Insurance News

Irdai's revised share-transfer regulations may raise compliance burden

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

General Insurance Council defends fever admission advisory framework

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

Insurers expect claims worth ₹5K cr amid floods, waterlogging in Gujarat

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

Irdai tightens intermediary rules, eases insurers' investment norms

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

Irdai grants licence to ProTec General Insurance, fourth approval in 2026

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

Irdai chief urges insurers to eliminate dark patterns from websites, apps

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

Climate 'black swan' risks: Why investors are preparing for the worst

Climate risks are no longer just an environmental concern. Large investors are now studying whether climate tipping points could trigger sudden losses across financial markets

Life insurers' ad expenses fell 19.16% to ₹3,211.6 crore in FY26

Private life insurers pared advertising and publicity spending amid GST changes, EoM pressures and restructuring after the loss of input tax credit benefits

Regulatory changes, valuation pressures pull down life insurers' returns

Three of India's four listed life insurers have delivered negative returns over the past five years as repeated regulatory changes, slower growth and lower valuations weighed on investor sentiment

US insurer Nationwide launches Hyderabad centre to expand globally

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

Life insurers' June premium rises 13% on strong private sector growth

Life insurers' new business premium rose 13.07 per cent in June, as strong growth by private insurers offset modest gains at LIC and lifted the industry's overall performance

Why India's pension sector reforms need stronger demand from workers

While pension reforms and new retirement products are expanding choices, experts say changing younger workers' perception of retirement savings is crucial to boosting participation

Non-life insurance premiums grow 16% in June, highest in five months

India's non-life insurance industry posted its fastest monthly premium growth in five months in June, driven by strong gains in the general insurance and standalone health segments

Protection biz growth may cushion GST hit for life insurers in Q1

Growth in protection products is expected to offset the impact of GST-related input tax credit changes on life insurers, while lower combined ratios may support non-life insurers' profitability

Amit Shah unveils plan for a cooperative life insurance company

The government plans to launch a cooperative life insurance company and expand Bharat Taxi, aiming to boost financial inclusion and deepen the cooperative model in new sectors

ICICI Pru Life to become ICICI Life as Prudential seeks reclassification

The insurer will seek Irdai approval for the name change as Prudential Corporation Holdings begins the process of reclassification from promoter to investor

Young Indians drive boom in unlimited health cover: Policybazaar data

Rising medical costs and greater awareness are driving demand for unlimited sum insured health plans, with millennials, Gen Z and consumers in smaller cities leading the shift

Irdai plans overhaul of commission rules to curb insurance misselling

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

Irdai grants health insurance licence to Prudential HCL joint venture

The Prudential-HCL Group joint venture becomes India's eighth standalone health insurer, with the regulator issuing its third registration of calendar year 2026

Life insurance policy surrenders outpaced maturity payouts: RBI report

Reflects policyholder dissatisfaction, product mis-selling, among others