Insurance

RBI urges cost cuts; PFC–Sidbi scrap bond issues; insurance premiums surge in November & more

RBI Governor Sanjay Malhotra has urged bank CEOs to reduce intermediation costs and improve operational efficiency, citing the 125-bps rate cuts since February.

Rich Insights from Edelweiss Life Insurance CDO

In this Manager’s Mantra session, Anup Seth, Chief Distribution Officer, Edelweiss Life Insurance provides rich insights on the insurance sector and gives valuable career guidance to the BSchoolers. >

Bima Sugam can widen insurance access, say industry leaders at BFSI Summit | Insurance sector

Bima Sugam, hailed as the “UPI (Unified Payments Interface) moment for insurance”, is poised to transform India’s insurance landscape by creating a unified digital marketplace for all insurance

As insurance regulator, I have an open mind: Irdai Chairman Ajay Seth

IRDAI chief outlines priorities on GST reforms, capital efficiency, Bima Sugam rollout, and risk-based supervision, promising orderly growth and stronger policyholder protection

GST cut puts insurance on par with food in fiscal policy, says IRDAI chief | BFSI Summit 2025

The government’s latest fiscal stance with the Goods and Services Tax (GST) rate cut on health insurance has elevated insurance to the same priority level as essential goods like food

Best & brightest at BFSI Summit: India's biggest finance event returns

From October 29 to October 31, the summit will feature keynotes, fireside chats, and panels on policy, digital banking, insurance, and AI in finance

Rajasthan govt doles out crop insurance to farmers amid heavy rains

Farmers have suffered heavy losses in parts of the state due to a flood-like situation because of heavy monsoon rains.

Insurance complaints up 45% in Q2 2025, most about health policies: Report

Younger customers most active in disputing claims and policies, says Insurance Samadhan

UPI's new high value transaction limits kick in: Here's what changes

Starting September 16, UPI is no longer just for small daily payments. With raised limits for insurance, investments, and even jewellery purchases.

Rising bike accidents, costlier EV repairs push up insurance claims: Report

Insurance claims for two-wheelers are surging, with mid-segment bikes and EVs driving the trend as metro riders face higher risks and repair bills continue to climb.

Bima Sugam to roll out in phases for insurers, intermediaries, customers

Bima Sugam India Federation said the digital insurance marketplace will launch in phases this year with pilot insurer integrations and gradual customer onboarding

Think your gym injury is covered? Your health insurance may say no

Gym-related injuries are usually covered under health insurance, but exclusions around steroids, unsafe practices, and hazardous sports may lead to claim rejections

Guaranteed return, tax breaks key benefits of retirement-focused insurance

Remember that their internal rate of return could be low, and unlike annuities, they do not make payments for life

More organisers opt for event insurance before major festive season

The Dahi Handi festival saw 160,000 participants insured for ₹10 lakh each, with the Maharashtra government bearing the cost for 150,000 Govindas

What are the best life insurance plans available for young professionals?

A good life insurance policy is a must for young, working professionals in cities. Here are some of the best premium plans from Morningstar

Home insurance claims: Begin repairs only after surveyor's inspection

Non-disclosure of property extensions, late intimation, and incomplete paperwork may reduce or void claims

Strong Q1 results, guidance lift New India Assurance shares by 18%

New India Assurance shares soar as insurer posts 80 per cent rise in profit, guided for lower combined ratio despite underwriting hit from Air India crash

Tesla's entry into India to bring innovation in EV insurance space

Tesla's entry into India will drive innovation in the EV insurance market, prompting insurers to rethink product offerings and embrace technology-driven solutions

Irdai unlikely to act against bancassurance despite mis-selling fears

Insurance regulator finds bancassurance mis-selling not alarming and rules out coercive curbs while continuing to advise insurers to list for transparency and governance

To be inclusive, insurance will need a mix of tech and human touch

While digital channels drive accessibility and cost efficiency, physical touch points build confidence and cater to the underinsured segments