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Jio Financial shares jump 4% as firm inks 50:50 JV deal with Allianz for general, health insurance business
Jio Financial Services shares jumped after it signed a binding agreement to form a 50:50 insurance joint venture with Allianz Group. The JV will focus on general and health insurance in India, formalising a partnership first announced in July 2025.
Jio, Allianz form 50-50 joint venture to set up non-life insurance company
The partnership will harness Jio’s massive digital reach and Allianz’s global expertise to build a ‘new model’ for general and health insurance in India, the two companies said on Wednesday.
Allianz, Jio Financial Services ink 50:50 insurance JV to tap India’s growing market
Jio Financial Services and Allianz Group are partnering to launch a new insurance venture in India. This 50:50 joint venture will offer general and health insurance solutions. It combines Jio's digital reach with Allianz's global insurance expertise. The venture aims to expand insurance access for individuals and businesses. Operations will commence after regulatory approvals.
Muthoot Finance seeks shareholder nod for entry into insurance distribution biz
Muthoot Finance is gearing up for a pivotal growth phase as it seeks shareholder approval to venture into the insurance distribution arena. This bold step encompasses a wide range of offerings, including life, general, and health insurance products, marking the company's ambition to become a comprehensive corporate agent in India's insurance landscape.
Muthoot Finance plans entry into insurance distribution business
Muthoot Finance seeks shareholder approval to amend its charter and enter insurance distribution as a corporate agent across life, general and health segments in India
General insurance reports 9% GWP growth in FY26
India's general insurance sector saw robust growth in FY26. Gross written premium increased by 9%, reaching ₹3.36 lakh crore. This expansion was fueled by private insurers and strong demand for health and motor policies. Standalone health insurers outperformed, showing a significant 22% rise. This segment continues to be a key driver for the industry's overall success.
General insurance March data: ICICI Lombard grows 21% vs industry 8%
ICICI Lombard leads with 21% March premium growth versus industry 8%, Niva Bupa outperforms health peers, overall general insurance expansion stays moderate.
US insurance companies shares surged up to 13% in extended trade; Here's why
Shares of UnitedHealth Group Inc., a key constituent of the Dow Jones, surged up to 10%, while shares of other insurers like Humana and CVS Health saw gains of 13% and 8% respectively.
Shriram General Insurance launches 'Shri Health Suraksha 2.0'
In response to evolving healthcare needs, Shriram General Insurance Company announced the launch of Shri Health Suraksha 2.0, an enhanced health insurance suite engineered for greater flexibility and 'all-inclusive' protection. This indemnity plan addresses critical gaps in traditional coverage by removing standard caps on room charges and adding unlimited restoration benefits.
Jefferies adds Groww, State Bank of India, 5 others to 23 buy ideas. Here’s the full list
Jefferies has updated its analyst top ideas, adding seven new stock recommendations across various sectors. These picks include State Bank of India, Groww, Star Health & Allied Insurance, Bharat Forge, JSW Steel, Eternal, and Max Healthcare, with significant upside potential highlighted for each.
Stocks to Buy: Here are seven new additions to the Jefferies 'bottom-up ideas' list
State Bank of India Ltd., Star Health Insurance Ltd., Groww, Bharat Forge Ltd., JSW Steel Ltd., Eternal Ltd. and Max Healthcare Ltd. are the seven new inclusions to Jefferies' Bottom-up top ideas list, which includes 23 stocks with "buy" recommendations and eight underperform calls. Here is a look at the seven new additions:
Niva Bupa gets IRDAI show cause notice after inspection
Niva Bupa Health Insurance received a Show Cause Notice and Letter of Advice from IRDAI after a February 2025 inspection, confirming compliance steps and no current impact on operations.