September 2, 2026

India’s medical inflation is becoming a growing concern for households reviewing their health insurance, with industry estimates placing annual medical-cost increases at around 12-14%. Rising hospitalisation and treatment expenses could gradually reduce the adequacy of existing covers, particularly for families relying on fixed sums insured over several years. The issue

ICICI Prudential Life Insurance is set to adopt a new corporate identity as ICICI Life Insurance Limited, following a proposed change linked to Prudential Corporation Holdings’ restructuring of its India insurance business. The move has raised questions among existing policyholders about their policies and benefits. The company’s board approved the

Fire insurance premiums fell nearly 31% year-on-year in July, extending a sharp decline in the segment as insurers compete aggressively for business. The latest fall has opened a potentially favourable pricing window for property owners reviewing their insurance protection. According to industry data reported by the Economic Times, fire insurance

The government has prepared new enterprise-level Key Performance Indicators (KPIs) for state-owned general insurers for FY27, as reported by Business Standard. The move aims to lower the Incurred Claims Ratio (ICR), which shows how much of the money collected as premiums insurers pay out in the form of claims, to

Life Insurance Corporation of India (LIC) has launched two new life insurance plans, LIC’s Bima Platinum and LIC’s Jeevan Raksha, marking its 70th anniversary on September 1, 2026. The two products target distinctly different customer requirements, covering savings and protection. LIC Chairman and Managing Director R. Doraiswamy unveiled the plans