Ashok Hegde 
In Q1 FY27, private life insurers grew first-year premium 27.5% against LIC’s 10.3%, and LIC’s share slipped to 60.1% from 63.5%. Updated 12 October 2026 with H1 data: in Q2, LIC grew faster and took back share.
IRDAI’s final mis-selling rules, notified on 30 July 2026, will name the seller on every intermediary-sold policy from 1 January 2027 and make large intermediaries publish their commission. They do not cut commissions.
Home loan insurance shrinks as you repay and pays the bank, not your family. Group loan cover still carries 18% GST, and IRDAI now proposes to ban compulsory bundling. Here’s how it compares with term insurance, and why loan cover alone isn’t enough.
LIC’s 61st month persistency dropped from 63.1 to 59.3 percent in FY26. Three of four listed private insurers saw the same ratio fall. Between 36 and 45 percent of policies sold five years ago have lapsed.
Life insurers collected Rs 30,550 crore in first-year premium in April 2026, up 39%. Group single premium was 62% of it, but most of that was LIC’s group fund business, which carries almost no life cover. Corrected 12 October 2026.
Who proves fraud when an insurer rejects your claim? Section 45 puts the burden on the insurer — but only for fraud. Know the legal test, the 3-year limit, and how courts actually decide.