The Insurance Times May 2025 EBook Version
The Insurance Times - May 2025 issue - Ebook Version Please click on the image or link below to view the Ebook version of the Journal - https://online.flipbuilder.com/yojw/adru/
Editorial – IT May 2025
Last month marked a period of both recalibration and cautious optimism in India’s insurance industry. The latest data reveals that the non-life insurance sector clocked a 6.2% growth in gross…
Health Insurance Crisis: Addressing Claim Rejections, Mis-Selling & Premium Hikes
India’s health insurance sector has been on a growth trajectory, with double-digit annual expansion and increased awareness post-pandemic. Yet, beneath this surface of progress lies a deepening fault line—the growing…
Madras HC orders payout despite lapsed policy, citing ill-health.
Case Title: R Sasikala Devi v The AAO/ Assistance Secretary and others Summary The Madras High Court has ordered the SBI Life Insurance Company to pay a claim amount to…
The NCDRC rejected LIC’s appeal and ordered it to pay Rs. 47.90 lakh to the nominees.
Case: Life Insurance Corporation of India vs. Dr. Nilam Hetalkumar Patel & 4 Ors. Summary The Life Insurance Corporation of India (LIC) faced a decision from the Gujarat State Consumer…
Gaps in health insurance system
While a growing number of households are being covered by health insurance schemes, the real test lies in how well those schemes support individuals when it comes to reimbursement of…
Choose policy with guaranteed bonus, unaffected by claims
With medical inflation at around 15 per cent annually, one way customers can mitigate rising costs is by opting for policies with attractive bonus features. A bonus is an additional…
Digital Identity and Inclusive Insurance: Breaking Barriers to Access
Introduction Access to insurance has long been a challenge for underserved and marginalized communities across the globe. Factors such as lack of formal documentation, limited financial literacy, geographic isolation, and…
Insured and invested: Women take charge of their health finance
Health insurance is no longer an afterthought for women, who are increasingly recognising its importance amid rising cost of healthcare. Instead of deferring the decision or relying on male family…
Reputation Risks in the Digital Era: A Growing Concern for the Insurance Industry
Introduction In today's hyper-connected world, reputation is one of the most valuable yet vulnerable assets for any organization. With social media, 24/7 news cycles, and instant consumer feedback, a single…