Insurance News

Multi-year health insurance: Lock in premiums, but check exit rules first

Multi-year health insurance plans offer premium stability and upfront discounts, but buyers should weigh flexibility, portability and future healthcare needs

Cyber insurance race heats up as Liberty joins crowded ₹850-crore market

As cyberattacks surge, insurers rush to launch cover-but can insurance keep up with India's digital risks?

Irdai proposes framework for regulation-making, public consultations

Draft norms seek to formalise stakeholder engagement, consultation processes and periodic review of insurance regulations

India sees 30% rise in transactional risk insurance claims: Marsh report

Private equity-backed transactions accounted for 92% of claim notifications, with tax-related issues emerging as the most common trigger

TCS signs deal to modernise Canada Life's IT infra services across Europe

The agreement will see TCS modernise and manage Canada Life's IT infrastructure across its European businesses, leveraging AI and digital capabilities to improve resilience and automation

Datanomics: Insurance plaints double in six years driven by health

Health insurance is driving a surge in insurance complaints, with grievance filings rising sharply despite the segment accounting for a relatively small share of premiums

Insurers wary as Irdai tightens executive compensation framework

Irdai's revised compensation norms linking executive pay to customer outcomes and compliance metrics have sparked concerns over growing regulatory intervention

Intermediary-led model keeps insurance costs elevated: Praxis Global

Praxis Global Alliance says high intermediary commissions keep general insurance expense ratios elevated, with renewal business continuing to remain acquisition-cost heavy

Missed insurance deadline by six years, woman still wins Rs 5 lakh from SBI

Didn't Know About Debit Card Insurance? This SBI Case Could Impact You

Irdai to frame Sabka Bima, Sabki Raksha Act norms within six months

Irdai said fresh regulations and amendments to existing insurance norms will be completed within six months of implementing the amended insurance law framework

How NPS Swasthya model may reshape elderly healthcare financing in India

PFRDA's proposed NPS Swasthya Pension Scheme seeks to combine retirement savings with healthcare financing, potentially reshaping elderly-care funding beyond traditional insurance models

Private insurers step up commitment to India's new maritime insurance pool

In less than a fortnight of its announcement, private insurers have already committed Rs 1,100 crore to the pool; plans are also afoot to set up an Indian Protection & Indemnity Club

100% FDI in insurance: Will foreign capital lower premiums or raise risks?

Foreign capital enters insurance: What it could mean for premiums, claims, and policyholder protection

Govt notifies 100% FDI in insurance sector under automatic route rules

The move to allow 100 per cent FDI in the insurance sector is expected to boost foreign interest in the sector

Finance Ministry notifies 100% FDI in insurance sector, amends Fema rules

The Finance Ministry on Saturday notified 100 per cent foreign direct investment (FDI) in the insurance sector under the automatic route. While 100 per cent foreign investment will be allowed in insurance companies and intermediaries, including brokers, under the automatic route, the cap is 20 per cent for Life Insurance Corporation (LIC), said the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2026. The Parliament had passed the Sabka Bima Sabki Raksha (amendment of insurance laws) Bill, 2025, in December, 2025, paving the way for hiking the FDI cap in the insurance sector to 100 per cent under the automatic route, from 74 per cent earlier. Subsequently, after the President's assent, the Bill became law. Thereafter in February, 2026, the Department for Promotion of Industry and Internal Trade (DPIIT) under the Commerce and Industry Ministry had notified 100 per cent FDI in the insurance sector.

GST tailwind boosts life insurance premiums, fails to lift policy volumes

Removal of GST on individual policies lifted life insurers' premium growth in FY26, but policy volumes remained subdued, highlighting rising ticket sizes rather than wider customer penetration

What are the best plans that insurers offer for cancer treatment?

With cancer treatment costs rising, insurers are offering specialised plans that provide staged payouts, long-term financial protection and support across diagnosis and recovery

Jio Financial formalises general insurance foray with Allianz group

The joint venture, awaiting regulatory approvals, will combine Jio's digital reach with Allianz's global expertise to expand insurance access in India

India expands Russian insurer list as Iran conflict disrupts oil flows

Some 11 Russian insurers that are not members of so-called P&I Clubs are now allowed to provide the services, up from eight last month

Cabinet clears ₹12,980 cr maritime insurance pool with 'war risk' cover

Announcing the decision, Ashwini Vaishnaw said the Cabinet has approved the setting up of a domestic insurance pool to support India's maritime sector