The insurance sector, which mobilised a whopping Rs 7 lakh crore as premium income in FY25, is a key player in the country’s ...

Under the current system, for an insurance policy with an annual premium of ₹1,000, a bank earns an 18% commission, or ₹180, ...

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed changes in the bancassurance model.

IRDAI's 2023-24 handbook on Indian insurance statistics reveals the claim settlement performance of all Indian insurers. Navi ...

A mother’s health or life insurance policy is more than just a safety net-it is the greatest token of appreciation and ...

With commissions that non-life and health insurance companies earn on ceding a mandatory portion of their business to state owned reinsurer GIC RE (referred to as obligatory cession), insurers ...

This measure is set to enhance transparency in treatment costs and expedite insurance services for policyholders. In collaboration with the General Insurance Council, general insurance companies began ...

To address these concerns, regulatory bodies such as the Insurance Regulatory and Development Authority (IRDAI) and the finance ministry have been advocating responsible sales practices.

Star Health and Allied Insurance Company has announced the appointment of Rajeev Kher, Independent Director, as the ...

MDs and CEOs from public and private sector banks, as well as insurance firms, and key officials from the Department of ...

The appointment is subject to regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI). He has worked across areas including international trade, industrial ...