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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 21 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.
Fixed Deposits (FDs) are one of the safest ways to grow your savings. HDFC Bank offers attractive FD interest rates, allowing you to earn guaranteed returns on your investment. But before you invest, it's important to know how much interest you will earn and what your final maturity amount will be.
As any parent will tell you, kids come with two things: endless energy and absolutely no sense of self-preservation. From scaling chairs and tables like mountaineers to catching germs within a five-mile radius, kids really know how to keep everyone on their toes. Now, it is understandable you are worried. As much as we would love to wrap our small ones in cotton wool and keep them safe forever, real life has other plans.
When was the last time you thought about getting a life insurance policy? If your answer is “I will get to it someday”, you are not alone. Despite India growing as one of the fastest expanding economies, life insurance penetration across the nation has remained surprisingly low. Life insurance penetration fell slightly to 2.8% in FY24, down from 3% in the previous year.
You probably don’t wait for your phone to completely crash before charging it, right? So why wait for a health emergency to start thinking about your well-being? That’s where preventive healthcare steps in. It’s about staying one step ahead of health issues, spotting trouble early, and handling it before it gets expensive or exhausting.
With preventive healthcare insurance, you can actually use your policy to stay healthy instead of just fixing things when they break. From free health check-ups to wellness rewards, modern health plans are becoming your health partner, not just your crisis manager. So, if you thought insurance was boring paperwork, it’s time to meet its smarter, more proactive side. Let’s explore how it all works and why your future self will thank you for paying attention now.
So, you have finally decided to stop relying on luck and start looking into health insurance. Good call. But just when you feel proud of that adulting moment, a new term pops up and takes the wind out of your sails.
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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.
