Average Health Insurance Claim Amount Up by 30% in Three Years
The average health insurance claim in India has surged by more than 30% in the past three years, primarily due to rising hospital treatment costs and enhanced health cover options…
IRDAI Envisions “Insurance for All” by 2047 with Compliance Reforms
Streamlining Regulations to Enhance Innovation and Accessibility Key Highlights: What: IRDAI's ambitious goal to ensure universal insurance coverage by 2047. When: Announced on December 11, 2024, at the Global Economic…
Max Life Rebrands to Axis Max Life Insurance Following Regulatory Approval
A Strategic Move to Cement Axis Bank’s Stake in Insurance Key Highlights: What: Max Life Insurance has officially rebranded to Axis Max Life Insurance after receiving regulatory and corporate approval.…
The Insurance Times December 2024 EBook Version
The Insurance Times - December 2024 issue - Ebook Version Please click on the image or link below to view the Ebook version of the Journal - https://online.flipbuilder.com/yojw/sdtp/
Exposure draft – IRDAI (Regulatory Sandbox) Regulations, 2024
1. As part of the comprehensive review of Regulations being undertaken by the IRDAI, to enhance the ease of doing business and also reduce compliance burden for stakeholders while also…
The Eighth Bima Manthan, the quarterly meeting of IRDAI with the insurance industry was held on 11th and 12th November 2024, in Hyderabad
This edition is one of its kind where the Regulator had detailed deliberations with the top brass of the insurance industry on key issues to gear up industry to be…
Case Study: Marine Insurance
Introduction Marine insurance plays a crucial role in safeguarding businesses from the financial impact of losses during the transit of goods. With globalization driving cross-border trade, businesses rely heavily on…
ManipalCigna Sarvah Plan Health coverage of India’s ‘missing middle’
ManipalCigna Sarvah Plan Health coverage of India's 'missing middle' The Manipal Cigna Sarvah plan comes in three variants: Sarvah Pratham, Sarvah Uttam and Sarvah Param, with three kinds of benefits…
Consumer Protection: Changes in policy terms must be conveyed
Mustafa Pithawala had taken a home loan of Rs 20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group…
Cyber Insurance: What cyber insurance can do for you and what in can’t
In today’s digital age, where businesses and individuals increasingly rely on technology, cyber insurance has become a vital tool to protect against financial losses and reputational damage. However, companies must…