Gross written premium during the quarter also fell 8.4% year-on-year to Rs 2,731 crore. “In a soft market we would rather protect the quali...

The Supreme Court on Monday asked IRDAI to consider issuing a master circular to standardise cross-border coverage clauses in motor insuran...

Missing a term insurance premium does not immediately cancel coverage. A grace period allows payment, and nominees receive benefits if deat...

Irdai has implemented a new requirement for state insurers to create annual provisions for wage increases, intending to soften the financia...

India's health insurance sector welcomes a new player as Prudential HCL Health Insurance receives regulatory approval. This joint venture, ...

ET Wealth Reader's Query: My wife and I have had a floater health insurance policy for over four years. We declared diabetes as a pre-exist...

India first: Firms prioritise domestic industry guidelines over global frameworks, remain confident on DPDP

It has been close to two years since Narayana Health’s wholly owned subsidiary, Narayana Health Insurance—which has adopted a ‘managed heal...

Rising demand for weight-loss drugs, cosmetic procedures and wellness treatments is creating a growing out-of-pocket healthcare expense cat...

Indian companies are prioritising local AI rules over international ones. They are focusing on ethics, identity, and privacy as AI adoption...

Insurance CEOs’ remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A t...

India's insurance regulator, Irdai, is changing how insurance company executives are evaluated. Performance and pay will now be linked to c...

The move is part of new KMP performance evaluation rules, under which the regulator has made 50% of key performance indicators (KPIs) manda...

In a significant policyholder-centric move, IRDAI has linked insurance executive pay to customer-centric metrics like claim settlement and ...

Indian insurers are opposing new rules for executive pay. The regulator wants to link compensation to customer service, not just profits. I...

"With the objective of having a standard product with common coverage and policy wordings across the industry, the authority has decided to...

The authority has approved the regulatory override whereby the implementation of Ind-AS in the insurance sector has been deferred by two ye...