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INSURANCE UNDERINSURANCE IN INDIA
India insurance market to grow 10.7% annually over next decade, fastest among major markets, says AllianzIndia's insurance market is set for rapid expansion, becoming the world's fastest-growing. Projections show significant annual growth over ...- Kerala’s healthcare gold rush: How private equity is reshaping hospitals and raising fears over costsPrivate equity funds are pouring hundreds of millions of dollars into Kerala’s healthcare sector, reshaping a system long dominated by inde...
- Enduring wealth, lasting wellness. People in India are living longer. Are they also living well?India's rising life expectancy faces a longevity paradox, with increased years not always translating to good health, compounded by rising ...
- Why ‘unlimited’ or ‘100% restoration’ benefit in health insurance may not save you from a big hospital bill; here’s what policyholders should knowHealth insurance restoration benefits, often misunderstood as unlimited coverage, restore your sum insured only after it's fully exhausted ...
- Nearly 50% people underinsured for health, have less than Rs 5 lakh cover: StudyWhile 48% have less than Rs.5 lakh health insurance, 19% don’t know how they’ll fund a critical illness, claims a recent study by Policybaz...
- Screwvala backed insurejoy.com becomes the fastest-growing Insurtech Startup
- Scripbox partners with Max Life, Aegon Life, HDFC Life to offer term life plansScripbox will provide solutions for customer’s needs. This will be supplemented by issuance and claims process assistance as well. Life ins...
- Share India Insurance Brokers in talks with leading players for policy saleThe company is targeting a premium collection of Rs 500 crore over the five-year period.
- Airtel Payments Bank partners with Bharti AXA Life to offer term insuranceAll Airtel Payments Bank savings bank account customers can purchase Bharti AXA Life term insurance through a quick, secure and paperless p...
- UK firm Skyline strikes insurance pact in India to protect farmersThe company's founders, Gethin Jones and Laurent Sabatié, have spent the last year developing the technology-enabled insurance solution.
- Bharti AXA, Airtel Payments Bank team up to offer Pradhan Mantri Jeevan Jyoti Bima YojanaInitially, PMJJBY will be available at 1 lakh Airtel Payments Bank banking points across India.
- 82% of urban middle-income Indians don't have health insurance: BigDecisions SurveyA substantial increase in the cost of health insurance premiums in the range of 9-16% by a family of two post the age of 35 has also been o...
- How much health insurance do you need?Survey finds that 51% of health insurance policyholders in India are underinsured as sum insured would not suffice in a medical emergency.
- 51% of policyholders are underinsured: Apollo Munich Health Insurance reportAt 52 per cent, men are more underinsured, that is they have purchased low sum insured health insurance policies that would not suffice in ...
- Raise FDI cap in insurance to 51 per centThe need of the hour for the insurance sector is to raise the FDI limit to 51% to allow foreign partners have majority control.
- Banks should be allowed to decide on insurance distribution modelThese banks have been chary after the finance ministry diktat last month asking them to become insurance brokers.
- Align incentives in heath insuranceFor one public sector insurer, the claims ratio is 110%, implying that for every Rs 100 of premium income, the company has to pay Rs 110 as...
- P Chidambaram wants greater penetration in the non-life insurance sectorFinance Minister P Chidambaram today said there is a need to increase penetration and coverage of non-life insurance in the country.
- Aviva sees huge potential in N-E region, aims to increase agent productivityViewing the NE region as a crucial market for potential growth, Aviva Life Insurance plans a foray into the rural markets to increase insur...
- L&T coming into insurance is good news: Ventura Securities LtdSubramanyam Pisupati, President, Ventura Securities Ltd, in a chat with ET Now talks about L&T getting into the insurance space.
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