Banks & Insurance Mis-selling: In a significant move aimed at protecting Indian consumers from misleading financial practices, the Department of Financial Services (DFS) Secretary M Nagaraju has issued a stern warning to banks regarding the mis-selling of insurance products. Addressing an event announcing a strategic partnership between the Central Bank of India and Generali Group…
SBI Card Major Policy Update: In a significant shift affecting lakhs of SBI credit cardholders, SBI Card has announced crucial changes to its credit card policies, effective from July 15, 2025. These updates mark the discontinuation of complimentary air accident insurance for several premium and co-branded cards, along with a revamped structure for minimum due…
Aviation Insurance Premiums Set to Rise in 2025: 2025 has taken a grim turn for global aviation, with over 480 air fatalities reported—marking the deadliest year in over a decade, according to the Virginia-based Flight Safety Foundation. The recent tragic crash of Air India AI 171 near Ahmedabad airport has been the latest in a…
79% Indians Unsure About Adequate Insurance Coverage: A recent report by leading InsurTech firm CoverSure has revealed an alarming reality: a staggering 79% of Indian policyholders are uncertain if their insurance coverage is sufficient. Despite owning life, health, and motor insurance policies, most individuals remain unaware of what their plans actually cover. This points to…
Best Commercial Property Insurance in 2025: In today’s dynamic and often unpredictable business environment, safeguarding your commercial assets is not just a smart move—it’s essential. Fires, storms, theft, vandalism, and other unforeseen disasters can severely impact a business’s property and halt operations entirely. That’s where commercial property insurance comes into play, providing critical coverage for…
Insurance Awareness Day 2025: National Insurance Awareness Day, celebrated annually on June 28, plays a crucial role in educating individuals about the importance of insurance in modern life. As we navigate an unpredictable world filled with risks—from natural calamities to health emergencies—insurance provides the financial backup needed to safeguard our assets, income, and loved ones….
This Week in Insurance: The Asia-Pacific insurance landscape witnessed significant developments during the week of May 19–23, 2025. Two prominent leadership changes at Prudential plc highlight a strategic push to strengthen operations across emerging markets. Naveen Tahilyani has been appointed as the Regional CEO overseeing India, Africa, the Philippines, Cambodia, Laos, and Myanmar, effective July…
ZhongAn Online P & C Insurance (HKG:6060) Surges 25%: In recent weeks, ZhongAn Online P & C Insurance Co., Ltd. (HKG:6060) has caught the eye of investors with a substantial 25% uptick in its share price. This surge comes after a volatile period where the stock saw fluctuating performance, raising both eyebrows and hopes among…
Insurers Likely to Prefer Bond Forwards: The insurance industry in India is witnessing a significant shift in interest-rate risk hedging strategies. The Insurance Regulatory and Development Authority of India (IRDAI) has recently allowed insurers to undertake bond forward transactions, a move that is expected to replace the traditional use of forward-rate agreements (FRAs). This regulatory…
