Insurance News

Medical inflation of roughly 12% to 14% a ​year puts pressure on families and prompts authorities to hunt ways to standardise pricing and ‌coverage

LIC's value of new business rose 61.3 per cent in the June quarter as a shift towards higher-margin non-participating products supported a sharp margin expansion

Shares of general insurers advanced after the Supreme Court directed the insurance regulator to consider longer Motor Third Party insurance tenures and measures to improve insurance coverage.

The court has proposed linking fuel purchases, number-plate cameras and police enforcement to insurance databases as 56 per cent of vehicles in India remain uninsured

Legal experts say the revised regulations could require more insurance share transfers to seek prior regulatory approval, despite higher thresholds under the SBSR Act

Insurance body says the advisory follows ICMR and health ministry guidelines, aims to curb unnecessary hospital admissions and does not restrict doctors' clinical autonomy

The regulator has mandated greater sales traceability and disclosures for intermediaries while allowing insurers more flexibility in investment across select asset classes

Ajay Seth says deceptive digital practices erode consumer trust and urges insurers to improve transparency, informed consent and customer-first design across online platforms

Here's how to trace unclaimed payouts and recover money due to you or your family.

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

Multi-year health insurance plans offer premium stability and upfront discounts, but buyers should weigh flexibility, portability and future healthcare needs

As cyberattacks surge, insurers rush to launch cover-but can insurance keep up with India's digital risks?

Draft norms seek to formalise stakeholder engagement, consultation processes and periodic review of insurance regulations

Private equity-backed transactions accounted for 92% of claim notifications, with tax-related issues emerging as the most common trigger

The agreement will see TCS modernise and manage Canada Life's IT infrastructure across its European businesses, leveraging AI and digital capabilities to improve resilience and automation

Health insurance is driving a surge in insurance complaints, with grievance filings rising sharply despite the segment accounting for a relatively small share of premiums

Irdai's revised compensation norms linking executive pay to customer outcomes and compliance metrics have sparked concerns over growing regulatory intervention

Praxis Global Alliance says high intermediary commissions keep general insurance expense ratios elevated, with renewal business continuing to remain acquisition-cost heavy

Didn't Know About Debit Card Insurance? This SBI Case Could Impact You

Irdai said fresh regulations and amendments to existing insurance norms will be completed within six months of implementing the amended insurance law framework