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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…
With floods wreaking widespread havoc in various parts of the country, inundating large cities such as Mumbai, a comprehensive motor insurance policy alone can save you from losses arising from damage to your vehicles due to such natural calamities. The basic third-party insurance offers protection only if your car causes damage to somebody else. If…
Heavy rains have lashed several parts of India, triggering flashfloods and water-logging in multiple cities. These floods not only disrupt daily movement but can also cause severe damage to vehicles. Among the most affected regions are Maharashtra, Himachal Pradesh, Punjab and Jammu & Kashmir, where continuous downpour has impacted human lives, damaged infrastructure and left…
The Centre has removed GST on all individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance; and on family floater policies and policies for senior citizens and reinsurance thereof, from September 22, 2025, onwards. The move, announced by Finance Minister Nirmala Sitharaman, is aimed at reducing entry barrier price for…
