Your Trusted Resource for Affordable, Tailored Business Coverage
Ajay Seth , Chairman of the Insurance Regulatory Development Authority of India (IRDAI) on September 17 (Wednesday), launched the official website of Bima Sugam India Federation (BSIF). In a statement, BSIF has been touted as the “first visible step” to building the country’s Digital Public Infrastructure (DPI) for insurance. The development is aligned with the…
The year 2024 has been transformative for India’s life insurance sector, marked by regulatory advancements, evolving customer needs, and innovative product developments. These changes have driven industry growth and reinforced its role in securing the financial well-being of millions of Indian families. The sector has shifted towards greater digitalisation, improved product offerings, and enhanced accessibility,…
The move, being mulled by the Union finance ministry with the help of the Reserve Bank of India (RBI), would also help the government nudge the industry towards its target of insurance for all by 2047, these people said on the condition of anonymity. For insurers, investing in these 50-year on-tap bonds would provide them…
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…
