2024 – Insurance Times

Star Health and Allied Insurance is set to increase premium rates for certain individual health insurance plans, with an anticipated rise of approximately 15%. In February, the insurer raised premiums…

A parliamentary panel is set to suggest policy measures for the insurance sector to equip it to deal with the impact of natural calamities on large infrastructure projects, people familiar…

IRDA has mooted a higher surrender value and lower charges for life insurance companies. An exposure draft released by the insurance regulator pitched for a significant increase in the surrender…

IRDAI has set up a high-level panel to suggest steps to increase the participation of banks for easy availability of insurance products across the country. Despite the large network of…

IRDAI has increased scrutiny on the ultimate beneficiaries in the transfer of shares within the insurance broking sector. This increased diligence has led to an extension in the approval timelines,…

IRDAI has released a set of draft product regulations that will force insurers to review their profit margins and rejig distributor commissions. In this draft circular, the regulator has suggested…

Bima Vistaar, the first of its kind all-in-one affordable insurance product for life, health, and property cover, is set to be rolled out in the first quarter of the next…

IRDAI has proposed new rules to protect policyholders' interests under which insurance companies will have to substantially increase the amount they pay to customers who choose to discontinue their scheme…

The insurance sector is expected to transition to the risk-based capital (RBC) regime and the Ind-AS accounting standard by 2025, which will help the sector align with global standards under…

Bucking the overall positive market trend, life insurance stocks declined by up to 8 per cent after the IRDAI proposed a higher surrender value for life insurance companies. In the…