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LIC to launch three new insurance plans on October 19, 2026: Annuity, health insurance and cancer cover to go on offerLife Insurance Corporation of India is set to introduce three new insurance products on October 19, 2026. The offerings include LIC’s New J...- Crude oil crisis in Hormuz: Much more than just price and quantityThe conflict in Iran has closed the Strait of Hormuz, severely impacting global oil shipments and market dynamics. While oil availability h...
- IRDAI may allow transition period for insurance fee capIRDAI Chairman Ajay Seth said the regulator is examining industry feedback on a consultation paper that is open until October 25, while mai...
- Office critical illness cover: How well does it protect employees and their families?The distinction matters for how HR teams design the benefit. A fixed benefit CI policy addresses income replacement and non medical costs t...
- Visa denied, trip cancelled: Can travel insurance help you recover your losses?Some insurers now reimburse visa fees if your application is rejected. But modest payouts, exclusions and multiple conditions can limit the...
- Social Security $90 extra deposit: When will payments arrive, who qualifies and why some Medicare beneficiaries will miss outIn a bid to provide financial relief, millions of Americans enrolled in Medicare started receiving a one-time payment of $90 aimed at easin...
- GST reforms 2026: Employers get ITC on employee health, life insurance premiumsThe GST Council has recommended allowing employers to claim input tax credit on GST paid for health and life insurance policies taken for e...
- Canara HSBC Life Q2 profit rises 5% YoY to Rs 43 croreCanara HSBC Life Insurance Company's September quarter has marked a significant growth, with a 5 percent rise in net profit, totaling Rs 43...
- Nomura becomes latest brokerage to cut PB Fintech share price target by 31%, lists 2 scenarios for fair priceNomura has cut PB Fintech’s target price by 31% to Rs 1,100 after proposed IRDAI curbs on insurance website practices and commissions. The ...
- Ageas Federal launches multi-currency life insurance plan at GIFT CityAgeas Federal Life Insurance has launched its first GIFT City product, a multi-currency ULIP that lets customers invest in US dollars, euro...
- Good news for employees: Input Tax Credit on group health and life insurance allowed; Know how it employeesNow GST input tax credit to emoyers on group insurance; this can mean more life and health insurance coverage for employees; Know how it he...
- IRDAI and the avoidable art of regulatory jaywalkingThe recent policy adjustments by IRDAI have led to a marked decline in investor confidence and value within the insurance industry. The tra...
- Insurance brokers oppose IRDAI commission caps, warn of 60-70% revenue hitInsurance brokers in India are opposing commission cap proposals from the Insurance Regulatory and Development Authority of India. They war...
- Insurance misselling misunderstood: The regulator’s proposal is tantamount to addressing the symptom, while ignoring the causeIn FY25, the Indian insurance sector experienced significant premium growth while maintaining flat penetration rates. However, complaints r...
- Reducing commissions may help curb mis-selling of insurance products; IRDAI’s role remains crucialThe Insurance Regulatory and Development Authority of India has announced new proposals to limit commission rates for insurance distributor...
- Bajaj Finserv to rope in ex-GIC re chief for reinsurance ventureBajaj Finserv is preparing to enter the reinsurance sector with the appointment of N Ramaswamy Narayanan. The former chairman of GIC Re bri...
- Employers may soon be able to claim ITC on GST paid for employee insurance coverThe GST Council is gearing up to consider a proposal regarding input tax credit for employee insurance premiums. Currently, businesses cann...
- Donald Trump says US to send one-time $90 payment to 20 million seniors enrolled in MedicarePresident Donald Trump announced a one-time $90 payment for over 20 million Americans enrolled in Medicare. The payments are intended to as...
- Insurers mull seeking mutual fund-style expense limits from IRDAIThe insurance industry is currently discussing a tiered expense structure to replace uniform expense limits set by regulators. Smaller insu...
- Insurance penetration stays low as operating costs rise faster than premiums: McKinseyIndia's insurance penetration is at 3.7 per cent of GDP, which is below the global average. While life insurance premiums grew, the number ...
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