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A latest survey by fintech firm PolicyBazaar highlights a significant disconnect between consumers’ intentions, awareness, and actual ownership of health insurance in India. While 28.3% of the 3,955 respondents identified health insurance as a “must-have” product for their financial planning, only 18.7% owned health insurance policies. This ownership gap exists despite high awareness levels; nearly…
The Government of India has launched a groundbreaking cashless treatment scheme for road accident victims across the country, ensuring swift and hassle-free medical care for those affected. Effective from 5 May 2025, this scheme entitles every road accident victim to receive treatment worth up to ₹1.5 lakh per person, per accident, without any upfront payment….
SBM Bank India has tied up with ICICI Prudential Life Insurance Company to offer an array of life insurance products to the bank’s customers. In a statement, SBM Bank India said on Monday this bancassurance partnership will enable the bank to cater to its customers a diverse set of solutions ranging from term insurance, long-term…
With health inflation continuing to rise, insurers are regularly coming up with new plans that offer some succour for customers. Future Generali India has launched ‘Health Unlimited’, which offers the customer a once in a lifetime benefit of unlimited coverage that will pay for the full cost of any one claim, irrespective of the sum…
However, amendments to clarify the Insolvency and Bankruptcy Code (IBC), 2016, and changes to the Companies Act, 2023, are unlikely to make it to the coming session, the people said on the condition of anonymity. The Centre is also awaiting a Parliament select committee’s views on the new Income Tax Bill, 2025, meant to…
The Insurance Regulatory and Development Authority of India has started the process to issue show cause notices to as many as eight insurance companies after allegedly finding lapses in their health insurance portfolios, a report said. As per the report by CNBC TV18 on Friday citing sources, the eight companies that were are being sent…
If you’re switching jobs, don’t forget to carry forward your health insurance. Most salaried employees in India are covered under a group health policy offered by their employer. While this cover may seem like a safety net, it lapses the moment you leave your job—unless you takeaction. Many employees don’t realise they can convert their…
India’s insurance sector has increasingly become a soft poaching ground for e-commerce, quick commerce, and logistics firms, which are hiring aggressively ahead of the festive season in anticipation of a sales surge following last week’s goods and services (GST) rate cuts. The insurance industry experiences very high attrition rates at junior levels, as its young…
Edme Insurance Brokers Ltd (formerly Aditya Birla Insurance Brokers Ltd) has acquired the Indian operations of London-based UIB Group in a strategic initiative to strengthen its value proposition. UIB Group is a privately owned international insurance and reinsurance broker. Its Indian operation, UIB Insurance Brokers (India) Pvt. Ltd, extends the group’s operations to India. Edme’s…
The richest Ganesh mandal of Mumbai GSB Seva Mandal has bought an insurance cover of ₹474.4 crore this year. The increase in cover is because of the higher value of gold and silver ornaments adorning the Ganesh idol besides larger number of volunteers. Notably, the mandal had taken an insurance policy worth ₹400 crore last…
