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Of the total premium underwritten by non-life insurance companies during the month, public insurers garnered Rs 9,164.10 crore while private players took a combined Rs 5,785.90 crore.

Non-Life Insurers Close FY25 With 5% Growth

Weak infrastructure, regulation changes, and motor sales slowdown affect overall growth; health sector shines.

24 April 2025 8:01 PM

Govt Invites Applications for Post of IRDAI Chairman

Current Affairs

Govt Invites Applications for Post of IRDAI Chairman

The deadline for the submission of applications is April 6, per the notification from the Department of Financial...

10 March 2025 4:03 PM

Term plans with this feature provide the insured the benefits of term insurance and return of the premiums paid on completion of the policy term as a survival benefit.

Insurers Turn to Term Insurance to Protect Profit Margins

Rising Term Insurance Demand Driven by Awareness, Affluence, and Regulatory Shifts

19 Feb 2025 6:13 PM

Cashless claims settled up 58% in FY24 from 56%in FY23

Current Affairs

Cashless claims settled up 58% in FY24 from 56%in FY23

Insurance officials said that the “Cashless Everywhere” initiative launched by the non-life insurance industry in...

19 Jan 2025 5:10 PM

LIC traditional plans get dearer, terms & conditions get restrictive

LIC traditional plans get dearer, terms & conditions get restrictive

The products have been revamped after the Insurance Regulatory and Development Authority of India (IRDAI) asked life...

17 Dec 2024 4:20 PM

IRDAI wants insurers to sell to multiple bank customers

IRDAI wants insurers to sell to multiple bank customers

Mumbai: The insurance regulator is considering bringing in regulations to cap the share of a parent bank in the...

12 Dec 2024 4:25 PM

Data leaks: Irdai directs 2 insurers to conduct IT systems audit

Data leaks: Irdai directs 2 insurers to conduct IT systems audit

New Delhi: Insurance regulator Irdai has directed two insurers to carry out audits of their IT systems following...

21 Oct 2024 12:34 PM

IRDAI Rejects LIC’s Request to Revise Surrender Value Norms

IRDAI Rejects LIC’s Request to Revise Surrender Value Norms

No Extension of Oct 1 Deadline for Health & Life Insurers

26 Sept 2024 4:25 PM

Life Insurance policies to offer higher surrender value on premature exit

Life Insurance policies to offer higher surrender value on premature...

Mumbai: From October 1, life insurance companies will pay you a surrender value even if you surrender your policy after...

13 Jun 2024 4:12 PM

IRDAI asks insurers to settle cashless claims in 3 hours

IRDAI asks insurers to settle cashless claims in 3 hours

Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) on Wednesday announced a major revamp of...

29 May 2024 3:49 PM

Hinduja group firm IIHL gets Irdai nod on Rs 9,650-cr RCAP acquisition

Hinduja group firm IIHL gets Irdai nod on Rs 9,650-cr RCAP acquisition

Mumbai: Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International...

11 May 2024 3:58 PM

IRDAI May Raise Special Surrender Value

IRDAI May Raise Special Surrender Value

Mumbai: To ensure fair treatment to policyholders, the Insurance Regulatory and Development Authority of India (IRDAI)...

30 April 2024 6:20 PM