ICICI Lombard has completed a cross-region disaster recovery (DR) upgrade using Amazon Web Services (AWS).
ICICI Lombard, in partnership with Amazon Web Services (AWS), has successfully completed a cross-region disaster recovery (DR) upgrade. The upgrade involved relocating the company's secondary setup from Mumbai to Hyderabad, enabling continued access to critical applications during disruptions. The new system features automated failover and real-time validation, minimizing downtime and ensuring business continuity. The upgraded DR solution is fully cloud-native and automated, leveraging AWS...
Federal and postal workers are expected to face double-digit health care premium increases for the upcoming year, according to Government Executive.
Federal and postal workers can expect to see significant increases in their health care premiums next year. According to the Federal Employees Health Benefits (FEHB) program, which covers over 8 million federal employees, retirees, and their families, premiums are projected to rise by an average of 10.6% in 2023. This marks the fifth consecutive year of double-digit premium increases for federal workers. The FEHB program, which is the largest employer-sponsored health insurance program in the...
Aditya Birla Sun Life Insurance has launched the Super Term Plan.
Aditya Birla Sun Life Insurance Company Limited (ABSLI) has launched the ABSLI Super Term Plan, a comprehensive pure protection term insurance policy designed to provide goal-linked financial protection and built-in health management services. The policy reflects the company's customer-first approach and commitment to supporting policyholders' overall well-being. The ABSLI Super Term Plan offers three tailored coverage options: Level Cover, Increasing Cover, and Level Cover with Return of...
MTG blows up GOP shutdown message with health-care rant
Marjorie Taylor Greene, a Republican congresswoman, has gone off-script by speaking out about the looming health insurance premium spike that will affect millions of Americans, including her own adult children. Despite the Republican party's efforts to focus on the government shutdown and blame Democrats, Greene has emphasized the need to address the impending crisis. In a tweet, she expressed her discontent with the party's lack of a plan to help Americans deal with the rising costs, calling...
Chola MS General Insurance has introduced a new campaign, #SimpleHai, which aims to redefine the concept of insurance.
Cholamandalam MS General Insurance (Chola MS) has launched a new digital campaign, #SimpleHai, aimed at changing the way Indians perceive insurance. The campaign focuses on simplifying the complex world of insurance, making it more accessible and understandable for consumers. Through a series of short films, Chola MS uses relatable everyday moments to show how insurance can be seamless, transparent, and digitally accessible. The campaign includes a hero brand film and two motor...
Tata AIA Maha Raksha Supreme Select is a term plan designed to evolve with an individual’s life milestones.
Tata AIA Maha Raksha Supreme Select is a term life insurance plan designed to provide comprehensive protection and flexibility to policyholders as they navigate various milestones in life. This plan is tailored to adapt to the changing needs of individuals, ensuring that they and their loved ones are financially secure at every stage. One of the key features of the Tata AIA Maha Raksha Supreme Select is its ability to increase the sum assured at different milestones in life, such as marriage...
ICICI Prudential Mutual Fund has opened a branch in Telangana.
ICICI Prudential Mutual Fund, a leading mutual fund house, has expanded its presence in Telangana with the inauguration of its first branch in Karimnagar. The branch was formally opened by Srinivas Achanta, Regional Head of Andhra Pradesh and Telangana, in the presence of channel partners and staff members. Renu Narayan, Zonal Head of Retail Sales and Distribution for the South region, expressed gratitude to the channel partners for their contribution to the company's success and growth. The...
The Central Bureau of Investigation (CBI) has booked a LIC Admin Officer for allegedly embezzling ₹43.8 lakh and tampering with records to conceal the fraud.
The Central Bureau of Investigation (CBI) has launched an investigation into an administrative officer with the Life Insurance Corporation of India (LIC) for allegedly embezzling ₹43.8 lakh. The officer, who worked in the pension and group schemes unit, is accused of transferring funds to third-party accounts and then to his own account between July 2023 and January 2024. According to the CBI, the officer conspired with others to misappropriate the funds and attempted to destroy related...
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...
- LIC (Life Insurance Corporation of India): With a claim settlement ratio of 98.62%, LIC is one of the most trusted life insurance companies in India.
- HDFC Life Insurance: Offering a claim settlement ratio of 99.07%, HDFC Life Insurance is known for its efficient claim processing.
- ICICI Prudential Life Insurance: With a claim settlement ratio of 98.58%, ICICI Prudential is a popular choice among policyholders.
- SBI Life Insurance: SBI Life Insurance has a claim settlement ratio of 94.99%, making it a reliable option for life insurance.
- Max Life Insurance: Max Life Insurance boasts a claim settlement ratio of 99.22%, ensuring that policyholders receive their claims in a timely manner.
- Tata AIA Life Insurance: With a claim settlement ratio of 99.07%, Tata AIA Life Insurance is a trusted name in the Indian life insurance market.
- Bajaj Allianz Life Insurance: Bajaj Allianz Life Insurance has a claim settlement ratio of 98.48%, providing policyholders with peace of mind.
- Kotak Mahindra Life Insurance: Kotak Mahindra Life Insurance offers a claim settlement ratio of 98.15%, making it a popular choice among policyholders.
- PNB MetLife India Insurance: With a claim settlement ratio of 97.18%, PNB MetLife India Insurance is a reliable option for life insurance.
- Aegon Life Insurance: Aegon Life Insurance has a claim settlement ratio of 98.01%, ensuring that policyholders receive their claims efficiently.
- Exide Life Insurance: Exide Life Insurance boasts a claim settlement ratio of 98.47%, providing policyholders with a smooth claim experience.
- Reliance Nippon Life Insurance: With a claim settlement ratio of 97.71%, Reliance Nippon Life Insurance is a trusted name in the Indian life insurance market.
- Birla Sun Life Insurance: Birla Sun Life Insurance has a claim settlement ratio of 96.35%, making it a reliable option for policyholders.
- Aviva Life Insurance: Aviva Life Insurance offers a claim settlement ratio of 97.41%, ensuring that policyholders receive their claims in a timely manner.
- Future Generali India Life Insurance: With a claim settlement ratio of 95.71%, Future Generali India Life Insurance is a popular choice among policyholders.
- Canara HSBC OBC Life Insurance: Canara HSBC OBC Life Insurance has a claim settlement ratio of 95.39%, providing policyholders with a smooth claim experience.
- Pramerica Life Insurance: Pramerica Life Insurance boasts a claim settlement ratio of 95.55%, ensuring that policyholders receive their claims efficiently.
- Aditya Birla Sun Life Insurance: Aditya Birla Sun Life Insurance has a claim settlement ratio of 96.67%, making it a trusted name in the Indian life insurance market.
- Star Union Dai-ichi Life Insurance: With a claim settlement ratio of 95.13%, Star Union Dai-ichi Life Insurance is a reliable option for policyholders.
- Shriram Life Insurance: Shriram Life Insurance offers a claim settlement ratio of 94.99%, providing policyholders with peace of mind.
The life insurance industry in India has evolved from being a tax-saving instrument to a vital component of financial security. The Insurance Regulatory and Development Authority of India (IRDAI) plays a crucial role in regulating life insurance companies, setting standards such as Claim Settlement Ratio (CSR) and solvency ratio. As of FY 2024-25, private insurers in India have shown remarkable efficiency in settling death claims, with an average CSR of almost 99% within 30 days. The top life...
LIC’s Cancer Cover Valid Only If ‘First Diagnosis’ Occurs After Waiting Period, Not Expert Confirmation: Kerala High Court
The Kerala High Court has ruled in favor of the Life Insurance Corporation (LIC) in a case involving a cancer patient's claim for insurance coverage. The claimant, a policyholder, had renewed her cancer cover in March 2021, which included a waiting period of 180 days. During this period, she was hospitalized due to bleeding and underwent several tests, including an ultrasound, histopathology, and MRI, which suggested that she had endometrial carcinoma. However, the final confirmation of cancer...
Health care premiums are increasing by 100%
A significant change in budget at the state and federal levels is expected to impact families financially, particularly in regards to healthcare. Specifically, premiums on marketplace insurance plans are anticipated to rise starting in 2026, as key tax credits expire at the end of 2025. This expiration will lead to higher costs for health coverage, leaving many to wonder how they will afford it. According to Gbenga Ajilore, Chief Economist for the Center on Budget and Policy, the expiration of...
Niva Bupa champions industry unity for ‘Insurance for All by 2047’ on Friendship Day.
On the occasion of Friendship Day, Niva Bupa Health Insurance launched a unique initiative to promote unity within the health insurance industry. Through a heartfelt social media post, the company extended greetings to other insurers and called upon them to join forces in achieving the goal of "Insurance for All by 2047". This initiative reflects the company's belief that collective efforts and industry-wide collaboration can accelerate progress in healthcare access and financial protection....
Tata AIA has launched two new funds to tap into India’s consumption growth.
Tata AIA Life Insurance has announced the launch of two new fund offers (NFOs), the Tata AIA Life Tax Bonanza Consumption Fund and the Tata AIA Life Tax Bonanza Consumption Pension Fund. These funds aim to capitalize on India's growing consumer market by investing in companies that benefit from rising incomes and changing spending patterns. The NFOs will be open for subscription from March 24 to March 31, 2025, with units priced at ₹10 each. The investment rationale behind these funds is based...
ICICI Prudential Mutual Fund has launched a new fund offer (NFO) for its Conglomerate Fund, which will focus on investing in India’s largest and most diversified business conglomerates.
ICICI Prudential Mutual Fund has introduced the ICICI Prudential Conglomerate Fund, an open-ended equity scheme that aims to capitalize on opportunities within India's largest promoter-led business groups. The New Fund Offer (NFO) began on October 3, 2025, and will close on October 17, 2025. This fund focuses on Indian conglomerates, which are business groups with at least two listed companies across various sectors. These conglomerates are seen as resilient structures capable of navigating...
A Step Toward Women’s Economic Empowerment
The Life Insurance Corporation of India (LIC) has introduced the Bima Sakhi Yojana, a scheme aimed at empowering women in rural and semi-urban areas by providing them with employment opportunities, training, and financial independence. This initiative aligns with the government's goal of promoting gender equality and financial inclusion. The Bima Sakhi Yojana is a women-centric program that enables rural women to become LIC agents and participate in the life insurance business. By becoming a...
Edelweiss floats hybrid long-strategy with tax-efficient returns
Edelweiss Mutual Fund, based in Mumbai, has introduced the Altiva Hybrid Long-Short Fund, a unique investment strategy under its Specialised Investment Fund (SIF) platform. The new fund offer (NFO) commenced on October 1, 2025, and will remain open until October 15, 2025. This launch comes after the Securities and Exchange Board of India (Sebi) introduced SIFs in February 2025. The Altiva Hybrid Long-Short Fund is designed to adapt across various market cycles, aiming to generate stable,...
ManipalCigna has launched the Sarvah range of health insurance plans.
ManipalCigna Health Insurance has launched a new range of health insurance plans called Sarvah. This range of plans is designed to provide comprehensive health insurance coverage to individuals and families. The Sarvah range of plans offers a wide range of benefits, including coverage for hospitalization expenses, pre-and post-hospitalization expenses, and outpatient expenses. The Sarvah range of plans is designed to cater to the diverse needs of customers, with different plans offering...
Supreme Court Rules: No Insurance for Drivers’ Own Negligence
The Supreme Court of India has upheld a Karnataka High Court decision that held the legal heirs of a person who died due to their own rash and negligent driving are not entitled to claim compensation under the Motor Vehicles Act, 1988. The case, G Nagarathna & Ors. vs. G Manjunatha & Anr., involved a tragic incident where N.S. Ravisha died after losing control of a car he was driving at excessive speed. His family filed a claim for ₹80 lakh under Section 166 of the Motor Vehicles Act, but the...
Aviva Abandons International Expansion, Focuses on UK and Canada Markets
Aviva, a company formed in 2000 through the merger of Norwich Union and CGU, had previously pursued a global expansion strategy. This approach led to the accumulation of a substantial overseas portfolio, spanning across Europe, North America, and Asia. However, under the leadership of Blanc, who took the helm in 2020, the company has shifted its strategy to focus on domestic markets. Within a relatively short period of 18 months, Blanc oversaw the divestment of eight overseas units. These...
UnitedHealth, AXA, CVS Health, and Ping An are driving global growth through expanded coverage and integrated care models.
The global health insurance market is expected to experience significant growth, driven by increasing demand for affordable healthcare access, regulatory support for private insurers, and digitalization. The market was valued at $1.58 trillion in 2024 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.20% from 2025 to 2034, reaching $2.88 trillion by 2034. Key opportunities in the market include the rising demand for affordable healthcare, growth of the private sector due...
The government is considering a merger of state-owned general insurance companies.
The Indian government is contemplating a significant move to merge four state-owned general insurance companies into a single entity. The companies in question are New India Assurance, National Insurance, Oriental Insurance, and United India Insurance. The primary objective behind this proposed merger is to create a robust general insurance giant that can effectively compete with private players in the market. This consolidation is envisioned to mirror the success of the Life Insurance...
LIC to fast-track insurance claims for victims of Air India AI-171 crash
In the aftermath of the devastating crash of Air India Flight AI-171 in Ahmedabad, the Life Insurance Corporation of India (LIC) has announced immediate measures to alleviate the financial burden on the families of the victims. The insurer expressed deep sorrow over the loss of lives, including passengers, crew members, and individuals on the ground. To support the affected families, LIC has introduced several concessions, including expediting claim settlements and accepting alternative proof...
Edelweiss AMC supercharges AI-driven transformation with Snowflake’s AI data cloud.
Edelweiss Asset Management Company Ltd. (Edelweiss AMC), a leading mutual fund house in India, has modernized its data infrastructure by adopting Snowflake's AI Data Cloud. This move aims to drive agility, cost efficiency, and a more personalized investor experience in a data-driven financial landscape. By migrating from legacy databases to a cloud-native environment, Edelweiss AMC has achieved significant benefits, including 50% savings in data warehousing spend and a dramatic boost in...
Life insurance companies pay a 4% commission on Unit Linked Insurance Plans (ULIPs).
Recent data from the Insurance Regulatory and Development Authority of India (IRDAI) reveals that life insurance companies paid an average commission of 4.03% to distributors for Unit-Linked Insurance Plans (ULIPs) in 2024, up from 3.13% in 2023. The total commission paid for ULIPs in 2024 was Rs. 4,900 crore, while the total ULIP premiums collected were Rs. 1.21 lakh crore. Tata AIA Life topped the list of insurers, paying 11.22% in commissions to distributors, followed by Aviva Life at...
Mumbai State Commission holds Royal Sundaram General Insurance liable for wrongful repudiation of claim.
The State Consumer Disputes Redressal Commission, Mumbai bench, has ruled in favor of the complainant, Mahesh Dashrath Gaikwad, in a case against Royal Sundaram General Insurance Co. Ltd. The complainant's vehicle, a Mitsubishi Pajero Sport, was insured with the company under a policy valid from May 13, 2016, to May 12, 2017. On March 25, 2017, the vehicle was detained by the police during a municipal corporation meeting, and it caught fire due to an electric short circuit on the night of...
HDFC ERGO General Insurance Wins Duck Creek Standard of Excellence Customer Award at Formation ’25
Duck Creek Technologies, a global intelligent solutions provider, has announced HDFC ERGO General Insurance Company Limited as a 2025 Standard of Excellence Customer Award winner. HDFC ERGO, India's leading private sector general insurer, has been recognized for its digital transformation and innovation in the insurance industry. The company has implemented Duck Creek's solutions, including Policy, Billing, Rating, and Insights, to enhance operational efficiency and customer experience. HDFC...
Germany’s Day Hospitals Combine Medical Care, Home Support – 조선일보
Germany's day hospitals have been gaining attention for their innovative approach to healthcare, combining medical care with home support. These facilities provide patients with the opportunity to receive medical treatment and therapy during the day, while still allowing them to return to the comfort of their own homes at night. The concept of day hospitals originated in the 1980s, with the goal of reducing hospitalization rates and providing more efficient care. Today, there are over 1,000...
Aviva Insurance Innovations: Leading the Global Financial Services Transformation
Aviva Insurance has established itself as a pioneer in the global financial services transformation, driven by its legacy of trust, innovation, and quality. With a history dating back to the late 17th century, Aviva has evolved through strategic mergers, acquisitions, and innovations to become one of the leading insurance providers worldwide. The company's commitment to consumer trust and anticipation of market needs has enabled it to remain at the forefront of the industry. Aviva's product...
Edelweiss AMC has enhanced its artificial intelligence (AI)-driven transformation by utilizing Snowflake’s AI data cloud.
Edelweiss Asset Management Company (Edelweiss AMC) has taken a significant step in its digital transformation by adopting Snowflake's AI Data Cloud, aiming to drive agility, cost efficiency, and a more personalized investor experience. By migrating from legacy databases to a cloud-native, unified environment, Edelweiss AMC has achieved faster insights, automated workflows, and embedded intelligence across its operations. This move has resulted in a 50% reduction in data warehousing spend, as...
North India hospitals have decided to suspend cashless services for Bajaj Allianz policyholders, according to scanx.trade.
Several major hospitals in North India have announced that they will be suspending cashless services for policyholders of Bajaj Allianz, a prominent insurance company. This decision comes after a long-standing dispute between the hospitals and the insurance provider over unpaid dues and low reimbursement rates. The hospitals, which include some of the top private healthcare providers in the region, have cited Bajaj Allianz's failure to settle outstanding claims and its insistence on applying...
PNB MetLife has appointed Manoj Arora as its Chief Information Security Officer.
Manoj is a seasoned professional with a remarkable career journey, marked by his association with several prominent organizations. One of the notable milestones in his career was his stint at IBM, where he started as a Subject Matter Expert. This role not only showcased his expertise but also laid the foundation for his future endeavors. In addition to IBM, Manoj has had the opportunity to work with other esteemed companies, including Wipro Infotech Ltd. His five-year tenure at Wipro Infotech...
The government shutdown is significantly impacting the healthcare system, with various consequences for patients, healthcare providers, and the overall industry. One of the key concerns is the battle over Affordable Care Act (ACA) subsidies, which has sparked intense debate and negotiation.
- Delayed Funding: The shutdown has resulted in delayed funding for various healthcare programs, including those related to the ACA. This delay can lead to disruptions in services, affecting patients who rely on these programs for their healthcare needs.
- Impact on Medicaid and CHIP: The shutdown affects the funding for Medicaid and the Children’s Health Insurance Program (CHIP), which provide health coverage to millions of low-income individuals and families. States may struggle to continue these programs without federal funding, potentially leaving vulnerable populations without access to necessary healthcare.
- ACA Subsidies: The battle over ACA subsidies revolves around the federal government’s role in reimbursing insurance companies for the discounts they offer to low-income enrollees. The cessation of these subsidy payments could lead insurance companies to increase premiums or withdraw from the ACA marketplaces, making healthcare less affordable for many Americans.
- Healthcare Workforce: The shutdown may impact the healthcare workforce, particularly in areas dependent on federal funding. This could lead to staffing shortages, reduced services, and increased workload for remaining staff, ultimately affecting the quality of care provided to patients.
- Research and Public Health: The shutdown also affects research initiatives and public health programs. This can hinder progress in medical research, disease prevention, and outbreak response, potentially having long-term consequences for the healthcare system and public health.
- Insurance Premiums: The uncertainty surrounding ACA subsidies and the overall stability of the healthcare market may lead to increased insurance premiums. As insurance companies face financial uncertainty, they may raise premiums to mitigate potential losses, making healthcare less accessible to many.
- Rural Healthcare: Rural areas, which often rely heavily on federal funding for their healthcare services, are particularly vulnerable to the shutdown’s impacts. Reduced funding can exacerbate existing healthcare access issues in these regions, further disenfranchising rural communities.
- Veterans’ Healthcare: The shutdown can affect the Department of Veterans Affairs’ (VA) ability to provide timely and comprehensive healthcare services to veterans. Despite being exempt from the shutdown, the VA’s operations can still be impacted by lack of funding for certain programs and services.
- Food and Drug Administration (FDA): The FDA’s activities, including drug approvals and food safety inspections, are reduced during the shutdown. This can delay the approval of new drugs and medical devices, potentially impacting patient access to innovative treatments.
- Long-term Consequences: The prolonged nature of the shutdown can have lasting effects on the healthcare system, including decreased investor confidence in health insurance companies, reduced participation in ACA marketplaces, and increased healthcare costs for consumers.
The federal government shutdown that began on October 1, 2025, is largely due to disagreements over healthcare issues between Democrats and Republicans. One major point of contention is the extension of subsidies for Affordable Care Act (ACA) insurance premiums, which are set to expire at the end of 2025. Democrats are pushing for an extension, as without it, ACA premiums are expected to rise by over 75% in 2026, resulting in an estimated 4.2 million Americans losing insurance. Another key...
India’s Best Employers | TIME
TIME and Statista have released the inaugural list of the Best Employers of 2025, determined through independent employee surveys conducted globally. In India, 800,000 employer evaluations were gathered, and the top 600 companies were ranked based on employee recommendations. The list is dominated by the IT, software, and services industry, followed by banking and financial services, and then construction, chemicals, and raw materials. The top employer in India is CBRE, a real estate services...
Cholamandalam Financial Holdings reports Q1 consolidated profit after tax of Rs 1,259 crore.
Cholamandalam Financial Holdings Ltd has reported a consolidated profit after tax of Rs 1,259.54 crore for the April-June 2025 quarter, marking a increase from the corresponding quarter of the last financial year when the company reported a net profit of Rs 1,159.56 crore. The company's consolidated total income also grew to Rs 9,382.95 crore, up from Rs 7,677.43 crore in the year-ago period. For the financial year ending March 31, 2025, the consolidated profit after tax was Rs 4,739.88 crore,...
Bulk annuities latest: Deals for Standard Life, Aviva, L&G
Several UK companies have recently secured buy-ins for their defined benefit (DB) pension schemes, ensuring the benefits of their members are protected. Amtico, a flooring manufacturer, completed a transaction with Standard Life last month, securing the benefits of 425 members. The deal also ensures that members with both DB and defined contribution (DC) pension arrangements, which are managed by Standard Life, retain the link between them. Alex Oakley, bulk annuity transaction manager at...
Niva Bupa reported a strong Q4 with a 36% increase in premium growth, and their FY25 profit saw an increase of ₹214 crore.
Niva Bupa Health Insurance has reported a remarkable 161% increase in its profit after tax (PAT) for the financial year 2025, reaching ₹214 crore from ₹82 crore in the previous year. The company's Gross Written Premium (GWP) also saw a significant increase, with a 36% year-on-year rise to ₹2,395 crore in the fourth quarter and a 32% increase to ₹7,407 crore for the entire year. The insurer's financial health has improved, with a solvency ratio of 3.03, up from 2.55 in the previous year,...
Expanding Coverage: How Insurance Solutions Aim To Reach The Last MileInsurance companies are continually seeking innovative ways to extend their coverage to remote and underserved populations, a demographic often referred to as the last mile. This expansion is driven by advances in technology and evolving business models that make it feasible to offer insurance products to areas and communities that were previously inaccessible or unprofitable.One of the key strategies in reaching the last mile involves leveraging digital platforms and mobile technology. By using mobile apps and digital tools, insurance companies can offer their services more efficiently and at a lower cost. This approach not only helps in penetrating deeper into rural and isolated areas but also in making the insurance process more user-friendly and accessible for potential clients.Another approach is the development and implementation of microinsurance products tailored to the specific needs of low-income households and individuals in these areas. Microinsurance policies have lower premiums and are designed to provide basic coverage against specific risks, making them more affordable and relevant to people who may not have been able to afford traditional insurance products.Furthermore, partnerships between insurance companies and local organizations, such as community groups, NGOs, and small businesses, play a crucial role in expanding coverage. These local partners can provide vital insights into the needs and preferences of the target population, help in product development, and assist in distribution and claims settlement processes.Innovative distribution channels, including agents and brokers who are familiar with the local context, are also being employed. Training these agents to understand the products and the needs of their communities enables them to effectively communicate the value of insurance, thereby increasing penetration rates.Moreover, the use of data analytics and artificial intelligence (AI) is becoming more prevalent. These technologies can help in assessing risks more accurately in areas where traditional data may be scarce, and in designing products that better match the needs of the last mile populations. Additionally, they can streamline operations, reduce costs, and enhance customer service, making insurance solutions more viable and attractive.The effort to reach the last mile with insurance solutions also involves working closely with governments and regulatory bodies to create an enabling environment. This includes advocating for regulatory frameworks that support innovation and the development of inclusive insurance markets.Ultimately, the goal of expanding insurance coverage to the last mile is not only to increase the customer base of insurance companies but also to contribute to the economic resilience and well-being of these communities. By providing protection against unforeseen events and risks, insurance can play a critical role in helping individuals and families avoid falling into poverty and in supporting their journey towards economic stability and growth.
The insurance industry in developed economies typically has a larger general insurance business compared to life insurance. However, in India, the life insurance business is three times bigger than the general insurance business. This is because in emerging economies, people often rely on life insurance policies with investment components or fixed deposits as their primary safety net. As wealth creation increases, individuals begin to seek out core insurance solutions, leading to growth in the...
HDFC Life has partnered with upGrad to launch an internship-led skilling program in the life insurance sector.
HDFC Life, a leading life insurer in India, has partnered with upGrad, a global skilling major, to launch a unique internship program called the "Insurance Fundamentals Program". This program aims to provide certification in life insurance, as well as practical experience and a career pathway for participants. The program consists of a 3-week self-paced online course, followed by a four-month paid internship with HDFC Life for learners who complete the program and meet the internship selection...
Tata AIA Life has launched a unit-linked health plan.
Tata AIA Life Insurance has introduced a new unit-linked health insurance plan called Tata AIA Health SIP. This plan is similar to unit-linked insurance plans (ULIPs), but it focuses on providing both health insurance and investment opportunities for investors. The key features of the plan include no premium allocation charges, allowing the investor's premium amount to be directly utilized for health coverage and investment. Additionally, the plan offers tax-free withdrawals from the 6th...
Kotak Gen2Gen Income Wins Product of the Year 2025 Award
Kotak Mahindra Life Insurance Company Ltd (Kotak Life) 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. The recognition is based on a nationwide survey conducted by NielsenIQ, involving 1,800 consumers across India. This is the second consecutive year that Kotak Life has received this award, demonstrating the company's commitment to consumer-centric innovation. The Kotak Gen2Gen...
Without affordable health insurance, all Wyoming residents suffer.
The Mountain Health Co-Op, one of two insurers offering individual insurance in Wyoming, has announced its withdrawal from the state's health insurance marketplace. This decision affects approximately 11,000 members, who must now find a new health insurance carrier before next year. The co-op's departure is attributed to high claims costs and significant losses in Wyoming, prompting the company to focus on its operations in Idaho and Montana instead. The withdrawal of Mountain Health Co-Op is...
India’s first private general insurer, Royal Sundaram, has completed 25 years of operation.
Royal Sundaram, India's first private general insurance company, has completed 25 years of operations. The company was launched in 2000, marking a significant milestone in the country's insurance landscape. At that time, the Indian insurance market was dominated by public sector companies, and Royal Sundaram's entry paved the way for private players to participate in the segment. Over the years, Royal Sundaram has established itself as a reputable and trusted brand, offering a wide range of...
PNB MetLife combines insurance with value-based equity investing.
If you're looking to advertise your company and connect with your customers, there are various ways to collaborate with us. Our team is skilled in designing and creating effective advertising campaigns, both in print and digital formats, which can be featured on our website and in our print magazine. This allows you to reach a wide audience and increase your brand's visibility. In addition to advertising campaigns, we can also help organize events that cater to your specific needs. These...
The government shutdown debate centers on two key issues: healthcare and immigration, specifically concerning individuals in the U.S. illegally. The healthcare aspect revolves around the Affordable Care Act (ACA), also known as Obamacare, which has been a point of contention since its inception. Republicans have sought to repeal and replace the ACA, citing concerns over its cost and effectiveness, while Democrats have fought to preserve and expand it, arguing it provides essential health coverage to millions of Americans.The immigration component of the debate focuses on the treatment of undocumented immigrants, particularly those brought to the U.S. as children, known as Dreamers. Democrats have pushed for a pathway to citizenship for these individuals, arguing it is a matter of humanitarian justice and economic sense, as many Dreamers are integrated into American society, attending school, working, and serving in the military. Republicans, however, have emphasized the need for border security and stricter immigration laws, often linking these to any discussions about the legal status of undocumented immigrants.The government shutdown occurs when Congress fails to pass or the President fails to sign appropriations bills that fund government operations, leading to the cessation of non-essential federal services. In the context of the healthcare and immigration debates, a shutdown might happen if lawmakers cannot agree on provisions related to these issues within the budget bills. For instance, if Democrats insist on including protections for Dreamers or funding for ACA programs, and Republicans refuse, agreeing on a budget becomes impossible, leading to a shutdown.This political stalemate is not just about policy; it’s also about political leverage and public perception. Both parties seek to position themselves in a way that garners public support, often framing the debate in terms of principles rather than practicalities. The outcome of such debates can have significant implications for the country, affecting not just the immediate issues at hand but also the broader political landscape and future policy directions.
The government shutdown has sparked a heated debate between Democrats and Republicans over healthcare for immigrants. The White House and Republican lawmakers claim that Democrats want to provide free healthcare to undocumented immigrants, which Democrats deny. The controversy centers around a provision in the Democrats' funding proposal that would reverse changes made by the One Big Beautiful Bill Act, which restricted Medicaid eligibility for noncitizens. The Act, signed by President Trump,...
Aviva has appointed Navinder Dhillon as the CEO of Aviva Canada, according to Coverager.
Aviva has announced the appointment of Navinder Dhillon as the new CEO of Aviva Canada. This move is part of the company's effort to strengthen its leadership team and drive growth in the Canadian market. Dhillon brings a wealth of experience in the insurance industry, having held various senior roles in Canada and internationally. As CEO of Aviva Canada, Dhillon will be responsible for leading the company's strategy and operations in Canada. He will oversee the development and implementation...
Breaking the ‘limit mein’ mindset in advertising involves challenging traditional constraints and embracing innovative strategies to effectively connect with the target audience. It’s about thinking beyond conventional boundaries and exploring fresh perspectives to create impactful campaigns that resonate with consumers.
In the advertising world, a ‘limit mein’ mindset can manifest in various ways, such as adhering to established formulas, being risk-averse, or clinging to familiar demographics. To break free from this mindset, advertisers must be willing to experiment, take calculated risks, and push the envelope in terms of creativity and messaging.
By doing so, brands can tap into new markets, foster deeper connections with their audience, and ultimately drive business growth. It requires a willingness to challenge assumptions, listen to diverse voices, and stay attuned to the evolving needs and preferences of consumers.
Some key strategies for breaking the ‘limit mein’ mindset in advertising include:
- Embracing diversity and inclusivity: Ensuring that campaigns reflect the complexity and richness of the target audience, rather than relying on stereotypes or narrow demographics.
- Encouraging creative risk-taking: Providing a safe space for innovative ideas to flourish, even if they deviate from traditional approaches.
- Leveraging emerging technologies: Staying ahead of the curve by incorporating cutting-edge tools, platforms, and formats to engage consumers in new and exciting ways.
- Fostering a culture of experimentation: Encouraging a mindset of continuous learning, testing, and iteration to optimize campaign performance and stay relevant in a rapidly changing market.
By adopting these strategies, advertisers can break free from the ‘limit mein’ mindset and unlock new possibilities for connecting with their audience, driving brand growth, and staying ahead of the competition.
Niva Bupa Health Insurance Company has launched a campaign called "Yeh hua na health insurance" to promote its latest product, ReAssure 3.0, which offers unlimited coverage for every claim, every time, and for all illnesses. The company aims to revolutionize the health insurance industry by putting an end to the sum insurance race, where consumers are forced to choose a sum insured without knowing what medical expenses they may face in the future. The campaign film tells the story of a...
Tata AIA has launched two new initiatives, Health Buddy and Health SIP, as part of its effort to expand its focus on healthcare.
Tata AIA Life Insurance has introduced a new virtual health companion called Health Buddy, which is available exclusively through the Tata AIA mobile app. This platform provides round-the-clock access to preventive health services and specialist consultations, covering a wide range of needs such as routine check-ups, vaccinations, and in-person consultations for women's health conditions. Health Buddy also offers dental wellness services, medical second opinions, critical illness support,...
Kamlesh Rao, Aditya Birla Sun Life Insurance, ETBrandEquity
Kamlesh Rao, Managing Director and Chief Executive Officer of Aditya Birla Sun Life Insurance, emphasizes the importance of simplifying life insurance products to address common consumer misconceptions. The company has launched the Super Term Plan, which incorporates an integrated health management service and offers options for policyholders to receive all their premiums back or an early exit option. This aims to combat the fear of losing money if the policyholder lives. Rao highlights that...
Niva Bupa has partnered with Zepto to emphasize the importance of true financial freedom.
Niva Bupa Health Insurance Company has partnered with Zepto, a popular delivery platform, to raise awareness about the importance of health insurance in a unique and engaging way. The partnership aims to connect with consumers across key metropolitan areas through a mix of outdoor advertising, branded customer experience, and digital integration. The campaign kicks off with a playful out-of-home (OOH) campaign featuring a "banter" between the two brands, highlighting the importance of health...
Applications are now open for the LIC Golden Jubilee Scholarship for the academic year 2025-26.
The Life Insurance Corporation of India (LIC) is offering the LIC Golden Jubilee Scholarship for the academic year 2025-26. This scholarship is designed to support students from economically weaker sections who are pursuing higher studies. To be eligible for the scholarship, students must have passed Class 10 or 12 with a minimum of 60% marks or an equivalent grade. Additionally, the annual family income of the applicants should not exceed Rs 4,50,000. The scholarship offers a reward of up to...
Health care premium assistance is coming to an end, prompting officials to sound the alarm.
Congressmen Seth Magaziner and Gabe Amo, along with leaders from Rhode Island's health care industry, held a joint press conference to express their concerns about looming federal cuts to health care assistance. The cuts, which are set to take effect at the end of the year, would impact thousands of Rhode Islanders who rely on federal tax credits to afford health insurance premiums. The tax credits, which are available to individuals and families based on income, have made health care...
Tesco and Aviva have formed a partnership to provide life insurance to shoppers.
Aviva, a leading insurance provider, has partnered with Tesco Insurance & Money Services to offer life insurance to Tesco shoppers and Clubcard members. This partnership aims to provide customers with access to life cover while benefiting from Tesco's customer rewards. The life insurance proposition will be marketed by Tesco through various channels, including online, social media, and in-store promotions. Customers will be able to obtain a quote and apply for cover digitally. According to Ban...
ICICI Lombard’s film turns snoring into a wake-up call for heart health, ETBrandEquity
ICICI Lombard, a leading insurance company, has launched a digital campaign for World Heart Day to raise awareness about the potential health risks associated with snoring. The campaign, titled "Reframing Snoring," aims to educate people about the link between snoring and sleep apnea, a condition that can lead to serious health complications such as hypertension, arrhythmia, and heart failure. According to the company, an estimated 10.4 crore Indians suffer from sleep apnea, often undiagnosed....
LIC witnessed Rs 1,100 crore inflows on the first day of offering GST-free life cover, according to a report.
The Life Insurance Corporation of India (LIC) witnessed a significant surge in inflows, exceeding Rs 1,100 crore on the first day after the goods and services tax (GST) was removed from individual traditional life insurance policies. This sharp increase is a notable contrast to the Rs 5,000 crore of monthly premium income from retail policyholders seen in August 2025. The GST exemption, which took effect on September 22, 2025, applies to term, unit-linked, and traditional life insurance...
Pluto Health has expanded its care model to include Medicare, Medicaid, and major commercial plans.
Pluto Health, a healthcare technology company, has announced the expansion of its care model to include Medicare, Medicaid, and major commercial plans. This move aims to increase access to high-quality, affordable healthcare for a wider range of patients. Pluto Health's care model focuses on value-based care, where healthcare providers are incentivized to deliver high-quality, cost-effective care. The company's platform uses advanced analytics and artificial intelligence to identify high-risk...
Revised GST Rates and Their Impact on Car Buyers
The Goods and Services Tax (GST) rates in India have undergone significant changes, affecting various industries, including the automotive sector. The revised GST rates have a substantial impact on car buyers, influencing their purchasing decisions and the overall cost of vehicle ownership.
Current GST Rates for Cars
The current GST rates for cars in India are as follows:
- 5% GST for electric vehicles
- 18% GST for vehicles with engine capacity up to 1200cc and length up to 4000mm
- 20% GST for vehicles with engine capacity between 1200cc and 1500cc, and length up to 4000mm
- 22% GST for vehicles with engine capacity above 1500cc and length above 4000mm
- 50% of the total tax amount (cess) for luxury vehicles, in addition to the GST rate
Impact on Car Buyers
The revised GST rates have both positive and negative effects on car buyers:
- Increased Cost: The higher GST rates for vehicles with larger engine capacities and lengths have increased the cost of these cars, making them more expensive for buyers.
- Decreased Cost: The lower GST rate for electric vehicles has made them more affordable, encouraging buyers to opt for eco-friendly options.
- Cess on Luxury Vehicles: The additional cess on luxury vehicles has further increased their cost, making them less appealing to buyers who are looking for premium vehicles.
- Effect on Sales: The revised GST rates have influenced car sales, with some segments experiencing a decline due to the increased costs, while others, like electric vehicles, have seen a surge in demand.
Factors Affecting Car Buyers’ Decisions
Several factors influence car buyers’ decisions in the face of revised GST rates:
- Budget: The increased cost of vehicles due to higher GST rates may force buyers to reconsider their budget and opt for more affordable options.
- Fuel Efficiency: Buyers may prioritize fuel-efficient vehicles to minimize their overall cost of ownership.
- Environmental Concerns: The lower GST rate for electric vehicles may attract buyers who are environmentally conscious and willing to invest in eco-friendly options.
Conclusion
The revised GST rates have a significant impact on car buyers in India, affecting their purchasing decisions and the overall cost of vehicle ownership. While the increased costs may deter some buyers, the lower GST rate for electric vehicles presents an opportunity for the growth of the eco-friendly segment. As the Indian automotive industry continues to evolve, car buyers must carefully consider their options and prioritize their needs in light of the revised GST rates.
The Indian government has announced significant reforms to the Goods and Services Tax (GST) regime, reducing the four-tier structure to two core rates of 5% for essentials and 18% for other goods. A new 'de-merit' slab of 40% has been introduced for sin products and luxury items. The reforms have a notable impact on the automotive sector, particularly on four-wheelers. Effective September 22, 2025, small cars with 1200 cc petrol engines, 1500 cc diesel engines, and a size of under four meters...
The Republican Party’s claim that Democrats are responsible for the impending government shutdown is a misleading talking point. This assertion is based on the idea that Democrats control both the House and the Senate, and therefore, they should be able to pass a funding bill without any issues. However, this oversimplifies the complexities of the legislative process and ignores the role of Republican lawmakers in the shutdown saga.In reality, the GOP’s talking point is an attempt to deflect blame and shift the narrative away from their own role in the shutdown crisis. By pointing fingers at the Democrats, Republicans are trying to avoid accountability for their own actions, which have contributed to the stalemate.The fact is that the shutdown is a result of a complex interplay of factors, including disagreements over border security, spending levels, and policy priorities. Both parties have made demands and taken positions that have contributed to the impasse. To suggest that one party is solely responsible for the shutdown is a gross simplification of the situation.Moreover, the Republican Party’s claim that Democrats are obstructionists is not supported by the facts. Democrats have put forward several proposals to avoid a shutdown, including a stopgap funding measure that would have kept the government open until a more comprehensive agreement could be reached. However, these efforts have been rebuffed by Republicans, who have insisted on including border wall funding and other contentious provisions in the funding bill.Ultimately, the GOP’s misleading talking point on the shutdown is a classic case of political spin. By manipulating the narrative and selective presentation of facts, Republicans are trying to shape public opinion and gain a political advantage. However, this tactic is unlikely to succeed, as the American public is increasingly savvy and can see through such blatant attempts to deceive.
As the threat of a government shutdown looms, Republicans have resorted to a misleading talking point, claiming that Democrats are responsible for the impending crisis. This argument, however, is based on a flawed premise. The GOP contends that Democrats are refusing to negotiate, but in reality, they are simply trying to hold Republicans to their previous commitments. The root of the issue lies in the disagreement over funding for a border wall, a campaign promise made by President Trump....
Tata AIA Life has launched the Smart Pension Secure Plan.
Tata AIA Life Insurance has introduced the Smart Pension Secure Plan, a Unit-Linked Pension Plan (ULIP) designed to cater to individuals seeking flexible and market-linked growth opportunities for their retirement corpus. The plan is linked to the Tata AIA Alpha 50 Index Pension Fund, which invests 80-100% of its assets in equity aligned with the Nifty Alpha 50 Index. The New Fund Offer (NFO) is priced at ₹10 per unit and is available until January 31, 2025. The Smart Pension Secure Plan...
Tata AIG has joined Star Health and Niva Bupa in discontinuing cashless claim settlement at Max Hospitals.
Tata AIG General Insurance has suspended its cashless settlement arrangement with Max Hospitals, effective September 10, 2025. This move comes after a dispute over tariffs, with Tata AIG seeking further rate cuts and Max Healthcare refusing to comply. The hospital chain had signed a two-year tariff agreement with Tata AIG, but the insurer requested additional reductions in July, threatening to suspend cashless services if its demands were not met. As a result, policyholders will now be...
Private hospitals in India have suspended services for members of the country’s health insurance program, leaving millions of people without access to medical care.
India's flagship public health insurance program, Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (PM-JAY), is facing significant challenges. The program, launched in 2018, promises to cover hospital expenses up to ₹5 lakh (around $5,725) per family, but it has run into problems over non-payment to private hospitals. In Haryana, 650 private hospitals have suspended services to PM-JAY patients due to ₹490 crore ($59 million) in pending reimbursements, which date back six to nine months. This...
Insured, yet unprotected.
The Indian government's decision to reduce GST on insurance premiums to zero percent is a relief for millions, but it only scratches the surface of a deeper crisis in the insurance sector. According to the Council of Insurance Ombudsman's 2023-24 annual report, the top three firms with the most complaints are Star Health, CARE Health Insurance, and Niva Bupa. Star Health leads with 13,308 complaints, with 10,196 related to claim rejections or slashes. CARE Health's COO, Manish Dodega, defended...
ManipalCigna Sarvah has been named the ‘Product of the Year 2025’ in the health insurance category.
ManipalCigna Health Insurance, a leading standalone health insurer in India, has received the prestigious 'Product of the Year 2025' award in the Health Insurance category for its flagship product, ManipalCigna Sarvah. This recognition is based on an independent consumer survey conducted by NielsenIQ, which celebrates the product's strong consumer appeal, innovative features, and relevance to evolving healthcare needs across India. The Product of the Year award is the world's largest...
NIACL AO Result 2025 has been declared and is available at newindia.co.in, a direct link to download the scorecard is provided.
The New India Assurance Company Limited (NIACL) has released the scorecard for its 2025 Administrative Officer (AO) Scale-I recruitment. Candidates who participated in the selection process can now check their individual scores on the official website at newindia.co.in. To access the scorecard, candidates need to log in using their roll number and date of birth. The NIACL AO recruitment is a significant opportunity for candidates to join a leading government-owned general insurance provider....
Star Health has introduced ‘Know Your Policy’, a simplified guide to understanding health insurance coverage, as reported by the Press Trust of India.
Star Health and Allied Insurance, a leading health insurance provider in India, has launched a new initiative called 'Know Your Policy'. This program aims to educate policyholders about the various aspects of their health insurance coverage, making it easier for them to understand and navigate their policies. The 'Know Your Policy' initiative is designed to provide policyholders with a comprehensive and simplified guide to their health insurance coverage. The guide will cover key aspects of...
The 2012 Sreesanth injury insurance row involving Rajasthan Royals began with an Indian Premier League (IPL) nets session and eventually made its way to the Supreme Court.
A long-standing dispute over a knee injury sustained by former Indian cricketer S. Sreesanth during the 2012 Indian Premier League (IPL) has reached the Supreme Court. The injury occurred during a practice session in Jaipur, and Sreesanth was subsequently ruled out of the season. The Rajasthan Royals, who had insured their squad under a special contingency policy worth over Rs 8.7 crore, filed a claim of about Rs 82 lakh with their insurer, United India Insurance Co. However, the insurance...
Tata AIA has launched two new funds that aim to capitalize on India’s expanding consumer market.
Tata AIA Life has introduced two new funds: the Tax Bonanza Consumption Fund and the Tax Bonanza Consumption Pension Fund. These funds are designed to capitalize on the changing consumption patterns in India, which have been driven by urbanization and increasing income levels. The funds will be open for subscription from March 24 to March 31, 2025, with each unit priced at Rs 10. India's consumption trends have undergone a significant transformation in recent years. The country's growing...
Beginning next month, Bajaj Allianz will no longer offer cashless treatment, and CARE Insurance has also received a notice, according to the Association of Healthcare Providers India (AHPI).
The Association of Healthcare Providers-India (AHPI) has directed its member hospitals in north India to suspend cashless treatment facilities for Bajaj Allianz General Insurance policyholders starting September 1, 2025. A similar notice has been sent to CARE Health Insurance, with a deadline of August 31, 2025, for a response. If no response is received, AHPI will also suspend cashless treatment facilities for CARE policyholders. This means that policyholders will have to pay for medical...
Niva Bupa has dismissed as baseless a viral social media post claiming the insurer denied a policyholder’s cashless claim.
A viral social media post on LinkedIn claimed that Niva Bupa Health Insurance had denied a cashless claim of Rs 61 lakh for a policyholder, Chandra Kumar Jain, who is battling Myeloid Leukaemia and requires a Bone Marrow Transplant (BMT) at Sir HN Reliance Foundation Hospital in Mumbai. However, Niva Bupa has clarified that the allegations are "baseless" and that the company had already approved a pre-authorisation cashless request of Rs 25 lakh, as well as an additional charge of Rs 77,000....
LIC is reportedly making an entry into the health insurance market by acquiring a stake in ManipalCigna.
According to a recent report, Life Insurance Corporation of India (LIC) is considering a foray into the health insurance market by acquiring a stake in ManipalCigna Health Insurance Company. This move is seen as a strategic expansion of LIC's business portfolio, which currently dominates the life insurance market in India. ManipalCigna Health Insurance is a joint venture between Manipal Group and Cigna Corporation, a global health insurance company. The company offers a range of health...
Aviva is actively seeking to improve long protection application turnaround times for complex cases.
Aviva, an insurance company, has announced that it is working to improve the turnaround times for protection applications that require underwriting and a GP report. This comes after an adviser revealed that one particular application was expected to take 39 working days to be assigned to an underwriter. According to Daren Boys, Aviva's protection portfolio distribution director, over 80% of protection applications are still being processed efficiently through the company's straight-through...
PNB MetLife has introduced the Value Fund, a financial product designed to help investors create long-term wealth by leveraging the principles of value investing.
PNB MetLife has launched a new Value Fund, offering investors an opportunity to build long-term wealth through value investing. This approach focuses on identifying fundamentally strong companies that are available at attractive prices due to market neglect or cyclical downturns. The fund aims to deliver long-term capital growth by investing in undervalued companies with solid fundamentals. The PNB MetLife Value Fund offers several benefits, including long-term wealth creation, active fund...
California is preparing for a potential health insurance crisis.
California is facing a potential health insurance meltdown due to a combination of factors, including rising healthcare costs, changes in federal funding, and a surge in enrollments in the state's health insurance marketplace, Covered California. The state's health insurance market is at risk of destabilization, which could lead to higher premiums, reduced coverage options, and decreased access to healthcare for thousands of Californians. One of the primary concerns is the pending expiration...
Max Healthcare: No cashless claims for Tata AIG health insurance policyholders in Max Hospitals, becomes 3rd insurer to do so.
Tata AIG Insurance has suspended its cashless claim settlement facility with Max Hospitals, following in the footsteps of Star Health and Niva Bupa. This means that policyholders of these insurance companies will no longer be able to receive cashless treatment at Max Hospitals, and will instead have to pay out of pocket and claim reimbursement later. While Star Health and Niva Bupa have suspended cashless claim settlement with all 22 Max Hospitals across the country, Tata AIG's suspension is...
We strive to make insurance relevant, personal, and accessible to every household, says HDFC Life’s ED-CBO
HDFC Life, a leading life insurance company in India, has witnessed broad-based growth across Tier 1, 2, and 3 cities, driven by higher policy sales and rising average ticket sizes. The company has a diversified product portfolio, including ULIPs, savings, protection, annuity, and group retirements, and is innovating with embedded products and term plans with return of premium. Vineet Arora, Executive Director and Chief Business Officer, HDFC Life, stated that a balanced portfolio and...
Chola MS Launches #SimpleHai Campaign to Simplify Insurance Processes
Cholamandalam MS General Insurance, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, has launched a new digital campaign called #SimpleHai. The campaign aims to shift the conversation around insurance from complexity to simplicity, encouraging people to stay insured and protected with confidence. It includes a series of films that use everyday life moments to show how insurance can be simple, transparent, and digitally powered. The campaign draws inspiration...
Posterscope India brings HDFC ERGO to the heart of Mumbai’s daily commute
HDFC ERGO General Insurance has launched an innovative Out-of-Home (OOH) campaign in collaboration with Posterscope India, aiming to integrate the brand into the daily routines of Mumbai commuters. The campaign transforms everyday travel stops into reminders of security, trust, and presence, connecting with people at moments that matter most. The initiative, executed by Posterscope India, focuses on premium locations with high office-goer traffic and long dwell times. The Airport Road Metro...
Aviva has revealed that approximately five million Brits fail to secure their sheds and outbuildings, leaving them unprotected and vulnerable to theft.
A recent survey conducted by Aviva found that nearly three in 10 UK residents have experienced an attempted or actual break-in to their shed or outbuilding. Despite this, one in eleven people do not take measures to protect their shed or outbuilding, which is equivalent to around five million Brits. The survey also revealed that two-thirds of those who had their shed or outbuilding broken into also experienced a break-in or attempted break-in at their home. The average claim for outbuilding or...
15,200 hospitals have suspended cashless treatment for Bajaj Allianz policyholders due to unresolved issues.
The Association of Healthcare Providers India (AHPI) has expressed concerns over the reimbursement rates offered by Bajaj Allianz, a health insurance provider. Dr. Girdhar Gyani, Director General of AHPI, stated that the current rates are outdated and unsustainable, which may compromise patient care. The key issues raised by hospitals include outdated reimbursement rates, unilateral deductions, and delayed payments and approvals. Hospitals allege that Bajaj Allianz has refused to update...
Edelweiss Financial launches ₹3,000 million NCD issue with yields up to 10.25%
Edelweiss Financial Services Limited (EFSL) has announced the launch of a public issue of secured, redeemable non-convertible debentures (NCDs) worth up to ₹3,000 million. The issue consists of a base size of ₹1,500 million with a green-shoe option to retain an additional ₹1,500 million. The NCDs will be offered in 10 series with fixed coupon rates and tenures ranging from 24 to 120 months. Investors can choose from annual, monthly, or cumulative interest options, with effective annual yields...
AHPI requests Star Health to reinstate cashless services at hospitals
The Association of Healthcare Providers of India (AHPI) has expressed concerns over the suspension of cashless treatment by Star Health Insurance in several hospitals. According to AHPI, cashless services have been disrupted in numerous hospitals, including Care Hospitals in Vizag, Manipal in Delhi and Gurugram, and Max in North India. Other hospitals such as Metro in Faridabad, Medanta in Lucknow, Rajiv Gandhi Cancer Hospital in New Delhi, Sarvodaya in Faridabad, and Yatharth Hospitals have...
PNB MetLife has consolidated its creative mandate with Cheil X India.
PNB MetLife India Insurance has made a significant change in its marketing strategy by consolidating its integrated creative agency account with Cheil X India. This decision comes after a competitive pitch process that involved multiple agencies, including incumbent ones. The move aims to unify the company's brand narrative in the highly competitive insurance market. Prior to this, PNB MetLife had multiple agencies handling its creative mandate. However, with the consolidation, Cheil X India...
TCS enables ICICI Lombard to deliver a fully automated multi-region disaster recovery on the AWS cloud.
ICICI Lombard, a leading insurance company in India, has successfully implemented a fully automated AWS multi-region disaster recovery switchover with the help of Tata Consultancy Services (TCS). This achievement establishes ICICI Lombard as one of the first insurance companies in India to achieve fully automated multi-region resilience on the Amazon Web Services (AWS) Cloud. The disaster recovery solution is designed to ensure business continuity in the face of unexpected disruptions and...
- Enhanced Risk Assessment: AI-powered algorithms analyze large amounts of data to better assess individual health risks, allowing for more accurate premium calculations and personalized policy offerings.
- Streamlined Claims Processing: Telemedicine and AI-driven systems automate claims processing, reducing administrative burdens and enabling faster reimbursement for policyholders.
- Personalized Wellness Programs: AI-driven health insurance platforms provide tailored wellness recommendations and preventive care advice, promoting healthier lifestyles and reducing the likelihood of costly medical interventions.
- Virtual Health Services: Telemedicine integrates with health insurance to offer virtual consultations, expanding access to care and reducing costs associated with in-person visits.
- Data-Driven Underwriting: AI analyzes extensive datasets to identify high-risk factors, enabling insurers to make more informed underwriting decisions and adjust premiums accordingly.
- Improved Patient Engagement: AI-powered chatbots and telemedicine platforms facilitate patient-insurer interactions, enhancing communication and fostering a more collaborative approach to healthcare management.
- Predictive Analytics for Disease Management: AI-driven predictive models identify patients at risk of developing chronic conditions, enabling proactive interventions and reducing long-term healthcare costs.
- Increased Transparency and Accessibility: AI-powered health insurance platforms provide policyholders with easy access to claims information, coverage details, and personalized health advice, promoting transparency and empowering informed decision-making.
The healthcare industry has undergone significant transformations in recent years, driven by the advent of artificial intelligence (AI) and the digital revolution. One of the key advancements in healthcare services is the emergence of telemedicine, which enables medical services to be delivered remotely through telecommunications technology, such as mobile phone networks. The integration of AI and telemedicine is poised to revolutionize the healthcare industry in the near future. Telemedicine...
Davos 2025: Bajaj Allianz can withstand turbulence, Allianz withdrawal not a concern, says CEO Tapan Singhel
At the Davos 2025 summit, Tapan Singhel, CEO of Bajaj Allianz, expressed confidence in the company's ability to withstand any turbulence in the market. This comes amid concerns over the withdrawal of Allianz, the German partner of Bajaj Allianz, from the Indian market. Singhel downplayed the impact of Allianz's withdrawal, stating that it is not a cause for worry. According to Singhel, Bajaj Allianz has a strong foundation and a well-diversified business, which will enable it to navigate any...
HDFC ERGO marketing head Shilpa Desai joins Adfactors
Adfactors PR, a leading public relations firm, has announced the appointment of Shilpa Desai as Senior Vice-President of Digital and Innovation for its Banking, Financial Services, and Insurance (BFSI) and Capital Markets practices. This strategic move aims to strengthen the firm's market-leading position in these sectors. Shilpa will work closely with the founders and leadership team to design and drive initiatives that enhance digital capabilities, integrate data-driven insights, and build...
Star Health’s latest campaign draws a stark line between care and crisis
Star Health Insurance has launched a new campaign film that highlights the emotional and financial struggles faced by families without health insurance. The film, released after World Insurance Day, uses a split-screen narrative to contrast the experiences of the same family with and without health insurance. On one side, the family is shown struggling with long hospital queues, delayed treatment, and financial stress, while on the other side, they are able to access priority consultations,...
A consumer panel has ruled against an insurance firm, ordering it to make a payout to a car owner in Pune.
The State Consumer Disputes Redressal Commission has upheld a decision in favor of a customer, Mansi Joshi, whose insurance claim for an accident-damaged vehicle was rejected by The New India Assurance Company. The insurance company had rejected Joshi's claim on the grounds that the vehicle's license had expired, despite the accident not being caused by the driver's actions. The Pune District Consumer Disputes Redressal Commission had earlier directed the company to pay the insurance amount...
Meet Tata AIA Health Buddy: Your New Virtual Health & Wellness Partner
Tata AIA Life Insurance has introduced "Tata AIA Health Buddy", a 24x7 health and wellness companion that provides comprehensive support to individuals and families in India. The service is designed to go beyond traditional life insurance, offering a range of health and wellness services that cater to the diverse needs of consumers. With Health Buddy, Tata AIA aims to be a true partner in everyday well-being, helping consumers stay prepared for life's uncertainties while promoting healthier,...
ABCDL has received an in-principle approval to operate as an online payment aggregator.
Aditya Birla Capital Digital Ltd. (ABCDL) has received in-principle approval to operate as an online payment aggregator. This approval was granted under the Payment and Settlement Systems Act, 2007, and was announced by the company through an exchange filing on Tuesday. As a result, ABCDL will be able to provide online payment aggregation services, facilitating transactions between consumers and merchants. Aditya Birla Capital Ltd. (ABCL) is the parent company of ABCDL and is a non-banking...
US health insurance costs are expected to drastically increase due to the Trump administration’s newly implemented policies, which appear to be an attack on workers’ access to medical care.
The United States is facing a healthcare crisis as insurance costs are expected to rise sharply at the end of the year. The expiration of Affordable Care Act (ACA) marketplace subsidies and a $930 billion cut to Medicaid funding by the One Big Beautiful Bill Act (OBBBA) will undermine the health coverage of tens of millions of people. The Democrats are pledging to block passage of a spending resolution if Republicans do not make concessions on the ACA enhanced subsidies or restore Medicaid...
Bajaj Allianz Life has announced a record bonus of ₹1,833 crore for its policyholders for the financial year 2025.
Bajaj Allianz Life, a private life insurer, has declared a bonus for the 24th consecutive year, demonstrating its commitment to delivering value to customers through effective fund management and surplus distribution. The bonus will be distributed to policyholders of the company's traditional participating products, including Bajaj Allianz Life Ace, Bajaj Allianz Life Ace Advantage, and Bajaj Allianz Life Elite Assure. These plans are designed to provide long-term savings and life cover, and...
Edelweiss AMC has partnered with Snowflake to modernize its data architecture.
Edelweiss Asset Management Company (Edelweiss AMC) has partnered with Snowflake to modernize its data architecture, leveraging Snowflake's AI Data Cloud to improve risk management, security, and regulatory reporting. Prior to this partnership, Edelweiss AMC was using legacy databases and fragmented data silos, which led to reporting delays and slow integration of new data sources. With Snowflake, Edelweiss AMC has unified its data into a single, cloud-native environment, enabling the company...
Eight of the top 10 firms saw their market capitalization increase by a combined Rs 1.69 lakh crore, with Bajaj Finance leading the gains, while LIC and HUL were the only two to lose value.
The market capitalization (M-cap) of the top-10 firms in India witnessed a significant surge, with eight out of the ten companies adding a staggering Rs 1.69 lakh crore to their cumulative valuation. Bajaj Finance emerged as the leader of the rally, with its M-cap soaring by Rs 34,423.92 crore to reach Rs 4,51,941.92 crore. The other major gainers included HDFC Bank, whose M-cap rose by Rs 29,483.85 crore to Rs 9,32,921.85 crore, and ICICI Bank, which saw its valuation increase by Rs 23,144.55...
Former Aviva and Zurich tech leader joins Davies as group CIO
Davies, a leading provider of technology and operations solutions to the insurance and financial services industries, has announced the appointment of a former Aviva and Zurich technology leader as its new Group Chief Information Officer (CIO). The move is expected to strengthen Davies' technology capabilities and support the company's continued growth and expansion. The newly appointed Group CIO brings a wealth of experience to the role, having previously held senior technology positions at...
A former official of United India Insurance has been sentenced to 4 years imprisonment for involvement in corruption.
A Special Judge for CBI Cases in Vijayawada, A. Sitarama Krishna Rao, has convicted Kola Rama Narasimham, a Development Officer at the United India Insurance Co. Ltd.'s Kandukuru Branch, in a corruption case. Narasimham was found guilty of demanding a bribe of ₹10,000 from a complainant in exchange for forwarding an insurance claim file related to the death of a buffalo to the Divisional Office in Guntur. The complainant had allegedly been asked to pay the bribe by Narasimham, who was abusing...
Bajaj Allianz General Insurance, Tata AIG, and United India have joined CRED Garage as insurance partners.
CRED, a fintech platform, has expanded its selection of motor insurers on CRED garage to include Bajaj Allianz General Insurance, Tata AIG, and United India Insurance. This brings the total number of curated insurance providers on the platform to seven, including ACKO, ICICI Lombard, Zurich Kotak, and Digit. CRED members can now evaluate and choose from India's leading motor insurance providers in one place. CRED garage has enabled members to insure over 10 lakh vehicles without coverage...
Star Health Insurance has settled claims worth over Rs 2800 crore in Karnataka over the last 5 years.
Star Health Insurance, a leading health insurance provider in India, has announced that it has settled claims worth over Rs. 2800 crore in Karnataka over the last five years. This significant achievement demonstrates the company's commitment to providing comprehensive health insurance coverage to its customers in the state. The settlement of claims worth Rs. 2800 crore is a testament to Star Health Insurance's robust claims processing system, which ensures that policyholders receive timely and...
AHPI urges health insurance companies to revoke suspension and develop affordable and sustainable models.
The Association of Healthcare Providers - India (AHPI) has urged health insurance companies to restore cashless hospitalization services to policyholders. Thousands of policyholders in India are currently without access to cashless hospitalization due to disputes between hospitals and insurance companies. AHPI Director General Dr. Girdhar Gyani stated that the association has asked insurance companies to revoke the suspension of cashless services at hospitals that were removed from their...
ICICI Prudential Life has reported a claim settlement ratio of 99.60% for the first quarter of the fiscal year 2026.
ICICI Prudential Life Insurance has achieved a notable milestone in the insurance industry, declaring a claim settlement ratio of 99.60% for the period from April 2025 to June 2025. This ratio is the highest in the industry, showcasing the company's commitment to efficiently processing claims. The average time to settle a non-investigated death claim was a mere 1.1 days, demonstrating the company's dedication to providing prompt service to its customers. According to Amish Banker, Chief...