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INSURANCE REGULATION INDIA
Life insurer rejected Rs 70 lakh death claim, but consumer commission ordered it to refund Rs 7 lakh premium despite a lapsed policy; here's whyA life insurer denied a seventy lakh death claim after a policy lapsed. The policyholder had paid seven lakh as the first year premium. The...04 Aug, 2026, 10.54 AM IST- Anthropic taps Amazon Bedrock for Claude's local data processingAnthropic will soon offer in-country inference for its Claude AI models in India. This means customer requests will be processed on Indian ...04 Aug, 2026, 10.10 AM IST
- Anthropic's Claude to infer, process data locally on Indian servers for local customersAnthropic will offer its Claude AI service to Indian customers through local Amazon Web Services servers. This move addresses a key demand ...03 Aug, 2026, 09.17 PM IST
- Surrender and withdrawals as a share of total benefits paid by life insurers rise to 39%Surrender and withdrawal benefits paid by life insurers have increased significantly. These benefits now exceed maturity benefits paid by t...03 Aug, 2026, 04.49 PM IST
- IRDAI’s insurance reforms: Why fixing commissions matters more than tracking sellersSome carmakers sell vehicles without a spare wheel, offering just a puncture repair kit instead. Nobody proposes a register of the salesmen...03 Aug, 2026, 12.18 PM IST
- Nuclear Energy: First draft rules of SHANTI Act ready for consultations, final notification likely in few monthsDraft rules for India's SHANTI Act, 2025, are currently under discussion with ministries. Industry inputs are also being sought on the prop...02 Aug, 2026, 11.56 PM IST
- Star Health cuts mediclaim without citing any policy clauses: Court says insurer cannot act on 'whims and fancies'; orders to pay the remaining Rs 47KStar Health Insurance has been ordered by a Guntur consumer commission to pay Rs 47,356 to a policyholder whose Covid hospitalisation claim...31 Jul, 2026, 03.16 PM IST
- IRDAI clears investments in private companies, eases infrastructure funding normsIRDAI has expanded insurers' investment options by permitting investments in private limited companies, infrastructure SPV debt and repo, r...31 Jul, 2026, 12.41 PM IST
- Insurers not liable for accident compensation if driver's licence was invalid: Supreme CourtThe Supreme Court ruled insurance companies are not liable for accidents with unlicensed drivers. Driving without a valid license can lead ...30 Jul, 2026, 07.15 PM IST
- Bank of Baroda may trigger cyber insurance claimBank of Baroda has filed a preliminary claim under its cyber insurance policy after a suspected data breach exposed nearly 1 TB of customer...30 Jul, 2026, 12.38 PM IST
- ProTec gets insurance licence; Irdai revamps key guidelinesProTec General Insurance will be allowed to undertake general insurance business under the applicable regulatory framework. The four regist...30 Jul, 2026, 01.12 AM IST
- Brookfield-Oaktree deal, digit merger get CCI approvalThe Competition Commission of India approved two significant corporate proposals on Tuesday. Brookfield Asset Management's acquisition of c...29 Jul, 2026, 12.32 AM IST
- CCI clears Go Digit Infoworks merger with insurer; Fairfax entity to hold 57.28% stakeThe Competition Commission of India approved Go Digit Infoworks' merger with Go Digit General Insurance. This transaction will see Go Digit...28 Jul, 2026, 09.12 PM IST
- LIC appoints Shatmanyu Shrivastava as new CFO, replacing Sunil AgrawalShatmanyu Shrivastava has been appointed as the new Chief Financial Officer of LIC. He replaces Sunil Agrawal, who resigned from the financ...28 Jul, 2026, 02.50 PM IST
- NRIs can now buy term insurance in USD from India: Policybazaar explains how new plan protects against currency riskNon-Resident Indians can now purchase US dollar-denominated term insurance plans in India. These plans are available through Policybazaar's...27 Jul, 2026, 05.56 PM IST
- India to roll out common customer ID for banks, insurers; mutual funds to follow, sources sayStarting in August, a collaborative customer identification initiative will be rolled out by Indian banks and insurers, featuring a system ...24 Jul, 2026, 12.46 PM IST
- Regulator warns insurers against deep discounts on fire risk coverThe insurance regulator has flagged aggressive underpricing in fire insurance, with discounts of up to 99% on large industrial risks, warni...24 Jul, 2026, 01.23 AM IST
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