Trump Abandons GOP’s Corporate Allies in Healthcare Plan – Politico
In a surprising move, President Trump has abandoned the GOP's traditional corporate allies in his new healthcare plan, instead embracing a more populist approach that prioritizes consumer interests over those of the healthcare industry. The plan, which aims to repeal and replace the Affordable Care Act (ACA), has left many Republican lawmakers...
For Allianz Services’ Ritu Gangrade Arora, her current role provides the largest canvas yet
Ritu Gangrade Arora, a seasoned insurance professional and avid painter, is embarking on a new venture in her career. At 52, she is returning to India to lead Allianz, a global insurance giant, in partnership with Jio Financial Services (JFSL), a subsidiary of India's largest conglomerate. This marks the third time in her career that Arora is...
Today marks the final day for residents in most states to choose their Affordable Care Act (ACA) health plans, all while a decision on subsidies remains pending.
The Affordable Care Act (ACA) health insurance marketplace is facing a critical deadline as the open enrollment window comes to a close in most states. Thursday marked the final day for individuals to select a health insurance plan, with about 10 states having later deadlines or extensions. This deadline is crucial for millions of small business...
Trump Unveils ‘Great Healthcare Plan’, Outlines Diverse Set of Initiatives
President Trump has unveiled his "Great Healthcare Plan", a collection of initiatives aimed at improving the US healthcare system. The plan, announced at a rally in North Carolina, is a grab bag of proposals that include expanding health savings accounts, increasing transparency in medical billing, and lowering prescription drug costs. Trump...
Today marks the last day for enrollment in ACA health plans in most states, amidst ongoing uncertainty over subsidy extensions.
Today marks the final day for individuals to select health plans under the Affordable Care Act (ACA) in most states. The deadline for open enrollment is December 15th, and with no subsidy deal yet in place, many are left wondering what the future of their healthcare coverage will look like. The ACA, also known as Obamacare, has been a topic of...
Massachusetts health insurance prior authorizations to face restrictions, according to Healey.
Massachusetts Governor Maura Healey has announced a comprehensive plan to make healthcare more affordable and accessible to residents. The plan includes updated insurance regulations that will eliminate prior authorization requirements for emergency and urgent care services, primary care, chronic care, occupational and physical therapy, and...
J&K Bank facilitates swift settlement of insurance claims worth Rs 1.94 Cr
The Jammu and Kashmir Bank has provided significant relief to 38 families who have lost their loved ones by settling insurance claims worth Rs 1.94 crore under its MetLoan & Life Suraksha (MLLS) product. The claims were facilitated by the bank's Anantnag Zone, and the symbolic cheque was presented to the beneficiaries during a ceremony. The event...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
The average value of a handbag and its contents has risen by approximately 33%.
The average value of a handbag and its contents has increased by 34% over the last four years, from £1,217 in 2021 to £1,633 in 2025, according to Aviva's claims data. This rise is likely due to people investing in more expensive handbags and valuables. The data also reveals that theft away from home accounts for almost half (49%) of all handbag...
Tata Consultancy Services (TCS) has expanded its partnership with Aviva UK, which now covers over 6.5 million policies.
Tata Consultancy Services (TCS) has expanded its partnership with Aviva, a UK-based insurance, wealth, and retirement provider, to manage an additional 1.1 million policies. This brings the total number of policies managed by TCS's subsidiary, Diligenta UK, to over 6.5 million. The expanded engagement is part of a 15-year contract worth $2.5...
Aviva Life Insurance won Product of the Year 2025 awards in the categories of Retirement Income and ULIP.
Aviva Life Insurance has been awarded the prestigious "Product of the Year 2025" in two categories: Retirement Income and Unit-Linked Insurance Plans (ULIPs). This recognition is a testament to the company's commitment to providing innovative and customer-centric products that cater to the evolving needs of its policyholders. The award is a...
A man’s £20,000 life insurance claim with Aviva has been rejected, despite his wife having only months to live, according to a report in The Times.
A devastating story has been reported by The Times, highlighting the distressing situation of a couple dealing with a terminal illness and a rejected life insurance claim. The wife, who has only months to live, had a £20,000 life insurance policy with Aviva, which was intended to provide financial support and comfort during this difficult time....
Ex-Aviva leader Cathryn Riley and Lloyd’s Dhruv Patel receive CBE honours
Two prominent figures in the insurance industry, Cathryn Riley and Dhruv Patel, have been awarded a Commander of the Order of the British Empire (CBE) in Britain's 2026 New Year Honours list. The awards were announced on January 2, 2026, and recognize their services to business leadership, inclusion, civic leadership, and charity. Cathryn Riley,...
Aviva’s protection sales have declined by 16%, despite the company reporting strong overall results.
Aviva, a leading insurance company, has released its half-year results for 2025, showing a mixed performance across its various business segments. Despite a 16% drop in protection sales, the company reported growth in its other businesses, with insurance, wealth, and retirement (IWR) sales rising 9% to £21.5 billion. Operating profit also...
Tesco partners with Aviva to provide life insurance to customers
Aviva, a leading insurance provider, has partnered with Tesco Insurance & Money Services to offer life insurance to Tesco shoppers and Clubcard members. This partnership will provide customers with access to affordable life cover, starting from £5 a month, while also benefiting from Tesco's customer rewards. The life insurance proposition will be...
Bajaj Allianz General Insurance transitions to Bajaj General Insurance
Bajaj Allianz General Insurance has undergone a rebranding and will now be known as Bajaj General Insurance. This change is part of a larger effort by Bajaj Finserv to rebrand its insurance businesses. The company's life insurance arm, previously known as Bajaj Allianz Life, has also been rebranded as Bajaj Life Insurance. The rebranding is seen...
- 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...
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...
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...
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...
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...
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...
Vodafone Idea has introduced a family travel international roaming plan, offering a discount of up to 25% for specific users.
Vi, formerly known as Vodafone Idea, has introduced a unique international roaming (IR) offer targeted at family travelers. The telecom company is providing discounts on IR packs for secondary members on its Family Postpaid plans. Secondary members on Vi Family Postpaid plans will receive a 10% discount, while REDX Family subscribers will receive...
Aditya Birla Capital has strengthened Aditya Birla Housing Finance Limited (ABHFL) with an investment of Rs 249 crore.
Aditya Birla Capital Limited (ABCL) has invested Rs 249 crore in its subsidiary, Aditya Birla Housing Finance Limited (ABHFL), through a rights issue. This is the second infusion of funds into ABHFL, following a previous investment of Rs 300 crore. The additional capital will enable ABHFL to pursue new growth opportunities, expand its lending...
Momentum is considering an initial public offering (IPO) for its joint venture with Indian billionaire Kumar Mangalam Birla.
Momentum Group Ltd, a South African insurer, is considering an initial public offering (IPO) for its Indian venture, Aditya Birla Health Insurance Co. The company, which has $172 million in excess capital, plans to spend a third of this amount to expand its businesses in South Africa and add new services in India. Momentum's CEO, Jeanette Marais,...
India Post Payments Bank has partnered with Aditya Birla Capital Limited to enhance accessibility to loan products across the country.
India Post Payments
Aditya Birla Capital has achieved a milestone by becoming the first entity to integrate its financial services on the Open Network for Digital Commerce (ONDC) platform.
Aditya Birla Capital has become the first financial services company to integrate lending, insurance, and investments on the Open Network for Digital Commerce (ONDC). ONDC is a government initiative that aims to create an open and interoperable e-commerce network, promoting inclusivity and competition in digital commerce. By offering these...
Aditya Birla Sun Life Insurance introduces the Super Term Plan, offering a comprehensive protection package that includes life, health, and income protection features.
Aditya Birla Sun Life Insurance Company (ABSLI) has introduced a new term insurance policy called the Super Term Plan, which offers a comprehensive solution for customers seeking life cover, income protection, and health support. The plan provides three flexible coverage options: Level Cover, Increasing Cover, and Level Cover with Return of...
Aditya Birla Capital Wins 6 Metals at e4m NEONS OOH Awards 2025
Aditya Birla Capital, a leading financial services company, has won six metals at the e4m NEONS OOH Awards 2025 for its three standout campaigns: "Aap Boodhe Hoke Kya Banoge?", "Activ One – ABHI Karo", and "India, Ab Hadh Kar De". These campaigns were recognized for their impact and effectiveness in reaching their target audiences. The "Aap...
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ICICI Lombard and Mahindra Finance have entered into a partnership for the distribution of motor insurance products.
ICICI Lombard General Insurance, a leading private general insurer in India, has partnered with Mahindra & Mahindra Financial Services Limited, a prominent non-banking finance company, to offer motor insurance products to Mahindra Finance's customers. This collaboration aims to provide accessible and tailored insurance solutions by combining...
ICICI Lombard’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...