India’s life insurance sector experienced a nearly 13% surge in new business premiums in May 2025, reaching ₹30,463 crore, driven primarily by private insurers. However, policy sales declined by 10.4% due to the new surrender value guidelines. Group business led the growth, while individual segments saw muted performance, with private insurers shifting towards higher-value policies.
Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh
The Justice Department has concluded its investigation into Federal Reserve chair Jerome Powell. This decision removes a significant obstacle to the confirmation of Kevin Warsh,