Jyoti Swarup

Life Insurance Half Year 2025-26 ( Individual Non-single Premium) Data Highlights: LIC's Declining Market Share 11 % premium de-growth and 21 % de-growth of LIC pulled down the whole industry- As compared to last year H1 -22% de-growth of clients acquired by Industry in individual cases is serious concern. LIC Market share is left with only 27% of new Business in Premium though it still captures 63% market share in No of policies, Average premium size is abnormally low. As LIC is not much into term insurance- such trend is not an achievement flaunt about wider coverage among mass but providing incomplete insurance to the loyal client base. Lack of innovation, de-growth of agency force and poor think tank to take corrective measures is concern for the industry. New BUSINESS Retail client count de-growth of #BhartiAxa #Bajajlife #PNBmetlife #RelianceNipponlife #SRLI shows a serious intent issue to drive real growth- Tweaking products & acquisition cost can't be sustainable path. Bigger players like #SBILIFE de-growing in NOP, #ICICIPRU de-growing in premium, #TATAAIA and #AxisMAX doing better in both the aspects New players growing but still not enough to pull up industry Primary Reasons for de-growth of Sept and H1 1) Government's skewed decision to implement GST withdrawal w.e.f future dates 2) Companies having change in nomenclature and ownership could not sustain the demand of the market trend; leadership to be blamed 3) Slowing down of Agency additions, those could do- maintained the positive trend. Corporate sales through Banks could show fault lines now 4) Last fiscal's product guidelines changes and Insurers going too cautious in acts without having any simulations of actuals restricted freedom act 5) A typical mob like push of early income plans by almost all insurers killed the basic concept of Insurance ( Risk) at large. The companies who could innovate- showing the strength & others showing saturations 6) Distribution DNA gradually making Insurance a "untouchable" for normal people- apprehensions of mis-selling, lesser liquidity, low coverage, too much of on-boarding formalities ( Solicitation, PLVC, PIVC... OTP) making people wary of going for Insurance readily. Practically - the data security & privacy part in insurance domain being flouted day in day out officially Expected that some good sense prevails sooner to revive the domain through actual realisation of factors !! Insurance for all by 2047 seems real distant with retail growth going stagnant. #insurance #Growth #IRDAI #GDP #penetration #LICI #Zopper

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💡 When healthcare finance breaks down, it’s the patient who pays the price!   From September 1, 2025, over 15,200 hospitals will suspend cashless treatment for Bajaj Allianz policyholders. This move, led by AHPI, is more than just a company-hospital standoff — it’s a wake-up call for India’s healthcare financing ecosystem. The core issues? ✅ Rising healthcare costs (7–8% annually) vs. outdated reimbursement rates ✅ Delayed payments & arbitrary claim deductions ✅ Hospitals feeling squeezed, insurers trying to keep premiums affordable For patients, the impact is immediate and painful — cashless is the very promise of health insurance. For hospitals, it’s about financial sustainability. For insurers, it’s about managing risk and fraud. 👉 The bigger question: How do we build a healthcare model where patients, providers and insurers don’t see each other as adversaries but as partners in health? India needs a reset in the way tariffs, claims and transparency are managed — with trust and fairness at the center. 🌍 As Ayushman Bharat has shown, access and affordability are possible but true sustainability requires balancing the triangle of patients–hospitals–insurers. ✍️ I believe this moment calls for collaboration over confrontation —regulators, insurers and healthcare providers must come together to redesign a sustainable, patient-centric system. 💬 What changes — policy reforms, digital health innovations or regulatory frameworks — do you think can bridge this trust gap? For complete details: https://lnkd.in/db3xVi63 #Healthcare #HealthInsurance #CashlessCare #BajajAllianz #Hospitals #PatientsFirst #InsuranceReform #AyushmanBharat #HealthcareInnovation 

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Bridging the Skill Gap in Insurance – A Collective Step Forward Honored to be part of the First In-Person LIMRA LOMA Learning Consortium Meet (India) — a pivotal gathering of L&D leaders from across the Indian insurance ecosystem. With over two decades in this industry, I see this as more than just a knowledge exchange — it's a timely collaboration aimed at building future-ready talent. Backed by LIMRA & LOMA’s global expertise, and now strengthened with India-specific content developed by IIRM Hyderabad, we’re aligning international best practices with local market needs. The discussions were rich, the intent clear: empower our people to transform the insurance landscape through structured, skill-based learning. Gratitude to the stalwarts and leaders who lent their voice and vision to this initiative. The road to capacity building is long, but with such collective momentum, the direction is promising. Kartik Sakthivel, Ph.D. Debashree Varma Ashish Kumar Dr. Roop Kumar Nagumantry Ph.D , RIMS Fellow (RF), RIMS-CRMP, FLMI, ARM™️Sumit Sah CPCU,FSRI,FLMI,ARA,AIRC,ASLI,AIC,AINS,AIS,ITP,AICM Dinesh Bojwani #VVKMohan #Insurance #LIMRALOMA #LearningAndDevelopment #TalentTransformation #InsuranceIndustry #Leadership #IIRM #FutureOfInsurance #CapacityBuilding #India #insurance4all

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LIC will not cut agent commissions despite ITC loss, unlike many private insurers trimming payouts by ~15%. It will offset losses via higher sales & new product pricing, while passing full GST relief to policyholders. With 95% of business driven by 15 lakh agents, LIC holds a strong 63.51% Q1 FY26 market share; PSU general insurers too are absorbing ITC losses without commission cuts. This comes after last year’s cut in 1st-year agent payout post surrender value revision that had hurt policy sales of LIC. #LIC #GSTFreeInsurance #InsuranceForAll #AgentNetwork #PolicyholderBenefit #PSUInsurers #CustomerFirst #LifeInsurance #InsuranceReforms #MarketLeadership

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As AI, automation, and data redefine the boundaries of what’s possible, we’re witnessing a fundamental shift, not just in how insurance is delivered, but in what people expect from it.     India is uniquely placed at the centre of this transformation. With its depth of digital talent and a growing ecosystem of innovation, the country is fast becoming a global hub for designing the next generation of insurance solutions that are intelligent, intuitive, and inclusive.     At MetLife Global Capability Centre (MGCC), we’ve had the opportunity to help shape this journey, by embedding advanced technologies across the value chain while staying grounded in a human-first approach.     In this article, I share reflections on where the industry is headed—and how the confluence of tech, talent, and purpose is creating an inflection point for InsurTech globally. https://lnkd.in/gWYrfUiS     #InsurTech #AI #DigitalTransformation #MetLife #FutureOfInsurance #GCCs #MGCC #CustomerExperience #MetLifeGCC #TechAtMGCC #InnovationAtScale #MGCCLeadership 

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