News
Life insurers" new business rose 5% in May at "32, 031 crore
15+ hour, 58+ min ago (264+ words) Published - June 10, 2026 09: 39 pm IST - HYDERABAD The new business premium of life insurance companies rose more than 5% in May to "32, 030. 84 crore compared to "30, 463. 21 crore a year earlier even as the number of policies/scheme sold remained a tad lower. Market leader,…...
Health is wealth and both wear away
3+ day, 7+ hour ago (191+ words) Health is wealth and conversely, ill-health is erosion of wealth. Conventional wisdom says this is where health insurance comes in. Until health insurance itself becomes a large drain on the pocket, ironically. All this if today's morbidity trends remain the…...
HC tells insurance company to pay sum assured to kin of man killed by bull during jallikattu
1+ week, 6+ day ago (290+ words) Published - May 28, 2026 10: 59 pm IST - MADURAI The Madurai Bench of the Madras High Court has directed the United India Insurance Company to pay "5 lakh to the family of a spectator, a retired teacher, who was gored to death by a bull…...
Insurance Ombudsmen decided 41, 055 grievances in FY26, 79% in favour of policyholders
2+ week, 6+ day ago (283+ words) Updated - May 21, 2026 10: 04 pm IST - HYDERABAD Insurance Ombudsmen decided 41, 055 grievances during 2025-26. Of these 79% were decided in favour of policyholders, according to the Insurance Regulatory and Development Authority of India (IRDAI). The IRDAI cited the numbers in a release on an orientation…...
Comply with guidelines to curb dark patterns, IRDAI asks insurers
2+ mon, 1+ week ago (149+ words) Published - April 02, 2026 08: 47 pm IST - HYDERABAD Insurance regulator IRDAI has advised insurers offering products on e-platform to carry out a self-assessment on the status of compliance with the Guidelines on Prevention and Regulation of Dark Patterns and submit report within 15 days....
When the "promise" is not the "policy"
2+ mon, 1+ week ago (560+ words) Ever regretted buying an insurance policy? Yeah? Me too! It happens to many of us and for various reasons. One of them is mis-selling. This column often advises readers to do homework before committing money to an insurance policy, warning…...
ICICI Prudential Life Insurance gets "391 crore demand order from I-T
2+ mon, 2+ week ago (98+ words) Updated - March 25, 2026 01: 11 am IST - HYDERABAD ICICI Prudential Life Insurance Company has been issued an order by the Income Tax asking the company to pay more than "391 crore. The amount consists of income tax demand of "3, 471, 293, 534, interest of "439, 545, 379 and nil penalty....
Star Health Insurance sees bigger role for AI in claim settlement, to invest more on tech
2+ mon, 3+ week ago (315+ words) Updated - March 14, 2026 10: 37 pm IST - HYDERABAD Star Health and Allied Insurance Company expects the number of cashless claims settled using Artificial Intelligence (AI) to increase from the existing about 20% to upto 50% in the next two years. Towards this the standalone health…...
Insurance cover in 2025
4+ mon, 3+ week ago (236+ words) Year 2025 was remarkable for insurance with some great regulatory milestones, including the zero GST reform and for Indians as they started seeing insurance as a foundational decision for financial planning rather than borne out of need to save tax. This…...
Insurance Foreign Direct Investment, coming a full circle
4+ mon, 4+ week ago (985+ words) In 1991, alongside India's big liberalisation push and the new industrial policy, planning began for reform of the insurance industry which was then a government monopoly. In 1993, a committee was set up to recommend changes. When the Malhotra Committee Report (MCR)…...