Editorial – IT March 2025
India's insurance industry stands at the cusp of transformative change, driven by a series of strategic initiatives spearheaded by the IRDAI, aim to enhance operational efficiency, protect policyholder interests, and…
The Future of Life Insurance: Adapting to Changing Consumer Preferences
Life insurance is evolving from a traditional financial product into a flexible, digital-first, and consumer-centric solution. Increased financial awareness, technological advancements, and regulatory reforms are driving this transformation. Consumers today…
The Role of AI and Big Data in Transforming Life Insurance Underwriting
Introduction The life insurance industry is undergoing a significant transformation, driven by the adoption of Artificial Intelligence (AI) and Big Data. Traditional underwriting methods relied heavily on lengthy paperwork, manual risk assessments, and standardized criteria, which often…
Smart Pension Plan for Smart People
Introduction [caption id="attachment_27728" align="alignleft" width="108"] Dr. P. Sundara Pandia[/caption] LIC Smart Pension Plan is a single premium, instant annuity plan that provides lifelong financial security through guaranteed pension payments. Ideal…
Unlocking the Implication of Warranty
It is heartening to note that the regulator in India (IRDAI) recently formed a high-power panel to suggest measures for insurance reforms. It is expected to examine various areas of…
The future of work : Model of the Talent Life Cycle (TLC)
“Insurers that succeed in the coming years will be those that recognize talent strategy has the same importance as core business strategy.” -Mckinsey & Co , Transforming the talent model…
MAHAKUMBH AT THE PARLIAMENT!
UNION FINANCE BUDGET 2025 [caption id="attachment_27709" align="alignleft" width="134"] R. Venugopal[/caption] The Honourable Finance Minister created ripples throughout our country by presenting a highly favourable Union Budget for 2025for the vast…
AI-Powered Investigation: The Missing Link in India’s Fight Against Insurance Fraud
Indian insurance companies lose nearly ₹30,000 crore annually to insurance fraud [caption id="attachment_27705" align="alignleft" width="162"] Suvajit Sengupta[/caption] —a staggering figure. When you consider that India’s insurance penetration rate is just…
Things to Check Before Buying a Term Plan Online
Buying a term plan online is undoubtedly a smart move, since it will help you financially safeguard your family in case something happens to you. Who wants their loved ones…
Editorial – IT February 2025
As Budget 2025 approaches, the insurance industry is looking forward to reforms that can address critical gaps, promote financial inclusion, and drive growth in this vital sector. Here are some…