Renewing your health insurance often involves pre-selected higher coverage or add-ons that increase your premium. This guide explains how to identify these unwanted charges and why accurate health declarations during grace periods are cr...
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Industry data shows that 94% of insurance claims are settled, countering common consumer beliefs. With major insurers like HDFC ERGO reporting settlement rates near 98%, the focus is shifting toward how fraud impacts industry costs and p...
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Many health insurance policies impose strict time limits on post-hospitalization expenses like nursing and physiotherapy. As recovery increasingly shifts to home settings, families often face unexpected bills once these coverage windows...
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Missing a life insurance premium in India triggers a grace period, but failure to pay afterward causes a policy to lapse, leading to a loss of financial protection. Understanding the complexities of policy revival, health declarations, a...
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Over the past five years, smaller life insurance companies in India have gained significant market share at the expense of LIC and major private giants. This shift is primarily driven by regulatory changes that allow banks to partner wit...
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Niva Bupa Health Insurance recorded a 30% jump in Gross Written Premium for early FY27, fueled by a younger demographic and regulatory tailwinds. While management targets industry-beating expansion, the focus shifts to whether aggressive...
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Industry experts are emphasizing a shift toward protection-focused life insurance in India to improve financial resilience. With low insurance penetration and a regulatory push for 'Insurance for All by 2047,' this trend highlights a str...
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Shares of major life insurers including HDFC Life, ICICI Prudential, and SBI Life have fallen to 52-week lows after industry data showed a moderation in new business premium growth for May.
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Life insurance industry premium growth plummeted to a 10-month low of 5% in May 2026, marking a sharp deceleration from the 39% surge seen in April. While the fiscal year began with aggressive gains fueled by GST exemptions, the fading i...
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India's general insurance sector is facing profitability pressure due to high reliance on traditional intermediaries. A recent report suggests that shifting to a Direct-to-Consumer (D2C) model could lower costs and improve underwriting p...
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Policyholders can now use multiple health insurance plans to cover hospitalization costs that exceed the sum insured of a single policy. Under IRDAI guidelines, individuals can claim the balance from a second insurer without being forced...
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Home loan insurance adoption in India has surged seven-fold in five months, driven by increased financial awareness among middle-aged salaried professionals. This trend marks a move from lender-bundled products toward independent, standa...
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Recent accidents, including fires in Noida, have highlighted a major oversight among Indian homeowners. Many assume that the insurance tied to their home loan fully protects their property and belongings. However, this coverage is primar...
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SBI Chairman CS Setty confirmed plans for an SBI General Insurance IPO, but clarified that the listing of the SBI Mutual Fund (AMC) will happen first. While the insurance arm shows strong growth, with premiums crossing ₹15,904 crore in F...
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Axis Max Life Insurance has declared a record ₹2,530 crore participating bonus for FY26. While the payout targets 21 lakh policyholders, the company faces mounting scrutiny over profitability, as parent firm Max Financial Services strugg...
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Indian insurers are aggressively reclassifying vapers as smokers, triggering premium hikes of up to 60%. Driven by strict underwriting mandates and the 2019 ban on e-cigarettes, this shift forces consumers into high-risk brackets regardl...
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Kotak Mahindra Life Insurance's ₹1,398 crore bonus payout for FY26 highlights aggressive surplus distribution during a competitive cycle. While the insurer boasts a 99.5% individual claim settlement ratio, the 18.7% surge in bonus declar...
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WestBridge Capital-backed Kiwi General Insurance has launched, targeting India’s under-penetrated motor segment with proprietary tech and personalized pricing. Led by industry veterans, the insurer introduces novel claims features like S...
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Indian outbound travel insurance adoption surged 22% year-on-year in 2026, driven by fears of geopolitical instability and medical inflation. While travelers are favoring higher-limit policies—specifically those exceeding $250,000—a star...
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Life Insurance Corporation of India (LIC) has grown its equity holdings to ₹15.11 lakh crore, yet shares trade 8.6% below their 2022 listing price. While investment income climbs, investors remain wary of market share attrition to privat...
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