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Ajay Seth appointed IRDAI chairman after 5-month gap
Tue, Sep 02, 2025     Source : Economic Times
Ajay Seth assumed charge on Monday as chairman of the Insurance Regulatory and Development Authority of India after the top regulatory office had remained vacant for five months.
INSURANCE NEWS
LIC pays Rs 7,324 cr to Finance Minister as dividend for FY25
Sat, Aug 30, 2025     Source : Economic Times
Life Insurance Corporation of India (LIC) on Friday said it has paid a dividend cheque of Rs 7,324.34 crore to Finance Minister Nirmala Sitharaman for the 2024-25 financial year.
INSURANCE NEWS
Life insurers raise policy value to keep life going
Mon, Aug 25, 2025     Source : Economic Times
Life insurers are raising the minimum and average value of policies in a bid to improve persistency and reduce lapses, as low-value policies tend to be more prone to early discontinuation.
INSURANCE NEWS
GST Council may allow input tax credit for employee group insurance
Mon, Aug 25, 2025     Source : Business Standard
"ITC on group health and life insurance policies may be taken up for discussion. But there is no proposal to exempt these policies from GST. They will continue to attract 18 per cent," official said
INSURANCE NEWS
GST rate rationalisation likely to drive growth in life and health policies
Mon, Aug 25, 2025     Source : Business Standard
GST reduction is expected to enhance affordability and boost life and health insurance sales, especially among price-sensitive segments, though concerns over ITC impact persist
INSURANCE NEWS
Outlook remains positive for private general insurers despite modest growth
Sat, Aug 23, 2025     Source : Business Standard
Despite modest growth in the non-life insurance sector in July 2025, key segments like motor and fire insurance showed strength, while health faced challenges.
INSURANCE NEWS
15K hospitals to suspend cashless services for Bajaj Allianz policyholders
Sat, Aug 23, 2025     Source : Business Standard
Hospital body issues notice to Care Health Insurance; says low rates, heavy deductions behind move
INSURANCE NEWS
GST exemption could take a toll on insurers' health
Sat, Aug 23, 2025     Source : Economic Times
Exempting life and health insurance premiums from the Goods and Services Tax (GST) could leave policyholders paying less, but the move may also squeeze insurers' margins and prompt them to rework pricing. ...
INSURANCE NEWS
Insurers treading cautiously on new investment tools
Fri, Aug 22, 2025     Source : Economic Times
Insurance companies are treading cautiously in adopting new investment instruments, with equity derivatives yet to pick up even after six months of regulatory approval and bond forward rate agreement (FRA)...
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.
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