In a shocking incident, a 27-year-old man in Mysuru, identified as Pandu, has been arrested for allegedly murdering his father, Annappa, to claim insurance benefits. The incident occurred in Periyapatna,…
The Indian insurance industry is undergoing a monumental transformation under the guidance of the Insurance Regulatory and Development Authority of India (IRDAI), led by Chairman Debasish Panda. With a vision…
Rising Rejections and Repudiations In FY 2023-24, health insurance companies in India disallowed and repudiated claims worth ₹26,000 crore, marking a significant 19.10% increase from ₹21,861 crore in FY23. This…
A Decline in Insurance Penetration India's insurance penetration fell from 4% in FY23 to 3.7% in FY24, according to the Insurance Regulatory and Development Authority of India (IRDAI) annual report.…
Robust Growth in Premiums India's non-life insurance industry demonstrated impressive growth in FY 2023-24, with total direct premiums reaching ₹2.90 lakh crore, marking a 12.76% increase from the previous fiscal…
A Decade of Growth: Market Overview The India cyber insurance market is witnessing rapid expansion, with its valuation projected to increase from USD 296.3 million in 2023 to an impressive…
A Landmark Integration Aditya Birla Capital has set a benchmark in the financial services sector by becoming the first financial institution to integrate lending, insurance, and investment services on the…
In a significant regulatory move, the Securities and Exchange Board of India (SEBI) has taken strict action in a front-running case, barring PNB MetLife Insurance's equity dealer Sachin Bakul Dagli…
Dr. J. A. Jayalal, President of the Commonwealth Medical Association (CMA), raised critical concerns about the Indian healthcare system during an event hosted by the Indian Medical Association (IMA) in…
Shares of insurance companies witnessed a decline of up to 6% in Monday’s intraday trade on the Bombay Stock Exchange (BSE) after the GST Council deferred its decision on revising…