Insurance News

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

FDI cap hike to 100% in insurance to boost coverage, jobs: Experts

Increasing the foreign direct investment limit to 100 per cent in the insurance sector will help expand coverage, create jobs and make life cover policies more affordable and accessible, said experts. They were commenting on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which was passed by the Parliament on Wednesday. The bill seeks to raise FDI (foreign direct investment) limit in the insurance sector from 74 per cent to 100 per cent. Terming the legislation as a landmark reform, Bajaj General Insurance MD and CEO Tapan Singhel said it reflects a government that has listened carefully to citizens and industry stakeholders and responded with a long-term vision. By strengthening policyholder protection, improving transparency, and empowering the regulator, the Bill builds trust at the core of the insurance system, Singhel, who is also the chairman of the General Insurance Council, said. "This will help expand insurance coverage, create jobs across the value .

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

More than 80 per cent of Indians with disabilities remain uninsured, and over half of those who apply are often rejected without explanation despite legal safeguards meant to ensure equal access to health coverage, a new white paper released on Thursday has found. The report, titled Inclusive Health Coverage for All: Disability, Discrimination and Health Insurance in India, was launched by the National Centre for Promotion of Employment for Disabled People (NCPEDP) at a roundtable attended by policymakers, insurers, and disability rights advocates. Drawing on a nationwide survey of over 5,000 persons with disabilities across 34 states and union territories, the study warns that deep systemic inequities continue to block nearly 16 crore disabled Indians from both public and private insurance schemes. According to the findings, 80 per cent of respondents had no health insurance, while 53 per cent of those who applied said their applications were rejected. Many reported being turned a

A good health insurance plan can be a life-saver in more than one way

Here are some of the best health insurance plans for young women living in metro cities

Private life insurers see early demand surge after nil GST rollout

Private life insurers report strong post-GST growth as customers respond positively to the nil GST regime; term insurance demand surges 2.5x, say ICICI Prudential, HDFC Life

Life insurers' new business premium rises 14.8% in September 2025

Robust group segment performance led by LIC and private players drives 14.8 per cent year-on-year growth in new business premium for life insurers

Buying, renewing and claiming insurance may soon get easier with Bima Sugam

IRDAI's Bima Sugam aims to be a one-stop shop for all insurance needs, from buying and renewing policies to filing claims, making access easier and more transparent for policyholders.

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

Life insurers' new business premium rises 22% to ₹38,958 cr in July

Driven by LIC's group single premiums and private sector's individual policies, life insurers posted 22.4% YoY NBP growth in July despite a dip in total policy count

Renewal of life insurers' policies, after 1 year, declines in June quarter

Persistency is the proportion of life insurance business renewed from the business underwritten. The ratio is measured in terms of number of policies and premiums underwritten

Drop in high-value ticket life policies drags 13th-month persistency ratio

The decline in the share of high-value policies is largely on account of taxation changes in this segment, which HNIs were earlier using to get tax-free returns

No insurance claim for reckless driving, says SC: Read fine print carefully

'Insurance is a protective tool, not a safety net for irresponsible behaviour,' says expert, as SC ruling limits payouts in accidents caused by the policyholder

80% of Indians not sure what their insurance policy covers: Survey

Most people hold multiple policies but can't correctly tell what help they will get in emergencies

Marine, trade risk insurance likely to face US reciprocal tariff heat

According to industry experts, if the 26 per cent tariffs are imposed on India's goods, it is expected to put pressure on marine and trade risk insurance in the country