Page 2 - Insurance News

Insurance Amendment Bill: High-commission intermediaries may see payout cut

The Insurance Amendment Bill empowers IRDAI to limit high commissions, reclaim unlawful gains, and strengthen oversight of intermediaries while opening new investment avenues for insurers

Insurance reforms pave way for 100% foreign ownership in pension firms

The measure is an "enabler" that will help draw interest from global investors in the pension fund sector over time

Insurance industry flags concerns over proposed Insurance Amendment Bill

Under the proposed Bill, the revised definition of insurance business seeks to allow insurers to enter into non-insurance contracts as well

Insurance Amendment Bill to ensure accessibility, affordability for all: FM

Nirmala Sitharaman further noted that India needs further capital infusion into the insurance sector

Draft Insurance Amendment Bill: Stricter safeguards on cards for life funds

The Bill also places a cap on payments made from the surplus towards debentures. Payments, including interest, cannot exceed 50 per cent of the disclosed surplus

100% FDI in Insurance: Legacy distribution remains hurdle for foreign firms

The FDI limit in the insurance sector was raised from 49 per cent to 74 per cent in 2021

Tier-II, -III mkts make 62% of new health insurance policies: Report

Policybazaar data shows a structural shift in India's health insurance market, with Tier 2, Tier 3 and rural regions accounting for most new policies in FY26

Insurance industry's premium growth tops 20% for the first time in FY26

Nil GST on premiums, favourable base effect key drivers

DPDP rules lift cyber, D&O cover enquiries, but major demand yet to emerge

India's DPDP Act has prompted firms to reassess cyber and D&O liability limits, lifting enquiries but not yet translating into a surge in purchases

Govt, industry need to act on new age risks: General Insurance CEOs

Industry leaders emphasise the need for dynamic, data-focused models and protection for new infrastructure, like EV charging stations

Bima Sugam will make insurance inclusive, affordable, transparent: Experts

Leaders called Bima Sugam a tool for transparency, affordability and inclusion

After GST rationalisation, innovation will boost life insurance: CEOs

Insurance leaders view the GST waiver as an inflexion point, detailing plans to boost customer value and make products the engine for growth

GST rate cut is a growth opportunity for insurers: Irdai chief Ajay Seth

Making insurance products more affordable shows that the govt views the sector as essential as food, says Irdai chief Ajay Seth

Insurance industry seeks stability amid regulatory and tax turbulence

Regulatory shocks and withdrawal of a tax benefit slowed down growth, nudging firms to focus on affordability, efficiency and chasing more customers

Take cover: Check details, seek written confirmation of terrorism insurance

Terrorism coverage under term, health, and home policies varies across insurers and products, may require rider, and could come with loadings for high-risk occupations and regions

Bill to hike FDI in insurance sector to 100% to be tabled in winter session

Finance Minister Nirmala Sitharaman in this year's Budget speech, proposed to raise the foreign investment limit to 100 per cent from the existing 74 per cent in the insurance sector

Over 80% of Indians with disabilities lack health cover: NGO white paper

Researchers also flagged unaffordable premiums, inaccessible digital platforms, and a widespread lack of awareness about available schemes as major barriers to coverage

Need to track, trace unclaimed insurance funds: Irdai member Iyer

IRDAI member Swaminathan Iyer stresses the need to track ₹1.9 trillion in unclaimed life insurance funds to build trust and boost penetration, vital for achieving 'insurance for all by 2047'

GST cut lifts life, retail health insurance growth: Irdai member Sood

Deepak Sood says zero GST on life and health insurance has sparked strong growth, with demand set to accelerate in H2FY26 as the industry pushes for deeper penetration and better distribution

Irdai monitoring gaps in health insurance claim settlements: Chairman Seth

Ajay Seth says claim payouts often fall short of expectations; stresses prompt, transparent settlement to build trust and achieve 'Insurance for All' by 2047