Insurance

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

Generali Central General Insurance targets ₹10K cr premium in five years

The insurer plans to focus on profitable growth by expanding retail health, fire and SME insurance while reducing exposure to intensely competitive group health business

Mastering the evolving insurance business

In this session, Gaurav Banka, Chief Risk Officer, Aviva India, talks about the insurance sector and provides career tips to the B-Schoolers.

Pvt life insurers rekindle agency networks amid scrutiny over bancassurance

Private life insurers are ramping up agency investments to diversify distribution as concerns over bancassurance mis-selling trigger closer scrutiny

IPL insurers may see fewer claims this year on lower weather disruptions

Insurers' loss ratio is estimated at 60-70%, 10-15 percentage points lower than last season

Insurance, credit line: How to be financially set for medical emergencies

A contingency fund ensures that sudden healthcare expenses do not derail long-term financial stability

Irdai proposes perpetual registration framework for TPAs under SBSR Act

The regulator has proposed a transition framework for existing third-party administrators, along with an annual fee mechanism under the SBSR Act regime

Premium to taxes: What young families should know about buying insurance

An insurance policy should be selected based on other factors such as risks and the number of family members

India charts course for homegrown maritime insurer blueprint: Study

India faces $45-60 mn foreign outflows in P&I costs, according to a govt study

Thaw in West Asia: Marine insurance rates ease, market awaits durable peace

Industry executives expect war-risk insurance rates to soften further if the US-Iran agreement leads to sustained reopening of the Strait of Hormuz and lower regional tensions

Turtlemint sets ₹144-152 price band for ₹883-crore public issue

The insurance-distribution platform aims to raise ₹883 crore through a mix of fresh issue and offer for sale, valuing the company at about ₹4,513 crore

Mutation to insurance: Extra costs you should budget for when buying a home

Stamp duty and registration fee are two costs that lenders won't pay for and you have to pay them

Insurance is not investment: Know what it means and how it helps families

Insurance ensures that one unfortunate event does not lead to financial disaster

How to update nominees for bank, insurance, mutual fund, demat accounts

Having one or two nominees is enough; add more only if there's a clear reason

Medical costs up, ICICI Lombard makes a case for higher health cover

The insurer said customers should consider higher sums insured to keep pace with rising treatment costs, while stressing that the final decision rests with policyholders

Checking digital insurance fraud key to financial inclusion goals

As digital platforms expand coverage across India, cybercriminals are targeting first-time buyers with online scams

LIC targets stronger market leadership as it approaches platinum jubilee

LIC CEO and MD R Doraiswamy has said that despite rising competition in the life insurance sector, the Corporation will stay focused on strengthening its leadership position while contributing to the national development as it heads toward its platinum jubilee. Insurance behemoth LIC alone commands close to 60 per cent market share in the life insurance segment and manages assets of over Rs 57 lakh crore. It has real estate properties valued at around Rs 60,000 crore. The story of Life Insurance Corporation of India (LIC), which completed its 70th year of existence, is inseparable from the story of India. "As the economy grows, LIC grows. LIC growth helps the economy grow. So, it has been a synergetic kind of relationship that LIC has been having," he told PTI in an interaction. Reflecting on the organisation's remarkable journey since its inception in 1956, he said that LIC's growth has always been closely intertwined with India's development. Built on the vision, dedication and

Coverage to exclusion: 8 terms to check in a policy before buying insurance

Some other things that matter include waiting period, deductibles and claim conditions