Air India crash creates rare insurance dilemma: Nominees also among dead

The devastating Air India 171 plane crash, which claimed 241 lives on board and 29 on the ground, has created an unforeseen challenge for insurance companies to settle some claims where even the......

'This Shock May Trigger Suicides'

'Marathwada is the suicide capital of Maharashtra.''To stop such man-made disasters, the government should immediately come up with a rightful package, not this charitable approach to......

IRDAI removes age limits on health insurance, huge relief for seniors

The Insurance Regulatory and Development Authority of India has removed the age cap on buying health insurance policies, effective from April 1, 2024. Image used for representational purpose only.......

With firefighting behind them, insurers can now shift gears and focus on growth

Recent years have been turbulent for the insurance industry due to direct and indirect tax reforms, regulatory overhaul and other external pressures. Illustration: Uttam Ghosh The events......

'Insurance penetration continues to remain low'

'By quick, fast, and just awards, the insurance ombudsman can bring the trust of the policyholders in the insurance system and insurance as a product and create a positive impact on the entire......

Pent-up demand boosted retail health insurance segment in October

Even as non-life insurers reported muted premium growth in October, standalone health insurers saw a robust 38 per cent year-on-year (Y-o-Y) surge. Illustration: Dominic Xavier/Rediff This growth......

'GST 2.0 Boost For Insurance Industry'

'It will support our growth aspirations. It's very positive as it helps expand the market in a segment that really needs it.' Illustration: Dominic Xavier/Rediff Shriram Life Insurance, promoted......