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IRDAI ANNUAL REPORT
India's asset wealth management AUM projected to reach US$ 1.7 trillion by 2030: PwC reportIndia’s asset and wealth management industry is projected to reach US$1.7 trillion in AUM by 2030, driven by rising retail participation, g...- The hidden cost of looking better: What health insurance covers, and what it leaves you to payRising demand for weight-loss drugs, cosmetic procedures and wellness treatments is creating a growing out-of-pocket healthcare expense cat...
- Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.
- 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 ...
- Should you buy OPD cover in health insurance? Over 40% of healthcare costs are paid out-of-pocket in IndiaOPD cover in health insurance addresses out-of-pocket expenses for doctor visits, diagnostics, and medicines without hospitalization. While...
- Insurer denies Rs 20 lakh life insurance claim over diabetes non-disclosure; woman fights back and wins; here’s whyA Delhi woman's Rs 20 lakh life insurance claim, denied due to alleged non-disclosure of diabetes and kidney diseases, was upheld by the St...
- NPS Swasthya: A cushion, not fill-in, for health coverCan the NPS Swasthya scheme be an effective substitute for a comprehensive health insurance plan that covers hospitalisation and related ex...
- Star Health to launch affordable health insurance plans targeting tier 2, 3 marketsAs healthcare expenses soar, Star Health is bracing for premium increases in the next fiscal year. In a proactive move, the insurer is roll...
- IRDAI misses to measure average sum assured per policyholder in its annual reportWhen IRDAI defines success as premium collected, and the industry maximises commissions by selling products that collect maximum premium pe...
- Want higher health insurance coverage through super top-up policy? HDFC Ergo, Aditya Birla, ICICI Lombard, Niva Bupa, Care plans comparedRising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an ...
- 58% surges in Insurance Ombudsman cases: 4 reforms to fix the backlog before it breaksThe Insurance Ombudsman serves as a guardian of trust for the industry and has resolved thousands of disputes for policyholders. But a grow...
- Massive rise in grievances pendency in health and general insurance in FY25, claim-related issues account for 69%, mis-selling haunts life insuranceIndia's insurance grievance system is buckling under pressure, with a significant surge in complaints, especially for health and general in...
- Insurers asked to not give misleading ads on claim settlementThe Insurance Regulatory and Development Authority of India (Irdai) said it has observed "with serious concern" a surge in advertisements a...
- Irdai steps up scrutiny of insurers exceeding expenses capIrdai has initiated quarterly monitoring for eight insurers exceeding their 30% expenses of management limits to enforce financial discipli...
- 50% of complaints against pvt life insurance companies in 22-23 were unfair business practice grievances: IRDAIThe total number of grievances lodged against all life insurers in India decreased from 1,54,826 in 2021-22 to 1,27,378 in 2022-23, as per ...
- Compliance relief: Irdai reduces number of returns to be filed by insurers for health insuranceIn India, insurers are mandated to submit various returns to the regulator, including financial statements on annual basis, valuation of as...
- How much money did Indians get as life insurance death claim in 2020-21?According to the annual report, “Insurers were directed to settle COVID-19 death claims expeditiously, by developing a quicker claim settle...
- IRDAI annual report: LIC's claim settlement ratio deteriorated in FY20 to 96.6%The life insurance industry in total paid 8.46 lakh claims on individual policies, with a total payout of Rs 18042 crore in the FY20, data ...
- Check the IRDAI death claim settlement ratio of life insurers for the year 2018-19The claim settlement ratio reveals the percentage of claims the insurer has paid out during a financial year. In simple words, CSR is defin...
- How and where to check death claim settlement ratio of life insurersLife insurers are required to show the details of individual and group death claims ratio on their websites separately. If they are showing...
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