Insurance Plans

How young families should prioritise insurance purchases, avoid mistakes

Do not get into investment-linked insurance plans until you have cleared the basic hurdles of protection

How to choose the right health, life insurance policies for your family

Your protection premium (health plus term) should not exceed 5-8% of your annual income

Pre-filled forms, guaranteed returns:Red flags when buying insurance online

A 'three-click' checkout for high-value insurance without thorough medical or lifestyle vetting is a major red flag

Insurers seek doubling of tax-free limit for some products to boost inflows

Stronger inflows into such funds will boost demand for ultra-long bonds - which these funds heavily invest in - at a time when the federal and state governments' supply has risen

Participating plans: Should they be in your investment portfolio?

Only highly conservative investors who are satisfied with steady but low returns over a long span may consider them

ULIPs retain dominance in private insurers' product mix despite policy push

This is despite sharper push towards protection products after GST relief

Child insurance plans suit risk-averse parents seeking assured goals

Those prioritising higher returns and greater flexibility may prefer term cover with mutual fund investments

Bajaj Finserv completes Allianz's stake buyout in its insurance arms

Bajaj Finserv, along with Bajaj Holdings & Investment and Jamnalal Sons, acquired the foreign insurer's 23 per cent stake in the businesses, marking the largest transaction in Indian insurance sector

FinMin renews merger proposal of state-owned general insurance firms

The Finance Ministry is considering an earlier proposal to merge the three state-owned general insurance companies into a single entity, following their improved financial health, to achieve better efficiency and scale. The government infused Rs 17,450 crore between 2019-20 and 2021-22 in three PSU general insurance companies, namely Oriental Insurance, National Insurance and United India Insurance, to bring them out of financial distress. In the Budget for 2018-19, the then finance minister Arun Jaitley announced that the three companies -- Oriental Insurance, National Insurance, and United India Insurance -- would be merged into a single insurance entity. However, the government dropped the idea in July 2020, and the Union Cabinet rather approved a capital infusion of Rs 12,450 crore into the three general insurance companies. As their finances have improved, the finance ministry is doing a preliminary assessment of the merger of these entities with a view to improving their ...

Mahindra, Manulife to set up 50:50 JV for life insurance in India

The JV aims to offer long-term savings and protection solutions tailored to the diverse and growing needs of India's population, in line with India's 'insurance for all' vision by 2047

Policyholders' views needed to make rules: Irdai Chariman Ajay Seth

Irdai Chairman Ajay Seth said the regulatory process must integrate policyholders' expectations and strengthen coordination among regulators to address overlaps and systemic financial risks

Awareness, risk management key to insurance growth: Leaders at BFSI Summit

At the Business Standard BFSI Insight Summit 2025, insurance leaders said GST waiver alone will not boost coverage; better awareness, innovation and risk management are key to sector growth

Consumer protection: Criminal acquittal no ground to deny insurance payout

The National Commission observed that the acquittal of the accused due to lack of evidence could not, by itself, lead to the presumption that no theft had occurred

Diwali 2025: You can get ₹50,000 firecracker insurance Cover for just Rs 5

CoverSure's Firecracker Insurance offers coverage of ₹50,000 for accidental death and ₹10,000 for fire-related burns

59% of Indians delay personal insurance, rely on employer cover: Report

Most people buy insurance only after events like marriage, a health scare or changing jobs

No marriage, no kids, no policy: Insurance doesn't fit Gen Z's life plan

Under-40 consumers overlook traditional life insurance plans, citing misalignment with their stage in life (32%), high costs of premiums (28%), and lack of immediate benefits (25%)

Retirement plans: Always check net return before making investments

These products are simple, transparent and easy to understand. The returns are guaranteed, and locking into a fixed rate feels reassuring at a time when deposit rates are declining

Insurance body asks AHPI to withdraw advisory on Bajaj Allianz, Care Health

The General Insurance Council has asked AHPI to revoke its advisory stopping cashless treatment for Bajaj Allianz and Care Health policyholders, citing risks to patients and families

The $4.8 bn surge in India's insurance broking amid sector transformation

Despite being one of the fastest growing insurance markets in the world, India only has 735 licensed brokers, significantly lower than developed markets. Of these, the top 36 drive close to 85%

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