Hospital body warns of suspension of cashless services to Star Health policyholders
The Association of Healthcare Providers - India (AHPI) has issued a warning to Star Health Insurance, threatening to suspend cashless facilities to policyholders due to the insurer's questionable practices. The association, which represents over 15,000 hospitals and healthcare institutions, has raised several concerns, including the insurer's...
GST exemption on retail insurance likely to boost demand, with HDFC Life and Niva Bupa among Motilal Oswal’s top picks.
The insurance industry is facing a short-term challenge in terms of cash flow due to the recent announcement of a change in GST rates. The change, which is set to take effect until September 22, is expected to impact the industry in several ways. Firstly, policyholders who have purchased insurance policies in the last month are entitled to a free...
Aviva has introduced a new guaranteed fixed term annuity, designed to address the changing requirements of individuals in retirement.
Aviva has introduced a new retirement income product, the Guaranteed Fixed Term Income Plan, which provides a guaranteed income over a fixed term of 3 to 25 years. This product offers clients greater control over their pension savings and allows them to reassess their retirement strategy at the end of the term without requiring a lifetime...
Star Health Unveils Flexible ‘Star Flexi’ Riders For Super Star Plan – BW Healthcare World
Star Health, a prominent health insurance provider, has introduced a new range of flexible riders called "Star Flexi" for its Super Star plan. The Super Star plan is a comprehensive health insurance policy that offers extensive coverage to individuals and families. With the introduction of Star Flexi riders, policyholders can now customize their...
ICICI Prudential Life reported a claim settlement ratio of $99.6\%$ in the first quarter.
ICICI Prudential Life Insurance has announced a claim settlement ratio of 99.60% for the first quarter of the financial year 2026-27. According to Amish Banker, Chief Operations Officer, the company handles claims with utmost sensitivity and processes them quickly. In the first quarter, the company settled death claims totaling ₹406.89 crore. The...
Aviva removes last remaining additional charge on Adviser Platform
Aviva has announced the removal of Exchange Traded Instruments (ETI) charges from its Adviser Platform, effective immediately. This move eliminates additional costs for clients invested in individual equities and ETFs, making the platform more transparent and easier to navigate. The change means that advisers can build and refine portfolios for...
Bajaj and ICICI Lombard are considering partnerships as the competition for preferred insurer status gains momentum.
The competition for Tesla's insurance partners in India is heating up, with Bajaj Finserv Ltd. and ICICI Lombard General Insurance Co. joining the fray. Both companies are in early discussions with Tesla to form non-exclusive insurance partnerships, according to sources familiar with the matter. This comes after Tesla launched its first showroom...
The application deadline for 841 AAO and AE positions is today, prospective applicants can review the details.
Today, September 8, is the last day to apply for the posts of Assistant Administrative Officers (AAO) and Assistant Engineer (AE) on the Life Insurance Corporation of India's (LIC) official website, licindia.in. The recruitment drive aims to fill a total of 841 vacancies, including 350 AAO Generalist posts, 81 AE Specialist posts, and 410 AAO...
Life Insurance Corporation (LIC) has relaxed the documentation criteria for the claim settlement of the families of the victims of the Air India plane crash.
The Life Insurance Corporation of India (LIC) has taken steps to expedite the claim settlement process for the families of victims of the recent Air India plane crash in Ahmedabad. On June 12th, an Air India flight, AI 171, crashed, resulting in a significant loss of life. In response to this tragedy, LIC, India's largest life insurer, has...
New business premiums of life insurers experienced a decline in February, with Life Insurance Corporation (LIC) witnessing a significant drop.
The Life Insurance Corporation of India (LIC) recently experienced a significant drop in its profit. This decline was largely attributed to the new surrender value norms introduced by the insurance regulator, which came into effect on October 1, 2024. The new norms were expected to impact the entire insurance industry, but LIC was particularly...
LIC AAO & AE Recruitment 2025: Registration for 841 posts ends on September 8, here’s how to apply
The Life Insurance Corporation of India (LIC) will be closing the registration process for the LIC AAO and AE Recruitment 2025 on September 8, 2025. This recruitment drive aims to fill 841 vacancies, including 81 Assistant Engineers, 410 Assistant Administrative Officer (AAO) Specialist, and 350 Assistant Administrative Officer (AAO-Generalist)...
A former engineer of the Life Insurance Corporation (LIC) has been sentenced to 4 years in prison by a Central Bureau of Investigation (CBI) court in a bribery case.
A former Assistant Engineer of the Life Insurance Corporation (LIC) has been sentenced to four years of rigorous imprisonment in a 14-year-old bribery case. Yogesh Arora, the convict, was posted in LIC's Jabalpur office at the time of the offence. In August 2011, the Central Bureau of Investigation (CBI) registered a case against Arora after...
LIC HFL Apprentice Recruitment 2025 has commenced on the official website licindia.in, offering 192 available positions for applicants to apply.
LIC Housing Finance Limited (LIC HFL) has commenced the recruitment process for apprentice roles, with 192 posts available across its offices. Interested candidates can apply on the official website, licindia.in, until September 22, and pay the required fee by September 24. The written test is scheduled for October 1, 2025, and shortlisted...
A labourer from Khammam has been upheld to receive a payout of Rs 2 lakh by the insurance company, after the claim was initially rejected by the Life Insurance Corporation (LIC), and later taken to the Jury panel for review.
The Telangana State Consumer Disputes Redressal Commission has upheld a decision made by the Khammam District Commission, directing the Life Insurance Corporation of India (LIC) to pay Rs 2 lakh to Jillapali Durggaiah, an agricultural laborer. The case revolves around a life insurance policy taken out by Durggaiah's wife, Satyavathi, in 2014....
Hospital body warns of suspension of cashless services to Star Health policyholders
The Association of Healthcare Providers - India (AHPI) has issued a warning to Star Health Insurance, threatening to suspend cashless facilities to policyholders due to the insurer's questionable practices. The association, which represents over 15,000 hospitals and healthcare institutions, has raised several concerns, including the insurer's...
Star Health Unveils Flexible ‘Star Flexi’ Riders For Super Star Plan – BW Healthcare World
Star Health, a prominent health insurance provider, has introduced a new range of flexible riders called "Star Flexi" for its Super Star plan. The Super Star plan is a comprehensive health insurance policy that offers extensive coverage to individuals and families. With the introduction of Star Flexi riders, policyholders can now customize their...
Insurers have eased health insurance regulations for individuals with diabetes, heart conditions, and other chronic illnesses.
The health insurance landscape is undergoing a significant transformation, making it more accessible to individuals with chronic and lifestyle-related diseases. According to a recent note from Policybazaar, insurers have relaxed their underwriting norms, allowing people with conditions such as diabetes, heart disease, and arthritis to obtain...
Star Health has introduced a campaign that emphasizes the significant impact health insurance can have on individuals’ lives.
On June 28, Star Health Insurance launched a thought-provoking campaign in observance of World Insurance Day. The campaign aims to raise awareness about the importance of health insurance by highlighting the stark contrast between a family with health insurance and one without. The campaign film uses a split-screen narrative to portray the two...
Star Health Insurance in India has been fined Rs 5.42 crore.
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a significant cash penalty on Star Health Insurance, a private sector insurer, for a major data breach. The penalty amounts to Rs 3.39 crore, which is approximately Rs 5.42 crore when including additional fines. This action was taken in response to the leakage of...
Why Claim Settlement Ratio Should Be Your First Check Before Buying InsuranceThe claim settlement ratio (CSR) is a crucial metric that indicates the percentage of claims settled by an insurance company out of the total claims received. It serves as a key indicator of an insurer’s reliability and commitment to paying out claims. Before purchasing an insurance policy, it is essential to check the claim settlement ratio of the insurance company.A high claim settlement ratio signifies that the insurance company has a history of settling a large percentage of claims, thereby providing assurance to policyholders that their claims will be settled in case of an unforeseen event. On the other hand, a low claim settlement ratio raises concerns about the insurer’s willingness or ability to pay out claims.Checking the claim settlement ratio before buying insurance helps you make an informed decision. It allows you to assess the insurance company’s track record and gauge the likelihood of your claim being settled. By opting for an insurer with a high claim settlement ratio, you can ensure that you receive the compensation you are entitled to when you need it the most.Therefore, the claim settlement ratio should be your first check before buying insurance, as it reflects the insurer’s credibility and commitment to its policyholders. It is a vital factor that can significantly impact your decision-making process when selecting an insurance provider.
Navigating the world of insurance can be overwhelming, with numerous insurers in the market. One crucial metric to consider when choosing an insurer is the claim settlement ratio (CSR). The CSR is the percentage of claims an insurer settles in a given year compared to the total number of claims it receives. It serves as a key indicator of an...
Star Health Insurance has achieved a significant milestone, having protected the lives of 30 lakh senior citizens and settled claims worth over Rs. 11,500 crore.
Star Health Insurance has achieved a significant milestone by protecting the lives of 30 lakh senior citizens and settling claims worth over Rs. 11500 crore. This accomplishment showcases the company's commitment to providing comprehensive health insurance coverage to its policyholders, particularly senior citizens who are often more vulnerable...
Aviva has introduced a new guaranteed fixed term annuity, designed to address the changing requirements of individuals in retirement.
Aviva has introduced a new retirement income product, the Guaranteed Fixed Term Income Plan, which provides a guaranteed income over a fixed term of 3 to 25 years. This product offers clients greater control over their pension savings and allows them to reassess their retirement strategy at the end of the term without requiring a lifetime...
Aviva removes last remaining additional charge on Adviser Platform
Aviva has announced the removal of Exchange Traded Instruments (ETI) charges from its Adviser Platform, effective immediately. This move eliminates additional costs for clients invested in individual equities and ETFs, making the platform more transparent and easier to navigate. The change means that advisers can build and refine portfolios for...
Aviva has introduced a new pension product called Aviva Guided Retirement, which operates on a ‘flex first, fix later’ basis.
Aviva has launched a new retirement income solution called Aviva Guided Retirement, which is designed to provide workplace pension customers with a sustainable income for life. This "flex first, fix later" approach combines pension drawdown strategies with a later-life annuity, allowing customers to prioritize flexibility in the early years of...
Aviva and Sonr have formed a partnership to accelerate innovation in the insurance industry.
The Aviva Sonr Partnership is a collaborative effort between Aviva, a leading insurance company, and Sonr, an insurtech startup. The partnership aims to accelerate innovation in the insurance industry by creating cutting-edge tools and digital experiences that enhance customer engagement and operational efficiency. Sonr will provide Aviva with...
Aviva is partnering with Sønr to enhance innovation in the insurance sector.
Aviva, a leading insurance company, has partnered with Sønr, a market intelligence platform, to drive innovation and maintain its position in the evolving InsurTech ecosystem. This collaboration will enable Aviva to stay ahead of industry disruption and deliver the best possible outcomes for its customers. Sønr will provide Aviva with real-time...
One in six garage owners face difficulties parking their vehicles due to the size of their cars.
A recent study by Aviva found that 28% of UK garage owners hardly ever use their garage to park their car, with 21% citing difficulty in parking and 16% believing their car is too big. This is likely due to the fact that cars have grown by 22% in size over the last 20 years, making it more challenging to park in garages. As a result, many drivers...
Hagerty and Aviva have introduced new insurance policies tailored for younger drivers of classic cars.
Hagerty, a well-known insurance provider, has introduced new policies for classic car owners. Effective immediately, drivers who meet specific criteria can insure a classic vehicle made before 2010. To be eligible, drivers must be at least 21 years old, have held a full license for a minimum of three years, and own another everyday vehicle. This...
Hospital body warns of suspension of cashless services to Star Health policyholders
The Association of Healthcare Providers - India (AHPI) has issued a warning to Star Health Insurance, threatening to suspend cashless facilities to policyholders due to the insurer's questionable practices. The association, which represents over 15,000 hospitals and healthcare institutions, has raised several concerns, including the insurer's...
Bajaj and ICICI Lombard are considering partnerships as the competition for preferred insurer status gains momentum.
The competition for Tesla's insurance partners in India is heating up, with Bajaj Finserv Ltd. and ICICI Lombard General Insurance Co. joining the fray. Both companies are in early discussions with Tesla to form non-exclusive insurance partnerships, according to sources familiar with the matter. This comes after Tesla launched its first showroom...
Niva Bupa has suspended its cashless facility at Max Hospitals, leaving thousands of policyholders without access to cashless treatment.
Niva Bupa Health Insurance has suspended its cashless treatment facility at Max Hospitals across India, affecting thousands of patients. The decision was made after the company's agreement with Max expired in May 2025, and talks over premium revisions failed to reach an agreement. As a result, policyholders will no longer be able to avail...
Over 15,000 hospitals have withdrawn cashless treatment for Bajaj Allianz policyholders due to a dispute over fees.
Hospitals affiliated with the Association of Healthcare Providers—India (AHPI) in northern India have announced that they will no longer offer cashless treatment to policyholders of Bajaj Allianz General Insurance from September 1. The decision affects major hospital chains like Max Healthcare and Medanta, which are part of the AHPI network. The...
Tapan Singhel states that affordability is the key factor that will fuel growth over time.
The recent reduction of GST on health insurance policies to zero is expected to have a significant impact on the industry. According to Tapan Singhel, managing director and CEO of Bajaj Allianz General Insurance, the entire benefit of GST rationalization will be passed on to policyholders. This means that customers can expect an immediate...
As health insurers and hospitals engage in disputes, policyholders seek protection.
The healthcare industry in India is experiencing a tumultuous period, with hospitals and insurers at odds over treatment tariffs and empanelment terms. Recently, the Association of Healthcare Providers of India (AHPI) advised its member hospitals to suspend cashless insurance services provided by Bajaj Allianz General Insurance, citing...
Bajaj Group has received approval from the Competition Commission of India (CCI) to acquire Allianz’s 26% stake in their insurance joint ventures for Rs 24,180 crore.
The Bajaj Group has received approval from the Competition Commission of India (CCI) to acquire Allianz's 26% stake in their insurance joint ventures. The acquisition is valued at Rs 24,180 crore. This move is expected to give Bajaj Group full control over the insurance businesses, which include Bajaj Allianz General Insurance and Bajaj Allianz...
The insurance industry is seeking government support to extend Input Tax Credit (ITC) benefits to include distribution costs and renewals, according to the CEO of Aditya Birla Sun Life Insurance.
The life insurance industry in India is set to approach the government with new demands after the GST Council recently exempted individual life and health insurance policies from tax. The industry's primary request is to extend input tax credit (ITC) benefits to distribution costs and renewal premiums of past policies, even under the new zero-GST...
Farhan Akhtar leads Aditya Birla Sun Life Insurance’s new #YeAkelaHiKaafiHai campaign for Super Term Plan
Aditya Birla Sun Life Insurance Company Limited (ABSLI) has launched a new campaign, #YeAkelaHiKaafiHai, to promote its Super Term Plan. The campaign features acclaimed actor, director, and musician Farhan Akhtar, who showcases the plan's unique benefits in a series of digital films. The Super Term Plan is a comprehensive insurance solution that...
As health insurers and hospitals engage in disputes, policyholders seek protection.
The healthcare industry in India is experiencing a tumultuous period, with hospitals and insurers at odds over treatment tariffs and empanelment terms. Recently, the Association of Healthcare Providers of India (AHPI) advised its member hospitals to suspend cashless insurance services provided by Bajaj Allianz General Insurance, citing...
Aditya Birla Sun Life Insurance has launched the #YeAkelaHiKaafiHai campaign, which features Farhan Akhtar.
Aditya Birla Sun Life Insurance has launched a new product campaign titled #YeAkelaHiKaafiHai, which showcases its all-new Super Term Plan. The campaign features Farhan Akhtar, an actor, director, and musician, who embodies the essence of a multi-faceted personality. The Super Term Plan is a comprehensive protection plan that offers life cover,...
Aditya Birla Capital reported revenue of ₹10,949 crore in Q3 FY25.
Aditya Birla Capital Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company's consolidated revenue grew by 10% year-on-year to ₹10,949 crore in Q3 FY25, while the consolidated profit after tax was ₹708 crore, compared to ₹736 crore in Q3 FY24. The overall lending portfolio,...
1.6 lakh+ Get Health Interventions from Aditya Birla Health Insurance
On the occasion of World Health Day, Aditya Birla Health Insurance Co. Ltd. (ABHICL) announced that over 1 lakh policyholders have benefited from their HealthReturns model, which encourages healthier lifestyle choices and good heart health. The model focuses on regular physical activity, with access to expert health guidance, and has delivered...
Aditya Birla Sun Life Insurance has launched a campaign called #YeAkelaHiKaafiHai, which features Farhan Akhtar.
Aditya Birla Sun Life Insurance has launched a new campaign called #YeAkelaHiKaafiHai, which highlights the benefits of their Super Term Plan. The campaign features Farhan Akhtar, a well-known actor, director, and musician, who embodies the essence of a multi-faceted personality. The Super Term Plan is a comprehensive protection plan that offers...
Somesh Surana has been promoted to the position of Joint President of Digital Business and Marketing at HDFC ERGO.
HDFC ERGO General Insurance has announced the promotion of Somesh Surana to the role of Joint President – Digital Business Group & Marketing. Surana, who has been with the company for thirteen years, expressed his enthusiasm for the new role and expanded responsibilities through a post on LinkedIn. Throughout his tenure at HDFC ERGO, Surana has...
HDFC ERGO has partnered with Park+ to provide a seamless digital car insurance experience to over 2 crore Park+ users.
HDFC ERGO General Insurance, a leading private general insurance company in India, has partnered with Park+, a popular auto-tech super app, to offer a fully digital motor insurance experience. This collaboration aims to revolutionize the motor insurance industry by providing convenience, reliability, and a streamlined digital process. With over 2...
HDFC ERGO and Park+ have launched a digital car insurance product for users.
HDFC ERGO General Insurance has partnered with Park+, an auto-tech platform, to provide a seamless and fully digital motor insurance experience. This collaboration aims to simplify the insurance journey, making it more convenient, reliable, and digital-first. With this partnership, over 20 million Park+ users will have access to car insurance...
HDFC ERGO has partnered with Park+ to provide a seamless digital car insurance experience to over 2 crore Park+ users.
HDFC ERGO General Insurance, a leading private general insurance company in India, has partnered with Park+, a popular auto-tech super app, to offer a fully digital motor insurance experience. This collaboration aims to revolutionize the motor insurance industry by providing convenience, reliability, and a seamless digital process. With this...
CamCom Technologies, an Indian company, has announced a strategic partnership with ERGO Group AG, marking a significant milestone in the global deployment of artificial intelligence in the insurance sector.
CamCom Technologies, an award-winning computer vision platform, has partnered with ERGO Group AG, one of the largest insurance groups in Germany and Europe. This partnership marks a significant milestone in CamCom's global journey, affirming its position as a world-class platform delivering enterprise-ready AI solutions for critical sectors. The...
HDFC ERGO’s TechPreneur Season 2 Grand Finale Features Groundbreaking ‘Deep Connect’ Innovations, Shaping the Future of Insurance Today
HDFC ERGO General Insurance Company, a leading private sector general insurer in India, has announced the winners of Techpreneur Season-2, a program designed to encourage tech-innovation in the insurance sector. The program, backed by BCG and Google, invited startups to present scalable solutions using new-age technologies such as AI, machine...
61% of Gen Z and millennials prefer health insurance, yet 44% remain unaware of its importance, according to HDFC ERGO.
A recent survey conducted by HDFC ERGO General Insurance and NielsenIQ (NIQ) has shed light on the attitudes and preferences of India's Gen Z and Millennials towards health insurance. The survey, which covered 2,200 respondents across 17 Tier 1 and Tier 2 cities, found that 61% of young people prefer to invest in health insurance, with 37% citing...
Bajaj and ICICI Lombard are considering partnerships as the competition for preferred insurer status gains momentum.
The competition for Tesla's insurance partners in India is heating up, with Bajaj Finserv Ltd. and ICICI Lombard General Insurance Co. joining the fray. Both companies are in early discussions with Tesla to form non-exclusive insurance partnerships, according to sources familiar with the matter. This comes after Tesla launched its first showroom...
ICICI Lombard’s evaluation shift highlights mixed technical indicators and strong fundamentals.
ICICI Lombard General Insurance Company has undergone a recent evaluation adjustment, reflecting a complex technical outlook. The company's technical indicators present a mixed picture, with some suggesting bearish trends and others indicating bullish momentum. The MACD shows mildly bearish trends on both weekly and monthly bases, while the...
ICICI Lombard has secured the branding rights for the Siddhivinayak metro station.
ICICI Lombard, a private general insurance company, has acquired the branding rights for the Siddhivinayak Metro Station on Mumbai Metro Line 3 (Aqua line). The station, located in the heart of Mumbai, will be known as the ICICI Lombard Siddhivinayak Metro Station. This association is a strategic move by the company to become an integral part of...
ICICI Lombard and Mahindra Finance have entered into a partnership for the distribution of motor insurance products.
ICICI Lombard General Insurance, a leading private general insurer in India, has partnered with Mahindra & Mahindra Financial Services Limited, a prominent non-banking finance company, to offer motor insurance products to Mahindra Finance's customers. This collaboration aims to provide accessible and tailored insurance solutions by combining...
ICICI Lombard has launched the #SalaamMSME campaign in recognition of MSME Day.
On International MSME Day, ICICI Lombard, a leading private non-life insurer in India, launched a digital campaign called #SalaamMSME to honor the country's Micro, Small & Medium Enterprises (MSMEs). The campaign highlights the importance of protecting these businesses, which contribute nearly 30% to India's GDP and generate over 25 crore jobs....
ICICI Lombard has partnered with Mahindra Finance to broaden its motor insurance distribution network.
ICICI Lombard General Insurance and Mahindra & Mahindra Financial Services Ltd have announced a strategic partnership to distribute motor insurance products across India. The collaboration aims to expand insurance penetration in rural and semi-urban areas by leveraging Mahindra Finance's extensive network. With over 1,352 offices covering 516,000...
ICICI Lombard has appointed Parag Lokhande as the Head of Data Science, Artificial Intelligence, and Startup Initiatives.
ICICI Lombard has announced the appointment of Parag Lokhande as the Head of Data Science, AI, and Startup Initiatives. This strategic move indicates the company's focus on leveraging artificial intelligence (AI) to drive innovation and growth. Lokhande will be responsible for developing and implementing advanced machine learning solutions that...