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Insurance News

Updated On : 23 Jun 2024 | 11:05 PM IST

Insurance companies will have to specifically state that market-linked insurance plans are different from traditional endowment policies and carry risks

Don't sell Ulips as investment products: Irdai to insurance companies
Updated On : 22 Jun 2024 | 12:08 AM IST

Insurers will have to specifically state that market-linked insurance plans are different from traditional endowment policies and carry risks

ULIPs should not be advertised as 'investment products', says IRDAI
Updated On : 21 Jun 2024 | 1:02 PM IST

Association says that renewal rates of the policies continue to decline due to frequent premium hikes and rising medical inflation

Slash GST on health insurance to 5% from 18%: Trade body to govt
Updated On : 18 Jun 2024 | 11:47 PM IST

In India, deposit insurance is mandatory for all banks, including foreign banks. As of now, 1,997 banks are covered, which includes 140 commercial banks and 1,857 co-operative banks

DICGC exceeds global average with month-long depositor payout: Patra
Updated On : 18 Jun 2024 | 9:02 PM IST

In the case of porting policies from one insurer to another, the regulator has asked the existing insurers to provide the required details to the acquiring insurance company within 72 hours

Insurers likely to seek clarification from Irdai on new health circular
Updated On : 16 Jun 2024 | 8:43 PM IST

The Insurance Regulatory and Development Authority of India (Irdai) in its 'Master Circular on Life Insurance Products' issued on Wednesday prescribed enhanced Special Surrender Value (SSV)

Multiple levers with insurers to mitigate higher surrender value: Experts
Updated On : 13 Jun 2024 | 11:20 PM IST

While demand for OPD benefits was present before, insurance industry experts believe that the Covid-19 pandemic pushed the demand further

Demand for OPD benefits on rise among health insurance policyholders
Updated On : 13 Jun 2024 | 7:51 PM IST

Paytm said that it aims to innovate on small ticket insurance products for consumers and merchants alike by focusing on small-ticket general insurance offerings along with our partners

Irdai accepts registration withdrawal plea of Paytm General Insurance
Updated On : 12 Jun 2024 | 11:32 PM IST

Issuing a circular, the Irdai also said the free look period, which provides time to review the policy terms and conditions, is 30 days as against 15 days earlier

Policy loan now mandatory in all life insurance savings products: Irdai
Updated On : 12 Jun 2024 | 6:25 PM IST

With climate change raising temperatures during heat waves, millions of Indians face a difficult choice: work in dangerous conditions or go hungry

Insurance helped 46,000 women avoid deadly work during heat waves in India
Updated On : 12 Jun 2024 | 10:38 AM IST

The regulator said that the insurer cannot reject claim in full or part if the breach of warranty or condition is not relevant to nature or circumstance of loss

Insurance companies can't reject claims for lack of documents: Irdai
Updated On : 11 Jun 2024 | 11:58 PM IST
Updated On : 10 Jun 2024 | 11:01 PM IST

According to the press release by the company, "This decision is part of our ongoing commitment to continuously review and refine our product offerings to better serve our customers' evolving needs"

SBI General Insurance withdraws Arogya Plus policy with effect from Oct 5
Updated On : 06 Jun 2024 | 9:33 PM IST

Sources said the regulator is likely to discuss the appointment of a CEO for Bima Sugam

Irdai to meet insurers today on Bima Sugam, 'Cashless Everywhere'
Updated On : 06 Jun 2024 | 12:23 AM IST

According to insurance officials, the increase in insurance penetration will be supported by the government irrespective of the political parties because of the sector's importance

LS poll results: Regulatory focus on growth may continue, say insurers
Updated On : 04 Jun 2024 | 11:54 PM IST

According to analysts at Motilal Oswal, VNB margins for all life insurance players declined from the previous year due to adverse product mix and pressure on non-par margins

Listed private life insurers' FY24 margins fell on rise in Ulip share
Updated On : 03 Jun 2024 | 10:11 PM IST

Health policy-holders can now avail premium discount in case of no claims in previous year

Irdai directs health insurers to decide on cashless authorisation in 1 hour
Updated On : 30 May 2024 | 12:23 AM IST

Regulator Irdai on Wednesday released a master circular on health insurance specifying that an insurer will have to decide on cashless authorization within one hour of request.

Irdai mandates health insurers to decide on cashless claims within 1 hour
Updated On : 29 May 2024 | 8:31 PM IST

SGIC is all set to re-enter the crop business and also expand its presence in the non-motor segment to 15 per cent

Shriram General Insurance Company plans re-entry in crop business
Updated On : 27 May 2024 | 3:21 PM IST