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If you have ever zoned out the moment someone mentioned insurance, you are not alone. But here is the thing — what is happening in the insurance world right now is not just for nerds and personal finance influencers. It is about you, your money, your future cover, and those little surprise expenses life loves throwing at you.
So, let’s quickly catch you up on what’s been happening in July 2025, and why it matters to you.
If you have a life insurance policy, you will be happy to hear this - India’s life insurance market is growing at a solid 10.5% every year. That’s more than double the global rate. What does this mean for you? More options, smarter policies, and insurers fighting harder to win you over.
LIC, the giant most of us grew up hearing about, is having a good year too. They have just announced a Rs. 12 per share dividend after clocking strong profits for FY25. So, if you hold their shares, it’s time to check your bank account — you might have a little extra coming your way.
It is not just about LIC. Reliance General Insurance has turned in a tidy Rs. 315 crore profit under new promoters. Apart from this, Bajaj Finserv is set to buy out its joint venture partner Allianz’s stake for Rs. 24,180 crores. Moves like these mean stronger, homegrown brands are taking charge, leading to better, more competitive products for you.
When it comes to your car, health, travel, or home insurance, things are looking up, too. The total premiums collected in this category hit a massive Rs. 3.08 trillion in the financial year 2025 — a 6.2% increase from last year. In plain speak: more people like you are protecting what matters to them, and insurers are growing because of it.
Reliance General’s profit boost makes a second appearance here, and this is a sign that changes at the top can make things smoother for you on the ground - faster claim approvals, fewer holdups, and maybe even friendlier customer care.
Companies are also stepping up their tech game. No more endless email threads or “please hold while we transfer your call” moments.
If you have not noticed already, Generative AI is quietly becoming your behind-the-scenes assistant in the insurance world. From speeding up underwriting by scanning and analysing documents to offering personalised service through smart chatbots, AI is ensuring that your queries and claims don’t disappear into a digital black hole.
Imagine chatting with a bot about your policy or having your claim processed in record time without needing to chase multiple emails. That is not a future scenario — it’s already happening, and insurers are doubling down on these investments.
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
If you have ever zoned out the moment someone mentioned insurance, you are not alone. But here is the thing — what is happening in the insurance world right now is not just for nerds and personal finance influencers. It is about you, your money, your future cover, and those little surprise expenses life loves throwing at you.
Health insurance offers benefits even if you don't make a claim. Yes, you heard that right! Every year, when you don’t make any claims, it becomes a special year. It’s a sign that you remained healthy throughout the year, and your health insurance company rewards you for it. This reward is known as a cumulative bonus. Read on to know more about this attractive feature.
Dry cough can cause irritation and tickle in your throat, which makes it bothersome. The pain it causes disrupts day-to-day activities. Thankfully Nature bestows us with some age-old remedies that can soothe many of our ailments, including Dry Cough.
Having health insurance is now a top priority among potential policyholders, who are increasingly aware of the importance of accessing quality healthcare at an affordable cost. Not only does it handle finances, but it also gives peace of mind during medical emergencies. Getting coverage without dealing with cash or documentation makes the cashless claim process an attractive feature of the health insurance.
Rather than making an advance payment and waiting for reimbursement, policyholders can receive healthcare from network hospitals without incurring out-of-pocket expenses. With its support, worrying about finances becomes less of a concern, and managing healthcare bills becomes simpler. For emergencies, where time and money are of concern, using cashless claims is very helpful for individuals and their families.
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Everybody wants a glowing skin because it enhances their personality along with their beauty and looks. If you are spending on products to get that perfect glow, you should know that having the best fruits can be the best alternative you can use. Read on to know more!
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By clicking the button, I authorize Paybima advisor to contact me via SMS, Email, Phone, WhatsApp or any other modes overriding my 'DND'.T&C Apply.
