Government to Enable Value-Added Services in Insurance: In a significant move aimed at modernizing and broadening the scope of the insurance sector in India, the Ministry of Finance is expected to introduce a key amendment to the Insurance Act during the upcoming Monsoon Session of Parliament in July 2025. The amendment seeks to formally allow…
Tamil Nadu Government Extends New Health Insurance: In a significant move to ensure continued healthcare protection for its workforce, the Tamil Nadu government has extended the New Health Insurance Scheme (NHIS), 2021 by another year. Initially set to expire on June 30, 2025, the scheme will now remain in force till June 30, 2026, offering…
Health Insurance in India Must Be Inclusive: India’s health insurance landscape has seen rapid evolution, yet several disparities remain unresolved. Health insurance accounted for a massive ₹1.18 lakh crore premium in FY 2024-25, forming about 36% of India’s general insurance premium. But a closer look at the data shows troubling asymmetries—both in terms of premium…
Govt to Bring Open Architecture for Individual Insurance Agents: In a significant move towards liberalizing and modernizing India’s insurance sector, the Indian Government is all set to introduce an open architecture model for individual insurance agents. The proposal comes as part of the upcoming Insurance Act Amendment Bill, aiming to unlock new opportunities and bring…
Galaxy Health Insurance Launches: Galaxy Health Insurance, one of India’s fastest-growing standalone health insurers, has unveiled its flagship health insurance plan, Galaxy Marvel, in collaboration with Policybazaar, India’s leading digital insurance aggregator. This new offering stands out by targeting health-conscious consumers with wellness-linked benefits, extensive coverage options, and digital-first features. The partnership allows the plan…
Caring for Your Parents from Afar: Living away from your ageing parents is a deeply emotional experience, especially for Non-Resident Indians (NRIs). While video calls, messages, and occasional visits help bridge the emotional gap, one crucial aspect that often keeps NRIs worried is their parents’ healthcare needs. With age, medical requirements become more frequent and…
Impact of Climate Change on Insurance: Climate change is no longer a distant threat—it is a present-day reality affecting individuals, communities, and industries globally. In India, the insurance sector is facing increased pressure due to a rise in extreme weather events such as Cyclone Amphan, the devastating floods in Assam and Kerala, and the intense…
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…
How Artificial Intelligence Controls Your Health Insurance Coverage: Over the last decade, artificial intelligence (AI) has dramatically reshaped multiple industries, and health insurance is no exception. Unlike doctors or hospitals that use AI to diagnose illnesses, predict outcomes, or tailor treatment plans, health insurance companies are deploying AI in a far more consequential way: to…
