PNB MetLife survey identifies Indian fathers’ financial saving habits into three distinct personas.
A recent survey conducted by PNB MetLife, a leading life insurer in India, has revealed that nearly two-thirds of Indian fathers consider themselves as "Hero Dads", who prioritize their family's financial security. The survey, which engaged over 6,000 fathers across the country, classified them into three distinct personas: "Hero Dads" (62%), "Thoughtful Dads" (29%), and "Disciplined Dads" (9%). The "Hero Dads" are guardians of their family's financial security, while "Thoughtful Dads" are...
GST Cut Brings Major Relief to Health Insurance Premium
The Indian government has announced that it will remove the 18% Goods and Services Tax (GST) on health insurance premiums starting September 22, 2025. This move is expected to provide significant cost relief to families across India, reducing the average premium burden by 18%. According to Dr. Selina Rajathi, Head of A&H Claims at Royal Sundaram, this GST exemption is a pivotal moment for health insurance in India, and families, particularly middle-income groups, will feel the immediate...
FWD Insurance has enhanced its FWD MyWell program by adding more health benefits to provide comprehensive care.
FWD Insurance has enhanced its "FWD MyWell" program, a comprehensive health and wellness solution that provides customers with a range of preventive care benefits. The program is designed to meet the diverse needs of customers, with a focus on delivering the best in health and wellness. The enhanced benefits include expanding membership tiers from four to six, reducing the minimum premium requirement to join the program, and introducing a wider variety of modern services such as alternative...
Kotak Gen2Gen Income Wins Product of the Year 2025 Award
Kotak Mahindra Life Insurance Company Ltd has been awarded the prestigious 'Product of the Year 2025' award in the 'Life Insurance - Savings Plan' category for its innovative product, Kotak Gen2Gen Income. This recognition is based on a nationwide survey conducted by NielsenIQ, involving 1,800 consumers across India. The award is a testament to the company's commitment to consumer-centric innovation and its effort to reflect the evolving financial priorities of Indian families. The Kotak...
Aviva India has appointed Suresh Mahalingam as its Chairperson, according to a report by BW Marketing World.
Aviva India, a leading insurance company, has announced the appointment of Suresh Mahalingam as its new Chairperson. This move is expected to bring in fresh leadership and expertise to the company, which has been operating in the Indian market for over two decades. Suresh Mahalingam is a seasoned professional with extensive experience in the financial services sector. He has held various leadership positions in renowned companies, including Tata AIG and Allied Motors. His expertise in...
Research And Views Archives | Equitymaster
The article provides an overview of the best mutual funds for Systematic Investment Plan (SIP) investments. The research highlights the potential of large cap, small cap, and mid cap funds to offer stability and deliver good returns over the long term. For large cap funds, the article suggests that they have the potential to offer stability to a portfolio during uncertain times. It identifies three large cap funds as the best options for SIP investments, although the specific funds are not...
The Orissa High Court has ordered the Life Insurance Corporation (LIC) to honour the allotments of flats in a housing scheme located in Bhubaneswar.
Between 2015 and 2018, four petitions were filed by individuals who claimed to have been selected through a lottery in 2014 to purchase land from the Life Insurance Corporation (LIC). Each petitioner had paid Rs 1,00,000 and was awaiting formal lease registration. However, the process was delayed due to complications under the Forest Conservation Act, 1980, as the land was part of a reserved forest. The LIC was unable to obtain the updated record of rights (RoR), which is necessary for...
Motilal Oswal recommends a Buy for Tech Mahindra, anticipating over 20% upside, while YES Securities maintains an Add call for ICICI Lombard.
Brokerage firms have expressed selective optimism about mid-tier IT and insurance companies following their recent quarterly results. Motilal Oswal has recommended buying Tech Mahindra, citing expected margin growth and stable growth prospects. Choice Broking has suggested adding L&T Technology Services to portfolios, highlighting the company's strong deal wins despite near-term execution challenges. YES Securities remains positive on ICICI Lombard, despite industry margin challenges. These...
‘NoRKA Care’ insurance exclusively for non-resident Keralites – Kerala Kaumudi
The Kerala government has introduced a new health insurance scheme called 'NoRKA Care' specifically designed for non-resident Keralites (NRKs). The scheme aims to provide exclusive health insurance coverage to NRKs, addressing their unique needs and concerns. NoRKA Care is an initiative of the Non-Resident Keralites Affairs (NoRKA) department, in collaboration with the Kerala State Insurance Department. The NoRKA Care insurance scheme offers a comprehensive range of benefits, including...
Star Health aims for Rs 20,000-crore premium in current fiscal, according to Anand Roy
Star Health & Allied Insurance, India's largest standalone health insurer, is expanding its presence in the insurance market. The company aims to reach a gross written premium (GWP) of Rs 30,000 crore by FY28, with a target of Rs 20,000 crore for FY26. To achieve this goal, Star Health is focusing on deepening its presence in Tier II and III cities, expanding its agency force, and distribution network. Despite the muted growth in health insurance premiums, the company believes that health...
Kotak Life marks 25 years of empowering dreams with a heartwarming brand film
Kotak Mahindra Life Insurance Company Ltd. (Kotak Life) is celebrating its 25th anniversary of providing financial security to Indian families. Since its inception in 2001, the company has grown to become one of India's leading life insurers, covering over 30 million active lives and managing assets worth over ₹95,000 crore. Kotak Life has maintained a claim settlement ratio of 98.6%, demonstrating its commitment to its customers. To commemorate this milestone, Kotak Life has released a brand...
Hindi Fortnight celebrations were held at LIC Kadapa.
The Hindi Fortnight Celebrations for 2025 have officially commenced at the LIC Kadapa Divisional Office. The inaugural ceremony, held on Monday, was led by Senior Divisional Manager GKRV Ravikumar. In his address, Ravikumar emphasized the significance of Hindi as a unifying force among Indians, highlighting its 76-year tenure as the official language. He also underscored LIC's commitment to utilizing Hindi extensively in both office administration and communication, aiming for 100% usage. The...
HDFC ERGO has partnered with PhonePe to introduce an affordable health insurance solution, targeting India’s ‘missing middle’ demographic.
HDFC ERGO General Insurance Company has partnered with PhonePe to launch an affordable health insurance solution for the "Missing Middle" in India, which refers to the 30% of Indians who are neither covered under government-sponsored health schemes nor can afford comprehensive health insurance. This demographic, comprising approximately 40 crore citizens, is largely comprised of lower and middle-income groups, including gig economy workers, who are exposed to costly out-of-pocket healthcare...
Lakhs of patients are likely to be affected as two major health insurers will stop providing cashless treatment from September 1.
The Association of Healthcare Providers India (AHPI) has announced that its member hospitals will be pulling out of cashless services for certain insurance providers due to rising medical inflation and unsustainable treatment tariffs. The AHPI cites an annual medical inflation rate of 7-8%, which has led to increased costs for staff salaries, medicines, consumables, utilities, and operational overheads. According to Dr. Girdhar Gyani, Director General of AHPI, continuing to operate at outdated...
The Insurance Ombudsman has released a report revealing the top insurers with the maximum number of grievances. The report provides insight into the performance of insurance companies in terms of customer satisfaction and complaint resolution.Some key points from the report include: 1. The names of the top insurers with the maximum grievances have been disclosed, allowing consumers to make informed decisions when choosing an insurance provider. 2. The report highlights the types of grievances received by the ombudsman, including claims-related issues, policy servicing, and premium disputes. 3. The data provides a comparison of the grievance rates among different insurance companies, enabling customers to assess the quality of service offered by each insurer. 4. The Insurance Ombudsman’s report also outlines the steps taken to address and resolve the grievances, ensuring that customers’ concerns are heard and addressed. 5. The release of this information aims to promote transparency and accountability within the insurance industry, ultimately benefiting consumers by encouraging insurers to improve their services and reduce grievances.
The Insurance Ombudsman's Annual Report for 2023-24 has revealed a significant increase in complaints against health insurance companies in India. The report shows that the total number of complaints against health insurers rose by 21.7% to 31,490 in FY 2023-24, compared to 25,873 in FY 2022-23. Private insurers accounted for the majority of complaints, with 26,064 grievances, while public sector insurers accounted for 5,298. Star Health & Allied Insurance led the list of companies with the...
Star health show reveals Han Da-geum’s high cancer risk – 조선일보
According to a recent episode of the Star Health Show, Han Da-geum, a Korean celebrity, has been found to have a high risk of developing cancer. The show, which focuses on the health and wellbeing of Korean celebrities, revealed the results of Han's health checkup, which showed that he has a high risk of developing the disease. Han Da-geum, who is known for his work as a singer and actor, underwent a series of health tests as part of the show, including a genetic test to determine his risk of...
Tata AIA has introduced two new funds that track the BSE India Sector Leaders Customised Index.
Tata AIA Life Insurance has introduced two new funds, the Tata AIA Sector Leaders Index Fund and the Tata AIA Sector Leaders Index Pension Fund, which will invest in India's largest companies across various sectors. These funds are based on the BSE India Sector Leaders Customised Index and will be available at an initial price of ₹10 per unit during the New Fund Offer (NFO) period, which ends on September 22. The key features of these funds include a benchmark of the BSE India Sector Leaders...
LIC India, Bouygues, and IMSS data are being sold, while a Paris phishing toolkit has been unveiled by SOCRadar Cyber Intelligence Inc.
A recent report by SOCRadar Cyber Intelligence Inc. has uncovered a significant data breach affecting several prominent organizations, including LIC India, Bouygues, and IMSS. The report reveals that sensitive data from these companies has been put up for sale on the dark web, highlighting the growing concern of cyber threats and data protection. LIC India, one of the largest insurance companies in India, has had its data compromised, potentially exposing the personal and financial information...
HDFC Life and Avanse Financial Services have partnered to provide financial security to their customers.
HDFC Life, a leading life insurer in India, has announced a strategic partnership with Avanse Financial Services, a non-banking financial company (NBFC) that focuses on education financing. The partnership aims to provide group credit life insurance solutions to Avanse's educational institution loan customers, enabling them to secure their loans and protect themselves from unforeseen financial risks. Avanse Financial Services provides financing solutions to educational institutions in India,...
Big update for customers of THIS health insurance company, Apollo Munich Health Insurance (AHPI) is likely to withdraw cashless services from its network of member hospitals, according to reports from the hospitals.
The Association of Healthcare Providers of India (AHPI) has announced that it may withdraw cashless services for Star Health Insurance policyholders from September 22. This decision comes after persistent complaints against the company, with over 13,000 complaints received, including more than 10,000 related to claim rejections. AHPI alleges that Star Health has refused to revise old tariff rates in line with rising costs, instead pressuring hospitals to reduce charges. As a result, thousands...
Tata AIA Life’s OOH campaign highlights the importance of balancing enjoyment in the present while securing the future through effective planning.
In Mumbai, a 30-year-old IT professional named Rohan is introduced to the concept of life insurance through a clever advertisement by Tata AIA Life Insurance. The ad, which reads "Classic Coffee to wake you up... Life Insurance so that you sleep peacefully," catches his attention and prompts him to learn more about life insurance. Rohan discovers that life insurance is not just for people with dependents or major financial obligations, but a smart financial move for anyone who wants to plan...
Edelweiss to boost fleet with five new Airbus A320neos.
Edelweiss, a Swiss leisure airline and member of the Lufthansa Group, is set to expand its short-haul fleet with the addition of five Airbus A320neo aircraft in 2027 and 2028. These aircraft, currently operated by Austrian Airlines, will replace Edelweiss' oldest Airbus A320s and support fleet expansion. The three oldest aircraft, which have been in service for 26 years, will be replaced by the more advanced A320neo models, while the remaining two will increase Edelweiss' short-haul fleet to a...
Tata AIA Life has launched ‘Shubh Muhurat’, a service designed to help with wedding financial planning.
Tata AIA Life Insurance has introduced a new life insurance plan called 'Shubh Muhurat', designed to help families in India prepare financially for weddings. The plan combines savings, wealth creation, and financial security to address the rising costs of weddings in the country. According to a report by Jefferies, India's wedding industry is the second largest globally, with over 80 lakh weddings taking place in 2024 and expenditures exceeding ₹10.7 lakh crore. The average wedding cost is...
North India’s Gen Z leads the way in term insurance adoption, with 25% of this demographic owning policies, according to a report by Tata AIA Life.
A recent study conducted by Tata AIA Life Insurance and NielsenIQ found that Generation Z in North India, aged 21-29, are setting new standards in financial protection. The study, titled "New Age Habits, Traditional Values: Gen Z's Approach to Financial Planning," discovered that 25% of Gen Z respondents in the region already own term insurance policies, which is one of the highest adoption rates nationwide. This demonstrates a high level of financial awareness and proactivity among young...
No other financial tool available in the market can protect customers better than insurance.
The Insurance Institute of India recently held its 70th annual conference and 137th Meeting of the Council in Madurai, where industry leaders discussed the current state of insurance penetration in India. Girija Subramanian, Chairperson and Managing Director of New India Assurance, noted that insurance penetration in India is low, with non-life insurance stuck at 1%. She attributed this to the industry's failure to keep pace with GDP growth, customer expectations, and the needs of millennials,...
The Indian government and Life Insurance Corporation (LIC) are expected to invite financial bids by September to sell their 60.72% stake in IDBI Bank, paving the way for the bank’s potential privatization.
The Indian government and Life Insurance Corporation (LIC) are set to invite financial bids for the sale of a 60.72% stake in IDBI Bank by September. This move is part of the bank's privatization process, which has been in the works for some time. The sale of the majority stake is expected to be completed by the end of the current fiscal year. IDBI Bank is one of the largest public sector banks in India, with a history dating back to 1964. The bank was formed with the objective of providing...
Edelweiss’ Radhika Gupta claims that the concept of a middle class in India is often misunderstood, stating that ‘none of us are middle class’. She argues that the idea of a ₹70 lakh salary being a benchmark for the middle class is a myth, highlighting the need for a more realistic understanding of income levels in the country.
The notion of what constitutes the "middle class" in India has sparked a heated debate, with many questioning whether an annual income of ₹70 lakh still falls within this category. According to the CEO of Edelweiss Mutual Fund, the answer is a resounding no, claiming that ₹70 lakh is, in fact, an upper-class income. She argues that the technical definition of middle class cannot be applied to such a high income, and that many Indians who earn in the top percentiles still identify as middle...
Tata AIA has launched the Shubh Flexi Income Plan, which offers multiple payout options.
Tata AIA Life Insurance has launched the Shubh Flexi Income Plan, a non-linked, participating life insurance savings plan that offers flexible payout options, combining wealth creation with financial protection. The plan is designed to cater to individuals at different life stages, including young professionals, families, and retirement planners. Policyholders can choose from three payout options based on their financial goals: the Endowment option, which provides a lump sum at maturity; the...
United India Insurance has returned to profitability, posting a net profit of ₹154 crore in the fiscal year 2025.
The United India Insurance Company (UIICL) has reported a significant turnaround in its financial performance, achieving a net profit of ₹154 crore for the 2024-25 fiscal year. This marks a substantial improvement from the previous year's loss of ₹804 crore. The company's gross direct premium income stood at ₹20,072 crore, with a combined ratio of 121.67%, representing a 4% improvement. Additionally, UIICL's customer base has exceeded the 2 crore mark, solidifying its position as the country's...
Best Small Business Health Insurance Providers Of 2025 – Forbes Advisor
The Small Business Health Options Program (SHOP) allows small business owners to purchase health insurance for their employees through approved insurance companies. Employers can choose from various types of health insurance plans, including EPO, HMO, POS, and PPO. Each plan has its own set of benefits and limitations, such as the need for primary care referrals to see specialists and coverage for out-of-network care. EPO plans are often affordable but may not cover out-of-network care, while...
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 refusal to revise tariffs despite high healthcare cost inflation, arbitrary withdrawal of cashless services, and unjustified deductions from hospital...
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 look period, during which they can cancel their policies without penalty. This could lead to a significant number of cancellations, which would...
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 commitment. The plan is designed to meet the needs of today's retirees who value stability and flexibility, and is part of Aviva's existing annuity...
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 insurance coverage to suit their specific needs and requirements. The Star Flexi riders are designed to provide flexibility and choice to...
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 use of data analytics, AI, and ML-based technologies has enabled the company to efficiently process claims. The company's 'Claim for Sure' service...
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 their clients without having to factor in multiple charges, resulting in consistent and predictable pricing. The removal of ETI charges is the latest...
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 in India, which has seen significant demand. Although Tesla has already chosen Acko and Liberty General Insurance as its preferred insurers in India,...
WA health insurance premiums skyrocket due to federal fallout and increasing costs.
According to a recent report by the Tri-City Herald, health insurance premiums in Washington state are experiencing a significant increase due to federal fallout and rising costs. The main drivers of this surge are the inflated healthcare costs, pharmaceutical prices, and the impact of federal policies on the state's insurance market. One major factor contributing to the premium hike is the rising cost of healthcare services. Hospitals, doctors, and other medical providers are increasing their...
Campaign roundup: Week of 8 September | Advertising
Several companies in India have launched innovative marketing campaigns to engage with their target audiences. JBCN Group of Schools used YouTube bumper ads to showcase their culture of excellence, achieving over 690,000 impressions in 30 days. The ads featured a 10-second film of a Guinness World Record holder solving a Rubik's Cube, highlighting the school's progressive positioning. Tata AIA Life Insurance introduced its Health Buddy program with a creative metro campaign in Mumbai. The...
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 regime. According to Kamlesh Rao, MD & CEO of Aditya Birla Sun Life Insurance, distribution costs are similar to reinsurance costs, which have...
Oregon has increased the rates it pays to private contractors that manage the Oregon Health Plan, the state’s Medicaid program, in order to retain them.
The Kotek administration in Oregon has increased its offers to the organizations that oversee care for over 1 million low-income people enrolled in the Oregon Health Plan. The new rates, which represent a 10.2% average increase, are intended to satisfy the coordinated care organizations (CCOs) that have been losing significant amounts of money due to inadequate reimbursement rates. However, it is unclear if this will be enough to keep the CCOs from leaving the state's Medicaid-funded managed...
The National Consumer Disputes Redressal Commission (NCDRC) has ordered United India Insurance to pay a compensation of Rs. 2.35 crores for a cancelled cricket match.
The National Consumer Disputes Redressal Commission (NCDRC) has ruled in favor of the Andhra Cricket Association, holding United India Insurance Co. Ltd. liable for a deficiency in service. The insurance company had wrongfully repudiated a claim related to the cancellation of a One Day International cricket match between India and West Indies, scheduled for October 14, 2014, in Vishakhapatnam. The match was cancelled due to cyclone Hudhud, which hit the city on October 12, 2014. The Andhra...
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 retirement and security in the later years. The solution is available to Aviva Master Trust members, who will have access to a guided framework and...
PNB MetLife has launched a Value Fund under the ULIP category, with the new fund offer (NFO) available until July 28.
PNB MetLife India Insurance Company has introduced the PNB MetLife Value Fund, an actively managed equity fund available under its Unit-Linked Insurance Plans (ULIPs). The fund opened for subscription on July 15, 2025, and will remain open until July 28, 2025, with an initial Net Asset Value (NAV) of ₹10. After the subscription window closes, investors can purchase units at market-linked NAVs. The PNB MetLife Value Fund follows a value investing strategy, aiming to help customers build...
Bharti AXA Life announces a record bonus of Rs. 202 crore for its policyholders, showcasing its robust and stable financial performance.
Bharti AXA Life Insurance, a leading private life insurer in India, has announced a bonus of ₹202 crore for the financial year 2024-25. This bonus will benefit approximately 2 lakh policyholders who have invested in the company's participating products. The eligible policyholders are those with traditional participating policies in force as of March 31, 2025. The company offers a range of participating products, including Bharti AXA Life Samriddhi, Bharti AXA Life Monthly Income Plan+, and...
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 Relative Strength Index (RSI) indicates bullish momentum on a weekly scale. The Bollinger Bands and KST metrics also align with a bearish sentiment on both...
NIACL AO admit card 2025 has been released, and the download link is available.
The New India Assurance Company Limited (NIACL) has announced the release of hall tickets for the position of Administrative Officers (Generalists and Specialists) at the Scale-I level. Candidates can access their admit cards by visiting the official website at newindia.co.in. The admit cards are now available for download, and applicants are advised to print a copy for future reference. The Phase-I online examination, which will be conducted in a bilingual format (English and Hindi, except...
Royal Sundaram Marks 25 Years of Trust, Care, and Innovation in Insurance – MSN
Royal Sundaram General Insurance Company Limited, a leading general insurance provider in India, is celebrating its 25th anniversary. Over the past two and a half decades, the company has established itself as a trusted and innovative player in the Indian insurance industry. Royal Sundaram was one of the first private general insurance companies to be licensed in India, marking a significant milestone in the country's insurance sector. Since its inception, the company has been committed to...
Suno sabki, portfolio apni: Radhika Gupta of Edelweiss Mutual Fund advises investors
Radhika Gupta, CEO of Edelweiss Mutual Fund, has been offering advice to investors on social media platform X. She emphasizes the importance of creating a portfolio that is tailored to an individual's own needs and goals, rather than following the advice of others. Gupta uses the phrase "suno sabki, portfolio apni," which translates to "listen to everyone, but create your own portfolio." She notes that it's easy to get influenced by the opinions of others, such as friends, family members, or...
Clarifications about health care plans and information on HR and vendors will be available at the Healthy Boiler Fair.
The 2025 Purdue Healthy Boiler Fair is an event that brings together benefits-eligible members of the Purdue community to explore the connection between overall well-being and the university's benefit offerings. The fair will take place on September 10 from 9 a.m. to 1 p.m. in the Purdue Memorial Union North and South ballrooms. Over 35 vendors and Purdue departments will be in attendance, showcasing their programs, services, and benefits that align with the five pillars of Purdue's Healthy...
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 cashless hospitalization at Max hospitals and will have to pay their bills upfront before filing for reimbursement. According to Dr. Bhabatosh Mishra,...
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 offers life cover, critical illness protection, health services, and income security in one plan. According to Kamlesh Rao, MD & CEO of ABSLI, 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 Mumbai's daily life, reinforcing its commitment to enabling safer and worry-free journeys. The station features India's first 3D anamorphic screen,...
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 hospitals claim that Bajaj Allianz has neglected their repeated requests to update reimbursement rates to keep pace with medical inflation, which is...
Edelweiss Flies to Seattle & I Get Soaked: AirlineReporter
The Edelweiss airline recently celebrated its inaugural flight from Zurich to Seattle, using an Airbus A340. The event was covered by two aviation enthusiasts, David and Francis Zera, who were excited to see the new international carrier start service at their home airport. The A340 is a favorite among aviation enthusiasts, and the team was eager to experience the inaugural flight. As part of the celebration, the team was treated to a water cannon salute, which is a traditional way to welcome...
Employee health insurance premiums are expected to increase by 6% in 2026, according to a recent survey.
A recent survey has found that employee health insurance premiums are expected to rise by 6% in 2026. This increase is a significant concern for both employers and employees, as it may lead to higher costs and reduced benefits. The survey, which was conducted by a reputable organization, gathered data from a large sample of employers and health insurance providers to forecast the upcoming trends in the health insurance market. The expected 6% increase in premiums is higher than the average...
Most Dutch parties propose returning dental care to basic health coverage
The Dutch healthcare system is considering a significant change, with most parties proposing the return of dental care to basic health coverage. Currently, dental care is not included in the basic health insurance package in the Netherlands, and individuals must purchase additional insurance or pay out-of-pocket for dental services. The proposal to include dental care in the basic health coverage is aimed at making healthcare more accessible and affordable for all citizens. Proponents argue...
Fire caused by gas leak from regulator in Bhopal claims lives, victims’ children to receive 10 lakh compensation after decade-long wait.
A significant verdict has been delivered by the District Consumer Disputes Redressal Commission in Bhopal, India, nearly a decade after a tragic gas cylinder accident claimed one life and injured several others. The incident occurred on April 15, 2015, when a gas leak from the regulator caused a fire at a residence in Sanjay Nagar, resulting in the death of 35-year-old Durgesh Gupta and injuring six other family members. Despite repeated requests, the family was not provided with insurance...
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 reduction of 18% in their premium outgo for new purchases made on or after September 22, and for upcoming renewals. The reduction in GST will make health...
Tata AIA has introduced the Subha Maha life savings plan, a policy that prioritizes retirement income.
Tata AIA Life Insurance has introduced a new participating whole life savings plan called Shubh Maha Life. This non-linked insurance product is designed to provide high life cover during an individual's peak earning years, followed by tax-free retirement income. The plan's coverage is flexible and reduces during retirement as financial dependencies decline. It also offers lifetime income through equity participation investments. Shubh Maha Life is available in four packages: Gold, Plus, Gold...
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 Specialist posts. The selection process will consist of a Preliminary exam, which is scheduled to take place on October 3. Admit cards for the exam will...
Not SIPs, here’s what Edelweiss’ Radhika Gupta thinks you should spend money on, ‘I always tell everyone, take time to…’
Radhika Gupta, the Chief of Edelweiss Mutual Fund, has taken to social media to advocate for a balanced approach to spending and saving. While her role involves promoting Systematic Investment Plans (SIPs), she emphasizes the importance of enjoying the fruits of one's hard work. In a post on X (formerly Twitter), she wrote in both Hindi and English, encouraging individuals to find a middle ground between saving and spending on things that bring them joy. Gupta acknowledged that her job is to...
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 disagreements over hospital reimbursement rates. Although the issue has been temporarily resolved, similar disputes continue to arise, leaving policyholders...
UIIC AO Result 2024 for Written Exam Declared: Check Roll Numbers Now at uiic.co.in
The United India Insurance Company Limited (UIIC) has released the results for the Administrative Officer- Scale I (Generalists and Specialists) 2024 written examination. Candidates who took the online exam on December 21, 2024, can now check their results on the official UIIC website at uiic.co.in. To access the results, candidates can follow these steps: 1. Visit the UIIC website at uiic.co.in 2. Click on the recruitment link on the home page 3. Click on the UIIC AO Result 2024 link for the...
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 Life Insurance. The joint ventures were established in 2001, with Bajaj Group holding 74% stake and Allianz holding 26%. Over the years, the insurance...
Royal Sundaram Marks 25 Years of Trust, Care, and Innovation in Insurance
Royal Sundaram General Insurance Co. Limited, India's first private sector general insurer, is celebrating its 25th anniversary. The company has come a long way since its inception in 2000, with a consistent commitment to simplifying insurance and making it more accessible. Over the years, Royal Sundaram has introduced several industry-first initiatives, including bancassurance partnerships and digital-first platforms, to make customer interactions seamless. The company has protected over 2...
New Jersey state worker health benefits are set to undergo a significant change as Governor Murphy plans to repeal a requirement that would cut $100 million from the state worker health benefits program.
On April 21, 2025, union members gathered at the Statehouse annex in Trenton, New Jersey, to demand action from the government. The unions, which represent approximately 75,000 public sector workers in the state, called for legislation to ensure affordable healthcare and improved governance and transparency within the public sector workforce. After two months of intense negotiations, an agreement was reached between Governor Phil Murphy and public labor union leaders. The compromise, announced...
To boost the resale value of a home in 2025, consider the following strategies:
- Renovate and Update: Focus on modernizing the kitchen and bathrooms, as these areas tend to have the greatest impact on potential buyers. Update fixtures, appliances, and countertops to create a fresh and contemporary look.
- Energy Efficiency: Invest in energy-efficient features such as solar panels, double-glazed windows, and insulation to reduce energy consumption and attract eco-conscious buyers.
- Smart Home Technology: Integrate smart home devices, such as thermostats, lights, and security systems, to make the home more convenient and appealing to tech-savvy buyers.
- Outdoor Living Spaces: Create inviting outdoor areas, including patios, decks, and gardens, to expand the living space and enhance the home’s curb appeal.
- Sustainable and Durable Materials: Use sustainable and durable materials, such as reclaimed wood, bamboo, and low-maintenance siding, to reduce waste and appeal to buyers seeking environmentally friendly features.
- Neutral Color Schemes: Apply neutral color schemes and minimal decor to create a blank canvas, allowing potential buyers to envision themselves living in the space.
- Improve Curb Appeal: Enhance the home’s exterior by maintaining a well-manicured lawn, trimming trees and shrubs, and adding decorative elements, such as planters and welcome mats.
- Increase Natural Light: Install larger windows, skylights, or solar tubes to maximize natural light and create a brighter, more welcoming atmosphere.
- Storage and Organization: Incorporate ample storage and organization systems, such as custom closets and built-in shelving, to help buyers envision a clutter-free and functional living space.
- Professional Staging: Hire a professional home stager to showcase the home’s best features, highlight its potential, and create an emotional connection with potential buyers.
Boosting the resale value of a home is crucial for homeowners who plan to sell their property in the future. Making smart decisions and investments in the home's appearance and structure can pay off in the long run. A well-maintained and appealing home can attract potential buyers and increase its resale value. Here are some ways to increase the resale value of a home: Firstly, enhancing curb appeal is essential. This can be achieved by landscaping, exterior maintenance, and entryway upgrades....
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 relaxed its documentation requirements to facilitate a smoother and more efficient claims process. According to a statement released by LIC, the company...
New India Assurance Held Liable by Delhi State Commission for Deficiency in Service
The Delhi State Commission, led by Justice Sangita Dhingra Sehgal, has ruled that an insurer cannot reject a claim solely based on late intimation by the insured, as this constitutes a deficiency in service. The case, Mr. Jasrath Vs. New India Assurance Co. Ltd., involved a poor villager who purchased a tractor for agricultural work, financed by the State Bank of India and insured by New India Assurance Co. Ltd. The tractor was stolen, and an FIR was lodged, but the insurer rejected the claim...
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 affected. However, according to Siddhartha Mohanty, Managing Director and CEO of LIC, the decline in profit was not solely due to the new surrender...
State-owned Insurers Achieve Profit of Rs 1,066 Cr in Q3
India's public sector general insurance companies (PSGICs) have achieved a significant financial turnaround in the third quarter of 2024-25, posting a combined profit of Rs 1,066 crore. This turnaround is attributed to various reforms implemented by the finance ministry, including regular monitoring based on key performance indicators. The government had infused a total capital of Rs 17,450 crore in these companies between 2019-20 and 2021-22 to enable them to undertake structural reforms and...
Introducing Tata AIA HealthBuddy: Your Personal Virtual Health and Wellness Companion
Tata AIA Life Insurance has introduced "Tata AIA Health Buddy", a 24×7 health and wellness companion that combines health, wellness, and life insurance. This pioneering solution aims to provide continuous health support to individuals and their families, making it more accessible and reassuring. The Health Buddy mascot embodies trust, care, and approachability, simplifying the concept of continuous health support. Tata AIA Health Buddy represents a comprehensive approach to overall health and...
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) posts. Interested candidates can apply through the official website of LIC India at licindia.in. To apply, candidates need to follow a series of steps....
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 Mahindra Finance's extensive rural and semi-urban reach with ICICI Lombard's expertise in motor insurance. Through this partnership, Mahindra Finance...
GST Dose for Healthcare Sector
The Central Board of Indirect Taxes & Customs (CBIC) has announced the Next-Gen GST Reform, which is expected to bring happiness to farmers, enterprises, households, and businesses. The reform aims to provide ease of living and build a self-reliant India. The changes in GST rates, as recommended by the GST Council, will become effective from September 22, 2025. The healthcare sector has been a major focus of the GST Council, with reductions in GST rates for various medical products and...
HDFC Life presents ‘Seva Ratna’ awards to honour outstanding teachers; notable educators from diverse fields are recognized and awarded in Chennai.
HDFC Life, a leading life insurance company, hosted a 'Seva Ratna' awards event in Chennai on September 5th, 2025, to commemorate Teachers' Day. The event aimed to recognize and honor eminent teachers from various disciplines who have made significant contributions to their fields. The 'Seva Ratna' award is a symbol of respect, gratitude, and acknowledgment of the selfless service rendered by teachers to society. The award recipients included experienced professionals from diverse fields such...
Employers and workers are experiencing a rise in health care costs.
Employers and workers are facing increasing healthcare costs, according to a recent report. The rising costs of healthcare are affecting both employers and employees, with many struggling to keep up with the expenses. This trend is expected to continue, with healthcare costs projected to increase by 5-7% annually over the next few years. One of the main factors driving up healthcare costs is the increasing cost of medical services and prescription drugs. Hospitals and healthcare providers are...
New India Assurance and Tata AIG are likely to handle the insurance claims for the Air India crash.
A recent plane crash involving an Air India Boeing 787-8 Dreamliner has raised questions about the insurance coverage of the aircraft and its passengers. According to reports, Air India has secured a total insurance cover of $20 billion for its fleet, which includes over 300 aircraft. The annual premium for this insurance is around $30 million, despite the insured amount doubling from $10 billion to $20 billion compared to the previous year. New India Assurance and Tata AIG are expected to be...
Yes, it is possible to obtain health insurance coverage for treatment at home, depending on the type of policy and the specific circumstances. Many health insurance plans now offer coverage for home healthcare services, which can include doctor visits, nursing care, and other medical treatments that would typically be provided in a hospital or clinical setting.Some health insurance policies may cover home healthcare services such as: 1. Doctor visits and consultations at home 2. Nursing care, including wound care and medication management 3. Physical, occupational, and speech therapy 4. Home health aide services, such as assistance with bathing and dressing 5. Medical equipment and supplies, such as oxygen tanks and wheelchairsHowever, the extent of coverage can vary widely depending on the policy and the insurance provider. Some policies may only cover home healthcare services if they are deemed medically necessary and ordered by a physician, while others may have more restrictive requirements or limitations.Experts recommend reviewing your health insurance policy carefully to understand what is covered and what is not, as well as any requirements or limitations that may apply. It is also a good idea to contact your insurance provider directly to ask about their specific coverage for home healthcare services.In some cases, additional coverage may be available through specialized home healthcare insurance policies or riders, which can provide more comprehensive coverage for home healthcare services. These policies may be particularly useful for individuals who require ongoing care or have specific medical needs that can be met in the home setting.Ultimately, the availability and extent of health insurance coverage for treatment at home will depend on the individual’s specific circumstances and the terms of their policy. It is essential to carefully review and understand your policy to ensure you have the coverage you need.
Health insurance claims typically require proof of hospitalization, but what happens when someone is too old or unwell to be admitted to a hospital and can only receive treatment at home? In such cases, domiciliary treatment, also known as home healthcare, can be an option. This type of treatment covers medical consultation, nursing care, medication, and diagnostic tests conducted at home. However, there are certain exceptions, such as treatments done for convenience or those that do not...
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. The digital film 'Option Hai Kya?' showcases the emotional and financial challenges faced by MSME owners and urges them to recognize the importance of...
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 coverage more easily. This change is expected to benefit a large segment of the population, particularly those who were previously denied coverage due to...
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 receiving a complaint that he had demanded a bribe of Rs 20,000 from a contractor. The contractor had completed electrical maintenance work worth Rs...
The Insurance Regulatory and Development Authority of India (Irdai) releases the incurred claim ratio of general and health insurance companies in India, which is a measure of how well a health insurer settles claims.
When purchasing or renewing a health insurance policy, one of the primary concerns is how the insurance company handles claims. The claim settlement record of an insurance company provides insight into the percentage of claims settled in a financial year. The Insurance Regulatory and Development Authority of India (Irdai) recently published its annual report, highlighting the claims payment data of general and health insurance companies for the financial year 2022-23. It's essential to...
Thane Motor Accident Claims Tribunal (MACT) awards over Rs 87 lakh compensation to victims of 2017 truck accident.
The Motor Accident Claims Tribunal (MACT) in Thane has awarded a total compensation of over Rs 87 lakh to the family of a woman who died and two others who suffered serious injuries in a truck accident on the Nashik-Mumbai Highway in 2017. The accident occurred on April 22, 2017, when a group of Sadhwis and their attendants were on a religious pilgrimage from Nashik to Mumbai. The truck veered into the group, causing fatal and life-altering injuries to some of the members. The tribunal,...
AHPI Revokes Suspension Of Cashless Services For Bajaj Allianz, Care Health
In a significant development, the Association of Healthcare Providers of India (AHPI) has revoked its advisory to suspend cashless services for policyholders of Bajaj Allianz General Insurance and Care Health. The decision comes after a meeting between AHPI's core committee members and senior representatives of Bajaj Allianz, where they addressed long-standing concerns raised by hospitals. The issues discussed included delays in empanelment of new hospitals, outdated reimbursement rates,...
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 candidates will work as apprentices for up to one year, starting November 1, 2025, with a monthly stipend of Rs. 12,000. The examination fee varies by...
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 real-time intelligence on emerging market and technology trends, track competitor activity, and identify promising tech companies to support Aviva's...
A ₹82 lakh insurance dispute from the 2012 IPL season has resurfaced, involving former player Sreesanth and the Rajasthan Royals, with the matter now being taken to the Supreme Court due to an injury row.
The Rajasthan Royals cricket team has been embroiled in a decade-long legal dispute with their insurer, United India Insurance, over a claim of ₹82 lakh related to an injury suffered by former India fast bowler S. Sreesanth in 2012. During a practice match in Jaipur, Sreesanth suffered a knee injury that ruled him out for the season. The Royals had insured their players under a contingency policy worth over ₹8.7 crore and filed a claim stating that the knee injury left him unfit to play....
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. Although the policy lapsed after two years, it was revived in March 2017. Unfortunately, Satyavathi passed away in March 2019. When Durggaiah filed a...
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 played a crucial role in developing and advancing the company's digital and marketing initiatives. Prior to his promotion, Surana served as the Head of...
Niva Bupa has suspended its cashless treatment facility in all Max Hospitals.
Niva Bupa Health Insurance has suspended its cashless treatment facility at all Max Hospitals across India, effective August 16, 2025. This move is expected to affect a significant number of insurance holders who rely on cashless treatment and other facilities at insurer-linked hospitals. The decision was made after the agreement between Niva Bupa and Max Hospitals expired in May 2025, and the two parties were unable to reach a mutual agreement on tariff revisions. According to Dr. Bhabhtosh...
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, critical illness protection, health services, and income security all in one. According to Kamlesh Rao, Managing Director and CEO of Aditya Birla Sun...
HDFC Life is increasing its technology expenditure in order to enhance customer experience (CX) and drive operational efficiency.
HDFC Life Insurance, India's second-largest private life insurer, has significantly increased its technology expenditures in recent years, with a growth rate that has outpaced its revenue growth. In the fiscal year 2025, the company's consolidated IT spending climbed to ₹338.2 crore, a 28% increase from the previous year. Over the past five years, HDFC Life has dedicated roughly one-fifth of its revenue to technology, with a focus on developing a robust digital strategy that prioritizes...
A survey conducted by Bajaj Allianz Life has revealed that approximately 81% of Indians have inadequate insurance coverage, indicating a significant gap in the country’s insurance landscape.
A recent survey conducted by Bajaj Allianz Life Insurance, in collaboration with NielsenIQ, has revealed that a significant majority of Indians, approximately 81%, underestimate their life insurance needs. Financial experts generally recommend that individuals should have life cover equivalent to at least 10 times their annual income. However, the survey found that the actual coverage among Indians is only about 3.1 times their income, leaving many financially vulnerable in the event of...
The Supreme Court has ruled that insurance companies are not obligated to pay for deaths caused by rash driving.
The Supreme Court of India has ruled that insurance companies are not obligated to pay compensation to victims who die due to rash and negligent driving. This decision was made by a bench of Justices PS Narasimha and R Mahadevan, who denied a plea by the kin of a victim seeking Rs 80 lakh in compensation from United India Insurance Company. The case involved a man named N.S. Ravisha, who died in a car accident on June 18, 2018, while driving at high speed and breaking traffic rules. The...
Australian Superannuation Funds of Australia (AU SFB) and Life Insurance Company (LIC) have partnered to expand life insurance offerings.
AU Small Finance Bank (AU SFB), the largest small finance bank in India, has formed a strategic partnership with Life Insurance Corporation of India (LIC), the country's largest life insurer. This collaboration is aimed at supporting the national vision of 'Insurance for All by 2047', which seeks to increase insurance penetration and provide financial protection to India's underserved population. Through this partnership, AU SFB will distribute LIC's comprehensive range of life insurance...
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 insights into emerging market dynamics and technological advancements, allowing the company to identify pioneering startups, breakthrough technologies,...
Max Hospitals across India have stopped providing cashless facilities to Niva Bupa customers.
Niva Bupa Health Insurance has suspended its cashless treatment facility at all Max Hospitals across India, effective August 16, 2025. This decision was made after the company's agreement with Max expired in May 2025 and negotiations on tariff revision failed to reach a mutual agreement. As a result, policyholders will no longer be able to access cashless treatment at Max Hospitals, but can still receive treatment on a reimbursement basis. This means that policyholders will have to pay their...
AHPI to suspend cashless treatment for Bajaj Allianz policyholders from Sep 1 due to unrevised tariffs.
The Ayushman Bharat Health Infrastructure (AHPI) has announced that it will be suspending cashless treatment for Bajaj Allianz policyholders starting from September 1, 2024. This decision has been made due to unrevised tariffs, which has led to a dispute between the two parties. The AHPI, which is a part of the government's Ayushman Bharat scheme, has been providing cashless treatment to policyholders of various insurance companies, including Bajaj Allianz. However, the tariffs for these...