Over Rs 25,000 crore remains unclaimed in Indian insurance policies due to forgotten claims or unaware nominees. Tracking and claiming thes...

The government's GST reform has eliminated the 18% tax on insurance premiums, a move expected to boost insurance penetration in India. Whil...

Irdai chairman Debasish Panda encourages conglomerates to join India's insurance sector, emphasizing growth opportunities. He highlights ef...

Under the proposed amendment, each insurer will be required to constitute an advertisement committee comprising at least three members mand...

"The market (insurance) size is estimated to reach USD200 bn by FY '27 at the present growth rate. However, we have aspirational plans and ...

The insurers have been told by Irdai that their commission and remuneration payout should be based on a board-approved policy which will be...

The nominal discounts being offered on premium are not worth the restrictions placed on mileage.

Pay-as-you-drive policies allow buyers to set a mileage limit for their car and offer them discounts over the normal premium. The lower the...

Insurers have been ordered by the regulator to assess claims denied or deductions made in all such cases and take appropriate action to pay...

The term protection market in the life insurance industry is set to heat up with insurers readying to launch Saral — a standard term policy...

Due to the prevailing COVID 19 outbreak, the need for prolonged hospitalisation of almost 2 weeks pushes the claims costs. These factors ar...

This move may well be due to the lockdown in the country due to the coronavirus infection spread and the situation arising from it.

Insurers are required to follow certain investment norms, like they cannot invest in debt securities with a rating below AAA. If any asset ...

The insurance regulator on Monday said age-related ailments such as cataract surgery, knee-cap replacements, Alzheimer’s and Parkinson’s wo...

Effective January 1, on expiry of a bundled CPA cover, it may be replaced with a stand-alone CPA cover and the same may be taken from any g...

With LIC coughing up the money, the government has one less bank to deal with whenever it considers capital allocation for public sector ba...

A news item has been brought to Irdai's notice, which says that the Authority has instructed insurers to accept old notes for premium.