Try GOLD - Free
MFI stress erases life cover for 50 mn
Financial Express Delhi
|June 28, 2025
Cascading Effect
THE STRESS IN the microfinance sector led the country's top life insurers to sharply reduce exposure to group credit life insurance, resulting in around 50 million people losing the life insurance cover in FY25, the steepest annual decline on record.
The total loan disbursal by the microfinance industry declined 25% in FY25 to ₹1.12 lakh crore, the latest report of Microfinance Industry Network showed, as lenders cut back exposure and reduced the borrower base in response to rising defaults and credit stress in the sector.
Regulatory filings under Forms L-37 and L-28, which track the number of lives insured, show that HDFC Life Insurance, ICICI Prudential Life, SBI Life and Bajaj Allianz Life have significantly reduced their exposure to this product category in FY25. Both are quarterly disclosures.
This story is from the June 28, 2025 edition of Financial Express Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Delhi
Financial Express Delhi
An extraordinary failure of tax governance
It’s time for the government to write off the unrealised tax revenue not under dispute and relieve taxpayers from unwarranted harassment
2 mins
January 14, 2026
Financial Express Delhi
AI drives HCLTech growth; impact softer for TCS
THE THIRD-QUARTER EARNINGS of Tata Consultancy Services (TCS) and HCLTech show diverging trends on artificial intelligence (AI) revenues for the IT majors as both scale up the next-gen technology integration into their business models.
1 mins
January 14, 2026
Financial Express Delhi
Inclusion of Indian bonds in Bloomberg index delayed
THE DEFERMENT OF India’s inclusion in the Bloomberg Global Aggregate Index triggered a selloff in the bond market on Tuesday, pushing the 10-year benchmark yield higher, ending the day at 6.63%, down 3 basis points (bps).
1 min
January 14, 2026
Financial Express Delhi
Age is just a number
HOW SANTOOR’S SLOW BURN STRATEGY MADE IT THE COUNTRY’S TOP-SELLING SOAP
3 mins
January 14, 2026
Financial Express Delhi
AI-linked hiring may jump 32% in 2026
INDIA’S JOB MARKET ended 2025 on a strong footing as AI powered a broad-based hiring revival across sectors and cities.
1 min
January 14, 2026
Financial Express Delhi
Peering into the future of an uncertain world
OVER THE PAST few decades, humanity has achieved what earlier generations would have called miracles.
3 mins
January 14, 2026
Financial Express Delhi
Samsung bullish on India, bets on rising economy
CONSUMER ELECTRONICS MAKER
1 min
January 14, 2026
Financial Express Delhi
Operation Sindoor ongoing: Army chief
• We were ready to launch ground ops: Gen Dwivedi
2 mins
January 14, 2026
Financial Express Delhi
FICCI moots mega electronics park
AS PREPARATIONS GATHER pace for the upcoming Union Budget, industry body FICCI has urged the government to establish a mega electronics industrial park, with self-reliance placed at the centre of such an initiative.
1 min
January 14, 2026
Financial Express Delhi
India’s next credit reform
FINANCIAL ASSET TOKENISATION OFFERS AWAY TO CONVERT DATA-DRIVEN INCLUSION INTO CREDIT DEPTH
4 mins
January 14, 2026
Listen
Translate
Change font size