25,000 gram panchayats will be covered this time, with gram...
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IRDAI reconstitutes Insurance Advisory Committee
The IAC advises the Irdai on framing regulations, protecting...
Modernising Indian Insurers: Technology route to transformation
Organisations that are moving towards modular systems and...
RBI faults Indian insurers’ high-cost distribution strategies
Premium growth in the Indian insurance industry has been increasingly driven by high-cost distribution-led strategies rather than operating efficiency. In non-life sector, commission growth has significantly outpaced other operating expenses, the RBI said mentioned in...
Pvt sector insurers pay higher commissions, constraint expansion of insurance coverage:IRDAI & RBI reports
Commission expenses and operating expenses constitute a major part of the total expenses of the general insurance industry, said the IRDAI in its annual report of 2024-25 For the life insurance sector, total commission outgo increased by 18 per cent (whereas the total...
Indian Insurance Broking Industry-2026:Future trends and challenges
The old ways of doing business are no longer enough. Brokers are dealing with tighter regulation, rising costs, higher client expectations, and a risk landscape that keeps getting more complex. These pressures are forcing a rethink, not just of tools and processes,...
Whole-time directors’ vigilance matters of PSU banks, insurers to be reported promptly:FinMin
The directive from the Department of Financial Services (DFS) under the ministry follows several instances where adverse information about board-level appointees was not promptly reported.Without citing any specific case, the advisory issued earlier this month, said,...
LIC collaborates with Sahaj Insurance Services to reach rural and semi urban areas
The Life Insurance Corporation of India (LIC) on Friday announced collaboration with Sahaj Insurance Services Private Limited to strengthen insurance penetration across rural and semi urban areas of the country. Under the collaboration, Kanoria Foundation company...
Indian Insurance sector-2026: Leaders remain bullish on industry’s growth
``Looking ahead to 2026, climate risk in India is emerging as a significant financial and public health challenge. We are seeing growing demand for coverage beyond traditional health and motor insurance, including cyber risk, Fire Insurance and emerging business...
Indian cos increasingly adopting AI-driven tools to streamline their hiring processes
Companies such as Paytm, Titan, Muthoot Fincorp, SBI Life Insurance, IDFC First Bank and HCL used the AI tool. New Delhi: As artificial intelligence continues to expand its footprint across sectors, companies are increasingly adopting AI-driven tools to streamline...
Hong Kong plans new crypto,infrastructure rules for insurers
The insurance regulator would impose a 100% risk charge on cryptoassets, according to a presentation on Dec. 4 seen by Bloomberg News. Stablecoin investments would attract risk charges based on the fiat currency the Hong Kong-regulated stablecoin is pegged to, the...
Life Insurance:India’s insured population jump from 15 crore to nearly 40 crore in a decade
Growth has been supported by increasing demand for group insurance, product innovation, personalised offerings, and stronger distribution networks, especially in individual insurance. New Delhi:The number of people covered by life insurance in India has risen sharply...
Govt notifies new Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, IRDAI to frame new regulations
Now, insurance regulator IRDAI will come out with new set of regulations in accordance with the new Act which provides a host of changes including hiking FDI from 74 per cent to 100 per cent for the Indian insurance companies The new Act introduces one-time...