Download the app
App StorePlay Store
Beige
Login
← All tags

insurance

Patanjali eyes insurance after FMCG wins buying Magma stake in 4500 crore deal

Patanjali eyes insurance after FMCG wins buying Magma stake in 4500 crore deal

Patanjali Ayurveda is stepping into insurance, acquiring a majority stake in Magma General Insurance as part of a INR 4,500 crore deal alongside the Adar Poonawalla-backed DS Group. The move follows Patanjali’s past disruptions in FMCG and its turnaround of Ruchi Soya into Patanjali Foods. The big question: can the same playbook work in insurance?

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Zurich Insurance moves in with Rs 4051 crore deal for Kotak General control

Zurich Insurance moves in with Rs 4051 crore deal for Kotak General control

Zurich Insurance plans to invest around Rs 4,051 crore to buy a 51% stake in Kotak General Insurance through a mix of fresh capital and share purchase. The deal also gives Zurich an option to acquire an additional 19% within three years, potentially tightening its grip on the insurer’s future direction.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Your news, in seconds

App StorePlay Store
Jio Financial Services and Allianz launch 50 50 insurance JV for India health and general plans

Jio Financial Services and Allianz launch 50 50 insurance JV for India health and general plans

Jio Financial Services has partnered with Germany’s Allianz Group in a 50 50 general and health insurance joint venture. The equal collaboration will focus on building products specifically designed for Indian customers, targeting demand for coverage that fits local needs across both health and everyday insurance categories.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Hospital stocks shrug off volatility as insurance demand and bed expansion power profits

Hospital stocks shrug off volatility as insurance demand and bed expansion power profits

Hospital stocks are holding up even as markets swing, backed by faster EBITDA growth than revenue. Over FY2019-20 to FY2024-25, sector revenues rose around 15.5% annually while EBITDA grew about 25%. Analysts point to steadier cash flows from insurance-led payments, strong demand for profitable inpatient care, and aggressive expansion plans that add more beds and facilities.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
RupeeCircle inks Tata AIG tie-up to insure risky P2P loans for borrowers

RupeeCircle inks Tata AIG tie-up to insure risky P2P loans for borrowers

P2P fintech RupeeCircle has partnered with Tata AIG to provide insurance cover for its peer-to-peer loan portfolio. The tie-up aims to add a layer of protection to borrowers and help reduce uncertainty around repayment. Details on the exact coverage structure were not provided in the brief report, but the move signals growing insurance integration in digital lending.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Bharti weighs selling 85% of life insurance to Prudential in a 7000 to 8000 crore deal

Bharti weighs selling 85% of life insurance to Prudential in a 7000 to 8000 crore deal

Bharti Group is reportedly in talks to sell up to 85% of its life insurance business to Prudential Plc for an estimated ₹7,000–8,000 crore. If completed, the transaction would effectively end Bharti’s presence in the life insurance segment, while Prudential looks to deepen its footprint in India’s expanding market. Due diligence is currently underway.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Never miss a story

App StorePlay Store
Jio Financial Services Signs Allianz JV Deal for 50 50 India General Insurance Launch

Jio Financial Services Signs Allianz JV Deal for 50 50 India General Insurance Launch

Jio Financial Services’ board has approved and signed a joint venture agreement with Allianz for a 50:50 domestic general insurance company. The JV, Allianz Jio Reinsurance Ltd, was incorporated in September 2025 and will begin operations after regulatory clearances. JFS says the venture will combine its digital reach with Allianz’s product expertise, following a July 2025 collaboration announcement and a ₹147.5 crore infusion.

Summarised by Beize from a story on Inc42 on 24 Apr 2026
HDFC Life board reappoints Vibha Padalkar as CEO for five more years starting 2026

HDFC Life board reappoints Vibha Padalkar as CEO for five more years starting 2026

HDFC Life’s board has approved Vibha Padalkar’s reappointment as Managing Director and CEO, starting September 12, 2026, for a five-year term. Shareholder and regulatory approvals are still awaited. The company says the move supports leadership continuity, and Padalkar has not been debarred by regulators.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
West Asia tensions could hit India Inc margins without any actual fuel supply cuts

West Asia tensions could hit India Inc margins without any actual fuel supply cuts

Rising West Asia tensions are putting India’s energy and logistics system under stress. The risk is not only supply stoppages, but the ballooning of freight and insurance costs that can squeeze corporate margins and widen deficits. While strong balance sheets provide some protection, long volatility may pressure earnings, capex plans, and the credit cycle.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Oil producers and shipowners clash over who pays for Hormuz risk

Oil producers and shipowners clash over who pays for Hormuz risk

A tense standoff over transit through the Strait of Hormuz is leaving oil shipments at risk. Shipowners are seeking guarantees they consider necessary to cover extreme dangers, while charterers say the burden is impossible to absorb. With the chokepoint remaining a flashpoint, the disagreement threatens to disrupt pricing, insurance terms, and future routing decisions.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Reading on mobile?

App StorePlay Store
Cabinet clears 12980 crore sovereign maritime insurance pool to shield Indian shipping from global shocks

Cabinet clears 12980 crore sovereign maritime insurance pool to shield Indian shipping from global shocks

The Union Cabinet, chaired by Narendra Modi, has approved a ₹12,980 crore Sovereign Maritime Fund to insure Indian-flagged, India-bound and India-originating vessels. The decision is designed to improve maritime trade resilience, lower dependence on foreign insurers, and protect shipping operations as global uncertainties keep rising.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
New India Assurance turns to faster claims and simpler cover to win MSMEs

New India Assurance turns to faster claims and simpler cover to win MSMEs

New India Assurance is reshaping its strategy to reach India’s underinsured MSME ecosystem, focusing on accessibility rather than just reducing premiums. CMD Girija Subramanian says the company will introduce simpler products, explore parametric insurance in allied sectors, and prioritize speed in claims settlement to build trust and accelerate growth.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Heatwave insurance first in the world shields women workers with parametric payouts

Heatwave insurance first in the world shields women workers with parametric payouts

A global NGO and its Indian partner have launched what they say is the world’s first parametric heatwave insurance for women labourers in India. Instead of lengthy claims, payouts are triggered by heatwave conditions, aiming to provide faster, more reliable financial relief when extreme temperatures become life threatening.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
5 midcap stocks lose insurance backing as stakes fall in June quarter

5 midcap stocks lose insurance backing as stakes fall in June quarter

Insurance companies cut stakes in five Nifty midcap stocks during the March to June 2025 quarter, pointing to changing investment strategies and softer confidence. The declines were seen across Marico, Coromandel, ITC Hotels, HDFC AMC, and Laurus Labs, raising questions about what sectors investors are now prioritizing.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Follow your favourite sources

App StorePlay Store
SBI General Insurance crosses Rs 15000 crore premium for first time as PAT rises 8.7% in FY26

SBI General Insurance crosses Rs 15000 crore premium for first time as PAT rises 8.7% in FY26

SBI General Insurance notched its first-ever milestone in FY26, with gross direct premium crossing Rs 15,000 crore and growing 14.5%. Profit after tax rose 8.7% to Rs 553 crore, backed by expansion across health, motor, personal accident, and fire insurance, alongside improving underwriting metrics.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play