The Finance Ministry has urged non-life insurance companies to work more closely with state governments to build public trust and policy awareness, especially in the wake of increasing natural disasters and health emergencies....
The removal of GST on life and health insurance premiums has triggered a sharp spike in demand, with LIC recording ₹1,100 crore inflows on the very first day of implementation. The decision, effective...
The Employees’ State Insurance Corporation (ESIC) added 20.36 lakh new employees to the ESI scheme in July 2025, marking a 5% rise from June. More than 31,000 establishments came under the scheme’s ambit,...
With cyberattacks on financial institutions rising sharply, fintechs and NBFCs are increasingly turning to cyber insurance as a safeguard against operational disruptions, data breaches, and regulatory penalties. Experts note that the surge in...
The long-awaited Bima Sugam platform is set to launch soon, promising to transform India’s insurance industry by serving as a one-stop digital marketplace for policies, claims, and services. The initiative, supported by the...
The Open Network for Digital Commerce (ONDC) is set to introduce insurance products on its platform within the next 12 months, marking a major milestone in India’s push for digital financial inclusion. The...
The government’s move to exempt insurance premiums from GST has sparked a debate on whether this reform will truly benefit policyholders or create new challenges for the industry. While lower premiums are expected...
The government is actively considering the removal of Goods and Services Tax (GST) on insurance premiums, a move that could significantly improve penetration in one of India’s most under-served sectors. Insurance coverage in...
Starting January 1, 2026, borrowers across India will have more control over their loan repayments. The Reserve Bank of India (RBI) is all set to implement a set of borrower-friendly guidelines aimed at...
In a significant development for India’s capital markets, the Insurance Regulatory and Development Authority of India (IRDAI) is reportedly considering relaxing investment norms to allow insurers greater exposure to REITs (Real Estate Investment...
The upcoming Monsoon Session of Parliament, set to begin around 21 July 2025, will prominently feature the Insurance Laws (Amendment) Bill, which proposes sweeping reforms—including 100% foreign direct investment (FDI) and composite licences...
India’s insurance industry is undergoing a rapid transformation powered by InsurTech—a new wave of startups and digital-first insurers that are reshaping how policies are sold, serviced, and settled. From usage-based premiums and AI-driven...
On June 27, 2025, Financial Services Secretary M Nagaraju issued a stern warning to banks, urging them to eliminate insurance mis-selling, ensure affordable premiums, and uphold fair claims processing to boost market penetration...
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