Page 2 - Insurance Sector

Why did The New India Assurance Company rise 2% in trade today? Find here

The share of The New India Assurance Company rose after announcing disclosures regarding GST orders and show-cause notices received.

Reforms, robust demand may drive insurance growth back to double digits

After a muted FY26 so far, India's insurance industry is expected to return to double-digit growth in FY27, aided by regulatory changes, GST rationalisation and improving demand across segments

Life insurance industry to grow 8-11% in FY26, FY27, says CareEdge Ratings

CareEdge expects life insurers to sustain 8-11 per cent growth over the next two years, but warns investors not to overread past trends as margins may face near-term pressure from reforms

Insurance companies can't reject claim by delaying cheque presentation

The Bombay High Court ruled that an insurer cannot reject a claim by delaying the deposit of a valid premium cheque, holding the insurance company liable for deficiency in service

FDI for growth: Foreign participation in insurance should raise competition

Even as the sector opens up to greater competition and foreign investment, long-standing challenges continue to constrain its reach and credibility

Health insurance companies are quietly bringing back claims-based loading

The move is taking the form of a reduction in discount on next year's premium once a policyholder has made a claim

Sabka Bima Sabki Raksha Bill passed; way paved for 100% FDI in insurance

The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha

Insurance industry flags concerns over proposed Insurance Amendment Bill

Under the proposed Bill, the revised definition of insurance business seeks to allow insurers to enter into non-insurance contracts as well

Govt introduces bill in Lok Sabha to hike FDI in insurance sector to 100%

A bill seeking to raise FDI in the insurance sector to 100 per cent was on Tuesday introduced in the Lok Sabha amid strong protest from the Opposition. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, seeks to amend Insurance Act, 1938, Life Insurance Corporation Act, 1956, and Insurance Regulatory and Development Authority Act, 1999, as per the bill circulated to members of Parliament. Introducing the bill, Union Finance Minister Nirmala Sitharaman said the common people's insurance has always been the focus of Prime Minister Narendra Modi and the central government has provided insurance to the marginal sections of the society even during the Covid pandemic. Sitharaman said objections of some of the Opposition members could be part of the debate and she was ready to answer all their questions during the debate on the proposed legislation. Opposing the introduction of the bill, RSP member N K Premachandran said the nomenclature of the bill has nothing to do wit

Draft Insurance Amendment Bill: Stricter safeguards on cards for life funds

The Bill also places a cap on payments made from the surplus towards debentures. Payments, including interest, cannot exceed 50 per cent of the disclosed surplus

Galaxy Health Insurance launches Galaxy Twin 360 with IPD and OPD cover

Galaxy Health Insurance has launched Galaxy Twin 360 for young adults, combining inpatient cover with outpatient benefits and wellness services to improve renewals and long-term adoption

DFS tightens grievance redressal oversight; banks, insurers face rankings

In a key reform introduced in June 2025, DFS began ranking public sector banks, private sector banks and public sector insurers on the basis of the quality and timeliness of grievance disposal

Tier-II, -III mkts make 62% of new health insurance policies: Report

Policybazaar data shows a structural shift in India's health insurance market, with Tier 2, Tier 3 and rural regions accounting for most new policies in FY26

Insurance industry's premium growth tops 20% for the first time in FY26

Nil GST on premiums, favourable base effect key drivers

Travel insurance: If an airline cancels a flight, it pays, not the insurer

Policies typically reimburse cancellations for reasons such as medical emergencies, death of an immediate family member, or natural disasters

Berkley IFSC Branch first P&C insurer in GIFT City with dual licences

Berkley Insurance Company IFSC Branch has become the first P&C insurer in GIFT City to hold both insurance and reinsurance licences, and will focus on specialty lines by end-FY26

Digitally unified insurance systems can transform India's healthcare: Study

Digitally unified insurance systems can enhance transparency, reduce fragmentation and improve access under India's evolving subsidised health insurance setup, according to a new study by the Goa Institute of Management (GIM), WHO and Gates Foundation. The one-of-its-kind comprehensive analysis conducted in collaboration with Kerala Health department has demonstrated how integrated digital health-financing platforms can reform health systems and advance India's progress towards Universal Health Coverage (UHC). As India continues to expand subsidised health insurance schemes, the study highlights why unification of data and processes across different stakeholders is essential for improving service delivery. The study titled "Health System Reform Powered by Data Integration of Health Financing: Lessons from India, has been published in the prestigious journal Health Systems and Reform. "The study provides one-of-its-kind comprehensive analysis of how digitally unified insurance syste

Air pollution, SIR, Vande Mataram: Key issues and bills in Winter Session

Winter Session of Parliament could see debates on air pollution, electoral revisions, Vande Mataram, and key bills spanning nuclear energy, higher education, and corporate law

Irdai asks insurers for customer-centricity, stricter grievance compliance

Irdai has raised concerns over rising complaints, urging insurers to improve grievance redressal systems, standardise classification processes

Bima Sugam will make insurance inclusive, affordable, transparent: Experts

Leaders called Bima Sugam a tool for transparency, affordability and inclusion