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MP urges Sitharaman for easing ‘stringent’ lapse rules in life, health policies in Rajaya Sabha

MP urges Sitharaman for easing ‘stringent’ lapse rules in life, health policies in Rajaya Sabha

by AIP Online Bureau | Apr 2, 2026 | Health, Indian News, Life

“It is the ruthless lapse rules governing life and health insurance policies. Today, most insurance policies, including those under LIC, provide a mere 30-day grace period for premium payment. A single list installment caused by sudden job loss, medical emergency,...
Apr1 Renewals:India’s loss-free excess of loss business saw price reductions exceeding 20%, says Guy Carpenter

Apr1 Renewals:India’s loss-free excess of loss business saw price reductions exceeding 20%, says Guy Carpenter

by AIP Online Bureau | Apr 2, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Atish Suri, CEO India, Middle East & Africa, stated,”In the India and Middle East markets, we are seeing a strong commitment from reinsurers to maintain coverage despite the complexities posed by ongoing conflicts.” In terms of Apr 1 renewal outcomes,...

HDFC Life partnership with KKR for IPL cricket season

by AIP Online Bureau | Apr 2, 2026 | Workplace/Employee Benefits

HDFC Life has announced its association with the Kolkata Knight Riders (KKR) as an official partner for the recently commenced IPL cricket season. Pritika Shah, head-marketing, HDFC Life, said, “Given India’s diversity, we have been building our brand through...
Peak Re ends 2025 with a $2.2 billion gross premium and net profit of $189 million

Peak Re ends 2025 with a $2.2 billion gross premium and net profit of $189 million

by AIP Online Bureau | Apr 1, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

During 2025, the growth of Peak Re was primarily driven by the continued deepening of its global diversification strategy. It strengthened its presence in high-growth emerging markets such as India, while further expanding its penetration in the mature markets of...
IRDAI forms joint expert group under Rajay Sinha for developing Ind As norms

IRDAI forms joint expert group under Rajay Sinha for developing Ind As norms

by AIP Online Bureau | Apr 1, 2026 | Indian News, Life, Non-Life, Regulation

Rajay Kumar Sinha member, Finance & Investments Indian Accounting Standards (Ind AS) is getting implemented from Apr 1 Hyderabad:In a bid to manage the technicalities for implementing Indian re/insurers to impement Indian Accounting Standards (Ind AS), which is...
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