Latest news with #India-linked
Economic Times
3 days ago
- Business
- Economic Times
NRIs' term insurance purchases from India double in last 2 years: Report analysis
Agencies Non-resident Indians (NRIs) are increasingly opting for term life insurance policies from India, with purchases doubling over the past two years, according to data from Policybazaar. The trend highlights the growing preference for India-linked term plans, which offer competitive premiums, long policy tenures, and rupee-denominated benefits that protect families and assets back home. Gulf region leads with nearly 60% share Between FY22 and FY26 year-to-date, the UAE and Gulf Cooperation Council (GCC) countries accounted for 59% of NRI term insurance policies purchased via Policybazaar. Most buyers are salaried professionals and business owners in construction, retail, and services. Gulf-based NRIs often have ongoing financial obligations in India, such as dependents, home loans, and investments, making India-based policies a cost-effective and practical choice. Strong growth in Europe and ANZ Europe and Australia - New Zealand (ANZ) markets have recorded a combined compound annual growth rate (CAGR) of 87% over the past four years. The demand is largely driven by technology professionals and permanent residents who value long-tenure coverage and rupee-settled payouts. Policybazaar sees these regions as key markets for future expansion in NRI term insurance uptake. Younger buyers driving adoption Buyers under 40 now make up 62% of NRI policyholders. Many are securing 35-40 year plans, often locking in low premiums early in their careers. The 30-39 age group is the most active segment, showing an awareness of the benefits of early health underwriting and long-term financial planning. Preferred income and coverage segments Around 45% of NRI buyers report annual incomes between ₹25-35 lakh, balancing affordability with substantial coverage. Another 16% earn above ₹50 lakh annually, reflecting the growing appeal among higher-income groups. The ₹2-3 crore cover range is the most popular, offering adequate protection while keeping premiums reasonable, particularly among Gulf and ANZ professionals. Rising female participation Women now account for 15% of NRI term insurance buyers, with stronger uptake seen in the UAE and North America. This reflects increasing financial independence and proactive planning among female NRIs. Monthly premiums dominate, long-term policies favoured Nearly 80% of buyers prefer paying monthly premiums, though single-premium policies are gaining traction in the UAE, where some policyholders choose to pay upfront for 30–40 years of coverage. The average policy tenure now stands at 36.7 years, with most plans covering buyers until retirement or dependent independence milestones.'In just two years, NRI purchases of India-based term insurance have doubled, recording a 100% growth rate. This momentum has been led by Gulf-based NRIs, who now account for nearly 60% of all such policies bought via Policybazaar. A significant majority of these buyers are under 40, securing 35–40 year terms and opting for monthly premiums. This demand can be linked to the appeal of India-based term plan: lower premiums compared to global markets and the comfort of rupee-denominated payouts for dependents back home. It's a prudent way for globally mobile Indians to build financial security across geographies,' Policybazaar said in a statement. (Join our ETNRI WhatsApp channel for all the latest updates) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Regulatory gray area makes investing in LVMH, BP tough For Indian retail How IDBI banker landed plush Delhi properties in Amtek's INR33k crore skimming As 50% US tariff looms, 6 key steps that can safeguard Indian economy Jane Street blow pushes Indian quants to ancient Greek idea to thrive Stock Radar: Astra Microwave showing signs of bottoming out after 16% fall from highs; time to buy? F&O Radar | Deploy Broken Wing in Paytm to play stock's bullish outlook These 9 banking stocks can give more than 28% returns in 1 year, according to analysts Why 2025 Could Be The Astrological Turning Point We've Been Waiting For
&w=3840&q=100)
Business Standard
20-05-2025
- Business
- Business Standard
SBI board panel nods to overseas fundraise of up to $3 billion in FY26
Country's largest lender State Bank of India's board of directors on Tuesday approved the bank's plans to raise nearly $3 billion through long-term instruments from the international market in 2025-2026 (FY26). The funds will be raised in single and multiple tranches through a public offer or private placement of senior unsecured notes in US dollar or any other major foreign currency, SBI said in a BSE filing. Its stock closed 1.2 per cent lower at ~785.35 per share. In FY25, its gross advances in international business grew by 14.84 per cent year-on-year (Y-o-Y) to ~6.19 trillion at the end of March 2025. The deposits of foreign offices rose by 12.3 per cent to ~2.15 trillion. Much of the bank's overseas business is funded by international market borrowings. According to SBI's analyst presentation, the External Commercial Borrowings (ECBs) by entities from India, Local Credit in overseas territories, and Trade Finance business were key drivers of customer credit. The growth in customer credit is majorly contributed by US Ops, GIFT City, Singapore, West Asia, and East Asia regional branches. Traditionally, all three components are equally balanced between 33 per cent and 34 per cent, said Managing Director (IB, Global Markets and Technology) Rama Mohan Rao Amara in an analyst call. But it saw a marginal uptick in India-linked loans in the second-half of last year on higher demand from the Indian corporate for raising ECBs because of the cost arbitrage. Even on a fully hedged basis they had a cost advantage compared to rupee lending, he added.
Business Standard
14-05-2025
- Business
- Business Standard
New York-based BAT VC Announces India Entry with $100 Million AI-focused Fund II
VMPL New York [US], May 14: BAT VC, a prominent New York-based venture capital firm, announced its entry into India, unveiling plans to invest up to $100 million through its second fund targeting India-linked startups specializing in AI and DeepTech disruptions in FinTech and B2B SaaS. Fund II builds on BAT VC's successful track record of identifying high-potential startups early, demonstrated through investments in Wand AI, StockGro, Nickelytics (acquired), Accern (acquired) and Uptiq AI from its previous fund. India's AI sector is entering a golden era, growing at 32% annually and projected to reach $23 billion by 2027. The country now boasts a pool of 450,000+ AI/ML professionals and an ecosystem ripe for global scale. In parallel, India's enterprise SaaS market surged to $8.7 billion, growing at a 35% CAGR--twice the global average. U.S.-India cross-border AI investments grew 180% to $4.7 billion in 2023, and the convergence of talent, capital, and market access has created a uniquely compelling investment landscape. The new India-focused initiative will be spearheaded by BAT VC's three General Partners: Manish Maheshwari, ex-Twitter India head, Mason Fellow at Harvard University and former Flipkart executive, whose AI venture, was recently acquired. Aditya Mishra, who achieved a successful entrepreneurial exit with FaceLogique and has held executive roles at Yahoo!, G/O Media, Accenture, and EY. Ravi Metta, former CTO at Finastra and product engineering leader at Intuit, brings deep technical expertise and a proven track record of driving innovation. "My move to Bengaluru underscores our conviction in India's potential to lead the next wave of AI-driven global growth," said Manish Maheshwari, General Partner and India Head at BAT VC. "We aim to back Indian founders building globally relevant AI products, supported by capital and perspective from both the US and India," said Aditya Mishra, Managing Director and General Partner. "Our technical depth enables us to identify high-impact AI startups early and guide them through global scale-up," said Ravi Metta, General Partner. India's startup ecosystem has grown significantly, with funding doubling to $27 billion, a 3x increase in scaled startups (>$10M revenue), and over $36 billion in public tech exits over the past five years--driven by momentum in fintech, SaaS, and digital innovation. Yet, India remains under-allocated: it receives just 5% of global VC capital despite representing nearly 20% of the world's population. This gap represents an arbitrage opportunity. The firm has garnered substantial interest from institutional investors and family offices in both the US and India, reflecting growing global confidence in India's potential. These stakeholders increasingly recognize India as the next big venture capital opportunity, especially as China-related risks grow and capital looks for alternative high-growth markets. Fund II reflects BAT VC's belief that India is no longer a frontier, but a core allocation for forward-looking global LPs. For more information, visit
