Life Insurance

For the six months to September 30, 2026, India's HDFC Life reported profit after tax of ₹1,119 crore, value of new business of ₹2,037 crore (up 12.1%) at a 24.7% margin, and assets under management of about ₹4.1 lakh crore; second-quarter profit was ₹508 crore, 16.9% lower than the first quarter.

India's HDFC Life reported first-half value of new business of Rs 2,037 crore at a 24.7% margin, approved a GIFT City office and up to Rs 500 crore of subordinated debt, and flagged near-term friction from IRDAI's proposed expense limits.

India's ICICI Life reported a Rs 374 crore second-quarter profit and Rs 712 crore of new business value, with protection and annuity growth in the first half, while some brokerages flagged a margin below their forecasts.

India's largest life insurer told exchanges on October 12 it will put an annuity plan and two health protection plans on sale on October 19; here is what has been reported and what buyers should verify.

On March 31, 2026 APRA finalised amendments letting life insurers use an 'advanced illiquidity premium' to set capital for longevity products, with added governance, reporting and asset controls and a 45% floor kept after consultation; the changes took effect on July 1, 2026.

About 99.96% of votes cast at Corebridge and 97.24% at Equitable favoured the deal in preliminary results; the combined company will use the Equitable name, trade as EQH and be run by Corebridge's Marc Costantini, with regulatory approvals still required.

The FCA published the final report of its pure protection market study on September 21, 2026; it finds competition works well for existing policyholders but 58% of people hold no cover, and sets out a package of industry-led measures with engagement from October 2026 and a possible TechSprint in Q3 2027.

Zurich Financial Services Australia acquired ClearView Wealth on August 20, 2026 through a scheme of arrangement at A$0.60 cash per share, about A$385 million, after approval from the ACCC, APRA, shareholders and the NSW Supreme Court, and will run Zurich, OnePath and ClearView as separate life insurance propositions.

On June 4, 2026 PayPay agreed to acquire 70.2% of T&D Financial Life Insurance from T&D Holdings for roughly ¥134.3 billion (about $840 million), with the share transfer planned for October 1, 2027, conditional on an IFRS transition and regulatory approvals.

MetLife announced on May 28, 2026 an Annuity Cancellation Option for its Guaranteed Income Program, letting plan participants cancel within the first three years of income payments and receive premiums paid minus benefits received, with no cancellation or surrender fees.

LIMRA's preliminary Q1 2026 data show annuity sales of $104.6 billion (down 2%), RILA sales up 21% to $21.2 billion, and new annualised life premium up 10% to $4.5 billion.