News
Unlimited health cover goes mainstream: Tier-3 India, Gen Z, and NRIs drive surge in adoption
2+ hour, 58+ min ago (455+ words) After an extraordinary jump in FY26, adoption continued its momentum in FY27, recording another 108. 9% year-on-year growth. The trend signals a behavioural shift among consumers, who are increasingly viewing traditional fixed-sum health covers as insufficient for future healthcare needs. The growth has been…...
NSO 80th Household Survey shows three-fold increase in health insurance penetration
1+ mon, 3+ week ago (317+ words) Fortune India Health insurance penetration in India has grown three-fold with the percentage of population covered under various government health financed and insurance schemes in the country increasing from 12. 9% to 45. 5% in rural areas and from 8. 9% to 31. 8% in urban areas, during…...
43% of life and health premiums now come from rural-majority regions; smaller cities drive half of demand
2+ mon, 2+ week ago (356+ words) India's insurance demand is increasingly shifting beyond metros, with rural and semi-urban regions'emerging'as key growth drivers, according to a study by'Policybazaar'based on premium data from FY23 to FY25.' The report shows that 43%'of fresh'life and'health insurance premiums in FY25 originated from rural-majority districts,…...
Over 8 in 10 users report dark patterns on online insurance platforms; IRDAI faces pressure to act
3+ mon, 6+ day ago (536+ words) India's online insurance ecosystem is under spotlight after a large-scale consumer study found that dark patterns across digital insurance platforms remain widespread'and, in several cases, have worsened over the past two years. According to a March 2026 Local Circles report based…...
Women's workforce gains yet to translate into health insurance ownership: Care Health Insurance
3+ mon, 2+ week ago (415+ words) As more Indian women enter the formal workforce and gain financial independence, their participation in the health insurance market is improving'but it still trails significantly behind men, highlighting a persistent protection gap. Data from Care Health Insurance shows that women…...
Only 20% of women in India have adequate insurance cover: TATA AIG survey
3+ mon, 2+ week ago (319+ words) Ahead of International Women's Day, a survey by TATA AIG General Insurance Company has highlighted notable gaps in women's health insurance coverage and awareness around cardiac care in India, raising concerns about financial readiness for women's healthcare needs. Only about…...
Experts hail Union Budget's healthcare push, to help industry touch $ 130 bn in 3-4 years
4+ mon, 3+ week ago (641+ words) Antony Prashant, partner, Deloitte India, said the next phase of growth for the pharma sector will be driven by quality, innovation, and resilience " not just volume, and today's Budget announcement turns significant in that context...
Budget 2026: Healthcare sector expects more funding and GST rationalisation
5+ mon, 1+ week ago (370+ words) Increased spending on healthcare to about 3-5% of India's GDP, rationalisation of duties and GST, and policy support for preventive and digital health are some of the decisions the healthcare and pharmaceutical industry expects from the Union Budget for 2026-27. Setting up…...
Axis Max Life-IFC partner to make life insurance accessible for underserved communities
7+ mon, 2+ week ago (201+ words) To increase access to life insurance and promote greater financial inclusion in India, Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited, today announced a strategic partnership with the International Finance Corporation (IFC). IFC has invested…...
Insurance complaints jump 45% in Q2 2025; endowment policies top mis-sold list, says report
9+ mon, 1+ hour ago (307+ words) Insurance complaints rose by 45% in the second quarter of 2025, showing increased consumer dissatisfaction in the sector. This data comes from the Q2 2025 Trends Report published by Insurance Samadhan, an insurance grievance redressal platform. The report examined 4, 004 cases with claims worth "75. 4 crore,…...