Month: March 2024

Industry figures for November 2023 indicate that standalone health insurers have been significant drivers of growth in the non-life insurance sector. According to flash figures released by the General Insurance…

New India Assurance, having surged 50% in the past five trading sessions, has opted for an annual revision of health insurance premiums, moving away from the previous practice of increasing…

Max Healthcare Institute Ltd said it will buy Starlit Medical Centre Pvt Ltd for an enterprise value of Rs 940 crore, thus acquiring the ownership of 550-bed Sahara Hospital in…

Star Health and Allied Insurance is set to increase premium rates for certain individual health insurance plans, with an anticipated rise of approximately 15%. In February, the insurer raised premiums…

A parliamentary panel is set to suggest policy measures for the insurance sector to equip it to deal with the impact of natural calamities on large infrastructure projects, people familiar…

IRDA has mooted a higher surrender value and lower charges for life insurance companies. An exposure draft released by the insurance regulator pitched for a significant increase in the surrender…

IRDAI has set up a high-level panel to suggest steps to increase the participation of banks for easy availability of insurance products across the country. Despite the large network of…

IRDAI has increased scrutiny on the ultimate beneficiaries in the transfer of shares within the insurance broking sector. This increased diligence has led to an extension in the approval timelines,…

IRDAI has released a set of draft product regulations that will force insurers to review their profit margins and rejig distributor commissions. In this draft circular, the regulator has suggested…

Bima Vistaar, the first of its kind all-in-one affordable insurance product for life, health, and property cover, is set to be rolled out in the first quarter of the next…