Insurance

Flood-damaged home? Know what insurance policy covers and how to claim

Check sub-limits and exclusions, document damage promptly, and avoid permanent repairs before inspection

The Law School for MBAs | Learn from the legal stalwart

In this session, Insurance & Regulatory Legal Counsel, Lokanath P. Kar provides suggestions to young leaders and businesses on navigating legal affairs.

Why more Indians are surrendering life insurance policies before maturity

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?

Hit by uninsured vehicle? Here is how you can claim compensation

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

Insurance sector poised for growth, but profitability concerns persist: S&P

S&P Global Ratings says reforms and low insurance penetration support long-term growth, but underwriting pressures and weak profitability remain key risks for insurers

No fuel without insurance? Why the Supreme Court wants this rule

The Supreme Court has proposed stricter measures to tackle the growing number of uninsured vehicles on Indian roads. From automatic e-challans using technology to a possible pilot

'No third-party insurance, no fuel': SC asks Centre to launch pilot project

In a significant verdict, the Supreme Court on Tuesday took serious note of a large number of vehicles plying without third-party insurance cover and directed the Centre to evolve a pilot project by which fuel for vehicles can be refused at petrol pumps until valid insurance is obtained. The top court took note of the number of road accidents on national highways and also the effect of long queues at toll plazas, and directed the Centre to implement pilot projects on certain corridors, substituting the process of stopping at toll plazas with automatic detection of vehicles passing through toll points. A bench of Justices Sanjay Karol and Prashant Kumar Mishra, which flagged the lack of compliance of provisions of the Motor Vehicles Act requiring all vehicles to have a valid insurance policy covering third parties, said it is shocking to learn that nearly 56 per cent of vehicles plying on Indian roads remain uninsured according to the Report of the Standing Committee on Finance ...

Build layered health cover to shield finances from critical illnesses

Combine a robust base health plan with a super top-up, critical illness cover and a dedicated medical corpus to protect household finances from soaring treatment costs

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

Marine war-risk premiums harden amid renewed West Asia tensions

War-risk insurance premiums on Gulf shipping routes have surged amid renewed West Asia tensions, raising costs for vessels avoiding high-risk corridors

How young families should prioritise insurance purchases, avoid mistakes

Do not get into investment-linked insurance plans until you have cleared the basic hurdles of protection

How to choose the right health, life insurance policies for your family

Your protection premium (health plus term) should not exceed 5-8% of your annual income

RBI's Financial Inclusion Index rises to 70 in FY26 on higher usage

RBI's Financial Inclusion Index improved to 70 in FY26 from 67 a year earlier, driven mainly by higher usage, while all three sub-indices registered growth

StanChart values partnership, expects tie-up to continue: ICICI Pru Life

The insurer says its decade-long bancassurance partnership with Standard Chartered remains strong despite speculation following Prudential Plc's Bharti AXA Life acquisition

What's next for insurance after 100% FDI: Governance challenges ahead

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

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

PhonePe Insurance CEO exits as fintech merges insurance with payments biz

Vishal Gupta, part of PhonePe's founding team, has stepped down as the fintech integrates its insurance business with its consumer payments business

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

Rating upgrade to A will put GIC Re in a more stable position: GIC Re CMD

GIC Re chief Hitesh Joshi outlines plans to strengthen underwriting, diversify globally, expand specialty reinsurance and capitalise on emerging risk opportunities

Bima Sugam's first products set for Sept-end launch: Irdai Chairman

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