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
The New India Assurance Company reported a standalone net loss of ₹257 crore for the quarter ended June 30, 2026, reversing a ₹391 crore profit recorded during the corresponding quarter last year, as underwriting pressures weighed on its first-quarter performance. The insurer’s combined ratio deteriorated to 121.44% from 116.16% a
Life Insurance Corporation of India (LIC) reported a 22.81% year-on-year rise in standalone profit after tax to ₹13,492 crore for the quarter ended June 30, 2026. The insurer’s total premium income also increased 6.75% to ₹1.27 lakh crore during the quarter. The quarterly performance comes as LIC faces increasing competition
The Insurance Regulatory and Development Authority of India (IRDAI) has notified regulations governing the Policyholders’ Education and Protection Fund, creating a dedicated mechanism to finance initiatives aimed at strengthening consumer protection, insurance awareness, financial inclusion and grievance redressal across the insurance sector. The regulations were notified on July 30, 2026,
The Insurance Regulatory and Development Authority of India (IRDAI) has finalised a new framework for third-party administrators (TPAs) handling health insurance services, replacing the earlier registration cycle with a continuing registration structure linked to annual compliance and fees. The IRDAI (Third Party Administrators – Health Services) (Amendment) Regulations, 2026 were
Second-hand vehicle purchases are common in India mostly due to affordability. When you buy a used vehicle, you must make sure to collect all necessary documents. The list includes insurance papers. As the vehicle’s ownership is transferred, the previous owner’s policy becomes invalid, and the insurance is to be transferred
A lot of people these days want to find options that they feel are safe and predictable. The thing about market-linked investments is that they can give you returns, but at the same time, they are not always certain. This often leads to confusion while choosing where to invest. Endowment
When most people in India begin thinking about investing for the long term, two options consistently come up in the same breath: ULIPs and mutual funds. They both involve market-linked investments. They both come with tax implications. And yet they are fundamentally different products built on different assumptions about what
India’s health insurance sector is heading for a reset, with the potential introduction of standardised treatment rates, expanded coverage, and a nationwide claims exchange platform, according to a Reuters report from August 2026. Discussions are underway to strengthen risk-protection systems and help Indian households tackle rising medical inflation. Wide-ranging reforms
