Brokers’ body IBAI Writes to PM Modi on IRDAI Proposals, Flags Risk to 10 Lakh Livelihoods
New Delhi: The Insurance Brokers Association of India (IBAI), the apex body of India's 798 licensed insurance brokers, has written...
Month: October 2026
GST Relief for Group Insurance: Employers Could Reclaim ₹5,000 Crore
Group Insurance: Indian employers paid insurers more than ₹68,000 crore in premiums for group health cover in FY26. At the...
On a ₹5 Lakh Hospital Bill, ₹50,000 Would Be Yours: Insurers Weigh Compulsory 10% Co-Pay From 2027
Hospital Bill: A family handed a ₹5 lakh hospital bill would pay ₹50,000 of it themselves, even if the policy...
One Day Late, Zero Cover: What Happens the Moment Your Car Insurance Lapses
Car Insurance: For a policyholder whose car insurance ran out at midnight, the next morning looks no different. The car...
Policybazaar Can Survive Even a “Zero Commission World”, Says PB Fintech’s Yashish Dahiya
NEW DELHI, Policybazaar: PB Fintech Chairman and Group CEO Yashish Dahiya has said the company's business model can survive the...
No National ID, No Health Insurance: Nepal Sets December 16 Deadline
Nepal: From mid-December, a Nepali citizen who wants to join the government's health insurance scheme, renew a policy or use...
BMW Fire Claim Rejected, Commission Orders ₹70.75 Lakh Payout
BMW: A consumer commission has directed an insurer to pay Rs 70.75 lakh to the owner of a luxury BMW...
Donald Trump Announces One-Time $90 Medicare Payment for 20.8 Million Seniors
Donald Trump: President Donald Trump announced late on Friday that the federal government will send a one-time $90 payment to...
ICICI Lombard Must Pay ₹50 Lakh Death Claim After Failing to Back Its Rejection
ICICI Lombard: A motorcycle ride on a April afternoon in Andhra Pradesh ended in a fatal collision. Months later, the...
Health Insurance Buyers May Have to Pay 10% of Hospital Bill Soon
Health Insurance: For years, the promise of a comprehensive health policy in India has been simple: get admitted, get treated,...
IRDAI Wants Premium, Reinsurance and Claim Money to Skip the Middleman
IRDAI: The Insurance Regulatory and Development Authority of India (IRDAI) has proposed that insurance premium move directly from the customer's...
IRDAI Wants Many Bima Sugam: Insurer-Run, Not-for-Profit
Bima Sugam: The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a new category of insurer-promoted, not-for-profit digital...
Car Dealers Earn Up to 38% Commission on Your Insurance. IRDAI Wants to Cut It
Car Insurance: Most new-car buyers in India reach the same moment at the showroom. The paperwork is nearly done and...
Sidharatha Mishra to head ICICI Life as Anup Bagchi moves to HDFC Bank
Sidharatha Mishra: ICICI Life Insurance Limited, formerly ICICI Prudential Life Insurance Company Limited, has appointed Sidharatha Mishra as its next...
Gopal Snacks Gets Insurer’s Final ₹36.40 Crore Approval for Rajkot Fire Claim
Gopal Snacks: Almost 22 months after a fire broke out at one of its production units in Gujarat, Gopal Snacks...
