Introduction The Insurance Regulatory and Development Authority of India (IRDAI) has directed life and health insurers to implement Bima-ASBA, a new payment mechanism aimed at eliminating unauthorised deductions and delayed…
Introduction Canara HSBC Life Insurance has introduced ‘Promise2Protect’, a new term insurance plan designed to offer comprehensive financial security with customizable benefits. This plan ensures that policyholders can protect their…
Introduction A retired teacher from Indore has fallen victim to a ₹96 lakh cyber fraud, where scammers posing as SBI Life Insurance officials manipulated her into transferring money over two…
Introduction The National Health Authority (NHA) is set to roll out India’s flagship health insurance scheme in Delhi, following the newly formed state government’s approval. Under this initiative, eligible families…
Introduction Air India has successfully locked in a $20 billion insurance policy for its expanded fleet after merging with Vistara. Despite the increase in the sum insured, the airline has…
Introduction The Insurance Regulatory and Development Authority of India (IRDAI) has set up a seven-member committee to review and recommend changes to the Insurance Act, 1938. This move aligns with…
Move Aims to Prevent Mis-Selling of Insurance Policies The Indian government has urged private insurance companies to extend the free-look period for policyholders from one month to one year, according…
Former SBI Chairman Dinesh Khara to Lead Review Panel New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has established a high-level committee to review key provisions of…
Current Rs 5 Lakh Limit Seen as Inadequate New Delhi: India's deposit insurance framework requires urgent revision, as the current coverage limit of Rs 5 lakh is considered insufficient in…
Insurers Consider Air Pollution Impact on Pricing New Delhi: Health insurance premiums in India's capital could see a 10-15% increase, as insurers assess the impact of air pollution on health-related…