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India insurance growth to hinge on AI-led distribution, ecosystem partnerships: McKinseyThe insurance sector in India is expected to grow through AI-led distribution and ecosystem partnerships. Insurers are reassessing traditio...- Insurance mis-selling is arising because upfront commissions are too high: IRDAI chairman Ajay SethIRDAI chairman Ajay Seth said insurers should pass savings from lower commissions and operating costs to policyholders through lower premiu...
- Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAIThe benefit of cost efficiency should be passed on to customers. This entire exercise is intended to ensure that the public and policyholde...
- He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-sellingIRDAI has imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company over the sale of a deferred annuity policy to an 88-year-old cus...
- Oriental Insurance hopes to turn corner in FY27 assisted by NSE stake dilutionLooking ahead, Oriental Insurance Company projects a profitable turnaround by 2026-27, facilitated by a planned stake dilution in the Natio...
- AI alone won’t close India’s insurance gap as NITI Aayog seeks industry help to reach the ‘missing middle’To effectively narrow the insurance gap in India, collaboration between government and private entities is crucial, as technology alone is ...
- Public Insurance Registry: From tracking policies to improving claim processing, how PIR could benefit policyholdersIndia's Insurance Regulatory and Development Authority of India (IRDAI) has introduced a groundbreaking Public Insurance Registry aimed at ...
- Buffett asks shareholders to ignore his profit figure. Then explains how he could fake itThe rule is simple and almost nobody thinks about it. When a business sours, the accounts mark it down. When a business thrives, the accoun...
- Huge growth opportunity as rising incomes, longevity fuel insurance demand: LIC CEOIndia's insurance sector anticipates strong demand for protection and savings products. LIC aims to adapt its distribution and product mix ...
- ‘In God we trust, all others pay cash’: Warren Buffett had the cash and still has itBerkshire Hathaway lost $11.5 billion. Buffett spent $14.5 billion. And then, he told his shareholders about the two worst decisions he had...
- Insurer-hospital panel on the cards to resolve disputes, says General Insurance Council CEODr S. Prakash, CEO, Health Insurance Ecosystem & Strategic Partnerships, General Insurance Council, speaks to Preeti Kulkarni on policyhold...
- LIC weighing plans to invest in health insurance, fintech: R Doraiswamy, CEO, LICLIC said the government’s ₹31,552-crore offer for sale reflects investor confidence and helped achieve 10% public shareholding. The insurer...
- ICICI Pru Life Q1 Result: Net profit jumps 28% YoY to Rs 386 croreICICI Prudential Life Insurance reported a twenty-eight percent net profit increase. Net premium income rose to nine thousand seven hundred...
- Will your hospital bills fall with new IRDAI move? Know how policyholders will be impacted with the formation of this new panelPolicyholders facing rising premiums, slow claims, and opaque hospital pricing will soon see changes. IRDAI's new sub-committee aims to sim...
- Insurance complaints under regulator’s radar: IRDAI asks insurers to strengthen their grievance redressal systems to resolve complaints timelyIRDAI convened a high-level meeting with insurers to address the growing number of unresolved policyholder complaints. IRDAI urged insurers...
- Non-life insurers told to work closely with states, build trust"Today, 55% of vehicles on the road across categories including two-wheelers are uninsured," said Deepak Sood, a member of the Non-life Ins...
- Tata AIA achieves 99.13% claim settlement ratio in FY 2023-24Tata AIA Life Insurance achieved a 99.13% claim settlement ratio for individual death claims in FY 2023-24. This ensures financial support ...
- ACESO expands life insurance policy assignment services to all major private insurersACESO has expanded its insurance assignment services to major private insurers like SBI Life, HDFC Standard, and ICICI Prudential, enabling...
- Sell LIC policy and 'get money in 48 hours with life cover till maturity': Looks attractive? But beware of legal aspects, other rulesLIC policyholders looking to exit their policies can now consider a new option — ACESO's ALIP. This plan allows policyholders to surrender ...
- Bharti AXA Life Insurance launches Monthly Income PlanPrivate insurer Bharti AXA Life Insurance today launched a traditional participating money-back plan - 'Bharti AXA Life Monthly Income Plan...
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