Liberty General Insurance (LGI) is taking bold steps to raise insurance awareness and accessibility across India, targeting both urban and rural regions with innovative campaigns and grassroots initiatives. Aligning with…
Ethical Practices and Long-Term Trust Over Short-Term Gains Key Highlights: Curbing Product Mis-Selling: RBI Governor calls on banks to prioritize ethical practices, emphasizing the risks of mis-selling products and improper…
Major Tax Policy Changes Expected on Insurance and Consumer Products Key Highlights: Insurance GST Rate: The GST Council will discuss exempting or reducing GST on health and life insurance premiums.…
Unlocking Economic Growth Through Insurance Penetration Key Highlights: Savings Potential: Expanding insurance penetration to underserved populations and events could save the Indian government nearly $10 billion annually, according to a…
Revolutionizing Healthcare Affordability and Accessibility through Technological Synergy Key Highlights: FinTech and HealthTech Integration: India is witnessing a growing convergence of financial technology (FinTech) and healthcare technology (HealthTech), addressing longstanding…
Paving the Way for Greater Global Involvement and Insurance Access Key Highlights: 100% FDI in Insurance: The Indian government plans to propose allowing 100% foreign direct investment (FDI) in insurance…
Comprehensive Insights on India’s Insurance Sector Key Findings: Growth Amidst Challenges: India’s insurance sector has demonstrated robust growth, with gross written premiums (GWP) exceeding $130 billion between FY2020 and FY2023,…
Robust Growth in October 2024 Key Highlights: Overall Sector Growth: The Indian general insurance sector recorded a 27.53% year-on-year (Y-o-Y) increase in gross direct premium income in October 2024, reaching…
Strong Performance Despite Policy Sales Decline Key Highlights: Overall Growth: Life insurance companies posted a 13.16% year-on-year (Y-o-Y) increase in new business premium (NBP), collecting ₹30,347 crore in October 2024.…
Simplified Language: A Solution for Better Customer Satisfaction Key Developments: Simplification is Key: Pushpa Girimaji, member of the IRDA's Insurance Ombudsman Advisory Committee, has emphasized the importance of using clear,…