When you join a new company in India, a health insurance policy often comes bundled with your offer letter, but most employees never read it until they actually need it. In employer health insurance, your company buys a group medical policy and pays some or all of the premium, which
Did you know that India issued .84 crore insurance policies in FY2024-25? Yet insurance penetration stood at only .7%, with life insurance accounting for 27%. That means insurance may be everywhere around you, but adequate protection still does not reach everyone. And if you look at the scale, India already
Buying health insurance often starts with a simple question, “How much will the policy cost?” The answer depends on a couple of different factors. Insurers do not randomly assign a premium to a health insurance policy. Your health insurance premium is calculated after assessing the expected risk associated with your
The way Indians buy insurance is changing fast. A few years ago, most people bought a policy through an agent they knew personally. Today, many people compare plans online before they even speak to anyone. This shift has brought three main routes into focus, and comparing Bima Sugam vs agent
The insurance market in India is noticing a higher spending pattern among existing policyholders but lower penetration. This highlights the need to push for widening access to underserved households. India’s insurance industry is entering a new phase after the government raised the foreign direct investment (FDI) limit in insurance companies
Five state-run insurers could realise gross proceeds of up to ₹5,650 crore from NSE’s IPO. LIC, the exchange’s largest shareholder, is retaining its 10.72% stake. Five public-sector insurers could realise sale proceeds of about ₹5,380 crore to ₹5,650 crore from the National Stock Exchange IPO, based on the final sale
India now has a state-backed answer to one of shipping’s most expensive risks. The Department of Financial Services (DFS), under the Finance Ministry, launched the country’s first sovereign-backed Protection and Indemnity (P&I) insurance product under the Bharat Maritime Insurance Pool (BMIP) at an event in New Delhi on 30 July
The latest suspensions leave Chandigarh commuters with only Sahkari Taxi Cooperative Limited’s Bharat Taxi, while drivers continue to flag concerns over fares, insurance and working conditions. Chandigarh has suspended the aggregator licences of Uber and Rapido for six months, citing continued violations of the Chandigarh Administration Motor Vehicles Aggregators Rules,
