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INSURANCE NEWS
Sebi mulls combo product of term life insurance, mutual funds for investors
Sat, Feb 01, 2025     Source : Business Standard
This new initiative aligns with Sebi's ongoing efforts to tailor financial products to market needs and drive growth in the investment space
INSURANCE NEWS
Insurance sector gets over 62% of $5.7 bn services sector FDI inflows in H1
Sat, Feb 01, 2025     Source : Business Standard
The insurance sector was opened to foreign investors with an FDI limit of up to 26 per cent in 2000
INSURANCE NEWS
Need policy framework to help states fund parametric insurance: Surbhi Goel
Fri, Jan 31, 2025     Source : Business Standard
Parametric (or index-based) insurance is a type of coverage that focuses on the likelihood or probability of a loss-causing event occurring, rather than indemnifying the actual losses sustained
INSURANCE NEWS
Irdai caps health insurance premium hikes for seniors
Fri, Jan 31, 2025     Source : Economic Times
In a major relief for senior citizens struggling with rising healthcare costs, the Insurance Regulatory and Development Authority of India (Irdai) has stepped in to curb steep health insurance premium hike...
INSURANCE NEWS
Insurance sector gears up for transformative reforms in Budget 2025
Wed, Jan 29, 2025     Source : Business Line
On the anvil are crucial reforms including an FDI hike, composite licenses, and a roadmap for GST relief
INSURANCE NEWS
Finance ministry pushes PSBs to boost affordable insurance coverage
Tue, Jan 28, 2025     Source : Business Standard
PSBs achieved only 51% of enrolment targets for the Pradhan Mantri Jeevan Jyoti Bima Yojana by Dec 2024
INSURANCE NEWS
Covering for life, Indians now show a shift to pure protection
Tue, Jan 28, 2025     Source : Economic Times
Customers are increasingly favouring pure term plans over return-of-premium (ROP) policies, while also improving coverage with additional benefits, or riders.
INSURANCE NEWS
Life insurance companies challenge GST exemption for term policies
Thu, Jan 23, 2025     Source : Economic Times
Life insurance companies are opposing a proposed Goods and Services Tax (GST) exemption on term insurance policies.
INSURANCE NEWS
HDFC Life announces corporate agency tie-up with CARS24 financial services pvt. ltd
Thu, Jan 23, 2025     Source : Economic Times
HDFC Life, one of India's leading life insurers, has recently entered into a Corporate Agency tie-up with CARS24 Financial Services Pvt. Ltd.
INSURANCE NEWS
Will my insurance cover daycare treatment of retinopathy?
Fri, Jan 17, 2025     Source : Mint
Irdai mandates that all insurers cover modern therapies, including intravitreal injections.
INSURANCE NEWS
Fire insurance: Declare correct property value to ensure adequate payout
Thu, Jan 16, 2025     Source : Business Standard
Fire insurance, also called as fire and allied perils policy (and often part of a home insurance policy), covers a range of risks
INSURANCE NEWS
Health cover against cancer: Check policy for exclusions, sub-limits
Wed, Jan 15, 2025     Source : Business Standard
Cancer-specific policies, which only cover cancer, are available as indemnity-based or fixed-benefit plans
INSURANCE NEWS
Life insurance Dec new biz premium falls 21.7% to Rs 30,218.71 crore
Sat, Jan 11, 2025     Source : Business Standard
LIC's premium fell 41.15 per cent Y-o-Y to Rs 13,523.87 crore, while private insurers reported 7 per cent Y-o-Y growth in NBP to Rs 16,694.85 crore
INSURANCE NEWS
PhonePe partners with ICICI Lombard to offer Maha Kumbh Mela insurance
Fri, Jan 10, 2025     Source : Business Standard
The Maha Kumbh Mela, expected to commence on January 13, 2025, and continue till February 26, 2025, in Prayagraj, Uttar Pradesh
INSURANCE NEWS
LIC's Bima Sakhi scheme crosses 50,000 mark within a month of launch
Thu, Jan 09, 2025     Source : Business Standard
The initiative launched by Prime Minister Narendra Modi on December 9
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