Insurance: News
IRDAI's Bima Sugam debuts this November: Why it's a gamechanger
The Insurance Regulatory and Development Authority of India (IRDAI) is all set to launch its much-anticipated digital insurance marketplace, Bima Sugam.
Use E20 fuel? Your vehicle insurance claim might be denied
ICICI Lombard General Insurance has warned that insurance claims for fuel-related damages could be rejected in certain cases.
Health insurance claim denied? Insurers now have to explain why
The Insurance Regulatory and Development Authority of India (IRDAI) has mandated insurers to provide detailed explanations for rejecting health insurance claims.
Your health insurance premium might go up 10-15% in 2027
Health insurance premiums in India are likely to increase by 10-15% over the next year, industry experts have said.
Visa rejected? New insurance covers trip losses for travelers
Leading travel services firm Thomas Cook (India) Ltd and its group company SOTC Travel have launched a new insurance product to protect travelers from losses due to visa rejections.
Modi government is considering 100% FDI in pension sector
The Indian government is considering a major change in the foreign direct investment (FDI) policy for the pension sector.
You can soon buy insurance from Muthoot Finance
Muthoot Finance, a leading player in the financial services sector, is planning to expand its business operations by venturing into the insurance distribution space.
How insurers are planning coverage for businesses using AI
As businesses increasingly rely on artificial intelligence (AI) "agents" to independently drive revenue growth, some insurance companies are stepping in to cover potential mistakes.
India's 100% FDI insurance law to be effective from tomorrow
The Indian government has announced that the new insurance law, which permits 100% foreign direct investment (FDI), will be implemented from tomorrow.
Union Budget 2026: Insurance sector's key demands for growth
India's insurance sector has witnessed significant growth over the past decade, thanks to regulatory reforms, digital acceleration, and increased financial awareness.
Life insurance premiums jump 40% in December after GST relief
India's life insurance sector witnessed its best monthly performance of the fiscal year in December, with a nearly 40% year-on-year growth in new business premiums (NBP).
Lok Sabha: Bill proposing 100% FDI in insurance sector introduced
Finance Minister Nirmala Sitharaman today introduced the Insurance Laws (Amendment) Bill, 2025 in the Lok Sabha.
PolicyBazaar launches 'Claim Kavach' in India: How it helps you?
PolicyBazaar has launched a new program called 'Claim Kavach,' aimed at simplifying and expediting motor insurance claims for its customers.
Why Allianz is planning to fire around 1,800 employees
German insurance giant Allianz is planning to lay off between 1,500 and 1,800 employees in its travel insurance division.
These Indian government-owned insurance firms might be merged soon
The Indian Finance Ministry is mulling over a merger proposal for three state-owned general insurance companies: Oriental Insurance, National Insurance, and United India Insurance.
FDI in India's insurance sector might be hiked to 100%
The Indian government plans to introduce a bill in the upcoming Winter Session of Parliament, seeking to raise foreign direct investment (FDI) in the insurance sector to 100%.
Mahindra will soon offer life insurance policies in India
Mahindra & Mahindra and Canada's Manulife Financial Corporation have announced their plan to form a 50:50 life insurance joint venture in India.
Your health insurance claim can be denied for this reason
When it comes to health insurance, many policyholders assume that their insurer will cover all hospital expenses after they are admitted.
Tata AIA launches Sector Leaders index funds: Should you invest?
Tata AIA Life Insurance has launched two new funds, the Tata AIA Sector Leaders Index Fund and the Tata AIA Sector Leaders Index Pension Fund.
Your motor third-party insurance premium might become costlier soon
The Indian government is likely to hike motor third-party (TP) insurance premiums this year.
How to buy insurance without paying GST right now
The GST Council has announced a GST exemption on individual life and health insurance premiums, effective from September 22.
Why CEOs of insurance companies are meeting Finance Ministry today
Top executives from various insurance companies in India are set to meet officials from the Department of Financial Services (DFS) today.
Your health, life insurance premiums are about to become cheaper
The Group of Ministers (GoM) on health and life insurance has tentatively agreed that Goods and Services Tax (GST) should be exempted from these insurance policies.
Does your car insurance cover flood damages? Check eligibility here
Heavy rainfall in India has led to flash floods and waterlogging in several cities. The worst-hit states are Maharashtra, Himachal Pradesh, Punjab, and Jammu & Kashmir.
PhonePe introduces a home insurance plan: Should you buy?
Digital payments platform PhonePe has announced a new home insurance product.
IRDAI might cap health-insurance premium hikes: How it affects you?
The Insurance Regulatory and Development Authority of India (IRDAI) is mulling a plan to cap health insurance premium hikes at both product and portfolio levels.
PhonePe announces health insurance for young adults: Should you buy?
HDFC ERGO General Insurance Company has partnered with PhonePe to provide an affordable health insurance plan.
You can now buy Angel One's life insurance in India
Leading fintech platform Angel One has announced a joint venture with Singapore-based insurtech company LivWell. The move is aimed at launching a digital-first life insurance service in India.
IRDAI takes action against 8 insurers over health claim lapses
The Insurance Regulatory and Development Authority of India (IRDAI) has started the process of issuing show-cause notices to eight insurers for lapses in their health insurance portfolios.
How to pick best health insurance plan for senior citizens
Selecting the best health insurance for senior citizens doesn't have to be an overwhelming task, even in the US where there are many options.
Term insurance v/s health insurance: Which one to go for?
Selecting the right insurance policy is often a challenging task for Indian families.
Stuck with a bad health insurance? Here's how to switch
Health insurance portability empowers policyholders to switch their existing health insurance policies from one insurer to another without forfeiting any benefits they have accumulated.
Think life insurance is enough? These add-ons prove otherwise
Life insurance is a vital part of financial planning, providing reassurance and security for the future.
Bajaj Allianz becomes first insurer offering Bima-ASBA: What is it?
In a major leap for the insurance sector, Bajaj Allianz Life has become the first company to introduce the Bima-ASBA facility.
How to enroll in the Fishermen Insurance Scheme in India
In India, fishermen bravely navigate a livelihood teeming with uncertainties and dangers.
Work-related injury or illness? This insurance has you covered
Workmen's Compensation Insurance is a tool that ensures financial security for employees who sustain injuries or contract diseases arising out of and during their employment.
You could soon cancel your insurance policies within a year
In a major move, Finance Minister Nirmala Sitharaman has proposed a change to the free look period for insurance policies.
Why British insurer Aviva's Indian unit has been fined $7.5M
British insurer Aviva's Indian subsidiary has been slapped with a $7.5 million fine by local authorities after an investigation into fraudulent activities.
Exploring community health insurance in Indian villages
High costs and limited facilities make accessing healthcare a significant challenge in many Indian villages, often discouraging individuals from seeking timely medical assistance.
Insurance claim rejected? These steps can save your case
Dealing with an insurance claim rejection can be a stressful experience for policyholders.