General Insurance Corporation of India Q4 Results: The General Insurance Corporation of India (GIC Re), a premier reinsurance company, reported its financial results for the quarter ended March 2025. The corporation witnessed a modest decline in its consolidated net profit by 3.16%, clocking in at Rs 2,498.86 crore compared to Rs 2,580.42 crore in the…
SBI Card to Withdraw Complimentary Air-Accident Insurance on Select Cards: In a major policy shift, SBI Card has announced that it will discontinue the complimentary air accident insurance benefit on several of its popular credit card variants starting July 15, 2025. The news surfaced through multiple user posts on the social media platform X (formerly…
Motor Insurance in India: India’s motor insurance industry is witnessing a paradigm shift, thanks to recent regulatory reforms spearheaded by the Insurance Regulatory and Development Authority of India (IRDAI). These transformative changes aim to simplify, standardize, and modernize the motor insurance ecosystem to make it more consumer-centric and technologically advanced. With the rise of connected…
Air India Crash Insurance Coverage: In the aftermath of the tragic Air India crash in Ahmedabad, a pressing question has emerged among travelers and the aviation industry alike: what does airline insurance actually cover, and how long does it take for claims to be settled? According to Sourav Biswas, the Business Head of Aviation Insurance…
UPI Leads the Charge as Most Preferred Insurance Premium Payment Method: The Indian insurance landscape is undergoing a digital revolution, and at the heart of this transformation lies the Unified Payments Interface (UPI). According to the latest insights from Policybazaar, UPI has emerged as the most preferred payment mode for insurance premiums, capturing a substantial…
Gulf Tensions & Marine Insurance: Rising geopolitical tensions in the Gulf—particularly around the Strait of Hormuz—are significantly reshaping the landscape of marine insurance. The recent conflict triggered by US airstrikes on Iranian nuclear facilities has sparked fears of Iran retaliating by blocking the Strait of Hormuz, one of the world’s most vital oil and shipping…
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….
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…
Insurers Struggle : The Insurance Regulatory and Development Authority of India (IRDAI) has imposed strict obligations on general insurance companies to expand their coverage in the motor third-party (TP) insurance segment. Insurers with a 5 to 10 percent share in the Motor TP market are required to increase their insured vehicles by 7.5 percent compared…
