Insurance

War-risk insurance premiums on Gulf shipping routes have surged amid renewed West Asia tensions, raising costs for vessels avoiding high-risk corridors

Do not get into investment-linked insurance plans until you have cleared the basic hurdles of protection

Your protection premium (health plus term) should not exceed 5-8% of your annual income

RBI's Financial Inclusion Index improved to 70 in FY26 from 67 a year earlier, driven mainly by higher usage, while all three sub-indices registered growth

The insurer says its decade-long bancassurance partnership with Standard Chartered remains strong despite speculation following Prudential Plc's Bharti AXA Life acquisition

India's 100% FDI regime for insurance opens the sector to global players, but faster approvals, stronger oversight and AI safeguards will determine its long-term success

US insurer Nationwide has opened its Global Services Center in Hyderabad, expanding its global footprint and strengthening technology, engineering and business capabilities

Vishal Gupta, part of PhonePe's founding team, has stepped down as the fintech integrates its insurance business with its consumer payments business

The insurance regulator is expected to propose staggered commission payouts over the life of a policy and link remuneration to advisory and after-sales services

GIC Re chief Hitesh Joshi outlines plans to strengthen underwriting, diversify globally, expand specialty reinsurance and capitalise on emerging risk opportunities

Irdai Chairman Ajay Seth says Bima Sugam will roll out initial motor, health and term insurance products by September-end as insurers complete technology integration with the platform

The insurer plans to focus on profitable growth by expanding retail health, fire and SME insurance while reducing exposure to intensely competitive group health business

In this session, Gaurav Banka, Chief Risk Officer, Aviva India, talks about the insurance sector and provides career tips to the B-Schoolers.

Private life insurers are ramping up agency investments to diversify distribution as concerns over bancassurance mis-selling trigger closer scrutiny

Insurers' loss ratio is estimated at 60-70%, 10-15 percentage points lower than last season

A contingency fund ensures that sudden healthcare expenses do not derail long-term financial stability

The regulator has proposed a transition framework for existing third-party administrators, along with an annual fee mechanism under the SBSR Act regime

An insurance policy should be selected based on other factors such as risks and the number of family members

India faces $45-60 mn foreign outflows in P&I costs, according to a govt study

Industry executives expect war-risk insurance rates to soften further if the US-Iran agreement leads to sustained reopening of the Strait of Hormuz and lower regional tensions