Editorial – IT April 2025
Recently Union Home and Cooperation Minister Amit Shah announced that India's cooperative sector will soon have its own dedicated insurance company. This initiative aligns with the Centre’s broader strategy to…
Fixing senior citizen health insurance pricing beyond the premium caps
The Insurance Regulatory and Development Authority of India (IRDAI) has capped annual health insurance premium hikes for senior citizens at 10%, offering much-needed relief to an age group often hit…
Success Story – Atul Jain, CEO, Jainone Insurance
[caption id="attachment_27966" align="alignleft" width="211"] Atul Jain[/caption] In 1997, young Atul Jain's family of three brothers purchased a second-hand Maruti car. Atul went to a nearby Oriental Insurance Company office to…
Interview with Subrata Mondal, MD & CEO, IFFCO Tokio General Insurance Company
The Indian general insurance industry is witnessing a steady growth, in a range of 10-15%, driven by increasing awareness, regulatory reforms, and rising demand across sectors. About Mr. Subrata Mondal…
Shriram General Insurance introduces Shri Health Suraksha Insurance for comprehensive medical coverage
Shriram General Insurance (SGIC) has launched its first indemnity health insurance plan, Shri Health Suraksha Insurance. The policy covers a wide range of treatments, including modern medical procedures and AYUSH…
Interview with Bhupesh Sushil Rahul, CMD, United India Insurance
United India Insurance has undertaken significant innovative transformations and is strategically positioning itself to better address the evolving needs of its customers and maintain a competitive edge in the market.…
AII Non-Life and Stand-Alone Health insurers except AIC & ECGC
Review of revision in premium rates under health insurance policies for senior citizens 1. The IRDAI has undertaken a series of reforms in the recent past reinforcing empowerment of policyholders…
One-time Mandate for blocking the amount towards premium through Unified Payments Interface (UPI mandate) for issuance of life and health insurance policies- Bima-ASBA
1. Reference is drawn to Master Circular on Protection of Policyholders’ Interests numbering IRDAI / PP&GR / CIR / MISC / 117 / 9 / 2024 dated 5th September 2024…
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…
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…