Insurance News

Currently, 50 per cent of life insurance investment is allocated to government securities and the balance 50 per cent to other alternative investments

Irdai noted that once infrastructure projects begin commercial operations, their cash flows become more predictable and regulated, significantly reducing funding risks

For LIC, the proposed legislative changes will help the company in strengthening its reach, leveraging technology at scale, and for universal insurance coverage

The Insurance Amendment Bill empowers IRDAI to limit high commissions, reclaim unlawful gains, and strengthen oversight of intermediaries while opening new investment avenues for insurers

The measure is an "enabler" that will help draw interest from global investors in the pension fund sector over time

Under the proposed Bill, the revised definition of insurance business seeks to allow insurers to enter into non-insurance contracts as well

Nirmala Sitharaman further noted that India needs further capital infusion into the insurance sector

The Bill also places a cap on payments made from the surplus towards debentures. Payments, including interest, cannot exceed 50 per cent of the disclosed surplus

The FDI limit in the insurance sector was raised from 49 per cent to 74 per cent in 2021

Policybazaar data shows a structural shift in India's health insurance market, with Tier 2, Tier 3 and rural regions accounting for most new policies in FY26

Nil GST on premiums, favourable base effect key drivers

India's DPDP Act has prompted firms to reassess cyber and D&O liability limits, lifting enquiries but not yet translating into a surge in purchases

Industry leaders emphasise the need for dynamic, data-focused models and protection for new infrastructure, like EV charging stations

Leaders called Bima Sugam a tool for transparency, affordability and inclusion

Insurance leaders view the GST waiver as an inflexion point, detailing plans to boost customer value and make products the engine for growth

Making insurance products more affordable shows that the govt views the sector as essential as food, says Irdai chief Ajay Seth

Regulatory shocks and withdrawal of a tax benefit slowed down growth, nudging firms to focus on affordability, efficiency and chasing more customers

Terrorism coverage under term, health, and home policies varies across insurers and products, may require rider, and could come with loadings for high-risk occupations and regions

Finance Minister Nirmala Sitharaman in this year's Budget speech, proposed to raise the foreign investment limit to 100 per cent from the existing 74 per cent in the insurance sector

Researchers also flagged unaffordable premiums, inaccessible digital platforms, and a widespread lack of awareness about available schemes as major barriers to coverage