ULIP full form in income tax is the unit-linked insurance plan. It is a hybrid product that blends insurance protection with market-linked returns and comes with specific tax implications. Considering the hybrid structure, the tax treatment can be more complex than traditional insurance plans. Knowing the applicable tax rules, deductions,
ICICI Lombard General Insurance reported premium income of ₹2,190 crore in August 2026, up 0.36% from ₹2,182 crore in the same month last year. The insurer’s premium growth remained modest even as the broader non-life insurance industry recorded stronger growth during the month. ICICI Lombard’s market share declined to 8.8%
India’s health insurance industry is moving towards more personalised solutions, with technology and generative AI creating scope for products and policy experiences tailored more closely to individual customer needs, according to Niva Bupa’s Ankur Kharbanda. That was the message from Ankur Kharbanda, executive director and deputy chief executive of Niva
Buying insurance online can take only a few minutes. But a carefully designed app or website can influence what you buy, what you pay and how easily you can change your mind. These tactics are known as dark patterns and are deceptive or manipulative design practices. In April 2026, the
In a press release issued on 2 April 2026, the IRDAI highlighted the need for regulated insurance entities to comply with the Guidelines on Prevention and Regulation of Dark Patterns (as issued by the Central Consumer Protection Authority or CCPA), especially if they provide products on e-platforms. The industry regulator
What percentage of health insurance do employers pay? There is no single fixed percentage for every employer, especially in India. Some companies pay the full premium for employee-only group health insurance. Some share the cost with employees. Others pay for employee cover but require staff to contribute towards parents, higher
ICICI Prudential Life Insurance has upgraded its digital distribution platform with artificial intelligence (AI), deeper partner integrations and automated services, as insurers increasingly use technology to simplify product selection, customer onboarding and policy servicing. The insurer has introduced “ICICI Life Partner Stack 2.0”, an upgraded platform designed to support advisors
Amazon Pay India launched health insurance on 10 September 2026, in partnership with HDFC ERGO, adding to the motor cover it already distributes through ACKO and ICICI Lombard. CEO Vikas Bansal said that travel insurance is next. Amazon Pay itself doesn’t underwrite any of these policies; it’s a registered distributor,
According to industry data and as reported by Business Standard, non-life insurers have registered a sharp rise in underwriting losses for FY26. Spiking from ₹302.88 billion in FY25 to ₹452.79 billion in FY26, a 50% rise has been noted. Among these, United India Insurance recorded the heaviest bulk with a
India’s general insurance industry reported a sharply higher underwriting loss in FY26 even as premium collections grew. For households, the pressure is most visible in health renewals and motor own-damage pricing. India’s general insurance industry recorded an, while gross written premium grew 9.3% to around ₹3.36 lakh crore. The industry’s
