News
PMJJBY Driving "Insurance for All by 2047: LIC CEO Highlights Role in Financial Inclusion, Jan Suraksha Trinity and Affordable Life Cover " Outlook Business
4+ hour, 42+ min ago (485+ words) Published at: 9 May 2026 9: 56 am Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), launched by Prime Minister Narendra Modi in 2015, is playing a critical role in fostering the government's vision of 'Insurance for All by 2047', LIC CEO and MD R Doraiswamy said…...
Top Lighting Brands Return To The Exhibition Floor After A Long Time At The Smart Lighting Expo In Greater Noida " Outlook Business
2+ week, 6+ day ago (437+ words) The Smart Lighting Expo is not just a display of products; it is a critical convergence point where innovation meets immediate market demand. After a highly anticipated wait, the biggest names in the Indian Lighting sector are making a triumphant…...
Mis-selling in Insurance Sector Significant Concern: Irdai " Outlook Business
4+ mon, 4+ day ago (560+ words) The total number of grievances registered against life insurers has remained almost the same at 1, 20, 429 in 2024-25 Mis-selling is a significant concern in the insurance sector, and insurers need to conduct a root cause analysis to identify the underlying causes, the…...
GST reduction: New life Insurance Business Premium Touches "34, 007 Cr In October " Outlook Business
5+ mon, 3+ week ago (344+ words) India's life insurance sector continued its double digit growth for the second month in a row, with new business premium up by 12. 1% year-on-year touching "34007 crore in October, 2025, Care Edge Ratings said on Tuesday, quoting data provided by Life Insurance Council…...
Comparing Term Life Insurance Plans: Getting The Best Value Beyond Just Price " Outlook Business
6+ mon, 1+ week ago (672+ words) Term insurance offers affordable financial protection for your family. Compare plans by coverage, tenure, claim ratio, riders, flexibility, and service'not just cost'to ensure lasting, reliable security. Term insurance is one of the simplest and most affordable ways of protecting the…...
Insurance Cos Will Have to Reverse Accumulated ITC After GST Exemption Kicks in " Outlook Business
8+ mon, 4+ day ago (579+ words) Life and health insurance companies will have to reverse accumulated Input Tax Credit (ITC) after GST exemption begins on September 22, 2025, raising cost burden on insurers Policyholders will benefit as GST on premium payments for life and health insurance policies (currently…...
GST 2. 0 Reforms: Centre Exempts GST from Individual Life & Health Insurance Policies, Policyholders to Benefit " Outlook Business
8+ mon, 5+ day ago (395+ words) The new decision will bring down the overall premium as the tax component has significantly come down. GST Council exempts health and life insurance premiums from earlier 18% tax. New GST structure simplified to two slabs, plus special 40% category. Premiums may…...
IRDAI Fines Policy Bazaar "5 Crore for Regulatory Breaches Including Premium Delays & Misleading Labels " Outlook Business
9+ mon, 4+ day ago (450+ words) The IRDAI has penalized Policy Bazaar Insurance Brokers "5 crore after a 2020 inspection uncovered undisclosed director ties, delayed premium remittances, misleading "Top/Best" plan tags, and weak internal controls. Policy Bazaar must report compliance actions within 90 days IRDAI fines Policy Bazaar…...
Galaxy Health Insurance Launches New Plan for Senior Citizens " Outlook Business
9+ mon, 2+ week ago (120+ words) The policy is specially designed to cater to medical and financial needs of citizens aged 60 and above. "Galaxy Health Insurance has launched Galaxy Privilege, a comprehensive insurance product specifically designed for senior citizens, a top official said. The company is…...