Medical Inflation and Enhanced Coverage Drive Rising Claims Key Highlights: What: Health insurance claims have surged over 30% in the past three years due to higher medical costs and increased…
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…
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…
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.…
Neysa, a leading AI Acceleration Cloud System provider, and Data Science Wizards (DSW), a deep-tech AI platform company, have joined forces to launch a cutting-edge Insurance AI Cloud Platform tailored…
Magma HDI General Insurance has entered into a corporate agency agreement with Mahindra Finance, a leading non-banking financial company (NBFC), to offer a wide range of general insurance products. This…
The National Consumer Disputes Redressal Commission (NCDRC) has directed Tata AIA Life Insurance Co. Ltd to refund ₹2.47 lakh, with an interest of 9% per annum, to a low-income family…
A 47-year-old man in China, identified by his surname Li, has been sentenced to death for pushing his wife into the sea to claim her life insurance payout. The case,…
In an unexpected finding from the 2024 Accident Index released by ACKO, a leading digital insurance provider in India, coconuts have been linked to 2.2 times more road accidents than…
The Indian government has decided to exclude a captive insurance company regime from its latest package of insurance reforms. While the move represents a departure from earlier proposals, the reforms…