Page 4 - Insurance

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

UPI's new high value transaction limits kick in: Here's what changes

Starting September 16, UPI is no longer just for small daily payments. With raised limits for insurance, investments, and even jewellery purchases.

'Scams, spam': Nithin Kamath's post sparks debate on mistrust in insurance

Problem is in products, processes and people 'being abandoned' when they want insurance most, say people

China's EV boom burdens auto insurers with mounting, chronic losses

Over the past year, some Chinese insurers have hiked premiums or backed away from selling EV policies, leaving vehicle owners struggling to find affordable coverage

Mutual funds leave insurance companies in the shade on anchor allotments

Insurance participation in IPOs has risen but MF allocations have grown even faster

Rising bike accidents, costlier EV repairs push up insurance claims: Report

Insurance claims for two-wheelers are surging, with mid-segment bikes and EVs driving the trend as metro riders face higher risks and repair bills continue to climb.

Irdai Chairman Ajay Seth launches Bima Sugam India Federation website

Insurance Regulatory Development Authority of India (Irdai) chairman Ajay Seth on Wednesday launched the official website of Bima Sugam India Federation (BSIF). The launch marks the first visible step in building India's pioneering Digital Public Infrastructure (DPI) for insurance, aligned with the national vision of 'Insurance for All by 2047' and the Prime Minister's mission of Viksit Bharat 2047, a statement said. Seth said Bima Sugam represents a critical step towards creating India's Digital Public Infrastructure for insurance, and this initiative will empower policyholders, deepen insurance penetration, and ensure transparency and fairness across the value chain. "The launch of the website today is an important milestone, and I am confident that with collective industry commitment, the vision of 'Insurance for All by 2047' as part of the Prime Minister's mission of Viksit Bharat 2047 will become a reality," he said. The website was launched in the presence of industry CEOs,

GST cut on insurance may not bring relief, premiums could rise 12-18 %

Nil-rated vs exempt GST status will decide if savings reach you, or if premiums quietly climb instead

No GST from today: Health and life insurance premiums get cheaper early

Insurers and brokers roll out GST-free health and life policies ahead of Sept 22, letting buyers lock in cheaper cover now with premiums reflecting only the base cost.

Best of BS Opinion: India's new-age economy gets a data reset

Today's Opinion pieces explore a new data framework, the Bima Sugam initiative, the real impact of the GST rate cuts, and what the startup ecosystem really needs