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INSURANCE NEWS
Centre proposes exempting life, health insurance policies for individuals from GST
Thu, Aug 21, 2025     Source : Business Line
The Group of Ministers will submit report to GST Council
INSURANCE NEWS
Participating life insurance plans: Suitable for steady, long-term goals
Wed, Aug 20, 2025     Source : Business Standard
Be mindful of limited returns, low liquidity, and higher premiums than non-par plans
INSURANCE NEWS
LIC launches nationwide campaign to revive lapsed insurance policies
Tue, Aug 19, 2025     Source : Business Standard
LIC has launched a campaign from August 18 to October 17 to revive lapsed individual policies, offering up to 30 per cent concession on late fees with caps based on premium size
INSURANCE NEWS
Mumbai's richest Ganesh Mandal secures record Rs.474 crore insurance cover
Tue, Aug 19, 2025     Source : Business Standard
The mandal has also taken a public liability cover of ?30 crore along with a ?2 crore standard fire and special perils policy for furniture, fixtures, and other items
INSURANCE NEWS
More organisers opt for event insurance before major festive season
Mon, Aug 18, 2025     Source : Business Standard
The Dahi Handi festival saw 160,000 participants insured for Rs.10 lakh each, with the Maharashtra government bearing the cost for 150,000 Govindas
INSURANCE NEWS
What RWA and flat owners need to know about fire insurance
Mon, Aug 18, 2025     Source : Mint
Typically, RWAs limit coverage to the building structure, as content value varies across flats.
INSURANCE NEWS
Avendus Fund, SBI Life lead funding in Aragen
Wed, Aug 13, 2025     Source : Economic Times
vendus Future Leaders Fund (FLF), the private strategies fund of the Avendus Group, and SBI Life Insurance invested ?300 crore in Aragen Life Sciences, India's leading contract research, development, and m...
INSURANCE NEWS
Home insurance claims: Begin repairs only after surveyor's inspection
Tue, Aug 12, 2025     Source : Business Standard
Non-disclosure of property extensions, late intimation, and incomplete paperwork may reduce or void claims
INSURANCE NEWS
LIC neutral on composite licenses, prioritizing strength in life insurance: R Doraiswamy
Mon, Aug 11, 2025     Source : Economic Times
R Doraiswamy, CEO & MD, LIC, indicates a neutral stance on composite licenses, reaffirming the company's commitment to its core strength in life insurance.
INSURANCE NEWS
Axis Max Life Insurance likely to grow 3-5% more than industry in FY26
Mon, Aug 11, 2025     Source : Business Standard
Axis Max Life Insurance targets 3-5% growth above industry levels in FY26, backed by strong Q1 performance. The company aims to become the third-largest private life insurer in India
INSURANCE NEWS
Non-life insurers clocked 2.7% growth in premiums in July, shows data
Fri, Aug 08, 2025     Source : Business Standard
General insurers report flat premiums in July while standalone health insurers see modest growth; overall momentum slows amid accounting changes, weak motor segment
INSURANCE NEWS
LIC to explore composite insurance model once allowed, says MD & CEO
Fri, Aug 08, 2025     Source : Business Standard
LIC may become a composite insurer offering general and health cover once Parliament clears the new policy, but has not finalised a health insurance acquisition plan
INSURANCE NEWS
Aadhaar is new weak link in insurance
Tue, Aug 05, 2025     Source : Economic Times
After manipulating PIN codes for over a decade, fraudsters have found a new way in the insurance system to exploit Aadhaar-linked processes for identity-based frauds. From motor insurance to health claims,...
INSURANCE NEWS
Porting your insurance policy? Understand the catch in no-claim bonus
Tue, Aug 05, 2025     Source : Mint
Navigating health insurance porting can be tricky, especially with the potential loss of your no-claim bonus.
INSURANCE NEWS
Irdai imposes Rs.5 crore penalty on Policybazaar for violating norms
Tue, Aug 05, 2025     Source : Business Standard
Upon examining a selection of 67 insurance policies, IRDAI found that premiums were remitted with delays exceeding 30 days
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