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INSURANCE NEWS
Tepid vehicle sales, competition weigh on motor vehicle insurance premiums
Tue, Mar 25, 2025     Source : Business Standard
The overall motor insurance premium stood at Rs 89,405.56 crore in the April-February period of FY25
INSURANCE NEWS
GST on insurance may be slashed to 5%
Mon, Mar 24, 2025     Source : Financial Express
Decision likely at next GST Council meet, Revenue loss to govt seen at Rs 36,000-crore.
INSURANCE NEWS
IRDAI inducts 5 new members into insurance advisory panel
Fri, Mar 21, 2025     Source : Economic Times
India's insurance regulator has appointed five new members to its Insurance Advisory Committee (IAC), bringing in leaders from banking, asset management, and insurance to shape future regulations.
INSURANCE NEWS
Allianz, Jio Financial strike deal for insurance business in India
Fri, Mar 21, 2025     Source : Business Standard
Allianz is aiming for a majority stake in the venture but is also open to securing governance rights with a path to taking control in the future, the report said
INSURANCE NEWS
Centrico Insurance Repository to offer insurance repository services to LIC
Fri, Mar 21, 2025     Source : Business Standard
The insurance repository system, introduced by the regulator, provides policyholders with a facility to keep insurance policies in electronic form and make changes
INSURANCE NEWS
Housing financiers pulled up again for insurance 'mis-selling'
Fri, Mar 21, 2025     Source : Economic Times
The National Housing Bank (NHB) has reprimanded home financiers for mis-selling insurance policies bundled with housing loans.
INSURANCE NEWS
Why is the race for your insurance premiums hotting up?
Thu, Mar 20, 2025     Source : Economic Times
India's insurance sector is witnessing many shifts as the government is intent on ramping up policy and regulation in a sector that has immense untapped potential.
INSURANCE NEWS
Former SBI & LIC chiefs among new members of Irdai's advisory panel
Thu, Mar 20, 2025     Source : Business Standard
The regulator proposed that the IAC should allow the circulation of meeting notices and agendas to its members in less than seven days, subject to chairperson approval
INSURANCE NEWS
LIC to unveil health foray deal by Mar 31: CEO
Wed, Mar 19, 2025     Source : Economic Times
Life Insurance Corporation of India is likely to announce its decision to buy a stake in a health insurance entity by March 31, chief executive officer Siddhartha Mohanty said here today.
INSURANCE NEWS
LIC names Shatmanyu Shrivastava as chief risk officer, effective March 19
Tue, Mar 18, 2025     Source : Business Standard
He is a fellow member of the Institute of Chartered Accountants of India and also a fellow of the Insurance Institute of India (qualified in 2000)
INSURANCE NEWS
Bajaj Finserv buys out Allianz from life, general insurance JVs
Tue, Mar 18, 2025     Source : Financial Express
The transaction marks the end of a partnership spanning over two decades between the Bajaj Group and Allianz.
INSURANCE NEWS
Edelweiss Life Insurance likely to break even by FY27: MD & CEO Sumit Rai
Tue, Mar 18, 2025     Source : Business Standard
The private sector insurer has been incurring losses and remains reliant on capital infusion from its Indian parent, which in FY25 infused Rs 200 crore into the company
INSURANCE NEWS
Rising healthcare costs: Policyholders tap loans to retain health cover
Sat, Mar 15, 2025     Source : Economic Times
With rising healthcare costs and insurance premiums, many Indians are opting for premium-financing loans to maintain or increase their health coverage.
INSURANCE NEWS
Slowdown in health and motor segment drag non-life premiums in Feb
Thu, Mar 13, 2025     Source : Business Standard
According to General Insurance Council data, general insurers, who operate in multiple business lines, witnessed about 5 per cent YoY drop in premiums to Rs 17,399.3 crore in February
INSURANCE NEWS
Ahmedabad hospitals to suspend cashless facility for 3 health insurers
Wed, Mar 12, 2025     Source : Business Standard
AHNA exploring tie-ups with financial institutions to offer cashless payment alternatives for affected patients
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