Insurance Reforms Needed in Budget to Bridge Coverage Gap
India's insurance penetration lags at 3.7% of GDP. Experts urge tax parity for pensions, wealth products & stamp duty relief in rural areas to enhance financial inclusion.
India's insurance penetration lags at 3.7% of GDP. Experts urge tax parity for pensions, wealth products & stamp duty relief in rural areas to enhance financial inclusion.
India's insurance sector is poised for robust growth in 2025, fueled by government reforms, digital adoption, and rising awareness. Leaders highlight key trends shaping the future. Read more.
Insurer rejected a bacterial meningitis claim? Learn the steps to successfully challenge the denial, from policy review to ombudsman. Expert advice from Insurance Samadhan.
Discover crucial yet often overlooked travel insurance covers in India, from adventure sports to mental health. Ensure you're fully protected on your next trip. Read more!
HDFC Securities introduces a Margin Trading Facility (MTF) for Gold ETFs on its HDFC SKY platform, allowing up to 70% leverage. Learn about the costs, risks, and how it works for investors.
As the year ends, consider life insurance as a meaningful gift for lasting financial security. Explore Bandhan Life's plans for wealth and protection, with tax benefits under Section 80C.
Noida's consumer court directs Cigna TTK Health Insurance to pay a ₹35,000 claim with interest for wrongly labeling it as fraud. The insurer failed to verify documents properly. #ConsumerRights #HealthInsurance
Dharwad Consumer Commission orders HDFC Ergo to pay Rs 2.19 lakh claim with interest, Rs 50k compensation for mental agony. Landmark ruling for policyholders.
Tamil Nadu police uncover a chilling plot where two sons allegedly murdered their father using a Russell's viper to claim Rs 3 crore in life insurance. Six arrested in the meticulously planned crime.
Haryana govt reveals Rs 116+ crore in PMFBY crop insurance payouts are stuck for 2022-25. Bhiwani district worst affected. Steps taken for digital resolution.
Choosing term insurance? Don't just look at price. Use these 4 objective metrics—Claim Settlement Ratio, Amount Settlement Ratio, Solvency Ratio & Business Volume—to select a financially stable insurer that will honor claims. Protect your family's future
PNB MetLife partners with Policybazaar to launch DigiProtect, a term insurance plan for salaried individuals. Offers up to ₹5 crore coverage, simplified underwriting. Learn more.
Starting April 2025, term insurance premiums will be GST-free. Learn how this tax change impacts your financial planning and boosts insurance affordability in India.
Lok Sabha passes key insurance bill, raising FDI limit to 100% and strengthening IRDAI. Can it bridge India's low insurance density gap without over-regulation?
Learn how the principle of contribution in marine insurance impacts claim settlements when multiple policies cover the same risk. Essential reading for Indian shippers and exporters.
Parliament has approved the Insurance Amendment Bill 2025, amending three key laws: the Insurance Act, 1938, LIC Act, 1956, and IRDA Act, 1999. Read about the sector's transformation.
The Sabka Bima Sabki Raksha Bill 2025 marks India's biggest insurance reform, allowing 100% FDI, new intermediaries, and stronger policyholder protection. Read the full analysis.
The Indian government is considering a fresh capital infusion of up to ₹5,000 crore into three struggling state-owned general insurers to shore up solvency and enable future reforms like consolidation or sale. Read the full analysis.
The Lok Sabha has passed a crucial bill to increase the foreign direct investment limit in the insurance sector to 100%. This move aims to boost capital inflow and enhance insurance penetration in India. Read more for details and analysis.
PB Partners, a leading PoSP insurance advisor, has inaugurated a new Experience Center in Delhi's Rajendra Place. The center aims to simplify insurance and provide expert guidance to customers.
The new insurance bill aims for 100% FDI, easier access, and universal protection by 2047. Discover how it changes rules for LIC, IRDA, and policyholders.
The Sabka Bima Sabki Raksha Bill 2025 aims to transform India's insurance sector with 100% FDI, niche licences, and a shift to regulation-driven oversight. Read the key changes.
Essential guide for NRIs on term insurance in India. Learn about coverage, tax benefits under Section 80C & 10(10D), and crucial policy guidelines for financial security.
Galaxy Health Insurance announces its foray into travel insurance. MD & CEO G. Srinivasan reveals a ₹400 crore Gross Written Premium target by FY27 and launches a new integrated health product.
India's life insurers are boosting trust with faster, digitized claim settlements. Explore the drivers, regulatory changes, and persistent challenges like nomination gaps. Learn what truly counts in life insurance.
Goa govt approves major overhaul of Kera Suraksha Insurance Scheme, making Rs 7 lakh coverage free for all coconut workers from 2025-26. Details inside.
IndiaFirst Life Insurance enters a strategic corporate agency partnership with Dombivli Nagari Sahakari Bank to offer tailored insurance solutions to the bank's customers in Maharashtra.
A new report reveals compact cars and SUVs account for three-fourths of motor insurance claims in India, while electric vehicles are the most expensive to repair. Discover the data shaping insurance premiums.
A Rajkot woman's insurance claim for knee surgery was rejected as 'experimental.' After 23 years of premiums, the consumer court ruled in her favour. Read the full story.
The Indian government is set to introduce a sweeping insurance reform bill, raising FDI to 100% and introducing composite licences. This aims to boost capital, competition, and penetration in the sector. Read more.