India's insurance market is set for rapid expansion, becoming the world's fastest-growing. Projections show significant annual growth over ...

OPD cover in health insurance addresses out-of-pocket expenses for doctor visits, diagnostics, and medicines without hospitalization. While...

A 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...

Can the NPS Swasthya scheme be an effective substitute for a comprehensive health insurance plan that covers hospitalisation and related ex...

As healthcare expenses soar, Star Health is bracing for premium increases in the next fiscal year. In a proactive move, the insurer is roll...

When IRDAI defines success as premium collected, and the industry maximises commissions by selling products that collect maximum premium pe...

Rising healthcare costs necessitate enhanced coverage beyond base policies. Super top-up plans offer this crucial protection, acting as an ...

The Insurance Ombudsman serves as a guardian of trust for the industry and has resolved thousands of disputes for policyholders. But a grow...

India's insurance grievance system is buckling under pressure, with a significant surge in complaints, especially for health and general in...

The Insurance Regulatory and Development Authority of India (Irdai) said it has observed "with serious concern" a surge in advertisements a...

Irdai has initiated quarterly monitoring for eight insurers exceeding their 30% expenses of management limits to enforce financial discipli...

The 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 ...

In India, insurers are mandated to submit various returns to the regulator, including financial statements on annual basis, valuation of as...

According to the annual report, “Insurers were directed to settle COVID-19 death claims expeditiously, by developing a quicker claim settle...

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 ...

The claim settlement ratio reveals the percentage of claims the insurer has paid out during a financial year. In simple words, CSR is defin...

Life insurers are required to show the details of individual and group death claims ratio on their websites separately. If they are showing...