News
Pensioners Asked to Submit Life Certificates by Feb. 28
4+ hour, 10+ min ago (157+ words) Kakinada: East Godavari district treasury officer N. Satyanarayana on Thursday told all the pensioners to submit their life certificates between January 1 and February 28. Launching the verification process at the district treasury office, he said pensioners, including family pensioners and retired employees…...
Mis-selling Complaints Rise Against Life Insurers In FY25
3+ day, 5+ hour ago (212+ words) Mis-selling Complaints Rise Against Life Insurers In FY25Deccan Chronicle Mumbai: Even as the total number of grievances registered against life insurers remained flat to 1.20 lakh in 2024-25 compared to the previous year, the total number of grievances related to mis-selling of insurance…...
IRDAI To Issue Norms To Bring Down Distributorsâ Commissions
3+ day, 7+ hour ago (427+ words) Speaking to a news channel, M Nagaraju, Secretary, Department of Financial Services, said that the Insurance Regulatory and Development Authority of India (IRDAI) is set to come out with draft regulations on regulating insurance commissions. Mumbai: In a bid to…...
DC Edit | Govt Must Tread Cautiously On Insurance, Nuclear Bills
2+ week, 1+ day ago (902+ words) It must be recalled that India had nationalised life insurance, and the Life Insurance Corporation of India was formed only after several private insurance companies shut their shop Two bills that the Lok Sabha passed on December 17 will have a…...
India’s Medical Inflation Slows but Remains High: Aon Report
3+ week, 1+ day ago (417+ words) Medical trend rates represent the annual percentage increase in per-employee medical plan costs across both insured and self-insured plans and serve as a key indicator for organisations preparing long-term benefits strategies. Aon plc, a global professional services firm, has released…...
Health Insurers Lose ₹10K Crore Annually Due to Fraud, Abuse: Report
1+ mon, 1+ week ago (270+ words) The findings, published in a new joint report titled "From Suspicion to Solution: A Strategic Approach to Health Insurance Fraud," stresses how data gaps, weak controls, and misaligned incentives are driving systemic leakages across the sector Mumbai: India's health insurance…...
Home Guards Urged To Get Health Insurance
1+ mon, 1+ week ago (141+ words) As per the directions of Police Commissioner P. Sai Chaitanya, a special meeting was held on Friday at the police parade grounds: Reports NIZAMABAD: Additional DCP (AR) K. Ramachandra Rao said Home Guards play a crucial role in the police system, and…...
South Leads Term Insurance Rider Purchases: Study
1+ mon, 2+ week ago (178+ words) MUMBAI: The country is witnessing a strong shift towards comprehensive term insurance in India with the Southern regions outpacing North in buying riders when buying term plans showed a study by leading insurance aggregator Policybazaar of its own customers from…...
GST Exemption on Life, Health Insurance Has Boosted Sales Says IRDAI Member
1+ mon, 2+ week ago (272+ words) He also said that for the country to achieve the goal of "Insurance for all by 2047" we must overcome three key barriers including awareness, affordability and accessibility and bridge the trust deficit. He also urged insurers to ensure there is…...
GST Fails To Entice Life Insurance Buyers, Shows Oct New Sales Data
1+ mon, 3+ week ago (332+ words) Public sector behemoth Life Insurance Corporation of India (LIC) grew by 13 per cent in October with a first-year premium of Rs 19274 crore: Reports MUMBAI: The government's move to fully exempt life insurance from the 18 percent Goods and Services Tax (GST) rate…...