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…
Gift of Protection: As time passes, roles often reverse in the relationship between parents and children. The same father who once protected us from life’s uncertainties may now need that same shield. This Father’s Day, instead of a conventional gift, why not present him with something truly meaningful — the gift of insurance? In a…
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…
Barclays Upgrades Zurich Insurance Stock Rating: In a notable move that has caught the attention of global investors, Barclays (LON:BARC) has upgraded the stock rating of Zurich Insurance Group AG (ZURN:SW) (OTC:ZURVY) from Equalweight to Overweight, with a revised price target of CHF 255.00, up from the previous CHF 212.00. This strategic decision reflects a…
GST on Health Insurance Premiums: In a much-anticipated move, the central government is considering a proposal to reduce the GST on health and term insurance premiums from the current 18% to just 5%. This landmark decision could be finalized in the upcoming GST Council meeting, expected before the Monsoon Session of Parliament 2025. If implemented,…
SBI General Insurance: In a major leadership update, SBI General Insurance has appointed Mohd Arif Khan as the new Deputy Chief Executive Officer (Deputy CEO), marking a pivotal moment in the company’s ongoing transformation and expansion journey. With over 25 years of diverse experience in banking, primarily with State Bank of India (SBI), Khan brings…
Navigating Growth: The life insurance sector in India has exhibited robust growth, resilience, and adaptability in recent years, driven by rising awareness, evolving financial behavior, and macroeconomic shifts. As financial literacy spreads and people become increasingly conscious of the importance of financial security, life insurance policies are no longer viewed solely as tax-saving instruments but…
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…
Monsoon Mayhem and Flight Disruptions: As India braces for an early and intense monsoon, major cities like Mumbai, Thane, and Nashik are already experiencing torrential rains, lightning, and flooding. These harsh weather conditions disrupt not only daily life but also significantly impact travel plans, especially flights. Travelers are encountering unexpected delays, diversions, and cancellations, causing…
