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…
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.…
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…
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…
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…
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…
Parametric Insurance – Revolutionizing Risk Coverage in India India’s insurance industry is undergoing a transformation with the rise of parametric insurance, a solution that simplifies risk coverage and offers quick…
Overall Performance 1. Gross Direct Premium (Within India): The gross premium grew by 76%, from Rs.2,56,894 crore in 2022-23 to Rs.2,89,683 crore in 2023-24. Public sector insurers showed modest growth at 88%,…
A recent report by Apollo Hospitals, one of India's leading healthcare groups, paints a concerning picture of the nation's health. Released in April, the report dubbed India the “cancer capital of the…
ManipalCigna Sarvah Plan Health coverage of India's 'missing middle' The Manipal Cigna Sarvah plan comes in three variants: Sarvah Pratham, Sarvah Uttam and Sarvah Param, with three kinds of benefits…