With cancer treatment costs rising, insurers are offering specialised plans that provide staged payouts, long-term financial protection and support across diagnosis and recovery
Insurance companies have shared the data on distributor commissions with Irdai as the regulator reviews distribution models amid concerns over high costs but are yet to get a response
DFS Secretary M Nagaraju urged LIC to strengthen digital capabilities and design products for younger customers to drive insurance adoption and engagement
Irdai strengthens cyber security framework with tighter board oversight, quarterly risk reviews and enhanced compliance norms for insurers and intermediaries
The plan includes a $1.5 billion sovereign guarantee fund to provide insurers with reinsurance support and liquidity should insurance costs remain high, said one government source
Supreme Court directs impleadment of National Insurance CMD in forged policy case, orders SIT probe and flags insurer's failure to act despite alleging fraud
In a press release following its 134th board meeting, the regulator said it had granted certificates of registration to one reinsurer and one general insurer
Claims tied to SRCC, strikes, riots and civil commotion, are emerging as a growing headache for insurers as episodes of unrest increasingly lead to the destruction of property in Western democracies