Page 3 - Insurance

Insurance industry takes ₹10,000 crore hit each year on frauds: Report

A new BCG-Medi Assist report highlights how fraud, waste, and abuse are eroding insurer margins, inflating premiums and weakening sectoral RoE, with mid-ticket claims driving most leakages

Regulatory, customer pattern changes nudge foreign insurers' India interest

A slew of foreign insurers have already either bought stakes in existing insurance companies, or formed a new joint venture to tap the potential of the Indian insurance market

Claim rejected? Here's how to file a complaint on Irdai's Bima Bharosa

Irdai's Bima Bharosa portal offers policyholders a simple, transparent way to resolve insurance complaints online

Health, motor insurance policy sales jump on GST exemption, festival cheer

The GST exemption on insurance and festive demand have driven strong growth in health, motor segments, with ICICI Lombard, SBI General, Star Health reporting sharp upticks in sales, premium collection

Bima Sugam can widen insurance access, say industry leaders at BFSI Summit | Insurance sector

Bima Sugam, hailed as the “UPI (Unified Payments Interface) moment for insurance”, is poised to transform India’s insurance landscape by creating a unified digital marketplace for all insurance

As insurance regulator, I have an open mind: Irdai Chairman Ajay Seth

IRDAI chief outlines priorities on GST reforms, capital efficiency, Bima Sugam rollout, and risk-based supervision, promising orderly growth and stronger policyholder protection

BFSI Summit Day 2 highlights: Biggest challenge is educating informal sector, says PFRDA chief

BFSI Insights Summit Day 2 highlights: The summit, scheduled from October 29 to 31, will bring together top policymakers, CEOs, and industry experts for a series of keynote addresses, fireside chats

GST cut puts insurance on par with food in fiscal policy, says IRDAI chief | BFSI Summit 2025

The government’s latest fiscal stance with the Goods and Services Tax (GST) rate cut on health insurance has elevated insurance to the same priority level as essential goods like food

Top minds to brainstorm at the three-day BS BFSI Insight Summit 2025

After strong push by govt and RBI, discussions to further enhance India's growth amid global woes

Best & brightest at BFSI Summit: India's biggest finance event returns

From October 29 to October 31, the summit will feature keynotes, fireside chats, and panels on policy, digital banking, insurance, and AI in finance

A month on, GST 2.0 positive for customers, insurers face teething issues

Sales and inquiries see a spike, even as insurers plan to use multiple levers, including renegotiating commissions with distributors, to reduce the impact of withdrawal of input tax credit (ITC)

Climate-linked insurance scheme: Why govt is exploring it and what's ahead

The scheme could help someone in Uttarakhand or Punjab whose house was washed away in the floods. Let's unfold the climate-linked insurance scheme and understand how it can help people

AHPI, insurers discuss common empanelment and faster claims for patients

The meeting between AHPI and insurers focused on a unified hospital empanelment system, quicker claim settlements, and improved patient experience nationwide

Term insurance: Here are the best plans and rates available for you

Here is a list of the best insurance premiums for a term insurance plan available for young male professionals living in cities and who have a longer investment horizon

Govt considers introducing nationwide climate-linked insurance scheme

Should the discussions bear fruit, India - among the nations most prone to extreme weather events - could become one of the first major economies to roll out such a programme

Aggressive pricing pulls down crop insurance premiums by over 30% in FY26

Crop insurance premiums dropped over 30% in FY26 till August due to aggressive pricing, state re-tendering and unsustainable loss-sharing models under PMFBY

Rajasthan govt doles out crop insurance to farmers amid heavy rains

Farmers have suffered heavy losses in parts of the state due to a flood-like situation because of heavy monsoon rains.

Bima Sugam to launch with 2-3 products and e-KYC module by year-end

The ambitious insurance platform will feature an e-KYC module followed by two or three insurance products available for purchase, starting with health insurance and then life insurance

Insurance complaints up 45% in Q2 2025, most about health policies: Report

Younger customers most active in disputing claims and policies, says Insurance Samadhan

PhonePe offers firecracker insurance for Rs 11 ahead of Diwali celebrations

Policy will provide cover of up to Rs 25,000 for accidents and can be purchased 'under a minute' on fintech company's app