabilities, and enabling meaningful collaborations through pilot opportunities and long-term partnerships.
 

Speaking on the initiative, Sameer Yogishwar, Chief Operating Officer, HDFC Life, said, “Innovation has always been a key growth driver at HDFC Life and we are continuously looking at staying ahead of the curve. Futurance is one such initiative to engage with the startup eco-system and collaborate towards introducing and adopting new tech designed for the insurance sector. The latest edition was AI focused and I’m excited about the outcomes as they will enable HDFC Life deliver enhanced operational efficiency and elevate customer experience.”
 

The seventh edition of Futurance focused on key technology-led use cases, including:

• Auto Code Generator

• AI-enabled Audio/Video Creation

• Site Reliability Engineering (SRE)

It saw strong participation starting with around 280 applications, then 48 startups being shortlisted, to finally five startups, making it to Futurance Demo Day. They were:
 

1. Cyberultron Consulting Private Limited

2. Divum.AI 

3. Nife Labs

4. TalentBerry (Skynetic Ventures LLP)

5. Telosa Services Pvt Ltd

They presented to the HDFC Life jury including both senior leadership and business stakeholders. After a detailed pitch and query resolution session, Telosa Services Pvt. Ltd. and Divum.AI have have been shortlisted to move ahead and share a POC with the Company, soon.
 

Commenting on the collaboration, Anish Patil, Principal, Z47, said, “AI is opening up extraordinary possibilities in insurance - from faster claims processing to hyper-personalised products and smarter underwriting, which can dramatically improve efficiency and customer experience. Indian insurers are moving decisively to build the modern, modular backends that can fully harness this potential. Our work with HDFC Life reflects a shared excitement: the companies that invest in this technology backbone today will define the future of Indian insurance. It's a massive value creation opportunity and we at Z47 look forward to being a part of it.”
 

Adding to this, Anand Sri Ganesh, CEO, NSRCEL, IIM Bangalore, said, “Our collaboration with HDFC Life through Futurance Phase 7 reflects a shared commitment to bringing innovative startup solutions into large enterprises. At NSRCEL, IIM Bangalore, we have worked closely with the HDFC Life team to identify promising technology startups that can address real business use cases across the insurance value chain. The Demo Day marks an important milestone in this journey, where selected startups will showcase solutions with the potential to drive meaningful transformation for the industry.”

As part of its ‘Chuniye Bharosa, Apno Sa’ campaign, SBI General Insurance has launched a new film highlighting the importance of health cover for families

India is witnessing a steady rise in lifestyle-related health concerns and medical inflation, increasing the financial burden on households during emergencies. Recent government data released through the National Statistical Office’s (NSO) 80th round health survey showed that an average hospitalisation in the country now leads to an out-of-pocket expenditure of over Rs. 34,000 for households, underlining the significant financial burden medical emergencies can create for families despite growing health insurance penetration.

Featuring Pankaj Tripathi, the film is rooted in the realities of everyday life. It vividly reflects the daily hustle, long commutes, demanding workdays, and sacrifices people make to secure a better future for their families. Through an emotional and relatable narrative, the film reminds viewers that while they work tirelessly for their loved ones, they often overlook a key priority protecting the health and financial well-being of their families and securing the future of those who matter most. The campaign reinforces the importance of choosing trusted and adequate health insurance support during uncertain times.

Speaking on this, Rathin Lahiri, Head - Marketing & CSR, SBI General Insurance said, “Healthcare preparedness today is about more than just owning an insurance policy. For salaried individuals with family responsibilities, setting aside at least 2% of annual income towards insurance can be a prudent step to address changing health needs and rising medical costs. Through our Chuniye Bharosa, Apno Sa campaign, featuring Pankaj Tripathi as brand ambassador, we wanted to reflect the everyday efforts people make for their loved ones while encouraging a more proactive approach to protecting their family’s health and financial well-being. The campaign underscores the importance of choosing coverage that genuinely supports families during uncertain times.” 

Health insurance today is evolving beyond emergency financial support to become an important pillar of long-term healthcare and financial preparedness for families. Planning ahead through adequate health coverage can often help families navigate medical uncertainties more confidently while reducing financial strain during emergencies.

SBI General Insurance continues to offer customer-centric health insurance solutions designed to support individuals and families with comprehensive coverage and flexible benefits. Its recently launched Health Alpha plan offers customisable coverage options, cashless hospitalisation across an extensive hospital network, preventive healthcare benefits, coverage for modern treatments, and seamless claims assistance, helping customers choose protection suited to their evolving healthcare needs.

Below are the links for the video:

YouTube: youtu.be/hJEl7oFQqTA?feature=shared

LinkedIn:tinyurl.com/rbyrsvvn

Instagram:www.instagram.com/reel/DYOijkjtFLy/?igsh=Zjd3cjkweW5ieTg4
Twitter: x.com/sbigeneral/status/2054080811524309221?s=46
Facebook:www.facebook.com/share/r/1H4XS4jStf/?mibextid=wwXIfr

About SBI General Insurance

SBI General Insurance, one of the fastest-growing private general insurance firms, backed by the robust support of SBI, upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence in 146 branches.

The company received numerous prestigious accolades, showcasing its excellence across various domains. Key honors include being named as the Domestic General Insurer of the Year – India and Claims Initiative of the Year – India at Insurance Asia Awards 2025 Singapore, Large General Insurance category at the Mint BFSI Summit & Awards, the 3rd InsureNext Awards 2024 for Best Claims Settlement, and India’s Best General Insurer of the Year at the 7th Insurance Conclave Awards. At the India Insurance Summit & Awards 2024, the company secured titles for General Insurance Company of the Year and Leading Implementer of Analytics Technology in Insurance. Additionally, it was honored as the Best BFSI Brand at the ET NOW Best BFSI Brands Conclave 2024 and included in BW BusinessWorld’s India’s Most Respected Companies. Certified as a Great Place to Work in 2024, the company also excelled at the ETBFSI Exceller Awards 2024 with recognition for Best Claims Management in Insurance and Best CSR Campaign of the Year, further highlighting its commitment to social responsibility and  innovation.

With a team of over 9,000+ employees and our multi-distribution model covering Bancassurance, Agency, OEM, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network that includes over 22000+ SBI branches, plus agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.

SBI General Insurance posts robust performance and consistent growth in FY26, supported by improved underwriting and a diversified portfolio

SBI General Insurance continues to focus on maintaining a balance between growth and profitability in a dynamic operating environment. The Company grew at 1.6 times the industry growth rate, further strengthening its market position. Additionally, the Company gained 27 basis points improvement in private & SAHI market share from 6.90% in FY 25 to 7.17% in FY26, reflecting sustained growth momentum and strong execution capabilities. Growth during the year was supported by key segments, with Health 27%, Motor 16%, Personal Accident (PA) 40%, and Fire 10%. The diversified business mix continues to support resilience and consistent performance. SBI General Insurance continued to lead the Personal Accident (PA) segment, maintaining its position as the No. 1 in private and SAHI insurer.

This year, the Company demonstrated improved underwriting performance, with the loss ratio improving to 78.3% in FY26 from 82.4% in FY25. Profit After Tax (PAT) stood at INR 553 crores, compared to INR 509 crores in FY25. In terms of financial position, the Company’s solvency ratio stood at 1.90 times, well above the regulatory requirement, highlighting its strong capital position.

Commenting on the Company's performance, Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “Our FY26 performance reflects our continued focus on growing faster than the market consistently while strengthening our core business & growing profit responsibly. At SBI General Insurance, we are focused on improving accessibility to insurance solutions and making protection more inclusive and easier to access for customers across segments and geographies. As we move forward, we remain committed to expanding reach, deepening insurance penetration, and building a future-ready organization.”

Mr. Jitendra Attra, CFO, SBI General Insurance, added, “Our financial performance reflects strong underwriting discipline and continued focus on operational efficiency. The improvement in loss ratio demonstrates the effectiveness of our risk selection and claims management practices. We will continue to focus on capital efficiency, prudent risk management, and delivering consistent financial performance in a dynamic operating environment.”

SBI General Insurance continues to build on its growth trajectory through targeted investments in technology, product innovation, advanced analytics, and customer-centric solutions. The Company is also expanding its presence across India by strengthening distribution networks, deepening reach in Tier 2 and Tier 3 markets, and enhancing accessibility through various channels. Backed by a diversified business mix and disciplined execution, SBI General Insurance is well positioned to sustain profitable growth and further consolidate its standing in the Indian general insurance sector.

About SBI General Insurance

SBI General Insurance, one of the fastest-growing private general insurance firms, backed by the robust support of SBI, upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence in 146 branches.

The company received numerous prestigious accolades, showcasing its excellence across various domains. Key honors include being named as the Domestic General Insurer of the Year – India and Claims Initiative of the Year – India at Insurance Asia Awards 2025 Singapore, Large General Insurance category at the Mint BFSI Summit & Awards, the 3rd InsureNext Awards 2024 for Best Claims Settlement, and India’s Best General Insurer of the Year at the 7th Insurance Conclave Awards. At the India Insurance Summit & Awards 2024, the company secured titles for General Insurance Company of the Year and Leading Implementer of Analytics Technology in Insurance. Additionally, it was honored as the Best BFSI Brand at the ET NOW Best BFSI Brands Conclave 2024 and included in BW BusinessWorld’s India’s Most Respected Companies. Certified as a Great Place to Work in 2024, the company also excelled at the ETBFSI Exceller Awards 2024 with recognition for Best Claims Management in Insurance and Best CSR Campaign of the Year, further highlighting its commitment to social responsibility and innovation.

With a team of over 9,000+ employees and our multi-distribution model covering Bancassurance, Agency, OEM, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network that includes over 22000+ SBI branches, plus agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.

As Indian families plan for longer life expectancies, evolving responsibilities and rising financial needs, the demand for stable and predictable income solutions is growing. The PNB MetLife RISE plan is an individual, non‑linked, non‑participating savings life insurance product designed to combine guaranteed* income with comprehensive life cover, helping customers build long‑term financial preparedness for key life milestones with confidence and certainty.
 

The PNB MetLife RISE Plan offers customers the flexibility to choose between two plan options - Smart Income and Smart Income Pro- allowing them to decide when their guaranteed income begins and how they wish to receive it, while remaining protected throughout the policy term.
 

Under the Smart Income option, guaranteed income^^ begins from a customer‑chosen start year, between the 1^st and 5^th policy year, and continues until maturity, as per the selected payout mode and frequency.
 

Under the Smart Income Pro option, customers receive an instant cashback***, where a portion of the first‑year premium is returned within 30 days of first‑year premium realization after policy issuance. Guaranteed income^^ under this option starts from the 2^nd policy year and continues until maturity.
 

In both options, a lump‑sum maturity benefit (return of premiums) is payable, provided the policy remains in force and all due premiums are paid.
 

Once selected, the plan option cannot be changed during the policy term.
 

 Key benefits of the plan:

• Comprehensive life protection: Life cover for the entire policy term, with optional riders such as PNB MetLife Accidental Death Benefit Rider Plus (UIN: 117B020V04) and PNB MetLife Serious Illness Rider (UIN: 117B021V04), available at nominal cost**

• Flexible premium payment options: Premium payment terms ranging from 5 to 12 years

• Choice of income payout mode: Option to receive income in advance or in arrears, as per customer preference

• Tax benefits: Premiums paid and benefits received may be eligible for tax benefits, as per prevailing tax laws

• Survival benefit accumulation option: Customers may choose to accumulate survival benefits at 3% p.a., compounded monthly

Commenting on the launch, Sameer Bansal, MD& CEO, PNB MetLife said, “We believe that long‑term financial security is built on certainty, discipline, and protection. With the launch of the PNB MetLife RISE Plan, we are bringing together guaranteed income and life insurance protection to help customers plan for important life milestones with greater confidence. In an environment where families increasingly value steady cash flows and financial preparedness, PNB MetLife RISE reflects our commitment to enabling customers to stay Always Ready for Life.”

The PNB MetLife RISE Plan allows entry from 30 days of age^, with a maturity age^ ranging from 20 to 85 years. Annualized premiums start at Rs. 24,000, with no upper limit, subject to the Board‑Approved Underwriting Policy (BAUP). The plan offers a maximum Guaranteed Income payout period of 40 years.
 

About PNB MetLife India Insurance Company Limited

PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India that combines the financial strength of MetLife, Inc. with the credibility of PNB, one of the India's oldest nationalized banks. PNB MetLife’s positioning, Always Ready for Life, is demonstrated through empowering every individual to lead their life with absolute confidence.

With a strong presence in 182 offices and access to customers in over 20,000 locations through bank partnerships, PNB MetLife offers a comprehensive insurance solutions portfolio covering Child Education, Family Protection, Long-Term Saving and Retirement. The Company has a wide range of protection and retirement plans available through its sales channel of over 36,000 financial advisors and multiple bank partners and caters to over 585 group relationships in India.
 

For more information, follow us on:

Facebook - www.facebook.com/PNBMetLife

Instagram - www.instagram.com/pnb_metlife or visit - www.pnbmetlife.com

* The Guaranteed Benefits are applicable only if all due premiums are paid

^^Guaranteed Income varies by Plan Option, Sum Assured multiple, Premium Paying Term, Policy Term,

Guaranteed Income Start Year, Guaranteed Income Payout Period, Cashback% and Entry Age

^ Reference to age as on age last birthday

** Costs/ charges related to rider(s) & not included in the base policy premium & will be payable separately. T&C applied

***The cashback ranges from 5% to 50% of the first-year annualized premium (in multiples of 5%)

Axis Max Life ranks #1 in customer experience amongst Life Insurers in India: Hansa Research’s Life Insurance CuES 2026

Axis Max Life’s leadership in Life Insurance CuES 2026 reflects its deliberate shift from delivering process consistency to building customer advocacy by deepening customer engagement and personalizing interactions across the policy lifecycle. Using AI and analytics‑led segmentation, the Company tailors onboarding, service, and renewal journeys based on customer behaviour and needs rather than a one-size-fits-all approach. Digital-first platforms such as ‘DigiSaarthi’ enable flexible, self‑served and assisted journeys, while Gen AI‑powered service and speech analytics help prioritize requests, personalize renewal conversations and deliver faster, more relevant resolution - strengthening trust and advocacy at key moments that matter. Nearly 90% of customer interactions are now powered by intelligent, digital‑first channels. The Company’s Customer App offers an experience that simplifies renewals with single-tap payments and AI-driven reminders, boosting customer lifetime value.

The Company has redefined turnaround times at scale. Around 70% of customer queries and requests are now resolved within 48 hours, and 97% of policy benefits are processed on the same day. A substantial portion of this improvement is driven by our Gen AI-powered email bot, which handles over 25% of customer emails.

The Company has also maintained its claims-paid ratio consistently above 99% for the past 5 years, achieving its highest-ever 99.70% in FY2025.

Sumit Madan, Managing Director & Chief Executive Officer, Axis Max Life Insurance, said: “In an industry where customer advocacy is earned, not assumed, Axis Max Life is setting the benchmark by combining sharper segmentation, deeper engagement, and experience design anchored in moments that truly matter. Our #1 ranking in Hansa Research’s Life Insurance CuES 2026 is a strong validation of our focused effort to move beyond customer satisfaction to build genuine advocacy. By leveraging digital technology and data analytics, engaging more meaningfully at critical touchpoints, and re‑imagining journeys across onboarding, renewals, claims, and service resolution, we are creating an insight‑led, cloud‑native customer experience; one that is built on trust, delivers with speed, and is guided by empathy.”

This recognition adds to Axis Max Life’s growing portfolio of accolades for customer experience excellence, including national‑level honors for digital transformation and AI‑led transformation. Together, these reflect the Company’s sustained investments in building a future-first organisation driven by trust, insight, and operational excellence.

About Axis Max Life Insurance Limited (https://www.axismaxlife.com)

Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a Joint Venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited. Axis Max Life offers comprehensive protection and long‑term savings life insurance solutions through its multi‑channel distribution, including agency and third‑party partners. Over two decades, the Company has built its operations on a need‑based sales process, a customer‑centric engagement model and trained human capital. As per audited financials for FY2024‑25, Axis Max Life recorded a gross written premium of INR 33,223 crore.

IRDAI Registration No.: 104
Company Information Number: U74899HR2000PLC143012

Pritika Shah – Head of Marketing, HDFC Life

Pritika Shah, Head-Marketing, HDFC Life, said, "Given India’s diversity, we have been building our brand through culturally relevant region focused efforts in India. This association with Kolkata Knight Riders continues that journey for us. KKR’s fantastic following gives us an opportunity to deeply connect with households across the country, especially in the East.”

Binda Dey, Chief Marketing Officer, Knight Riders Sports, said, “We are delighted to welcome HDFC Life as our Official Partner for IPL 2026. The most meaningful partnerships are those built on shared values, and HDFC Life’s ethos of pride and respect strongly reflects what KKR stands for as a team. Just as our fans trust us to give our all on the field, HDFC Life empowers millions of Indians with the confidence to face life beyond it. Together, we look forward to a collaborative partnership that creates memorable moments and resonates deeply with fans across the country.”

Over the course of this association, HDFC Life will roll out a series of high‑impact visibility and engagement led promotions across digital, social, on-ground and other touch points in collaboration with Kolkata Knight Riders.

HDFC Life has launched regional findings related to the West region of India, based on insights from its ‘Ready for Life Index’ (RLI) study. 

Mr. Vineet Arora, Executive Director and Chief Business Officer, HDFC Life

The Ready for Life Index 2025 is a proprietary research initiative by HDFC Life, conducted in partnership with Ipsos India. Based on 1,836 face-to-face interviews with working men and women aged 25–55 years across metros, Tier 2, and Tier 3 cities, the study evaluates India’s life readiness across four key pillars — Financial Planning, Emergency Preparedness, Health & Well-being, and Retirement Strategy.

The index aims to bridge the gap between perception and preparedness, encouraging a shift from short-term saving to structured, long-term financial planning.

The findings of West region reflect national readiness values, with key regional competencies existing in diversified investment and protection awareness. West India shows an index score of 59 in the Ready for Life Index, which is equal to the average for the whole country. West India, however, has an opportunity gap of 29 points in the context of perceived versus actual action, which highlights high financial confidence with an opportunity for greater readiness in areas like retirement planning.

Emergency preparedness in West India presents a mixed picture. This region has a near-equal number of people with and without an emergency corpus.  Among those who have built a corpus, access and adequacy are relatively stronger; over two in five respondents can access their emergency funds within 48 hours, while nearly half indicate that their savings could sustain expenses for more than four months. These findings indicate the need for stronger emergency preparedness planning through proper procedures, which can also lead to a shift toward healthier practices.

Children’s education and funding are priorities for the West region along with highest ownership of Term insurance 

Financial planning priorities in the West remain well in line with national trends, with children's education remaining the number one savings priority. Worth mentioning is that funding or scaling up business remains one of the primary goals.

• Consumers in West India have the most diversified financial portfolios among the various regions, with high ownership levels for health insurance, mutual funds, and stocks.

• The region also reports the highest ownership of term insurance, underlining strong awareness of protection needs. 

• Key triggers for buying term insurance include protection of the family's future, high cover affordability, and life-stage changes like marriage or parenthood. 

• Medical underwriting concerns, lack of benefit awareness, and discomfort with mortality contemplation continue to guide decision-making and point to further needs for engagement and education.

Retirement Planning needs focus

In terms of retirement planning the West region reflects a stronger focus on short-term goals, with nearly two-thirds of respondents indicating that they have not yet started planning for retirement. However, among those who have planned, there is greater realism around long-term needs.

• A significant proportion recognises the need for a retirement corpus of up to ₹3 crore, and more than half believe their savings could last for over 20 years. 

• The region also reflects better awareness of increasing medical costs, anchored by a strong focus on health insurance as part of retirement strategy.

Vineet Arora – Executive Director & Chief Business Officer, HDFC Life, elaborated more on the insights for the West Zone, “The study highlights that for the West region of India, financial readiness, diversification, and awareness of risk solutions – all are in balance. In the HDFC Life Ready for Life Index, there is an opportunity to leverage these strengths by encouraging more people to begin retirement savings and emergency preparation earlier. With evolving financial needs, awareness to action will be crucial in developing financial resilience.”

HDFC Life recognised in the 'Leadership' category of the Indian Corporate Governance Scorecard, assessed by Institutional Investor Advisory Services (IiAS)
 

This milestone reflects HDFC Life's continued commitment to transparency, accountability, and exemplary Corporate Governance practices. The recognition in the ‘Leadership’ category marks a significant milestone for Corporate Governance in HDFC Life as the Company completes 25 years of its journey.

Speaking on the recognition, Narendra Gangan, General Counsel & Chief Compliance Officer, HDFC Life, commented, "We are truly honoured to be recognised in the 'Leadership' category of the Indian Corporate Governance Scorecard. It reflects the collective effort of every individual at HDFC Life to uphold the highest standards of Corporate Governance. For us, Corporate Governance is not merely a compliance obligation rather it is a core value that shapes every decision we make. This recognition inspires us to hold ourselves to an even higher standard as we continue to serve millions of Indian families."

The Indian Corporate Governance Scorecard framework was developed jointly by IFC, BSE, and IiAS. It is anchored in the G20/OECD Principles of Corporate Governance and has been in use since 2015. The assessment covers BSE 100 companies and is widely regarded as a benchmark for governance excellence in India.

Working Women Record Uptick in Retirement Preparedness, Though Emotional Concerns about loneliness Persist, says Axis Max Life’s India Retirement Index Study 5.0

The Retirement Index score for women stands at 49 (out of 100) in 2025, close to the national score of 48. Notably, the index has risen from 44 in 2022 to 49 in 2025, marking a five-point increase, which is slightly above than the overall national growth over the same period from 44 in 2022 to 48 in 2025.

Sumit Madan, CEO and Managing Director, Axis Max Life Insurance, said, “The ‘Health-Wealth’ focus is no longer theoretical; it’s becoming the new standard for retirement preparedness. While women are leading the charge in overall readiness, we recognize that their health preparedness is also growing year-on-year. As life insurers we have also made it our priority to refine our retirement solutions by embedding proactive health and lifestyle features that help our policyholders maintain their vitality throughout their silver years.”

Key Findings of the Women Cohort

• Health Preparedness: The study, conducted in partnership with Kantar, women’s Health Preparedness Index rose from 40 (2022) to 47 (2025), marginally outperforming the national growth rate (41 (2022) to 46 (2025).

• The Emotive Index: Despite health-wise uptick, psychological preparedness is unsteady. The Emotional Preparedness Index for women dropped from 60 to 58 over the same period. This dip was slightly sharper than their male counterpart which remained stable at 59. 

• The Loneliness Factor: The fear of loneliness has increased among women—from 69% to 74%— at a time when the all-India level has remained unchanged, indicating a growing emotional sensitivity within this cohort.

In line with gains in the Health Index, the share of women undergoing regular or occasional health check-ups has risen from 57 percent in 2022 to 60 percent in 2025, ahead of the national average of 55 percent. Nearly 43 percent of women report engaging in daily physical workouts, in line with all India average.

Confidence about future well-being has also strengthened. The proportion of women who believe they will remain fit and healthy during their retirement years has increased marginally from 79 percent in 2022 to 82 percent in 2025, moving ahead of the broader national sentiment, which has largely plateaued.

That said, formal risk protection continues to evolve. Health insurance adoption among women has grown from 42 percent in 2022 to 48 percent in 2025, though the pace trails the national growth rate from 43 percent to 50 percent.

Emotional Preparedness Reflects Emerging Sensitivities
Despite the uptick in health index, emotional anxieties continue to influence retirement perceptions among women.

Concerns around financial and environmental security remain largely stable among women. Around 73 percent worry about financial dependence on children, and 79 percent remain concerned about the impact of changing environmental conditions on their retirement years, suggesting persistent but not escalating anxieties.

The proportion of women who feel totally secure about receiving familial support in retirement has increased directionally from 49 percent in 2022 to 53 percent in 2025, in line with the national growth rate from 51 percent to 55 percent.

Read more about the India Retirement Index Study: www.axismaxlife.com/iris-india-retirement-study-index 

About India Retirement Index Study 
India Retirement Index Study is an annual retirement study by Axis Max Life conducted in partnership with KANTAR. The study evaluates India’s readiness for a healthy, peaceful, and financially secure retirement across three indices Financial, Health, and Emotional Preparedness each measured on a scale of 0 to 100. The fifth edition surveyed 2,242 respondents across 28 cities, including new segments such as gig workers.

About Axis Max Life Insurance Limited (https://www.axismaxlife.com)
Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a Joint Venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited. Axis Max Life offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per annual audited financials for FY2024-25, Axis Max Life has achieved a gross written premium of INR 33,223 Cr.

IRDAI Registration. No – 104
Company Information Number - U74899PB2000PLC045626

About Kantar 
Kantar is the world’s leading marketing data and analytics business and an indispensable brand partner to the world’s top companies. We combine the most meaningful attitudinal and behavioural data with deep expertise and advanced analytics to uncover how people think and act. We help clients understand what has happened and why and how to shape the marketing strategies that shape their future. To know more, visit www.kantar.com 

Pramerica Life Insurance Launches 'Rising Bharat Fund'

The Pramerica Rising Bharat Fund seeks to achieve long-term capital appreciation by investing in a diversified portfolio of midcap companies selected from a universe of top 150 midcap stocks. The strategy follows a structured investment framework that combines Quality and Momentum factors to identify financially strong businesses and companies demonstrating sustained earnings growth and positive price trends.

Midcap companies represent a dynamic segment of India’s listed equity universe and often evolve into the large-cap leaders of the future as they scale operations and expand market share. They also play a pivotal role in driving economic activity, employment generation, and industrial growth across India’s Tier II and Tier III cities. While the segment offers strong growth potential, it can also experience higher volatility compared to large-cap stocks. The Pramerica Rising Bharat Fund incorporates a disciplined investment framework aimed at capturing long-term opportunities while maintaining a balanced risk-return approach aligned with the investment horizon of ULIP policyholders.

Speaking on the launch, Pankaj Gupta, Managing Director & CEO, Pramerica Life Insurance, said, “India’s growth story is increasingly being written by high-quality mid-sized enterprises that are scaling rapidly as the economy formalises. Through the Pramerica Rising Bharat Fund, we aim to provide policyholders a disciplined way to participate in this next wave of growth, supported by a structured Quality and Momentum investment framework. This launch reflects our commitment to combining the wealth-creation potential of India’s evolving economy with the long-term protection our customers trust us to provide.”

Adding further, Abhishek Das, Chief Investment Officer, Pramerica Life Insurance, said, “Midcaps have always been powerful long-term wealth creators, but they can also experience higher volatility and drawdown risks in the short term. The Pramerica Rising Bharat Fund combines Quality and Momentum factors within a disciplined investment framework to build a resilient portfolio aligned with long-term ULIP investors. By blending financially stable businesses with companies benefiting from emerging trends and positive performance momentum, the fund seeks to deliver a balanced investment experience across market cycles.”

The Fund offers policyholders exposure to some of the fastest growing companies in one of the world’s fastest growing major economies, while being managed in accordance with regulatory and Pramerica Life’s internal investment governance standards applicable to ULIP funds.

About Pramerica Life Insurance Limited
Pramerica Life Insurance Limited is a joint venture between DIL, a wholly owned subsidiary of Piramal Finance Limited (erstwhile Piramal Capital and Housing Finance Limited) and Prudential International Insurance Holdings, Ltd. (PIIH), a fully owned subsidiary of Prudential Financial, Inc. (PFI). It represents the coming together of two renowned financial services organizations with a legacy of business excellence spread over decades. Pramerica Life Insurance Limited, started operations in India on September 1, 2008 and has a pan India presence through multiple distribution channels which have been customized to address the specific insurance needs of diverse customer segments. The Company is committed to providing protection and quality financial advice to its customers. Pramerica is the brand name used in India and select countries by PFI.

For more details, please visit www.pramericalife.in

About Piramal Capital & Housing Finance Limited
Piramal Capital & Housing Finance Limited (referred as Piramal Finance), a wholly owned subsidiary of Piramal Enterprises Limited (flagship company of the Piramal Group), is a housing finance company engaged in retail and wholesale lending. In retail lending, Piramal Finance is one of the leading players that addresses the diverse financing needs of the under-served and unserved people of ‘Bharat’ market. It has over 1 million customers and a network of branches across 318 cities/towns in 27 states. It offers multiple products, including home loans, loan against property, used car loans, small business loans to Indian budget conscious customers at the periphery of metros and in Tier I, II and III cities. In wholesale lending, it caters to both real estate as well as non-real estate sector and offers multiple products including construction finance, structured debt and senior secured debt.

For more information visit: piramalfinance.com

About Prudential Financial, Inc.
Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of December 31, 2022, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better by creating financial opportunities for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years.

For more information, please visit news.prudential.com

Sample Certificate Image

With the Indian mobility sector gradually shifting towards cleaner and more sustainable options, USGI aims to promote environmentally responsible choices among its customers while also making a significant contribution to environmental renewal. One tree will be planted for every eligible policy issued under this initiative.

Commenting on this initiative, Mr. Sharad Mathur, Managing Director & CEO, Universal Sompo, said, “For us, insurance is not just about securing assets, but also safeguarding the world we live in. Through this initiative, we are not only acknowledging and rewarding our customers for choosing hybrid and electric vehicles but also working towards protecting our environment. By planting a tree for every eligible policy, we are building a collective heritage of sustainability with our customers and partners.”

Commenting on this initiative, Mr. Takayuki Ueda, Managing Director, CEO of Toyota Tsusho Insurance Broker India Pvt Ltd, said, “Our collaboration with Universal Sompo General Insurance represents a shared vision where business growth and environmental stewardship go hand in hand. By awarding tree-planting certificates to our motor insurance customers, we are transforming a standard policy purchase into a meaningful contribution toward a greener planet."

The program will be implemented in partnership with Grow-Trees. Trees will be planted and marked digitally, and every policyholder will receive a joint digital plantation certificate as recognition of their contribution. The certificates will be dispatched to Universal Sompo for final delivery to the customers.

USGI extended an invitation to Toyota hybrid and electric vehicle owners to be part of their sustainability journey and make a positive difference in the environment i.e, one policy and one tree at a time.

About Universal Sompo General Insurance
Universal Sompo is a joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and a global insurer SOMPO. The company is headquartered in Mumbai and has 142 offices nationwide, with representation through its digitally enabled employees across over 300 cities. It has a strong distribution network of agents, point of salespersons, bank branches, automobile dealers, brokers, common service centres, and digital platforms/ e-commerce players. The company offers 181 IRDAI-approved products, and 2049 add-on covers, ranging from motor, accident & health, home insurance, shopkeepers’ packages, crop and other non-life packages for SMEs, fire, marine, engineering, employee benefits, project insurance, liability, and other special products for Corporates. Microinsurance covers the rural segment.

Build a legacy of values and financial security

Rising costs and evolving dreams have made planning for the future more important than ever, especially for parents. The campaign reinstates HDFC Life’s commitment to standing by families as they insure with confidence, and empowering them secure their dreams without any compromise. With a universal messaging featuring a family and their journey of pride, the campaign aims to connect with audiences across all segments.

A legacy of Values & Financial Security!

Click here to watch the campaign link: www.youtu.be/kguKJfB4eIc

Commenting on the campaign, Pritika Shah, Head – Marketing, HDFC Life, said, “Parents play a crucial role in shaping their child’s future, both emotionally and financially. In today’s world, children are over exposed to several forms of content which may, sometimes, also impact their habits and mindsets in a not-so-desirable manner. With our latest campaign, we at HDFC Life are highlighting the key role parents play in influencing their children with the right values and mindset.” She added, “We believe that when families are financially prepared they are empowered to live with dignity, self-respect and pride; and pass on the legacy of values and financial security to the next generation.”

“Our film brings to life a very poignant insight – often children are easily embarrassed by their parents and their choices, only to recognise the true value of their actions later in life. We hope our film resonates with all parents who want to bring up their children with the right set of values”, said, Vikram Pandey, Chief Creative Officer, Leo - South Asia.

The campaign is currently live across multiple high-visibility media platforms - across 70+ TV channels in nine languages - supported by a strong digital presence spanning social media platforms.

Further, it has also been amplified with Print ads across major business publications, along with robust pan India Outdoor campaign spanning 60+ cities.

About HDFC Life 
Established in 2000, HDFC Life is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity and Health. The Company has over 70 products (individual and group products) including optional riders in its portfolio, catering to a diverse range of customer needs. HDFC Life continues to benefit from its increased presence across the country, having a wide reach with branches and additional distribution touchpoints through several new tie-ups and partnerships. The count of distribution partnerships is over 500, comprising banks, NBFCs, MFIs, SFBs, brokers, new ecosystem partners amongst others. The Company has a strong base of financial consultants. For more information, please visit www.hdfclife.com. You may also connect with us on Facebook, Twitter, YouTube and LinkedIn.

The partnership will enable Muthoot FinCorp Ltd.’s customers access HDFC Life’s comprehensive suite of Group and Individual life insurance solutions including range of protection and long-term savings products to meet their long-term financial goals. These will be offered through Muthoot FinCorp Ltd.’s extensive network of 3750+ branches pan-India as well as through its digital platform.

Vibha Padalkar and Shaji Varghese

Speaking on this partnership, Vibha Padalkar – Managing Director & CEO, HDFC Life said, “Our partnership with Muthoot FinCorp Ltd. marks an important step towards achieving the industry’s goal of ‘Insurance for All by 2047’. We are committed to offering Muthoot FinCorp Ltd.’s valuable customers, both existing and new, effective life insurance solutions that will enable them to achieve their long-term financial goals. Furthermore, our seamless process integration will ensure teams across Muthoot FinCorp Ltd.’s touchpoints are digitally empowered to make the experience for themselves and their customers a delightful one. Through this partnership, we look forward to expanding the reach of life insurance and driving financial inclusion in the country.”

Mr Shaji Varghese, CEO, Muthoot FinCorp Ltd. said, “We are delighted to join hands with HDFC Life. Muthoot FinCorp Ltd. and HDFC Life are both built on deep customer trust. This partnership is about combining our reach of 3,750+ branches, digital platforms, our relationship depth with millions of customers, and HDFC Life’s product and risk expertise to create meaningful protection for Indian families.”

About Muthoot FinCorp Limited (MFL)

Muthoot FinCorp Limited, the flagship company of 138-year-old business conglomerate Muthoot Pappachan Group, is India's leading Non-Banking Financial Company (NBFC) with an aim to transform the lives of common man by ensuring their financial wellbeing through an array of varied products and services. The Company today offers more than three dozen products and services through its 3750+ branches across India and aims to serve the underbanked, to be their most trusted financial partner, and ensure financial inclusion of every household in India. Muthoot FinCorp's long-standing experience, expertise and stronghold in the semi urban and rural areas has enabled the company to provide quick & customized finance options to the masses.

About HDFC Life

Established in 2000, HDFC Life is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity and Health. The Company has over 70 products (individual and group products), including optional riders in its portfolio, catering to a diverse range of customer needs. HDFC Life continues to benefit from its increased presence across the country, having a wide reach with branches and additional distribution touch-points through several new tie-ups and partnerships. The count of distribution partnerships is over 500, comprising banks, NBFCs, MFIs, SFBs, brokers, new ecosystem, partners amongst others. The Company has a strong base of financial consultants. For more information, please visit www.hdfclife.com. You may also connect with us on Facebook, Twitter, YouTube and LinkedIn.

Pramerica Life TIMC Campaign

The campaign brings to the fore Pramerica Life’s core pillars of reliability that reflect the brand’s role in supporting customers over the long term. With a 99.18% claims paid ratio, the campaign underscores the brand’s focus on claims certainty and assurance. This commitment is reinforced by the scale of protection offered by Pramerica Life, which today safeguards the financial futures of crores of Indians, including lakhs of soldiers. Keeping in line with the company’s core value of putting the customer and their evolving needs at the forefront of everything they do, the campaign highlights innovations in their product offerings, like guaranteed 10% additions to the policyholders' ULIP funds, an industry-first feature that significantly boosts the compounding value of their long-term savings.

Speaking on the campaign, Amaresh Jena, Chief Marketing Officer, Pramerica Life Insurance, said, “At Pramerica Life Insurance, we've been on a steady climb towards growth over the years, crossing key milestones that empower us to stand stronger for our customers. This journey mirrors our customers’ own resilient climbs, and we're proud to walk alongside them as their trusted partner. ‘This Is My Climb’ remains a heartfelt brand platform for us, evolving from celebrating customers’ journeys to now weaving Pramerica Life’s own path towards steady and consistent growth into the narrative. Through this campaign, we are aiming to deepen emotional connections, boost brand awareness, and reinforce our salience, all while highlighting our commitment to our customers through qualities that they value most such as credibility, protection, and long-term assurance.”

The campaign will primarily leverage print media for broad reach, amplified by compelling social media and digital activations. With this latest chapter, Pramerica Life Insurance reaffirms its commitment to being more than just an insurer, remaining a trusted partner that continues to climb alongside its customers, every step of the way.

About Pramerica Life Insurance Limited

Pramerica Life Insurance Limited is a joint venture between DIL, a wholly owned subsidiary of Piramal Finance Limited (erstwhile Piramal Capital and Housing Finance Limited) and Prudential International Insurance Holdings, Ltd. (PIIH), a fully owned subsidiary of Prudential Financial, Inc. (PFI). It represents the coming together of two renowned financial services organizations with a legacy of business excellence spread over decades. Pramerica Life Insurance Limited, started operations in India on September 1, 2008 and has a pan India presence through multiple distribution channels which have been customized to address the specific insurance needs of diverse customer segments. The Company is committed to providing protection and quality financial advice to its customers. Pramerica is the brand name used in India and select countries by PFI.

For more details, please visit www.pramericalife.in

About Piramal Capital & Housing Finance Limited

Piramal Capital & Housing Finance Limited (referred as Piramal Finance), a wholly owned subsidiary of Piramal Enterprises Limited (flagship company of the Piramal Group), is a housing finance company engaged in retail and wholesale lending. In retail lending, Piramal Finance is one of the leading players that addresses the diverse financing needs of the under-served and unserved people of ‘Bharat’ market. It has over 5 million customers and a network of branches across 429 cities/towns in 26 states. It offers multiple products, including home loans, loan against property, used car loans, small business loans to Indian budget conscious customers at the periphery of metros and in Tier I, II and III cities. In wholesale lending, it caters to both real estate as well as non-real estate sector and offers multiple products including construction finance, structured debt and senior secured debt.

For more information visit: piramalfinance.com

About Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of February, 2025, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better by creating financial opportunities for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years.

According to The Longitudinal Ageing Study of India (LASI) 2021 report by the Ministry of Health & Family Welfare, only 28% seniors are aware of any concessions, schemes or benefits available for them, a mere 18% are covered by health insurance, and 78% live without pension cover. The fact that ~70% seniors are completely dependent on family and relatives for everyday needs despite various government schemes and emerging private sector solutions underlines the need for initiatives to further awareness about age-care services. The Antara-SUD Life partnership is a decisive step in that direction.

Ishaan Khanna, CEO, Antara Assisted Care Services, said, “We are pleased to collaborate with Star Union Dai-ichi Life Insurance to promote well-informed, proactive ageing, enabling seniors to lead healthier, more independent lives. Backed by the Max Group’s legacy in healthcare and the experience of developing one of India’s most comprehensive senior care ecosystems, Antara is uniquely positioned to help SUD Life Insurance customers and their families understand various facets of holistic wellness to secure their future.”

Mr. Abhay Tewari, MD & CEO, Star Union Dai-ichi Life Insurance, said, “​​We are delighted to partner with Antara to deliver a structured and holistic approach to senior citizen well-being, integrating financial security with overall wellness. At its core, this initiative is about helping people understand their choices and plan with more confidence. As longevity increases, such integrated solutions will play a critical role in helping individuals plan with confidence for the years ahead.”

As India’s foremost fully integrated senior care ecosystem with services spanning from award-winning residences to NABH-accredited Care Homes to D2C wellness website AGEasy, Antara will use its expertise, derived from serving over five lakh seniors, to craft digital-first, information-rich communication for SUD Life’s customers and employees. Antara experts will also lead webinars and on-ground engagements to further awareness about the different types of care needed through differing phases of ageing and the financial solutions and tools needed to equip seniors and their families. Insurance specialists from Star Union Dai-ichi Life Insurance curated and launched exclusive financial products that can be used by Antara customers.

India is at the cusp of a significant demographic shift. According to the JLL-ASLI 2024 report, the country’s senior population is poised to more than double from 156.7 million in 2024 to 347 million by 2050. UNFPA data projects that the population of people aged 80+ in India will grow by approximately 279% between 2022 and 2050, bringing with it complex challenges be they financial or care related. Addressing these requires integrated, scalable solutions that go beyond healthcare alone – a gap addressed by this tie-up between Antara Senior Care and SUD Life.

About Antara Senior Care

Launched in 2013, Antara is the senior-care business of Max India Limited, part of the $7-billion Max Group. It is an integrated ecosystem for senior care, operating in two main lines of business - Residences for Seniors and Assisted Care Services. Antara’s first senior residential community in Dehradun, comprising nearly 200 families, caters to their social, recreational, educational, wellness, and health-related needs. In the near future, it will open its second senior living community in Noida’s Sector-150, with families moving into the 340 apartments built in the first phase. Expanding its footprint in Gurugram, Antara will manage senior living residences, dedicated spaces for senior living, and primary healthcare services at Estate 360 and Estate 361, developed by Max Estates. Antara’s Assisted Care Services include Care Homes, Memory Care Home, Care at Home and AGEasy. This line of business caters to seniors, who need more immersive interventions in their daily lives due to medical or age-related issues. With seven facilities across Gurugram, Noida, Bengaluru and Chennai, Care Homes provide long-term care to seniors who require constant medical and nursing supervision, and short-term care services for the recuperation of seniors. Its Care at Home services, offered in Delhi NCR, Bengaluru and Chennai, provide well-equipped, trained professionals offering care to seniors inside their home’s comfort. AGEasy, an online and offline store focusing on senior-specific products and solutions to manage chronic health conditions at home, has touched over 5 lakh lives since inception in 2023.

About SUD Life Insurance
Star Union Dai-ichi Life Insurance (SUD Life), founded in 2009, is a powerful collaboration between two of India’s leading public sector banks, Bank of India, Union Bank of India, and Daiichi Life, Japan’s second-largest life insurer. Built on a strong foundation of trust and expertise, SUD Life serves over 15 million customers with Assets Under Management (AUM) of Rs. 31,069 Crores (as of 31st March 2025) through a strong network of over 20,000 distribution touch points, offering innovative and customer-centric solutions. SUD Life stayed ahead of the curve by enhancing its digital capabilities and customer service standards, achieving an individual Claim Settlement Ratio of 98.84% (as of 31st March 2025) and reducing the average claim settlement turnaround time to just 3.54 days, a powerful testament to the company’s operational excellence and customer-first approach. Star Union Dai-ichi Life Insurance (SUD Life) has established its IFSC Insurance Office (IIO) in Gujarat International Finance Tec City (GIFT City). This strategic expansion will enable SUD Life to offer foreign currency-denominated life insurance solutions to Resident Indian/Non-Resident Indian/Person of Indian Origin (PIO)/Overseas Citizen of India (OCI) customers.

Continuing its robust growth trajectory, the company reported a Gross Direct Premium (GDP) of INR 10,769 crore, recording a growth of 14.5%, exceeding the industry growth rate of 8.7%. The Ex-Crop business growth is 25.5% v/s industry growth at 13.1%.

The Company’s strong performance in 9M FY26 was driven by sustained growth across key lines of business like Health by 29%, Personal Accident (PA) by 49%, Motor by 19%, and Fire by 13%. Together, these segments reinforced the company’s focus on scalable growth, operational excellence, and customer-centric innovation. Additionally, the Company improved its market share among private & SAHI companies by 39 basis points from 6.25% in 9M FY25 to 6.64% in 9MFY26.

The Company reported a Profit After Tax (PAT) of INR 522 crore. The Loss ratio also improved significantly to 78.5% in 9M FY26 from 84.3% in 9M FY25. In addition, the solvency ratio stood at 2.12 times, well above the regulatory minimum of 1.50, underscoring the company's solid financial foundation.

Commenting on the Company's performance, Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, said “Our performance in 9M FY26 reflects the strength of the foundation we are building for the future. In 9M FY26, we’ve grown by 1.7 times faster than the industry and 1.9 times faster than Private & SAHI companies. The Company has recorded a GDP of INR 10,769 crore in 9M FY26. This growth is not just about scale, but about building a resilient, technology-led, and customer-centric insurance institution. We are focused on creating sustainable value by strengthening our core portfolios, deepening trust with customers, and expanding access to protection across India’s evolving risk landscape.”

Mr. Jitendra Attra, CFO, SBI General Insurance, added, “Our financial performance in 9M FY26 highlights the effectiveness of our risk management framework, operating discipline, and long-term financial strategy. The company has displayed a significant improvement in the loss ratio of 78.5% from 84.3% in the previous financial year. This is a testament to enhanced underwriting, improved risk selection, better claims management, and increased operational efficiency. Our focus remains on sustainable profitable growth, strengthening capital efficiency, and building a financially robust institution that delivers long-term value to all stakeholders in a dynamic market environment.”

SBI General Insurance continues to strengthen its growth momentum through focused investments in technology, product innovation, a consistent emphasis on customer experience, and disciplined operational execution. Supported by a well-balanced business portfolio and scalable platforms, the Company is building a stable foundation for long-term profitability while steadily expanding its market presence. 

About SBI General Insurance
 SBI General Insurance, one of the fastest-growing private general insurance firms, backed by the robust support of SBI, upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence in 146 branches. In FY 2024-25, SBI General Insurance reported a Gross Written Premium (GWP) of INR 14,140 crores, recording a YOY growth of 11.1%.

The company received numerous prestigious accolades, showcasing its excellence across various domains. Key honors include being named as the Domestic General Insurer of the Year – India and Claims Initiative of the Year – India at Insurance Asia Awards 2025 Singapore, Large General Insurance category at the Mint BFSI Summit & Awards, the 3rd InsureNext Awards 2024 for Best Claims Settlement, and India’s Best General Insurer of the Year at the 7th Insurance Conclave Awards. At the India Insurance Summit & Awards 2024, the company secured titles for General Insurance Company of the Year and Leading Implementer of Analytics Technology in Insurance. Additionally, it was honored as the Best BFSI Brand at the ET NOW Best BFSI Brands Conclave 2024 and included in BW BusinessWorld’s India’s Most Respected Companies. Certified as a Great Place to Work in 2024, the company also excelled at the ETBFSI Exceller Awards 2024 with recognition for Best Claims Management in Insurance and Best CSR Campaign of the Year, further highlighting its commitment to social responsibility and innovation.

With a team of over 9,000+ employees and our multi-distribution model covering Bancassurance, Agency, OEM, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network that includes over 22000+ SBI branches, plus agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.

For any vehicle owner, an accident can bring unexpected expenses such as vehicle repairs, medical treatment, or both. These costs become significantly higher if you are uninsured, as the entire financial burden falls on you. The situation worsens if you do not even have third-party insurance. In such cases, any compensation payable to the affected third party—especially if the accident is your fault—must be paid out of your own pocket, often following lengthy legal proceedings.

There are two types of motor insurance policies. A comprehensive policy covers both your own vehicle damage and third-party liabilities. The other is third-party insurance, which specifically covers claims arising from injury, death, or property damage caused to others due to your vehicle. While comprehensive insurance is optional, third-party insurance is mandatory under Indian law before a vehicle can be driven on public roads.

Despite this legal requirement, a large number of vehicle owners continue to remain uninsured. As India observes Road Safety Week from 11 to 17 January, the Insurance Regulatory and Development Authority of India (IRDAI) has issued an advisory to all general insurance companies to intensify awareness and outreach efforts on motor insurance. The regulator has highlighted that lack of awareness remains a serious concern, with over 50% of vehicles on Indian roads still uninsured.

IRDAI has also emphasised that third-party insurance is not just a legal obligation but a crucial financial safeguard for vehicle owners. Understanding how third-party insurance works and why it should not be ignored can help motorists protect themselves from severe financial and legal consequences.

What is Third-Party Insurance?
As the name suggests, a third party refers to any person, vehicle, or property that suffers injury or damage in an accident involving your vehicle. In a third-party insurance policy, the agreement is between you (the first party) and the insurance company (the second party), under which the insurer compensates losses or claims made by the affected third party arising from the accident.

Explaining this further, Niharika Singh, Executive Director – Marketing, IFFCO TOKIO General Insurance Company Limited, said, “A third party refers to anyone other than the vehicle owner or driver—such as pedestrians, occupants of another car, or riders of another two-wheeler.”

She added that a third-party policy does not cover damage to the insured vehicle itself but focuses entirely on compensating the affected third party. It covers medical expenses, compensation awarded by courts, and legal costs incurred in defending claims. Given India’s high rate of road accidents, third-party insurance plays a crucial role in ensuring that accident victims receive timely financial support.

Why Is Third-Party Insurance Mandatory?
Third-Party Motor Insurance is a mandatory cover under the Motor Vehicles Act, 1988. It protects vehicle owners against legal and financial liabilities arising from injury, death, or property damage caused to a third party due to an accident involving the insured vehicle, Singh explained.

She further said, “By making third-party insurance compulsory, the government aims to ensure financial protection for accident victims, promote responsible driving behaviour, and maintain accountability among vehicle owners.”

Singh also believes that third-party insurance serves a larger social purpose beyond individual protection. “Road accidents often lead to severe injuries, loss of life, and long-term financial hardship for victims and their families. The law ensures that compensation is available regardless of the at-fault driver’s financial capacity,” she noted.

Driving without third-party insurance is a punishable offence and can attract hefty fines, imprisonment, and even vehicle seizure. More importantly, in the absence of insurance, the vehicle owner becomes personally liable for compensation, which can run into several lakhs—or even crores of rupees—in serious cases.

How Much Does Third-Party Insurance Cost for Two-Wheelers and Four-Wheelers?
The base premiums for third-party motor insurance are standardised and regulated under the Motor Vehicles Act and the Motor Third Party Insurance Rules. These premiums are uniform across insurers for basic third-party cover, which is the minimum legal requirement to operate a vehicle on Indian roads.

Two-Wheeler Third-Party Insurance (Annual Premium):

• Up to 75 cc — approx. INR 538

• 75 cc to 150 cc — approx. INR 714

• 150 cc to 350 cc — approx. INR 1,366

• Above 350 cc — approx. INR 2,804

Four-Wheeler Third-Party Insurance (Annual Premium):

• Private car up to 1,000 cc — approx. INR 2,094

• 1,000 cc to 1,500 cc — approx. INR 3,416

• Above 1,500 cc — approx. INR 7,897

These are statutory base premiums for unlimited third-party liability, covering legal compensation for injury, death, or property damage caused to a third party by the insured vehicle. It is important to note that these represent the minimum mandatory cost for third-party cover.

Singh added, “If a vehicle owner opts for a comprehensive policy that includes own-damage cover along with third-party protection, the overall premium will be higher, as it provides wider coverage beyond statutory requirements.” 

Safeguard your digital world with SBI General’s Cyber VaultEdge

India’s digital ecosystem is expanding rapidly, underpinned by widespread smartphone use and growing digital adoption. December 2025 alone saw 21.63 billion transactions worth INR 27.97 trillion, according to the National Payments Corporation of India (NPCI). This surge also reflects the growing adoption of digital tools and platforms, highlighting India’s shift toward a more connected, digitally integrated economy.

According to data from the National Cyber Crime Reporting Portal (NCRP) and the Citizen Financial Cyber Fraud Reporting and Management System (CFCFRMS), cyber fraud losses in India jumped to INR 22,845.73 crore in 2024 from INR 7,465.18 crore in 2023, a 206% year-on-year surge, highlighting the rapidly escalating scale of cybercrime nationwide.

On the occasion of Data Privacy Day, SBI General Insurance reinforces the importance of safeguarding personal data, underscoring the need to embed data protection at the core of digital adoption. As digital dependence grows, cyber insurance is emerging as a critical layer of protection offering not just financial cover, but comprehensive support to help individuals and families recover and move forward with confidence.

Here are key reasons why cyber insurance is essential in today’s digital world:

• Identity Theft Protection: Covers financial losses arising from identity theft, including unauthorized use of personal information or fraudulent transactions. Supports legal recourse against perpetrators to help restore your digital identity.

• Theft of funds: Cyber insurance covers losses from unauthorised access to your finances, including bank accounts, credit cards, debit cards, digital wallets, etc. Any legal costs necessary to prosecute cybercriminals are covered as well.

• IT Specialist and Data Restoration: Reimburses costs for engaging IT experts to investigate cyber breaches, restore lost data, or secure affected devices. Ensures timely technical support to limit damage and resume normal operations.

• Psychological Consultation: Covers professional counseling or therapy to address stress, trauma, or emotional impact resulting from cyber violations. Supports mental well-being alongside financial and technical recovery.

• Loss of Wage Due to Identity Theft: Compensates for income lost as a direct consequence of identity theft. Helps maintain financial stability while resolving the aftermath of cyber incidents.

• Family Coverage Extension: Policyholders can extend protection to their immediate family, including spouses and dependent children. This ensures that the entire household benefits from a robust safety net against cyber threats.

SBI General’s cyber offering delivers holistic support through every stage of recovery. With this comprehensive approach, SBI General’s Cyber VaultEdge offers extensive and comprehensive protection against a spectrum of cyber risks, including data breaches and cyber extortion. Designed to meet the demands of today’s digital world, the policy provides financial security while offering reassurance to policyholders and their families.

With SBI General’s Cyber VaultEdge, individuals and families can navigate the digital world with confidence, backed by comprehensive protection against evolving cyber risks ensuring security, resilience, and peace of mind.

About SBI General Insurance
SBI General Insurance, one of the fastest-growing private general insurance firms, backed by the robust support of SBI, upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence in 146 branches. In FY 2024-25, SBI General Insurance reported a Gross Written Premium (GWP) of INR 14,140 crores, recording a YOY growth of 11.1%.

The company received numerous prestigious accolades, showcasing its excellence across various domains. Key honors include being named as the Domestic General Insurer of the Year – India and Claims Initiative of the Year – India at Insurance Asia Awards 2025 Singapore, Large General Insurance category at the Mint BFSI Summit & Awards, the 3rd InsureNext Awards 2024 for Best Claims Settlement, and India’s Best General Insurer of the Year at the 7th Insurance Conclave Awards. At the India Insurance Summit & Awards 2024, the company secured titles for General Insurance Company of the Year and Leading Implementer of Analytics Technology in Insurance. Additionally, it was honored as the Best BFSI Brand at the ET NOW Best BFSI Brands Conclave 2024 and included in BW BusinessWorld’s India’s Most Respected Companies. Certified as a Great Place to Work in 2024, the company also excelled at the ETBFSI Exceller Awards 2024 with recognition for Best Claims Management in Insurance and Best CSR Campaign of the Year, further highlighting its commitment to social responsibility and innovation.

With a team of over 9,000+ employees and our multi-distribution model covering Bancassurance, Agency, OEM, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network that includes over 22000+ SBI branches, plus agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.

(L-R) Mr. Sunny Bhardwaj - National Head Broking, ICICI Lombard, Mr. Amit Jain – CEO & Co-Founder, Girnar Soft & Mr. Sanjeev Mantri – MD & CEO, ICICI Lombard

Recognising this gap, ICICI Lombard General Insurance, India’s leading private general insurer hosted ‘Startup Shield – The Risk Readiness’, a focused awareness initiative designed to help Indian start-ups identify, assess, and mitigate key business risks through structured risk planning and appropriate insurance solutions.

The exclusive event brought together over 100 participants, including startup founders, private equity and venture capital investors, CXOs, industry experts, and risk professionals, for interactive discussions on building resilient and future-ready businesses. The initiative aimed to move the conversation beyond risk avoidance, encouraging founders to adopt a proactive approach to risk preparedness as they scale.

The event saw participation from prominent voices across the start-up ecosystem, including representing the investor and broader ecosystem perspective. The presence of founders and investors at different stages of the startup lifecycle enriched discussions around practical risk planning and long-term business resilience.

Startup Shield focused on risk preparedness across different growth stages, highlighting how early planning can strengthen governance, improve operational resilience, and enhance investor confidence. Sessions addressed emerging and critical risk areas such as cyber and data security, employee health and wellness, professional indemnity, directors and officers (D&O) liability, asset protection, and business interruption.

Experts from ICICI Lombard shared real-world case studies demonstrating how timely insurance coverage and structured risk management have helped startups recover from unexpected disruptions, manage legal and financial exposures, and continue their growth journeys with minimal impact on operations.

The discussions also underscored how risk readiness is increasingly becoming a key consideration during investor due diligence, enterprise partnerships, and board-level decision-making, positioning it as a growth enabler rather than a compliance exercise.

Speaking on the initiative, Mr. Sandeep Goradia - Chief Corporate, International & Bancassurance, ICICI Lombard, said, “India today is the third-largest startup ecosystem in the world, with over 1.8 lakh DPIIT-recognised startups driving innovation, employment, and global competitiveness. As Indian startups build ambitious, high-growth businesses, their exposure to unforeseen risks is also rising. Through Startup Shield, we aim to shift the conversation from reacting to risk to anticipating it — helping founders protect their people, strengthen their businesses, and build lasting stakeholder trust. In doing so, we aspire to become their long-term risk partners, enabling them to scale with resilience, responsibility, and sustainable profitability.”

Through Starup Shield, ICICI Lombard reinforced its commitment to supporting entrepreneurship, innovation, and sustainable business growth in India. The initiative forms part of the company’s broader efforts to engage with the startup ecosystem and enable founders to build resilient businesses that are prepared not just to grow, but to withstand uncertainty.

About ICICI Lombard General Insurance Company Limited

ICICI Lombard is the leading private general insurance company in the country. The Company offers a comprehensive and well-diversified range of products through multiple distribution channels, including motor, health, crop, fire, personal accident, marine, engineering, and liability insurance. With a legacy of over 2 decades, ICICI Lombard is committed to customer centricity with its brand philosophy of ‘Nibhaye Vaade’. The company has issued over 37.6 million policies, over 3.2 million claims processed and has a Gross Written Premium (GWP) of ₹ 282.58 billion for the year ended March 31, 2025. ICICI Lombard has 328 branches and 15,123 employees, as on March 31, 2025.

ICICI Lombard has been a pioneer in the industry, being the first large-scale insurance company in India to migrate its entire core systems to the cloud. With a strong focus on being digitally-led and agile, the company has introduced multiple AI-powered insurance solutions. The company’s flagship insurance and wellness app, IL TakeCare, which has received over 18.4 million downloads, also offers the industry’s first Face Scan feature. The company has won several prestigious awards- including the Insurance Asia, ICC Emerging Asia Insurance, ET BFSI Exceller, ET Corporate Excellence, Golden Peacock, FICCI Insurance, Assocham, Stevie Asia Pacific, and National CSR in recognition of its various initiatives.

For more details log on to www.icicilombard.com.

The fund is designed to deliver financial growth, support goal-oriented planning, and ensure wealth creation for the long term. The fund will be launched at an initial unit price of INR 10 during the New Fund launch period, commencing on 16th January. The first Net Asset Value (NAV) declaration is scheduled for 30th January².

Offered in partnership with Policybazaar, the fund is structured as a passive equity fund available through Unit Linked Insurance Plans (ULIPs³ ) with the added benefit of life cover. Benchmarked against the BSE 500 Dividend Leaders 50 Index (Customised⁴ ), it caters to customers who prefer a disciplined, passive approach to long-term equity investing. The fund is designed to help individuals build wealth steadily and consistently over time, supporting their journey toward financial and life security.

Key Features:

• Reliability and track record: Invests in top 50 companies with a proven track record of consistent dividend payouts.

• Profitability and cash flow focus: Focuses on profitable, free cash flow generating companies across large-cap, mid-cap, and small-cap segments.

• Systematic Wealth Growth: Regular income generated from dividends is reinvested back into the same companies to build a strong portfolio over time.

• Life Cover: Provides essential financial protection with inbuilt life cover.

Speaking on the fund launch, Sameer Bansal, MD & CEO, PNB MetLife, said, “Our goal is to help customers build long term financial security through the powerful combination of life insurance security and equity growth. This fund focuses on companies with a strong history of rewarding shareholders, to keep financial planning simple and future ready."

The index which PNB MetLife Dividend Leaders Index Fund aims to replicate, identifies the top 50 companies from BSE 500, based on their dividend track record across key sectors such as energy, technology, commodities, and utilities. In line with regulatory norms, the fund will allocate 60–100% of its assets to equities that form part of the benchmark index, while up to 40% will be invested in money market instruments to ensure liquidity.

About PNB MetLife India Insurance Company Limited
PNB MetLife India Insurance Company Limited (PNB MetLife) is one of the leading life insurance companies in India that combines the financial strength of MetLife, Inc. with the credibility of PNB, one of the India's oldest nationalized banks. PNB MetLife’s positioning, Milkar Life Aage Badhaein, is demonstrated through its customer-centric innovations and employee empowerment practices.

With a strong presence in 182 branches and access to customers in over 20,000 locations through bank partnerships, PNB MetLife offers a comprehensive insurance solutions portfolio covering Child Education, Family Protection, Long-Term Saving and Retirement. The Company has a wide range of protection and retirement products available through its sales channel of over 36,000 financial advisors and multiple bank partners and caters to over 585 group relationships in India.

¹PNB MetLife Dividend Leaders Index Fund (SFIN: ULIF03916/01/26DIVIDENDFN117) is a passively managed fund with the BSE 500 Dividend Leaders 50 Index (Customized) as its benchmark
²NAV of INR 10/- will be applicable for duly completed proposals received from 16th to 29th January 2026 and issued on 30th January 2026. For policies issued after 30th January, the prevailing NAV on the day of issuance will be applicable. 
³IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. The unit linked insurance products do not offer any liquidity during the first five years of the contract. Policyholder will not be able to surrender/ withdraw the money invested in unit-linked insurance products completely or partially till the end of the fifth year
⁴Customised index created and maintained by BSE Index Services Pvt. Ltd. for PNB MetLife India to meet IRDAI investment norms

For more information, follow us on: 
Facebook - www.facebook.com/PNBMetLife
Instagram - www.instagram.com/pnb_metlife or
visit - www.pnbmetlife.com.

Axis Max Life extends Term Plan to Students; Expands Early-Age Protection to Secure India’s Young Adults

By aiming to shift the entry point of life insurance from the average age of 35 to 18 years, Axis Max Life is trying to address a critical protection gap. Previously, young adults in graduation or post-graduation were excluded from the protection net due to a lack of personal income proof. This proposition bridges that gap, fostering financial discipline well before the nation's future workforce enters the full-time job market. For these customers, it is an opportunity to lock in lower premiums, thus gaining a lifelong head start.

Vaibhav Kumar, Senior Vice President and Head – Product Management and E-Commerce Channel, Axis Max Life, said, “To realize the vision of 'Insurance for All by 2047,' we must expand the protection net to evolving segments. Following our successful term plan for women, this student-centric proposition is a natural progression in our journey to cover students as first-time customers.

By introducing life cover at an early-life stage, we are redefining insurance as a milestone of financial maturity rather than a tax-saving instrument. While students may lack verifiable income proofs, their potential is immense; where through innovative underwriting processes, we are allowing them to lock in lower premiums and secure their future early. This initiative ensures India’s youth start their professional journey with a foundation of security for their families, right from their formative years.”

The proposition also offers comprehensive protection through an Accidental Death & Dismemberment Rider (UIN: 104B027V05) and Critical Illness and Disability Rider (UIN:104B033V02) providing students with access to health check-ups and mental health counseling.

From a family wealth perspective, this move acts as a strategic masterstroke, helping customers avoid the significantly higher cumulative costs of delaying protection coverage by a decade. Supported by digital-first underwriting leveraging parental ITRs and Video Medical Examination (MER), this frictionless onboarding fosters a ripple effect of financial discipline among Gen-Z. Ultimately, this early immersion creates an insured and aware citizenry essential to achieving the national goal of ‘Insurance for All by 2047.’

About Axis Max Life Insurance Limited (https://www.axismaxlife.com)

Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a Joint Venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited. Axis Max Life offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per annual audited financials for FY2024-25, Axis Max Life has achieved a gross written premium of INR 33,223 Cr.

Amit Jhingran - MD & CEO, SBI Life, Nupur Jhingran, Avik Agrawal, Mandira Bedi, Sumonto Chattopadhyay, Ravindra Sharma, Chief of Brand, Corporate Communications and CSR, SBI Life

The Grand Finale, hosted by Indian actor, fashion designer and television presenter Ms. Mandira Bedi, witnessed an engaging face-off among the country’s top young spellers, who advanced through multiple competitive rounds testing spelling accuracy, vocabulary, and presence of mind. Kushagra Pandey, age 13 years from The Millennium School, Lucknow, was declared the First Runner-Up, while Jasmine Jonwal, age 13 years from Bhartiya Vidya Bhawan, Pratap Nagar, Jaipur, secured the Second Runner-Up position. All the finalists demonstrated strong language skills and consistency throughout the competition.

As the National winner, Avik Agrawal was awarded a cash prize of INR 1,00,000, along with an all-expenses-paid trip to Disneyland, Hong Kong, as a recognition for his performance and progression through the competition.

This year’s edition was anchored around the theme ‘Bee Spellionaire’, which positions knowledge and language skills as a form of long-term value for young learners. The concept underscores the role of spelling and vocabulary in building confidence, clarity of expression, and critical thinking among students. Through this initiative, SBI Life continues to provide structured platforms that encourages learning beyond classrooms and supports the holistic development of our future leaders.

Mr. Ravindra Sharma, Chief of Brand, Corporate Communications and CSR at SBI Life Insurance, said, “The theme of SBI Life Spell Bee, ‘Bee Spellionaire’, reflects our endeavour to create intellectual wealth for our future leaders by enriching their vocabulary and introducing them to new words that expand knowledge and sharpen articulation. This growing richness of language fosters confidence and clarity, empowering young Spellionaires to express their thoughts and vision, to carve a better future for themselves and the nation. At SBI Life, we describe this spirit of progress as ‘Apne Liye, Apno Ke Liye’.

He further added, “Platforms such as the SBI Life Spell Bee engage young learners by nurturing curiosity, competence and confidence - qualities that are fundamental to building a confident nation. We are humbled by the enthusiastic nationwide participation in the 15^th edition of SBI Life Spell Bee, the promising performances offer a glimpse into the potential of our enterprising future leaders.”

Avik Agrawal, ‘Spell Master of India’ -SBI Life Spell Bee Season 15, said, “It was enriching to meet so many children from across the country, and I have learnt a lot from this experience. I am grateful to the organizers for giving me this opportunity and platform”.

Commenting on the Grand Finale, Mr. Yatish Mehrishi, CEO, Entertainment Network (India) Limited, said, “Season 15 of Spell Bee showcased some of the country’s finest young spellers. The new gamified format and engaging finale experiences helped us connect more deeply with students. It is encouraging to see the continued support of schools, parents, teachers and students in making Spell Bee India’s largest spelling competition. Mirchi remains committed to enriching the lives of students through experiential properties like Spell Bee.”

SBI Life Spell Bee witnessed participation from students across multiple cities and schools, with the competition conducted through several stages including school-level, city-level, regional, and national rounds. The National Grand Finale was aired on Jiostar and simulcast on Nickelodeon, Nick HD+ and Sonic, extending the reach of the initiative to audiences across the country.

About SBI Life Insurance

SBI Life Insurance (‘SBI Life’ / ‘The Company’), one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001.

Serving millions of families across India, SBI Life’s diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions.

Driven by ‘Customer-First’ approach, SBI Life places great emphasis on maintaining world-class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike.

SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 1,154 offices, 28,534 employees, a large and productive network of about 268,792 agents, 73 corporate agents and 9 bancassurance partners with more than 40,000 partner branches, 149 brokers and other insurance marketing firms.

In addition to doing what’s right for the customers, the company is also committed to provide a healthy and flexible work environment for its employees to excel personally and professionally.

SBI Life strongly encourages a culture of giving back to the society and has made substantial contribution in the areas of child education, healthcare, disaster relief and environmental upgrade. In 2024-25, the Company touched over 53,000 direct beneficiaries through various CSR interventions.

Listed on the Bombay Stock Exchange ('BSE') and the National Stock Exchange ('NSE'), the company has an authorized capital of Rs. 20.0 billion and a paid-up capital of Rs. 10.0 billion. The AuM is Rs. 4,814.6 billion.

For more information, please visit our website-www.sbilife.co.in and connect with us on Facebook, Twitter, YouTube, Instagram, and LinkedIn.

(Numbers & data mentioned above are for the period ended September 30, 2025)

Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance Company Limited), one of India's leading private general insurers, today unveiled ‘Fetal Flourish’, a pioneering insurance rider crafted exclusively for fetal health. This unique solution extends financial support for advanced in-utero procedures and high-risk pregnancies, an area that has long remained outside the scope of conventional maternity insurance. The rider is offered along with their flagship products, “My Health Care Plan” and “Health Guard”.

Dr. Tapan Singhel, MD & CEO, Bajaj General Insurance at the launch of Fetal Flourish

Fetal Flourish brings medical expertise and insurance design together to address a critical need in prenatal care. While maternity products traditionally focus on delivery and postnatal treatment, this rider centres on the protection of the unborn child during the most delicate phase, inside the womb.

Addressing a growing need in maternal and fetal care

As per reports, with about 17% of women in India giving birth after the age of 35, pregnancy-related complexities are increasing. At the same time, procedures such as amniocentesis, fetal reduction, fetoscopic laser surgery, and intrauterine transfusions have become essential for managing high-risk cases. Until now, families often bore the full cost of these interventions due to the absence of a dedicated insurance product.

Speaking about the launch, Dr. Tapan Singhel, MD & CEO, Bajaj General Insurance, said, “Pregnancy is a deeply personal journey for every family, shaped by hope, anticipation, and the desire to do what is best for the child. When medical complexities arise, families face difficult decisions at a very early stage. Advances in fetal care have made it possible to intervene sooner, but the financial strain can add to an already challenging experience. With the Fetal Flourish rider, we have tried to ease this burden by supporting essential procedures, so parents can focus on treatment and outcomes rather than costs. This offering reflects our belief that care, and protection should begin at the very earliest stage of life.”

Coverage highlights

• Up to INR 2 lakh sum insured per maternity event (first two events)

• Coverage available for two maternity events under the base Health Indemnity Policy

• Nine-month waiting period from policy inception

• Eligibility: women aged 18 to 45 years

List of 16 covered procedures:

Amniocentesis, Chorionic Villus Sampling, Percutaneous Umbilical Blood Sampling, Fetal Tissue Biopsy, Amnioinfusion, Amnio-reduction, Thoracoamniotic Shunt for Fetal Pleural Effusion, Fetoscopy, Fetoscopic Laser Surgery for TTTS, Fetal Reduction, Surgeries for Neural Tube Defects, Fetal Cystoscopic Surgery, FETO for Congenital Diaphragmatic Hernia, Amniotic Band Syndrome Surgery, Fetal Aortic Valvuloplasty, and Intrauterine Transfusion.

A step forward for India’s maternal care ecosystem

Fetal Flourish brings a new dimension to prenatal care by integrating insurance with modern fetal treatment practices. It offers focused coverage for specialised in-utero procedures that are increasingly shaping clinical management of high-risk pregnancies. With this launch, Bajaj General Insurance strengthens its commitment to innovation and care, extending protection to one of the earliest and most sensitive stages of life.

About Bajaj General Insurance

Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance Company Limited) is one of India’s leading, most trusted and dynamic private general insurance companies. It is a subsidiary of Bajaj Finserv Limited, India’s leading and most diversified financial services group.

Bajaj General offers a broad portfolio of innovative and customer-focused insurance solutions, spanning motor, health, and home insurance, along with specialised products such as pet insurance, wedding insurance, event protection, cyber insurance, and rural insurance. From safeguarding your health and home to protecting your travels and life’s most important moments, Bajaj General aims to be a constant partner in your journey. Bajaj General equally offers a comprehensive and a well-diversified range of products, including fire, marine, engineering, liability and surety insurance to corporates and SMEs. The company also participates in various government schemes with a focus on financial inclusion. The company is also known for its robust risk selection capabilities, digital adoption and product innovation.

Established in 2001, the company has grown its footprint to nearly 1,500 towns and cities across India, ensuring easy access and a close connection to its customers. This access is enabled through the largest distribution network, spanning across individual agents, point-of-sales personnel, banks, NBFCs, motor dealers, brokers and the company’s proprietary sales force.

It holds an [ICRA]AAA rating from ICRA Limited, reflecting the highest level of confidence in its financial strength and stability. With a strong legacy, a forward-looking mindset, and an unwavering focus on its ‘Customer-First’ philosophy, Bajaj General remains committed to protecting what matters most, empowering individuals, families, and businesses to live with confidence and peace of mind.

This shift marks a transition from reactive protection to proactive well-being. Protection today isn’t just about insuring against death—it’s about safeguarding longevity, health, and overall well-being. And this is particularly vital for India’s dynamic workforce, where the pace of life often outpaces the safety nets designed to protect us.

The Need for Customization: One Size No Longer Fits All

The reality is that protection needs change based on life stage, demographics, and personal circumstances. A young professional has vastly different needs compared to a parents with grown up children, and the challenges faced by women or NRIs are unique. Traditional, one-size-fits-all term insurance policies no longer meet the demands of today’s consumers. That’s why Tata AIA Life is leading the charge with customized solutions that adapt to the diverse needs of every individual, at every stage of life.

A New Approach to Protection: More Than Just Death Benefits

Tata AIA Life is revolutionizing what life insurance means today. Their comprehensive term insurance plans go beyond the traditional focus on post-death benefits, expanding coverage to include critical illness, health issues, and lifestyle-related conditions. These plans not only offer a safety net but actively support policyholders' health and wellness throughout life.

Whether it's helping young professionals stay protected against emerging health risks, or offering retirees essential health services, Tata AIA's term plans are tailored to meet the evolving needs of policyholders as they journey through different life stages.

Sujeet Kothare, Chief of Products, Marketing, Corporate Communications, and Business Mid Office at Tata AIA Life Insurance

Health, Wellness, and Financial Security — All in One

Sujeet Kothare, Chief of Products, Marketing, Corporate Communications, and Business Mid Office at Tata AIA Life Insurance, explains: “Protection today isn’t just about what happens after death—it’s about living better, longer, and with confidence.

We’ve reimagined term insurance as a living solution that supports people at every stage of life, providing health services and wellness access through Health Buddy.”

Tata AIA's Term Suite combines financial protection with health and wellness resources, including preventive check-ups, medical second opinions, specialist consultations, and diagnostic support. The company’s goal is to shift the conversation from payouts to prevention, helping people stay secure, healthy, and financially resilient as they pursue their aspirations.

A Tailored Term Insurance Suite for Every Consumer Segment

Tata AIA Life Insurance offers a wide range of term insurance plans, each carefully crafted to meet the unique needs of different consumer segments. These products not only offer basic life coverage but also integrate critical illness protection and health-related support to ensure holistic protection for policyholders.

1. For Growing Families: TATA AIA Shubh Family Protect

• Provides income replacement to ensure the family is financially protected in case of unexpected events.

• Ensures uninterrupted financial stability through instalment income support.

• Includes terminal illness cover to provide financial relief during critical times.

• Offers access to preventive health check-ups, diagnostics, and specialist consultations.

• Safeguards against emerging health risks and lifestyle-related conditions throughout the policy term.

2. For Young Professionals: TATA AIA Sampoorna Raksha Promise

• Provides access to substantial coverage at competitive premiums.

• Offers whole life coverage up to 100 years of age.

• Allows plan enhancement with comprehensive riders for additional health and wellness benefits.

• Includes the option to defer premiums by up to 12 months with the FlexiPay Benefit.

• Features an industry-first critical illness benefit with a 30-year premium rate guarantee.

• Provides Hospi-cash Benefit with a 20-year premium rate guarantee, delivering fixed daily allowances to support hospitalization costs.

• Provides access to preventive health check-ups, diagnostics, medical second opinions, dental, physiotherapy, tele, and specialist consultations.

3. For Established Professionals & HNIs: TATA AIA Maha Raksha Supreme Select

• Provides comprehensive, high-value protection for individuals with significant financial responsibilities.

• Includes the “Life Stage Option” to increase life cover during key life events like marriage or childbirth.

• Offers a Renewability Option at Maturity to extend the policy term.

• Provides long-term, tax-efficient retirement payouts.

• Includes add-on riders for cancer coverage, waiver of premium, and accidental death/disability.

• Features a Critical Illness Benefit with a 30-year premium rate guarantee for stable pricing.

• Offers Hospi-cash Benefit with a 20-year premium rate guarantee, providing fixed daily benefits in case of hospitalization.

4. For Women Consumers: TATA AIA Shubh Shakti

• A specially crafted protection plan that empowers women at every stage of their financial and life milestones.

• Offers comprehensive life cover along with exclusive wellness benefits promoting holistic well-being.

• Provides dedicated coverage for female-specific health challenges, including discounts on vaccinations for cervical cancer.

• Ensures uninterrupted protection with a premium-waiver benefit in case of the spouse’s accidental demise.

• Delivers special premium discounts for single mothers, supporting their unique needs.

• Features a flexible premium break option during pregnancy, offering financial relief when it’s most needed.

5. For NRIs Male Consumers: TATA AIA Shubh Rakshak

• A straightforward and accessible protection plan designed to secure the future of your family back home in India.

• Provides globally accepted, rupee-denominated life cover along with wellness benefits for up to 2 family members.

• Features seamless digital onboarding, tele-medical options, and global servicing for added convenience.

• Ensures your loved ones in India stay financially protected without concerns about currency fluctuations.

• Offers special discounts for salaried customers, making protection even more affordable.

Comprehensive Protection with a Focus on Prevention

At Tata AIA, we believe true protection is holistic, encompassing both life coverage and preventive healthcare. Beyond traditional pay-outs, our term insurance solutions integrate health and wellness services to support individuals before, during, and after any health challenge:

• Preventive Care: Routine check-ups and healthy lifestyle management with our Vitality partnership, to mitigate health risks.

• Medical Second Opinions: Ensures you have all the information needed to make confident treatment choices for critical illnesses.

• Preventive Diagnostics: Early detection of health issues, reducing the likelihood of future health emergencies.

The Takeaway: Early Protection for a Confident Future

Securing term insurance early has become more important than ever. Tata AIA Life Insurance’s term plans offer protection that evolves with your needs, providing comprehensive coverage that adapts as your life progresses. Whether you’re a young professional just starting out, a parent securing your family’s future, or planning for a comfortable retirement, Tata AIA Life Insurance ensures you have the protection you need at every stage of life.

Protect today. Live with confidence. Plan for tomorrow.

Disclaimer: This product is underwritten by Tata AIA Life Insurance Company Ltd. The plan is not a guaranteed issuance plan, and it will be subject to company’s underwriting and acceptance. Insurance cover is available under this product.

• TATA AIA Shubh Family Protect is a name of Tata AIA Sampoorna Raksha Promise (Non-linked, non-participating, pure risk, individual life insurance product (UIN:110N176V09) Dependent care option.

• TATA AIA Sampoorna Raksha Promise is a Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V09).

• TATA AIA Maha Raksha Supreme Select is a Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V13).

• TATA AIA Shubh Shakti is a combination of Tata AIA Sampoorna Raksha Promise (Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product) UIN: 110N176V09 and Tata AIA Health Buddy (Non-Participating, Non-Linked Individual Health Product) UIN: 110N183V01. Tata AIA Sampoorna Raksha Promise and TATA Health Buddy are also available for sale individually without the combination offered/ suggested.

• TATA AIA Shubh Rakshak is a combination of Tata AIA Sampoorna Raksha Promise (Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product) UIN:110N176V09 and Tata AIA Health Buddy (Non-Participating, Non-Linked Individual Health Product) UIN: 110N183V01. Tata AIA Sampoorna Raksha Promise and Tata AIA Health Buddy are also available for sale individually without the combination offered/ suggest.

About Tata AIA Life

Tata AIA Life Insurance Company Limited (Tata AIA) is a joint venture Company formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world, spanning 18 markets in the Asia Pacific region.

Tata AIA reported a total Premium Income of INR 31,484 crore for FY25, up 23% from FY24. The Company continues to rank among the Top 3 Private Insurers in Individual Weighted New Business Premium (IWNBP) with an IWNBP income of INR 8,511 crore. The Company also achieved industry-leading Persistency performance (based on premiums), ranking #1 in four out of five cohorts.

About the Tata Group 

Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals.

The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’.

In 2023-24, the revenue of Tata companies, taken together, was more than $165 billion. These companies collectively employ over 1 million people.

Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 26 publicly listed Tata enterprises with a combined market capitalisation of more than $365 billion as on March 31, 2024.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets –wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(3), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR(4), and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$305 billion as of 31 December 2024.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 43 million individual policies and 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.