Insurance Sector News
Should you buy outpatient insurance? Get the complete lowdown to help you decide.
Retail OPD insurance accounted for less than 0.1% of India's OPD spending of $37.7 billion in FY24. Now, insurers have started to offer OPD coverage and healthcare startups have also entered the space.
6 min read26 Jun 2025Insurers make up add-ons to entice customers into paying more for car insurance
Several general insurers now offer extremely competitive pricing and high discounts on their basic products and make up the ticket size through add-ons and value-added features.
7 min read24 Mar 2025How reinsurers can help bridge India's huge protection gap
The significant disparity between economic losses and insured losses from natural disasters highlights a critical gap in coverage, one that reinsurers can help reduce by shouldering some of the risk insurance companies bear.
4 min read13 Mar 2025Tax changes in budget will increase bank deposits by ₹40,000-45,000 crore: DFS secretary M Nagaraju
Union Budget 2025 proposed an increase in the income tax exemption limit to ₹12 lakh and an increase in the TDS threshold on interest from fixed deposits for general (non-senior) citizens from ₹40,000 to ₹50,000 per financial year.
1 min read3 Feb 2025Insurance reforms: Govt to further relax foreign investment rules while raising FDI limit to 100%
DFS secretary M Nagaraju said on Monday that the insurance reforms bill would be introduced in the ongoing budget session of parliament.
7 min read3 Feb 2025Here's how Budget 2025 can increase the number of insured Indians and fund infra goals
In the upcoming Budget, the government should look at accelerating its support to the insurance sector with some key announcements that could help achieve the goal of ‘insurance for all’ by 2047.
4 min read27 Jan 2025LIC share price drops 3.5% as November premiums decline 27% YoY
LIC share price fell by 3.5% during Tuesday's trading, with premiums in November dropping by 27% year-on-year. Despite an overall rise in premiums for FY25, total and retail APE decreased by 19% and 12%, respectively. The stock's critical resistance remains at 1,000.
1 min read10 Dec 2024LIC clarifies on ManipalCigna stake acquisition buzz; here's what the insurer said
LIC clarified that it is exploring various strategic opportunities, including in health insurance, but currently no material information requires disclosure regarding a potential 50% stake acquisition in ManipalCigna Health Insurance.
1 min read28 Nov 2024New insurance surrender value rules to come into effect on April 1. Details here
The surrender values for life insurance policies will see a decline when policies are surrendered within the first three year, as per the newly released guideline.
1 min read27 Mar 2024International Women's Day 2024: Often pushed myself out of my comfort zone, says Shanai Ghosh of Zuno Insurance
If you truly have an inclusive environment, diversity needn’t be the goal but it will come through on its own.
7 min read7 Mar 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared