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INSURANCE COVERAGE BY 2047
Non-life insurance to play a bigger role in financial planning over the next 25 years: ICICI LombardGeneral, or non-life, insurance is expected to play a more integral role in financial planning over the next 25 years, shows an ICICI Lomba...
Piyush Goyal takes India investment pitch to AIA, MetLife, IBM and General AtlanticCommerce Minister Piyush Goyal promoted India as an investment destination during meetings with leading global firms. He highlighted the co...
After GST exemption, retail policy base rises 11% for Star HealthExempting individual health insurance premiums from GST has led to increased policy adoption across various demographics. Star Health repor...
LIC expects no immediate government stake sale, eyes long-term growth: CEOLIC does not expect the government to sell another stake in the insurer in the immediate future, CEO R Doraiswamy said. The state-owned ins...
SBI Life partners with J&K Bank to offer insurance solutions across IndiaSBI Life and J&K Bank have partnered to offer comprehensive life insurance solutions. Over one thousand J&K Bank branches will now provide ...
Allianz, Jio Financial Services ink 50:50 insurance JV to tap India’s growing marketJio Financial Services and Allianz Group are partnering to launch a new insurance venture in India. This 50:50 joint venture will offer gen...
LIC says insurance amendment to increase coverageParliament's amendments to insurance laws aim to boost coverage, enhance policyholder protection, and strengthen regulatory oversight, alig...
Insurance reforms set India on path to universal coverage by 2047: R DoraiswamyIndia's Insurance Act Amendment Bill, 'Sabka Bima Sabki Raksha,' aims for a structural overhaul of the insurance sector, including amendmen...
PM Modi to push major bills in Parliament to boost India’s growth enginePrime Minister Modi's administration is set for an aggressive legislative push this winter session, aiming to pass over a dozen key bills. ...
2047 & beyond - Building a nation where every citizen is insuredAs India aims for Viksit Bharat by 2047, financial independence for every citizen is paramount. The IRDAI's 'Insurance for All' vision, sup...
Insurers told to pass on the benefits of GST reductionOn Wednesday, the insurance regulator directed insurers to pass on the benefits of the GST removal on life and health insurance premiums to...
Prudential, HCL’s Vama to form Indian health insurance venturePrudential Plc and Vama Sundari Investments will launch a standalone health insurance business in India, with Prudential holding 70% and Va...
Ensuring insurance spreads far & wideIndia is edging closer to permitting fully foreign-owned insurers, aiming to boost the underperforming insurance sector. Local capital has ...
Insurtech sector attracted $2.5 bn funding, more investment to flow: ReportThe Indian insurtech sector has raised over USD 2.5 billion and is expected to attract more investment due to significant growth opportunit...
India plans major insurance shake-up this winter as it may open doors to 100% FDI100% FDI in Insurance: The Indian government is poised to permit 100% foreign direct investment in the insurance sector, aiming to attract ...
Micro policies keep India's push for insurance coverage on trackThe global micro-insurance industry is projected to grow to $137 billion by 2029. India's insurance penetration remains low at 4%, compared...
India poised to have the fastest-growing insurance sector among G20 nationsIndia is predicted to have the fastest-growing insurance sector among G20 nations for the next five years to 2028, with a real-term growth ...
Govt mulls regulator for healthcare sector to facilitate insurance for allAccording to a recent report by the National Insurance Agency, over 400 million individuals, or about a third of the population, lack healt...
Fin Min meets chiefs of private sector general insurersThe finance ministry has discussed various critical issues with the General Insurance Council and private sector general insurance companie...
IRDAI appoints ManipalCigna Health as lead insurer for Karnataka State Awareness Insurance PlanUnder IRDAI’s State Insurance Plan, ManipalCigna Health Insurance, one of India's fastest-growing standalone health insurance company has b...