Insurance News
Irdai commission caps may weigh on insurance fee income of banks, NBFCs
Lenders with multiple insurer tie-ups and incentive-led payouts could face a sharper impact, while L&T Finance is seen as the most exposed among NBFCs
 "Irdai commission caps may weigh on insurance fee income of banks, NBFCs")
PB Fintech may explore new business options after Irdai commission cuts
PB Fintech may explore manufacturing insurance products by seeking a licence as it assesses the impact of Irdai's proposed commission cuts on its distribution business
 "PB Fintech may explore new business options after Irdai commission cuts")
Irdai proposes tighter expense limits, new commission caps for insurers
The regulator proposes phased cuts to insurers' expense limits, new commission caps and a ban on compulsory bundling of insurance with loans to lower costs and curb mis-selling
 "Irdai proposes tighter expense limits, new commission caps for insurers")
Property insurance rates up as insurers cut discounts after Gujarat floods
Premium rates are hardening by nearly 25-30 per cent, mainly through a reduction in discounts, according to Bajaj General Insurance
 "Property insurance rates up as insurers cut discounts after Gujarat floods")
Check returns and exit costs before buying non-par insurance plans
Calculate the internal rate of return, assess surrender costs and make sure the long-term premium commitment fits your goal before opting for guaranteed-benefit insurance products
 "Check returns and exit costs before buying non-par insurance plans")
Irdai's insurance registry: What data will it link and who can access it?
From policy and claims records to intermediary and grievance data, Irdai's proposal sets out what the registry could connect and how access would be controlled
LIC's new Bima Platinum, Jeevan Raksha plans: What policyholders must know
Looking for Life Insurance? LIC's 2 New Plans Offer Savings, Income and Pure Protection
 "LIC's new Bima Platinum, Jeevan Raksha plans: What policyholders must know")
As AI agents go rogue, cyber insurers are adapting their policies
Insurers, including MSIG , QBE and Beazley, are reviewing traditional cyber policies and adapting their language to account for emerging risks
 "As AI agents go rogue, cyber insurers are adapting their policies")
Insurance regulators weigh reforms to tackle rising medical costs
Medical inflation of roughly 12% to 14% a year puts pressure on families and prompts authorities to hunt ways to standardise pricing and coverage
 "Insurance regulators weigh reforms to tackle rising medical costs")
LIC's improving growth trajectory, VNB margin expansion support outlook
LIC's value of new business rose 61.3 per cent in the June quarter as a shift towards higher-margin non-participating products supported a sharp margin expansion
 "LIC's improving growth trajectory, VNB margin expansion support outlook")
General insurance shares up after Supreme Court's Motor TP directions
Shares of general insurers advanced after the Supreme Court directed the insurance regulator to consider longer Motor Third Party insurance tenures and measures to improve insurance coverage.
 "General insurance shares up after Supreme Court's Motor TP directions")
No insurance, no fuel: Inside SC's plan to cover 165 mn uninsured vehicles
The court has proposed linking fuel purchases, number-plate cameras and police enforcement to insurance databases as 56 per cent of vehicles in India remain uninsured
 "No insurance, no fuel: Inside SC's plan to cover 165 mn uninsured vehicles")
Irdai's revised share-transfer regulations may raise compliance burden
Legal experts say the revised regulations could require more insurance share transfers to seek prior regulatory approval, despite higher thresholds under the SBSR Act
 "Irdai's revised share-transfer regulations may raise compliance burden")
General Insurance Council defends fever admission advisory framework
Insurance body says the advisory follows ICMR and health ministry guidelines, aims to curb unnecessary hospital admissions and does not restrict doctors' clinical autonomy
 "General Insurance Council defends fever admission advisory framework")
Irdai tightens intermediary rules, eases insurers' investment norms
The regulator has mandated greater sales traceability and disclosures for intermediaries while allowing insurers more flexibility in investment across select asset classes
Irdai chief urges insurers to eliminate dark patterns from websites, apps
Ajay Seth says deceptive digital practices erode consumer trust and urges insurers to improve transparency, informed consent and customer-first design across online platforms
 "Irdai chief urges insurers to eliminate dark patterns from websites, apps")
Could you have unclaimed insurance money? Here's how to find and recover it
Here's how to trace unclaimed payouts and recover money due to you or your family.
 "Could you have unclaimed insurance money? Here's how to find and recover it")
US insurer Nationwide launches Hyderabad centre to expand globally
US insurer Nationwide has opened its Global Services Center in Hyderabad, expanding its global footprint and strengthening technology, engineering and business capabilities
 "US insurer Nationwide launches Hyderabad centre to expand globally")
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
 "Multi-year health insurance: Lock in premiums, but check exit rules first")
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?
 "Cyber insurance race heats up as Liberty joins crowded ₹850-crore market")