Topic
Solvency ratio trends, IRDAI penalty reports, grievance trajectories, and distribution channel data for every major life insurer.
49.66% of all private life insurance is sold through banks (FY 2024-25). Half the time you “buy” insurance from a private insurer, a bank employee made the sale. LIC is the opposite: 93.86% through individual agents. LIC’s business model is its 1.3 million agents, not bank partnerships. Online insurance (direct insurer websites + … Read more
IRDAI issued 10 penalty orders totalling ₹10.42 crore in FY 2024-25. Three were against life insurers: HDFC Life (₹2 crore), SBI Life (₹1 crore), and Aegon/Bandhan Life (₹1 crore). HDFC Life was fined for failing to process proposals efficiently, overpaying web aggregators, and unreported outsourcing. SBI Life got the same outsourcing and web … Read more
12 years of IRDAI complaint data for every life insurer. Shriram Life complaints up 449%, Bajaj Allianz reversing. Track which insurers are improving and which are getting worse.
