Fire insurance premiums in India fell to ₹8,087 crore in Q1 FY27, down from ₹11,206 crore a year earlier, a drop of nearly 28%. The fall follows months of heavy discounting on large industrial and commercial fire risks. IRDAI has now written to insurers warning that pricing must stay actuarial
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a Public Insurance Registry (PIR), a digital public infrastructure aimed at addressing information gaps across the insurance sector and improving access to policy, claims and grievance-related information. The regulator released a consultation paper on September 1, seeking stakeholder views
Fire insurance premiums in India fell 28.5% year-on-year between April and July 2026, driven by steep discounting and easy reinsurance capacity. With IRDAI warning against unsustainable pricing and insurers already absorbing underwriting losses, several general insurers are now expected to correct fire premiums upward. For a few years now, insuring
Bima Sugam, IRDAI’s digital insurance marketplace, is due to have motor, health and term insurance live by the end of September 2026. Motor renewals and health insurance began rolling out in August, but insurer integrations are still running behind, and reports through mid-August still described motor insurers as being in
InsuranceDekho and RenewBuy have completed the consolidation of their businesses, creating a pan-India insurance distribution platform with more than ₹6,600 crore in premium and over six lakh digital partners. The combined entity will operate under the InsuranceDekho brand, with Ankit Agrawal as chief executive officer. The companies said the merged
A valid insurance policy is a mandatory legal requirement for driving a vehicle in India. That said, this applies only to third-party coverage. A comprehensive car insurance policy becomes important as we think of broader coverage that protects you against third-party liabilities as well as keeping you shielded from expenses
Many car owners in India do not have a clear idea about the real cost of car insurance because the final price depends on several factors at once. For example, consider the car’s age, model, city, insured value and add-ons. These all can change the premium in different ways, which
In India, it is legally required for every vehicle to have a valid third party insurance car insurance. It is the minimum insurance requirement set by the Motor Vehicles Act, 1988 and protects you against legal liability if your vehicle causes injury, death, or property damage to a third party.
Motor insurance coverage acts as a much-needed financial relief in case of accidents, theft, and even natural disasters. You’re in luck if your vehicle is insured. All you have to do then is make an insurance claim to compensate for your losses. However, before the insurance company covers the damage,
Life insurance is a basic policy that offers financial security to your family upon your demise. But lots of policyholders and prospective policyholders are in the dark about how particular aspects of their lifestyle, most notably, drug use, can affect whether a claim on life insurance gets paid or denied, and
