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    • Inside the delay: Why Bima Sugam India Federation is not ready despite multiple launch timelines

      At the heart of the project sits a structural paradox — the platform seeks to unify an ecosystem whose strongest participants are, at the same time, contenders

    • IRDAI should shift to segment-wise EOM compliance to curb cross-subsidisation, says Generali Central MD & CEO Anup Rau

      The current framework allows insurers to cross-subsidise loss-making wholesale and regulated segments using profits from retail business, creating pricing distortions, Rau tells Moneycontrol

    • Economic Survey 2026: Maximum penalty for insurers raised tenfold to Rs 10 crore

      Move aims to strengthen policyholder protection and tighten regulatory enforcement across insurance and intermediary ecosystem

    • Universal Sompo’s health portfolio up 8% after GST cut: MD Sharad Mathur

      The company is targeting a premium income of Rs 6,000 crore in FY26, compared with Rs 5,000 crore in the previous financial year

    • IRDAI, insurers likely in talks to relax investment rules amidst amendments to Insurance Act

      This potential development comes at a time when the Reserve Bank of India (RBI), too, recently flagged concentration risk in government securities

    • What is mis-selling in insurance, and why has IRDAI flagged it in its latest report? | Explained

      The regulator noted that mis-selling frequently leads to higher premiums, dissatisfaction and ultimately non-renewal of policies, contributing to a rise in lapse cases across the industry.

    • IRDAI likely working on commission cap rules, draft norms expected in 4 months

      Insurers, intermediaries asked to brace for tighter oversight on payouts after Insurance Act amendments

    • India’s reinsurance market grows 11% to Rs 1.12 lakh crore in FY25

      During FY25, the gross reinsurance premium written by Indian reinsurers and FRBs stood at Rs 69,228.64 crore. Of this, domestic business continued to dominate, accounting for nearly 85 percent of the total, while foreign business contributed the remaining share

    • PSU general insurance merger likely still at preliminary stage

      Industry officials familiar with the matter say the government is still at a preliminary assessment stage, with no formal execution plan or timeline in place

    • Insurance sector 2025 reform pipeline: Promise vs delivery

      Despite outlining one of its most expansive reform blueprints, only select regulatory measures have seen progress this year, with the bigger overhauls held back by statutory delays, ecosystem gaps and uneven insurer preparedness

    • While insurance ombudsman amendments sharpen jurisdiction, questions linger on capacity

      Insurers and intermediaries are likely in discussions with IRDAI on issues such as staffing, infrastructure expansion, and disposal timelines under the proposed changes

    • India’s health insurance sector faces Rs 10,000-crore annual leakage due to fraud and abuse

      Health insurance gross written premium has reached Rs 1.27 lakh crore in 2025 and is projected to nearly double to Rs 2.6-3 lakh crore by 2030, a BCG report said

    • Why Bima-ASBA’s adoption may be stuck in limbo

      While early adopters have shown the system can work, several insurers seem to continue to grapple with legacy infrastructure, complex bank and UPI integrations and concerns over near-term cash-flow disruption.

    • ‘Third party’ definition under motor insurance may be expanded to include owner-drivers

      Sources say, this change is currently being circulated among stakeholders and if approved, is likely to be rolled out in the upcoming winter parliamentary session

    • IRDAI examining feedback on proposal to appoint internal ombudsmen in insurance firms: Ajay Seth

      Seth also flagged persistent gaps in health insurance claim settlements, calling for greater transparency and fairness from insurers

    • Insurance agents & associations likely to take up GST issue with IRDAI, Finance Ministry

      While strict cost caps has forced private insurers to pass GST burden to agents, PSUs like LIC, New India Assurance, Oriental and United India have decided to absorb loss

    • Insurance forum likely to seek clarity on input tax credit and GST exemption from IRDAI, Centre

      Sources say, insurers may be fearing the possibility of customer grievances if refunds are delayed or denied, while actuarial teams face the challenge of recalculating projections for policies spanning across the transition period

    • Ex-finance secretary Ajay Seth takes charge as Irdai Chairman

      Seth, a 1987-batch IAS officer of Karnataka cadre, retired as the Secretary of the Department of Economic Affairs in June after a four-year-long stint

    • Bima Sugam portal will offer online access all your insurance policies

      A single safe account will make it easy to view, renew, and compare all your insurance policies with providers—here's how Bima Sugam is likely to work when launched.

    • What led to the selloff in PB Fintech shares: IRDAI's regulatory action explained

      IRDAI's action dates back to June 2020 when it conducted a remote inspection of PolicyBazaar’s operations during its IWA tenure and found irregularities in how it managed the sales processes, disclosures, partnerships, and premium flows.

    • PB Fintech shares fall after disclosure shows fine by IRDAI over regulatory lapses

      IRDAI had inspected Policybazaar back in June 2020 and had issued a show-cause notice to PB Fintech in October 2024.

    • Why IRDAI wants insurers to appoint an in-house ombudsman and what it means for policyholders

      The insurance regulator has released a draft framework to mandate internal ombudsmen within insurance companies, and is expected to finalise the regulations by Q3FY26. Moneycontrol explains everything you need to know.

    • IRDAI's Satyajit Tripathy cautions on practices of insurance brokers to increase valuation

      ripathy said that in the insurance broking space, there is a record level of activity in terms of mergers, acquisitions, and demergers in the distribution segment. “The regulator is witnessing increased activity in this area on a day-to-day basis,” he said.

    • Former DEA Secretary Ajay Seth appointed IRDAI Chairperson for three years

      The appointment ends a four-month vacancy at the insurance regulator; Seth brings nearly four decades of public finance and policy experience to the role

    • Ajay Seth named IRDAI chairman for three-year term

      His appointment was confirmed through an official government notification, and he will hold the position for a tenure of three years.

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