Topic
Solvency ratio trends, IRDAI penalty reports, grievance trajectories, and distribution channel data for every major life insurer.
Banks brought in 49.66% of private life insurers’ individual new business premium (FY 2024-25). By premium, about half of what private insurers sell to individuals is sold at a bank counter. 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 … 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
File and track a life insurance complaint on IRDAI’s Bima Bharosa portal, escalate to the Insurance Ombudsman, and see 12 years of insurer-wise grievance data.
