Consumers increasingly opted for higher sum insured policies,...
Category:
Articles
Latest
Cyber Insurance in India: Premiums, Ransomware and the AI
At this time the Indian cyber premium pool is expanding rapidly —...
Insurance Amendment Bill, 2025: Reforms for Insurance Penetration in India
R Doraiswamy, CEO& MD, Life Insurandce Corporation The Bill...
Budget FY2024-25: Indian Insurance Industry’s Wish-list
The upcoming Budget 2024-25 is crucial for advancing insurance accessibility and inclusivity, in line with IRDAI's 'insurance for all by 2047' vision. Some of the important functionaries of the Indian industry put forward a few demands before union finance minister...
Term Insurance: Multiple features with flexible options
Several term plans come with the flexibility of being converted into an endowment policy or a pension fund with monthly annuities, thus becoming more attractive to people Amit Jaiswal, Chief BALIC Direct Officer, Bajaj Allianz Life Insurance One of the simplest forms...
Heat-dome: Indian Temperatures Beyond the Heatwave?
Robert Muir-Wood,Chief Research Officer, Moody’s RMS Mitigation is the only route to relieve the heat stress, and countries that are used to the heat benefit from previous experience and may have the infrastructure – from building design to designated cooling centers,...
Embarking ESG: Changing Investment Paradigm
While the integration of ESG in the life insurance sector presents numerous opportunities, it also comes with challenges. The primary challenge lies in the lack of standardized ESG data and ratings, which can lead to inconsistencies and difficulties in comparison S P...
Dispelling Myths: Insurance Ideas
Insurance awareness doesn't stop at understanding the importance of insurance or the urgency to purchase it; knowing how much coverage is sufficient is also a key challenge that we, as insurers, aim to address Vikas Mittal, Deputy CEO, Magma HDI General Insurance In a...
India Inc’s Risk Index: Demonstrating Resilience
Cyber-attack or data breach is considered to be one of the most critical risks faced today. The BFSI sector endeavored to overcome the same by adopting data security measures including database encryption, stricter controls across levels and application of data...
Climate Change: The Era of Super-Wild Weather Is Already Here
Erich Fischer, a climate scientist at ETH Zurich, has been trying to do for heat something similar to what US researchers want to do for precipitation. His work in recent years has helped demonstrate that temperature records around the world are falling by greater and...
Life Insurance: Surrender charges to reduce finally, hit insurance companies
The Indian life sector has been marred with tax-rate changes (on high-ticket non-par policies) in the budget last year (2023). Investments in smaller tickets, growth in interiors, higher payouts and the ULIP wave (over non-par) have kept margins muted. In this...
EVs for sustainability: Navigating New Challenges
ICICI Lombard’s new study highlights how Electric Vehicles are driving the future transforming motor Insurance even as choosing insurance, premium cost and claim settlement experience are paramount. Notably, consumers are willing to invest in comprehensive coverage,...
LGBTQIA+ community: 9 in 10 in India secure their financial future, says Max Life’s study
With a population estimated to be around 135 million people, or around 10% of India's 1.4 billion population, the LGBTQIA+ community represents a significant segment whose financial preferences and challenges cannot be overlooked The flagship study of Max Life...