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INSURANCE NEWS
Industry for insurance repository offering claim-related services
Fri, Apr 25, 2025     Source : Economic Times
The insurance regulator is reviewing an industry proposal to let insurance repositories offer claims-related services to policyholders.
INSURANCE NEWS
LIC eases claims process for Jammu & Kashmir terror attack victims
Fri, Apr 25, 2025     Source : Economic Times
Life Insurance Corporation of India (LIC) has announced relief measures for the families of those killed in the recent terror attack in Jammu and Kashmir's Pahalgam, where 26 people, mostly tourists, lost ...
INSURANCE NEWS
Insurance for Electric Vehicles: A complete guide to ideal coverage and premium savings
Fri, Apr 25, 2025     Source : Mint
Electric vehicles in India face high insurance costs, primarily due to higher IDV. Most policies exclude battery coverage, which can be added at extra cost.
INSURANCE NEWS
Non-life insurance sector growth halved in FY25 amid industry weakness, Care Ratings reports
Thu, Apr 24, 2025     Source : Economic Times
The growth of India's non-life insurance industry was significantly reduced in FY25, with Care Ratings citing broad industry challenges.
INSURANCE NEWS
Life insurers’ new biz premiums up 5% in FY25
Thu, Apr 24, 2025     Source : Financial Express
The life insurance industry saw a modest 5% rise in new business premiums (NBP) to Rs 3.97 lakh crore in FY25, impacted by new surrender value rules and weak ULIP demand.
INSURANCE NEWS
Insurers unhappy over the delay in motor TP rate announcement for FY25-26
Wed, Apr 23, 2025     Source : Business Line
Industry is expecting a 10-15% hike in premiums for different categories of vehicles
INSURANCE NEWS
Motor insurance: Driving with expired licence can lead to claim rejection
Sat, Apr 19, 2025     Source : Business Standard
While a 30-day grace period is available for licence renewal, the Motor Vehicles Act of 2019 clearly states that driving with an expired licence is not permitted-even if renewal is pending
INSURANCE NEWS
75% of health insurance buyers in India have less than ?10 lakh coverage; awareness gap a worry, report finds
Sat, Apr 19, 2025     Source : Mint
A large proportion of consumers have to sell ancestral assets or borrow money during a crisis rather than opting for accessible solutions such
INSURANCE NEWS
High premiums, low funds key barriers to buying health, term insurance
Thu, Apr 17, 2025     Source : Business Standard
About 20 per cent of the respondents said they do not fully understand health insurance, and 18 per cent saw buying it as a cumbersome process
INSURANCE NEWS
Banks seek common insurance repository, shared customer data access to curb policy-backed loan fraud
Tue, Apr 15, 2025     Source : Economic Times
Banks have pitched for creation of a common insurance repository and shared access to key customer data to help curb fraud in loans backed by life insurance policies.
INSURANCE NEWS
Term Insurance: Demand for over Rs 1 crore policy coverage on the rise among self-employed
Tue, Apr 15, 2025     Source : Financial Express
The reason for term life insurance to grow within this segment is because of tax-savings benefits and the introduction of tailored term plans that eliminate the need for traditional income documentation, s...
INSURANCE NEWS
Term insurance for self-employed: Besides securing family, cover biz debt
Sat, Apr 12, 2025     Source : Business Standard
Families of the self-employed face significant financial uncertainty upon the policyholder's death
INSURANCE NEWS
Irdai warns Heritage TPA against unilaterally closing health claims
Sat, Apr 12, 2025     Source : Business Standard
The order is in response to the remote inspection conducted by the authority from November 8, 2021 to November 11, 2021
INSURANCE NEWS
Non-life insurers' premium likely to improve in FY26, say experts
Fri, Apr 11, 2025     Source : Business Standard
In FY25, premium of non-life insurers rose to ?3.08 trillion, marking a 6.2 per cent year-on-year (Y-o-Y) increase
INSURANCE NEWS
ULIP vs term insurance: How to choose the right plan—avoid these 5 common mistakes most Indians make
Wed, Apr 09, 2025     Source : Mint
Understand the key differences between ULIPs and term insurance plans to avoid costly financial errors.
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