Insurers must prioritise the digitisation of distribution to rationalise acquisition costs and restore ‘value for money’ for policyholders,...

Insurance regulator Irdai has flagged mis-selling as a major issue. Grievances related to unfair business practices have risen significantl...

Indian insurance penetration stays at 3.7 percent, lagging behind the global average. Life insurance penetration saw a slight dip, while no...

Sitharaman reviewed the performance of PSGICs and emphasised the urgent need for digital transformation to improve service delivery and eff...

India has increased foreign direct investment in insurance to 100%, aiming to attract more capital to the industry. Finance Minister Nirmal...

Asset Under Management nearly tripled to Rs 60.04 lakh crore as compared to Rs 21.07 lakh crore in 2013-14, while the total insurance premi...

The Committee, to make insurance more affordable, recommended that GST rates applicable to health insurance products, particularly retail p...

"Like in the banking system, we have microfinance institutions, regional banks, and small finance banks. So, we have all categories of bank...

Thanks to the coronavirus pandemic, many more Indians purchased life insurance policies. According to the Economic Survey 2021-2022, life i...

Even as India’s insurance penetration grew from 2.71% in 2001 to 3.76% in 2019, when compared with the penetration recorded in comparable A...

The increase in foreign direct investment (FDI) limit to 100 per cent will not result in significant inflow of foreign capital.

Industry has blamed the decline on slow economic growth during the period, apart from life insurance players snatching away some products.

The government should put in place an index for insurance penetration to be quantified as a measure of financial and social progress, says ...

According to data from General Insurance Council (GIC), the top five general insurance markets in terms of gross premium are Maharashtra.

Terming the low insurance density in the country as a "matter of concern", ICICI Bank MD and CEO Chanda Kochhar today said the industry req...

Finance Minister P Chidambaram today said there is a need to increase penetration and coverage of non-life insurance in the country.

As on March 31, 2007, the entry of foreign partners has resulted in attracting $543 million FDI.