COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation.However, financial institutions are also facing many other risks…
Indian life insurance industry capped FY21 with a 7.5% increase in new business premiums (NBP) to Rs. 2,78,277.98 crore compared with Rs. 2,58,896.48 crore in FY20. The industry ended the…
With the daily number of COVID-19 cases rising steeply, insurance companies are refusing to give health cover to persons recovered from COVID-19 and are asking them to wait up to…
A day after Union Finance Minister Nirmala Sitharaman tweeted about reports of hospitals denying cashless services to COVID-19 patients and asked IRDAI to take action, the insurance regulator has directed…
IRDAI has recently allowed the insurance companies to invest in debt securities of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs). Earlier, insurance companies were only allowed to…
24 life insurers in India have largely seen impressive growth in New Business Premium (NBP) in March, 2021 and ended the financial year on a high, defying expectations of many…
With the government pushing for electric vehicle adoption, insurers assume it to emerge as a key segment in the coming days. In March, 2020, IRDAI had announced that insurers will…
With an objective to ensure flow of relevant information to policyholders, IRDAI has recently specified certain norms to be followed by the insurers. Health insurance policyholders will now be able…
IRDAI in October had mandated all life insurers to launch Saral Jeevan Bima plans. Edelweiss Tokio Life Insurance Co. Ltd has launched India's first standard term insurance plan called Saral…
The growth in the health insurance segment of non-life insurers appears to be slowing as the fear of Covid subsides. "The initial euphoria for health products during the Covid period…