IRDAI

The insurance regulator has removed the requirement for prior approval to repatriate dividends by insurance intermediaries with majority foreign ownership

Life and general insurance shares gained amid expectations that Irdai could lower commissions paid to distributors, particularly banks, potentially reducing distribution costs.

The regulator's action against Canara HSBC Life highlights how elderly buyers can be mis-sold unsuitable insurance products and what safeguards they should follow

From policy and claims records to intermediary and grievance data, Irdai's proposal sets out what the registry could connect and how access would be controlled

Proposed registry will provide an interoperable access layer to verified insurance data, helping streamline policy servicing, claims and regulatory oversight

Fire insurance premiums fell 28.5 per cent YoY in April-July as steep discounts and strong reinsurance capacity intensified competition and raised profitability concerns

Regulator's action on EOM breaches signals tighter scrutiny of operating and distribution costs, though experts expect limited short-term business impact

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

Life insurance surrenders have surged, with early exits concentrated in the first two years. Why are policyholders leaving policies early despite tighter disclosure and suitability rules?

Rising life insurance policy surrenders highlight weak policy persistency, underscoring the need for reforms focused on better products, sales practices and consumer retention

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

Most claims are expected from property insurance, with motor claims likely to follow, but insurers do not expect the losses to trigger a revision in property insurance rates

The board approved Bajaj Finserv's entry into reinsurance, subject to Irdai approval, as competition intensifies in a market long dominated by GIC Re

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

Regulator clears acquisition of Magma General Insurance from Sanoti Properties, with Patanjali to acquire a 73.56% stake and DS Group 24.50%

Regulator also approves reforms covering investment norms, intermediary registration, capital raising, governance and policyholder protection measures

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

Dark patterns continue to influence online consumer decisions, with a study finding 95% of listed firms use them. Sebi and Irdai are stepping up action to curb deceptive practices

The central bank has proposed a one-time approval mechanism for mutual funds, insurers and pension funds to acquire major shareholding in banks, replacing repeated approvals