Insurance Plans

The Employees' State Insurance Corporation (ESIC) has extended the New Amnesty Scheme, 2025, for three months till December 31, 2026, giving employers and insured persons more time to resolve pending cases, a labour ministry statement said. Post review of representations from various stakeholders, the Employees' State Insurance Corporation has extended the 'New Amnesty Scheme, 2025' which ran from October 1, 2025, to September 30, 2026, for a further period of three months -- from October 1, 2026 to December 31, 2026 -- on existing terms and conditions, the statement said. The 'New Amnesty Scheme 2025' is a one-time dispute resolution initiative aimed at reducing the backlog of court cases and promoting compliance under the erstwhile ESI Act. It provides a structured mechanism for employers to resolve legal disputes with ESIC for an out-of-court settlement. The scheme allows settlement of ad-hoc assessments by paying actual contributions and interest, without damages being levied,

More than half of insurance buyers stick to their online shortlist after consulting an agent, while digitally informed customers generate 40 per cent higher policy premiums than traditional buyers

Premium rates are hardening by nearly 25-30 per cent, mainly through a reduction in discounts, according to Bajaj General Insurance

Collect evidence at accident site, file FIR, avoid hasty settlements, and file MACT claim against driver and registered owner

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

A 'three-click' checkout for high-value insurance without thorough medical or lifestyle vetting is a major red flag

Stronger inflows into such funds will boost demand for ultra-long bonds - which these funds heavily invest in - at a time when the federal and state governments' supply has risen

Only highly conservative investors who are satisfied with steady but low returns over a long span may consider them

This is despite sharper push towards protection products after GST relief

Those prioritising higher returns and greater flexibility may prefer term cover with mutual fund investments

Bajaj Finserv, along with Bajaj Holdings & Investment and Jamnalal Sons, acquired the foreign insurer's 23 per cent stake in the businesses, marking the largest transaction in Indian insurance sector

The Finance Ministry is considering an earlier proposal to merge the three state-owned general insurance companies into a single entity, following their improved financial health, to achieve better efficiency and scale. The government infused Rs 17,450 crore between 2019-20 and 2021-22 in three PSU general insurance companies, namely Oriental Insurance, National Insurance and United India Insurance, to bring them out of financial distress. In the Budget for 2018-19, the then finance minister Arun Jaitley announced that the three companies -- Oriental Insurance, National Insurance, and United India Insurance -- would be merged into a single insurance entity. However, the government dropped the idea in July 2020, and the Union Cabinet rather approved a capital infusion of Rs 12,450 crore into the three general insurance companies. As their finances have improved, the finance ministry is doing a preliminary assessment of the merger of these entities with a view to improving their ...

The JV aims to offer long-term savings and protection solutions tailored to the diverse and growing needs of India's population, in line with India's 'insurance for all' vision by 2047

Irdai Chairman Ajay Seth said the regulatory process must integrate policyholders' expectations and strengthen coordination among regulators to address overlaps and systemic financial risks

At the Business Standard BFSI Insight Summit 2025, insurance leaders said GST waiver alone will not boost coverage; better awareness, innovation and risk management are key to sector growth

The National Commission observed that the acquittal of the accused due to lack of evidence could not, by itself, lead to the presumption that no theft had occurred

CoverSure's Firecracker Insurance offers coverage of ₹50,000 for accidental death and ₹10,000 for fire-related burns

Most people buy insurance only after events like marriage, a health scare or changing jobs

Under-40 consumers overlook traditional life insurance plans, citing misalignment with their stage in life (32%), high costs of premiums (28%), and lack of immediate benefits (25%)