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Business News/ Insurance

Insurance

Reform push: Insurance amendment bill heads to Parliament

Amendments to clarify IBC, 2016, and changes to the Companies Act, 2023, are unlikely to make it to the coming session. (REUTERS)

Amendments to clarify IBC, 2016, and changes to the Companies Act, 2023, are unlikely to make it to the coming session. (REUTERS)

5 min read . 11 Jun 2025 Gireesh Chandra Prasad, Subhash Narayan

Future Generali launches ‘Health Unlimited’ offering once in a lifetime benefit of unlimited cover.

Future Generali unveils ‘Health Unlimited’ with lifetime unlimited coverage

2 min read . 23 May 2025

As on March 31, 2025, ICICI Prudential Life Insurance had an AUM of ₹3.09 lakh crore.

SBM Bank India ties up with ICICI Prudential for life insurance products

1 min read . 19 May 2025

The government has notified cashless treatment scheme for road accident victims nationwide, under which they will be entitled to a maximum amount of ₹1.5 lakh per accident per person.

Road accident victims can now avail cashless treatment up to ₹1.5 lakh

2 min read . 06 May 2025

Nearly 83% of respondents claim they understand health insurance as a financial product and recognise its importance.

In charts | The health insurance puzzle: 83% Indians aware but only 19% covered

1 min read . 18 Apr 2025

Insurance industry insiders lauded the move to hasten approvals but pointed to on-ground challenges.

Coming soon: Mediclaim cashless approval in an hour; claim settlement in 3 hours

7 min read . 15 Apr 2025

5 common mistakes to avoid when selecting a term insurance policy for better financial security.

5 common mistakes to avoid while choosing a term insurance policy

2 min read . 21 Mar 2025

Health insurance riders provide additional coverage options, such as critical illness and maternity benefits, at lower costs.

What are riders in health insurance? A guide to enhancing your coverage

5 min read . 18 Mar 2025

EMIs have become popular for purchasing various products, including health insurance.

Health insurance EMI: Key risks and considerations you should be aware of

3 min read . 12 Mar 2025

Life insurance: Critical illness rider helps you battle with a critical illness with lumpsum given upon diagnosis.

What is critical illness rider in life insurance plan? Key advantages explained

2 min read . 06 Mar 2025

For insurers, investing in these 50-year on-tap bonds would provide them with a stronger financial cushion needed to operate a business that handles long-term contracts.

Ultra-long bonds: Centre mulls strategy to deepen insurance market

4 min read . 27 Feb 2025

The importance of room rent limits in health insurance

Why room rent limits matter in your health insurance plan—Find out

3 min read . 25 Feb 2025

Irdai has capped senior citizens' annual premium hikes at 10%. (Image: Pixabay)

Irdai caps senior citizens' premium hikes at 10%—what it means for policyholders

3 min read . 03 Feb 2025

Citing Swiss Re Institute’s projections, the survey said India’s insurance sector is expected to grow 11.1% and become the fastest-growing market among G20 nations over the next five years. (MINT_PRINT)

Economy Survey 2025: Insurance coverage lower than global average, notable gaps

7 min read . 31 Jan 2025

Federal think tank NITI Aayog recommended United India Insurance for privatization to a secretaries' panel in FY22, but that has not taken off. (istockphoto)

Privatization on the table: Govt may pick one PSU general insurer for sale

3 min read . 24 Jan 2025

Last month, the finance ministry said the PMJJBY scheme has provided ₹2 lakh life insurance cover to over 210 million beneficiaries across India.

Insurance coverage under PMJJBY and PMSBY may be doubled in the upcoming budget

2 min read . 20 Jan 2025

A composite licence will allow a single entity to offer both life and non-life products, unlike now, when these two activities have to be carried by separate corporate entities. (Image: Pixabay)

Govt eyes insurance law revamp: Composite licensing, fair play for PSU insurers

4 min read . 18 Jan 2025

Mint BFSI Summit panelists during a discussion on the government-backed insurance platform Bima Sugam. (Mint)

Mint BFSI Summit | Bima Sugam: Unlocking the potential of digital insurance

2 min read . 17 Jan 2025

Irdai member Deepak Sood said the regulator is considering a proposal to increase FDI in the insurance sector to 100% from 74%. Sood at the 17th edition of the Mint BFSI Summit and Awards on Friday. (Mint)

Mint BFSI Summit | 100% foreign direct investment in insurance in the works

5 min read . 17 Jan 2025

Health insurers are introducing innovative plans with exceptional benefits.

Top 3 health insurance policies: ‘Ultimate Care’, ‘Elevate’, and ‘Super Star’

6 min read . 17 Jan 2025