Insurance News

Health coaching saves ₹1.72 for every ₹1 spent, cuts claims by 31%: study

Each additional coaching interaction reduced preventable claim costs by an average of ₹668

Irdai clears Allianz Jio Reinsurance, Kiwi General Insurance to begin ops

In a press release following its 134th board meeting, the regulator said it had granted certificates of registration to one reinsurer and one general insurer

Home insurance policy: Know coverage nuances to avoid claim surprises

Some risks are covered, others require purchase of add-ons, and yet others are completely excluded

100% FDI gives flexibility to serious insurers: Generali Central Insurance

Anup Rau shared his views on FDI, insurance penetration, regulation, bancassurance, and the company's growth plans

Acts of war and your policy: What travel insurance refuses to cover in 2026

War-linked travel disruptions, evacuations and stranding costs remain largely excluded under standard travel insurance policies, experts say

Insurers face rising losses as civil unrest grows in wealthy nations

Claims tied to SRCC, strikes, riots and civil commotion, are emerging as a growing headache for insurers as episodes of unrest increasingly lead to the destruction of property in Western democracies

Factors That Matter More Than Premiums When Buying a Term Insurance Plan

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What are the best term insurance premium rates for young professionals?

Here is a selected list of the best term insurance rates from various insurers for young male professionals living in a large city

Top Strategies for Financial Safety: Why Term Insurance and Savings Plans Matter

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Private life insurers see early signs of recovery in credit life business

In a post-earnings analyst call, ICICI Prudential Life Insurance's management said the MFI-linked credit life segment has begun to revive during the quarter

Travel, insurance emerge as biggest spends of Indian households in CY25

On the other hand, Education, media and entertainment, and e-commerce together account for only a modest slice of household budgets

Cost cuts, distribution reforms key to tapping 'missing middle': Eco Survey

High acquisition and distribution costs are hurting insurance affordability, limiting reach to the 'missing middle' and keeping penetration stuck despite rising insurance density

India's insurance premiums to grow 6.9% annually till 2030: Report

Swiss Re flags India as the world's fastest-growing major insurance market by the end of the decade

EDME Insurance eyes overseas expansion, targets ₹1,600 cr business

EDME Insurance Brokers, formerly Aditya Birla Insurance Brokers Ltd, is eyeing an overseas expansion and aims to double its business to Rs 1,600 crore over the next five years. "We would also like to spread our wings outside India, namely to Dubai, Singapore and London as well. We feel that, in the next one year or so, we will set up offices in both Singapore and Dubai. So, London might come later," EDME Insurance Brokers Chief Executive Officer Sanjay Radhakrishnan told PTI. Talking about the acquisition of UIB Insurance Brokers (India) Pvt Ltd, he said that with the buy, business has increased to about Rs 850 crore. With the deal, he said, EDME Insurance Brokers has become the second largest in the country after Marsh. For the rapid growth, he said, "We have identified around 14-18 industries that we want to focus on. For example, IT and BFSI, construction, infrastructure, and power. We are also looking at sports, media, and entertainment. Additionally, we are looking at mergers

Check the best term insurance premium rates for young professionals

Here is a selected list of the best term insurance rates from various insurers for young male professionals living in a large city

Ensure faster grievance redressal, claims settlement: FinMin to insurers

Financial Services Secretary M Nagaraju on Tuesday asked Public Sector Insurance Companies (PSICs) to ensure timely resolution of public grievances and to provide seamless, prompt claims processing, in order to provide efficient services to customers. Chairing a meeting to review the financial performance of PSICs for FY25 and the first half of FY26, Nagaraju emphasized that PSICs should focus on increasing profitable business and devise strategies to reduce loss ratios, while maintaining market share and consistently strengthening their retail portfolios. The meeting was attended by Life Insurance Corporation of India (LIC) CEO and MD R Doraiswamy, General Insurance Corporation of India (GIC) ED Hitesh Joshi, New India Assurance Co. Ltd (NIACL) CMD Girija Subramanian, National Insurance Co. Ltd (NICL) CMD Rajeshwari Singh Muni and United India Insurance Co Ltd (UIICL) CMD B S Rahul. Besides, Oriental Insurance Co Ltd (OICL) CMD Sanjay Joshi and Agriculture Insurance Company of Indi

Who Should Buy Workmen Compensation Policy?

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Insurers approach Irdai over common directorship rule in new Bill

Insurance companies have sought clarification from Irdai on a provision barring directors from holding board roles across insurers, banks and investment firms, citing governance and compliance concern

Term insurance: Marriage, childbirth, loans are triggers to raise cover

Experts say term insurance must be reviewed annually as income, liabilities and family responsibilities evolve, with life events often necessitating higher protection

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