2+ mon, 3+ week ago (424+ words) The new regime has abolished tax on individual life and health insurance products sold by companies such as LIC, SBI Life Insurance and ICICI Prudential Life Insurance. This move is likely to boost premiums and customer adoption of such products....

5+ mon, 4+ week ago (119+ words) Irdai urges insurers to cover India, not just quote stats General insurance industry to invest Rs 100 cr annually for next 3-5 yrs in nationwide awareness campaign Axis Max Life MD & CEO Prashant Tripathy to step down on Sep 30 Life insurance sector in India to grow at 10.5% against global average of 5%: Report Irdai raises concerns over tweaks to show solvency ratio SC notice to Centre, IRDA on plea against exclusion of epilepsy from insurance coverage LIC bags Guinness world record for selling highest number of life insurance policies in 24 hrs Half of India's vehicles still uninsured, says New India Assurance chief Star Health to focus on retail in bid to grow premiums...

2+ mon, 1+ week ago (418+ words) The non-life insurance sector in India continued to experience a slowdown in premium growth in August due to a decline in crop insurance and a softer market for passenger vehicles, Care Edge Ratings said in a report....

1+ mon, 2+ week ago (376+ words) I am 35 years old, unmarried, and recently bought a term life insurance plan for Rs 1 crore, for 25 years. As my income and responsibilities may grow, can I increase the cover amount in future under the same policy, or will I need to buy a fresh policy? Our panel of experts will answer questions related to any aspect of personal finance If you have a query, mail it to us right away.I am 35 years old, unmarried, and recently bought a term life insurance plan for Rs 1 crore, for 25 years As my income and responsibilities may grow, can I increase the cover amount in future under the same policy, or will I need to buy a fresh policy? What is the best way to plan for rising life cover needs over time?Sarbvir Singh mentioning your full name and city of…...

3+ mon, 5+ day ago (275+ words) Surgeries and medicines at a fraction of the prices overseas, insurance cover at much lower premiums, and cultural familiarity are some factors attracting non-resident Indians (NRIs) to India for medical services. A Policybazaar report sheds light on India's medical tourism sector, expected to grow to $13 billion in 2026. Pocket-friendly surgeriesFor an NRI, the average claim amount in India for common elective surgeries could range from $2,000 to $15,000, and from $20,000 to $40,000 for more complex procedures Compared to international costs, these figures still represent substantial savings Cheaper medicationAffordable generic variants of a variety of specialised drugs and therapies, which are widely available as well as covered under insurance, makes treatment for a longer term and for chronic conditions easier in India Affordable premiumsWith an average annual premium per person of $120-300, health insurance in India is more affordable than in most nations Major trends in…...

1+ mon, 2+ week ago (584+ words) Policybazaar witnessed its highest-ever traffic for health and term insurance following the government's 0% GST announcement. Demand surged significantly, with term insurance seeing a 2.5x increase and health insurance a 2.2x rise, converting latent demand into active interest and strengthening household financial resilience....

4+ mon, 1+ day ago (548+ words) Nirmala Sitharaman told the Lok Sabha about allowing 100% FDI in insurance. This move aims to unlock the sector's potential and enhance coverage. The government projects a 7.1% annual growth for the insurance sector. Raising the FDI limit eliminates the need for foreign players to find Indian partners. This will attract investment, enhance competition, and improve insurance penetration in India....

2+ mon, 1+ week ago (564+ words) The Indian government is set to launch a unified, nationwide electronic land records database to clarify ownership rights in both rural and urban areas. This initiative aims to streamline land markets, reduce disputes, and attract investment, aligning with broader economic reforms. The move is crucial for India's manufacturing ambitions and infrastructure development, promising greater transparency and efficiency....

1+ mon, 2+ hour ago (541+ words) Health insurance demand has surged by 38 percent following the removal of GST. Individuals are now opting for higher coverage amounts, with the average sum insured increasing significantly. This trend is observed across various age groups and even in smaller cities. The exemption makes health and life insurance more affordable, encouraging comprehensive protection against rising healthcare costs....

2+ mon, 3+ week ago (443+ words) India's state-run insurers are set to introduce zero-tax individual policies to broaden insurance coverage, following a government decision to exempt individual insurance purchases from GST. While this move aims to lower premiums, the unavailability of input tax credits may initially squeeze insurer profitability. Insurers are exploring cost-cutting measures to mitigate the impact and ensure the benefits reach consumers....