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…
The Imperative of Continuous Professional Development in Insurance and Risk Management
As the insurance and risk management industry undergoes profound transformation—driven by regulatory reforms, technological advancements, climate risks, and evolving customer expectations—the need for Continuous Professional Development (CPD) has never been…
Obligatory Cession for the Financial Year 2025-26
No IRDAI/RI/6/213/2025.— In exercise of the powers conferred by Sub-section (2) and (4) of the Section 101A of the Insurance Act, 1938, the Authority, after consultation with the Advisory Committee,…
IRDAI Directs Insurers to Strengthen Cyber Readiness
1. In today's digital age, any cyber incident and / or crisis pose significant threats to organizations and therefore it is crucial to be prepared to respond effectively to prevent…
Commission Upholds Refund for Mis-Sold Insurance
During the discussion, the agent assured Singh that he would need to pay a one-time premium only and that, 18 months later, he would receive promising returns. Singh fell for…
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…
Government weighs 50-yr bonds to deepen insurance market
The Indian government may consider issuing 50-year on-tap bonds in the next fiscal (FY26), in a bid to encourage insurance companies to subscribe and better manage their business, two people…
Role of Insurtech in a Digital Era
[caption id="attachment_27959" align="alignleft" width="161"] Dr Kavindra Kumar Singh[/caption] The insurance industry is undergoing an essential transformation driven by insurtech- an emerging sector that integrates technology with traditional insurance models. With…
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…
Nirmal Bazaz Appointed Honorary Secretary of IBAI
The Insurance Brokers Association of India (IBAI) has appointed Mr. Nirmal Bazaz as its new Honorary Secretary. He was elected director in 2023 and continues to serve in that role…