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Industry News

Independent grievance redress tribunal for health insurance in India is the need of hour

To address the grievances related to health insurance in India and further strengthen the confidence of consumers, participants of a…

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One single insurance policy being planned for life, health, property and casualty in India: IRDAI Regulator

Indian Insurance Regulator is planning to launch a bundled product that will cover life, health, casualty, and property insurance in…

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To expand India’s surety insurance business, IRDAI relaxes norms

The Indian surety insurance market is set to witness a higher growth path as India’s Insurance regulator, IRDAI relaxes norms…

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A common platform being planned by Indian health Insurers to curb fraud

The General Insurance Council of India is planning to partner with hospitals for facilitating cashless claims settlement for non-life insurance…

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India’s first global insurance summit for investments being planned

Later this year, India is planning to host its first state-sponsored global insurance summit. The summit intends to turn the…

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Government owned General Insurers thinking to re-deploy 20,000 employees in marketing

India’s four public-sector general insurers are reviewing a proposal recommended by the global professional services firm EY, to deploy their…

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Indian Public sector General Insurers’ combined market share slips

Four public sector general insurance companies of India have lost their combined market share by 1.75% year-on-year basis, capturing 32.27%…

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IRDAI provides Insurers flexibility for expenses management with new payment rules on commission

The Indian insurance regulator has allowed Insurers an overall limit on expenses of management (EOM) by removing the individual cap…

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Premium rates for fire insurance now linked with claims record by Insurers

Non-life insurance companies in India are linking the premium rates for fire insurance policies to the claims record, doubling the…

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India: Public Liability Insurance is the way to be

Public liability insurance provides cover for any personal injury or damage to the third party which can be attributed to…

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