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Health insurance policyholders with OPD cover report 5-10% fewer hospitalisations: Study
Fri, Sep 12, 2025     Source : Mint
The Policybazaar report mentioned here tracked the health insurance growth with regards to OPD adoption in the past three years
INSURANCE NEWS
Insurance executives knock on FinMin door for input tax credit fix
Thu, Sep 11, 2025     Source : Business Standard
The insurance chiefs in a letter submitted to the finance ministry officials on Friday sought for implementation of the new GST rates on a prospective basis, while allowing for ITC on renewal premiums
INSURANCE NEWS
Non-life insurance premiums up 1.6% in August on crop insurance drag
Thu, Sep 11, 2025     Source : Business Standard
Non-life insurers saw premiums rise 1.6% in August to Rs 24,953 cr as crop insurance weakened; New India Assurance and National Insurance posted strong growth
INSURANCE NEWS
After difficult first half, remaining year may be better for life insurers
Thu, Sep 11, 2025     Source : Business Standard
LIC's weak performance pulls down industry APE growth, while mid-sized private insurers like Axis Max and HDFC Life expand market share
INSURANCE NEWS
Life insurers' new premiums up 6.2%, private companies lead way
Wed, Sep 10, 2025     Source : Economic Times
India's life insurance industry reported a 6.2% on-year increase in new business premiums during April-August this year, mainly driven by an increase in ticket size, although absolute growth in the number ...
INSURANCE NEWS
Insurance players to seek clarity on credit life policies
Wed, Sep 10, 2025     Source : Economic Times
Insurers are going to seek clarity from the Centre on the scope of GST exemption for life and health covers after the GST Council scrapped the indirect tax on individual policies but retained the levy on c...
INSURANCE NEWS
More senior citizens opt to port health insurance policies: Experts
Mon, Sep 08, 2025     Source : Business Standard
Innovation, digital ease driving the shift, say insurers
INSURANCE NEWS
GST cut likely to defer insurance buying till new rates kick in
Fri, Sep 05, 2025     Source : Business Standard
Experts expect spike in health and life insurance sales post-September 22, 2025, after GST exemption on individual policies takes effect, but many customers are likely to defer purchases until then
INSURANCE NEWS
Input tax credit removal blunts impact of GST waiver on insurance
Fri, Sep 05, 2025     Source : Business Standard
While the GST exemption on health and life insurance premiums will lower costs for consumers, insurers will absorb some impact due to the removal of input tax credit (ITC)
INSURANCE NEWS
GST exemption on life, health policies: Lock in lower term premiums now
Fri, Sep 05, 2025     Source : Business Standard
Enhance sum insured on base health policy, buy add-on cover
INSURANCE NEWS
Do health insurers allow reducing the base sum insured to lower premiums?
Thu, Sep 04, 2025     Source : Mint
If you want to reduce the sum insured in your base plan, you could consider porting the policy to another insurer.
INSURANCE NEWS
Govt delivers 'GST Diwali bonanza': Cheaper essentials, big relief on insurance premiums
Thu, Sep 04, 2025     Source : Economic Times
The Centre and states on Wednesday approved the biggest overhaul of the country’s goods and services tax (GST), eight years after it was launched.
INSURANCE NEWS
Axis Max Life partners with India Post Payments Bank for distribution of insurance products
Thu, Sep 04, 2025     Source : Economic Times
Axis Max Life Insurance Ltd and India Post Payments Bank (IPPB) have announced a partnership aimed at delivering affordable life insurance solutions beyond Tier 1 into emerging regional markets across rura...
INSURANCE NEWS
New Irdai chairman Ajay Seth urges insurers to innovate using DPI framework
Wed, Sep 03, 2025     Source : Business Standard
Ajay Seth, the new Irdai chairman, has urged insurers to experiment and innovate using digital public infrastructure rails to drive affordable and tailored insurance products
INSURANCE NEWS
Irdai hardens stance: No insurance licence to VC-backed fintechs
Wed, Sep 03, 2025     Source : Economic Times
Irdai is reportedly tightening its grip on insurance manufacturing licenses for venture-backed fintech startups, favoring promoter-driven companies.
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