IRDAI
Health insurance works—until you hide something
Concealing health details may help secure a policy, but it can derail claims later. Why full disclosure—not approval—is the real test of a successful health insurance plan.
3 min read24 Dec 2025Mint Explainer: Why the insurance bill 2025 marks the industry's biggest reform in decades
The bill seeks to amends three core laws—the Insurance Act, 1938; the LIC Act, 1956; and the IRDAI Act, 1999—to allow 100% foreign direct investment, strengthen regulation, introduce new intermediaries, and accelerate insurance penetration.
5 min read17 Dec 2025Inclusion challenge: Let micro insurers help cover the whole country with insurance protection
India’s insurance coverage has been broadly stagnant, leaving millions unprotected. A long-pending idea—standalone micro-insurance companies—could change that. But it will take regulatory tweaks to let micro insurers into the market and help achieve the goal of ‘insurance for all’ by 2047.
3 min read3 Nov 2025Insurance claim rejected over a 15-year-old surgery; is it justified?
Health insurance exists to protect families in times of crisis — not to penalize them for unrelated medical histories from decades past.
1 min read2 Nov 2025Fighting insurance fraud: key highlights of Irdai's 2025 guidelines
The updated guidelines include cyber fraud for the first time, call on insurers to set up fraud monitoring committees, and require distribution channels to have their own anti-fraud policies, procedures and controls, among other things.
3 min read31 Oct 2025Modern treatments rise, but health insurance in India still lags behind
Even as robotic surgery and stem cell therapy gain ground, outdated sub-limits and opaque migration rules leave many policyholders struggling for fair coverage.
5 min read30 Oct 2025India must rethink distribution to achieve insurance for all by 2047: IRDAI's Deepak Sood
India’s insurance penetration rate of 3.7% is significantly lower than the global average of 7%, according to the Economic Survey 2024-25. There is a “notable gap” in the country’s insurance coverage, said the survey.
2 min read8 Oct 2025Bima Sugam India Federation website launch: IRDAI Chairman says ‘milestone’ for insurance sector — all you need to know
IRDAI has launched Bima Sugam, a digital platform aimed at creating a comprehensive Digital Public Infrastructure for insurance, promoting transparency and empowering policyholders. Here's all you need to know.
1 min read18 Sep 2025Govt scraps GST on life, health insurance in move to boost adoption
The move is expected to make life insurance and health products more affordable and encourage wider adoption, particularly among first-time buyers. But this may not immediately translate into a discount of 18%, as insurers will also have to forgo the input tax credit they were able to get on GST.
2 min read4 Sep 2025Ex-Finance Secretary Ajay Seth takes charge as Chairman of IRDAI
Former Finance Secretary Ajay Seth took charge as Chairman of the Insurance Regulatory and Development Authority of India (IRDAI) on 1 September 2025. IRDAI is the industry watchdog with the task of protecting the interests of insurance policyholders.
1 min read1 Sep 2025Wait for it…
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