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How will RBI's STRIPS facility impact insurance companies?
Mon, Jun 16, 2025     Source : Economic Times
The Reserve Bank of India last week allowed the STRIPS (Separate Trading of Registered Interest and Principal of Securities) facility in state government bonds-a seemingly technical change that could be a ...
INSURANCE NEWS
How insurance payouts to air crash victims are determined
Mon, Jun 16, 2025     Source : Financial Express
Understanding compensation for victims of the Air India AI 171 crash.
INSURANCE NEWS
Ahmedabad plane crash: Life insurers speed up claim settlement for victims
Sat, Jun 14, 2025     Source : Business Standard
LIC, HDFC Life, and Bajaj Allianz have introduced fast-track claim processes and relaxed documentation to support families affected by the Air India crash in Ahmedabad
INSURANCE NEWS
Deferred annuity plans: Ensure retirement income with guaranteed return
Thu, Jun 12, 2025     Source : Business Standard
Inflation will reduce value of payout, so invest part of retirement corpus in growth instruments
INSURANCE NEWS
Non-life insurers' premium rises 6.3% in May, led by health players
Wed, Jun 11, 2025     Source : Business Standard
Non-life insurance premiums rose to ?22,126.72 crore in May 2025, with robust contributions from standalone health and specialised insurers despite regulatory format changes
INSURANCE NEWS
Axis Max Life appoints Sumit Madan as new CEO
Wed, Jun 11, 2025     Source : Economic Times
Sumit Madan has been appointed as the next managing director and chief executive officer of Axis Max Life Insurance, the company said in a statement on Wednesday.
INSURANCE NEWS
Overexposure to group business a challenge for LIC, say analysts
Tue, Jun 10, 2025     Source : Business Standard
LIC's solvency ratio rose to 211 per cent in FY25 from 187 per cent in FY23
INSURANCE NEWS
Insurers' new biz premiums up in May, policy sales fall
Tue, Jun 10, 2025     Source : Economic Times
The life insurance industry recorded a nearly 13% year-on-year increase in new business premiums in May 2025 to ?30,463 crore, according to data released by the Life Insurance Council.
INSURANCE NEWS
Third-party motor insurance premiums could rise by up to 25%, govt review underway: Report
Sat, Jun 07, 2025     Source : Mint
MoRTH is assessing a proposal to increase Motor Third Party insurance premiums by an average of 18%, potentially 20–25% for certain vehicles.
INSURANCE NEWS
Digit Life Insurance FY25 revenue crosses Rs 1,300 crore in first full year of operations
Thu, Jun 05, 2025     Source : Economic Times
Go Digit Life Insurance Limited (Digit Life), a new-age life insurance company, said its revenue (total gross written premium including reinsurance inward) crossed Rs 1,315.9 crore in FY 2024-25 compared t...
INSURANCE NEWS
Travel insurance: Choose sum insured based on health, age and trip type
Tue, Jun 03, 2025     Source : Business Standard
Longer trips, adventure activities and remote destinations require higher coverage; policy sub-limits, pre-existing conditions and travel risks must be factored in
INSURANCE NEWS
India's health insurance sector faces growth and profitability challenges: Report
Mon, Jun 02, 2025     Source : Economic Times
India's health insurance industry, which was earlier considered a strong and steady growth story, is now facing serious structural challenges.
INSURANCE NEWS
As a Singaporean living in India, should I buy global health insurance?
Fri, May 23, 2025     Source : Mint
I have Singapore health insurance and a local health insurance policy in India. Should I opt for global health cover instead of managing two separate policies?
INSURANCE NEWS
Unlimited health cover is helpful, but ensure your plan has these features
Thu, May 22, 2025     Source : Business Standard
A cumulative bonus rider can increase the sum insured without an increase in premium
INSURANCE NEWS
Half of India’s vehicles still uninsured, says New India Assurance chief
Thu, May 22, 2025     Source : Economic Times
Nearly half of India’s automobiles remain uninsured, posing significant risks to accident victims and the broader insurance ecosystem, despite the availability of data on vehicle insurance, reported TOI ci...
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