Insurers

Portability promises flexibility, but switching isn’t always the smartest move.

Life insurance claim delays: What insurers won’t tell you

Claim settlement is the most crucial part of life insurance, yet many families face hurdles—here’s how to ensure a smoother process.

Private insurers surge ahead as public sector struggles; ICRA projects Rs 3.6 lakh crore premiums by FY27

The divergence in financial health, market expansion and profitability metrics underscores a widening gap in sector dynamics, an ICRA report says

Pitch Report: Insurers want Budget 2025 to deliver lower GST, higher exemptions

Analysts have also said that raising the FDI cap on the sector will help boost margins and encourage new listings.

Indian insurers push for more hedging tools from regulator

The insurers have suggested permission to trade derivatives for products that have exposure to benchmark stock indexes as an initial step.

Insurers that rely on parent banks for distribution may be in the firing line

Speculation is rife that the IRDAI may consider regulations that curb the role of parent banks as the main distribution channel for insurers due to the risks that poses and creation of a non-level playing field 

IRDAI reminds insurers to give policy terms in simple document

Called the Common Information Sheet, the document is an abridged version of the policy document which gives basic information of the insurance policy purchased. This will standardise the information among all policies and help for better compression and easy understanding of what is covered and what is not.

EV batteries remain major challenge for insurers: UK's Thatcham

Insurers have complained that many EVs have no way to repair or assess even slightly damaged battery packs after accidents, forcing them to write off cars with low mileage - leading to higher premiums and undercutting gains from going electric.

IRDAI in talks with government for relaxation of Rs 100-crore entry capital for insurers: Debasish Panda

Doing away with the minimum capital requirement of Rs 100 crore would allow entry of small, specialised and niche players, which would help in increased insurance penetration and density in the country.

Insurers must brace for catastrophic cyber risk

Cyber breaches have become so broad and volatile in recent years that insurers have pulled out of the sector completely, raising the spectre that certain kinds of attacks could become uninsurable 

GIC may be first PSU general insurer to launch IPO next fiscal

Two months after the Union Cabinet gave a go ahead to the listing of five general insurance companies, the Department of Investment and Public Asset Management (DIPAM) has set the ball rolling for listing of GIC Re

Banks look for insurance as cyber threats increase

With instances of cyber threats increasing, the banks, which are increasingly going digital prodded by government and regulators following note-ban, are looking for cyber insurance -- a fledgling industry vertical for general insurers but having large growth potential.

Banks rush to buy cyber security cover as digital payments rise

This is despite the fact that the industry base for cyber insurance is currently as low as Rs 60 crore.

Disclose voting decisions in invested cos: IRDAI to insurers

This move will make insurance company disclose all their activity in invested companies with reasons for any decision

Reits & InvITs: Sebi for easy entry of insurers, pension funds

Capital market regulator Sebi is planning to ease entry barriers for domestic institutional investors like insurers and pension funds to encourage robust inflows into the Reits and InvITs markets.

Revised IPO guidelines soon for insurance firms: IRDAI

Revised IPO guidelines will be issued soon for insurers as some of them are keep to tap this route, regulator IRDAI Chairman T S Vijayan said on May 18 while pegging the total foreign investment in sector at Rs 15,000 crore in the last one year due to increase in FDI limit

General insurers to challenge Rs 671-crore CCI penalty

State-owned non-life insurers are "surprised" at the Rs 671-crore penalty that fair trade watchdog CCI today slapped on them for allegedly forming a cartel and rigging the tender floated by Kerala government to select insurance provider for Rashtriya Swasthya Bima Yojna.

Banks, insurers to create common module for new schemes

To roll out three new social security schemes announced in the Budget, the government has asked banks and insurers to develop a common infotech module by June.

PSU banks need to play greater role in MF sale: Sebi

In order to increase penetration of mutual fund products and to energise the distribution network, the Securities and Exchange Board of India has suggested that all PSU banks be encouraged to distribute schemes of all MFs.

Insurers Still Ineffective At Tackling Fraud: Ovum

Fraud prevention at every customer touchpoint critical for increased revenue growth, says Ovum.

Budget Expectations: Hope FM doesn't raise taxes, says HDFC Life

Amitabh Chaudhry, managing director and chief executive of HDFC Life says that the insurance industry is worried that the FM will implement the DTC in parts.

MahSatyam mulls options against insurers on disputed claims

Mahindra Satyam is considering various options for initiating proceedings against a clutch of insurers, which have disputed claims on the policy taken by the company when it was run by disgraced founder B Ramalinga Raju.

IRDA defers launch of health insurance portability to Oct 1

Insurance regulator IRDA has postponed implementation of portability of health insurance policies across non-life insurance companies to October 1.

Bankers seek to rebuild dialogue with regulators

The heads of the world's biggest banks and insurers met in Davos on Thursday to try to improve their relationship with regulators who are crafting tougher rules to prevent another financial crisis.

Banks, emerging markets to drive fundraising market

European banks and insurers could account for up to USD 50 bn of fundraising deals this year as they strive to meet tough new regulations, and assets are spun off by institutions and governments recovering from the financial crisis.