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.......

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......

How insurers stand to gain from GST rate cut

The exemption of individual life and health insurance premiums from the Goods and Services Tax (GST) enables the insurance industry to make products affordable and attractive, said Ajay Seth,......

Irdai proposes internal ombudsman to address claims up to Rs 50 lakh

The Insurance Regulatory & Development Authority of India (Irdai) on Wednesday proposed setting up an internal insurance ombudsman for insurance companies -- except reinsurers-- with over three......

'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......

Stricter safeguards on cards for life funds

The government has circulated among members ofParliament a new draft of the Amendment of Insurance laws Bill, 2025, proposing stricter safeguards on the utilisation of life insurance funds and......