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 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
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
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
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
The Prudential-HCL Group joint venture becomes India's eighth standalone health insurer, with the regulator issuing its third registration of calendar year 2026
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 regulator has proposed permitting insurers to invest a portion of surplus shareholders' funds in eligible private companies while tightening promoter-group exposure norms
The regulator has proposed a transition framework for existing third-party administrators, along with an annual fee mechanism under the SBSR Act regime
The working group will guide insurers on AI adoption, governance and oversight while ensuring policyholder interests and data protection remain safeguarded
