India’s insurance buying is shifting to a new digital marketplace, one product line at a time. Bima Sugam, the digital insurance marketplace operated by the not-for-profit Bima Sugam India Federation under the IRDAI regulatory framework, entered its second phase in August, bringing motor policy renewals and health insurance into the
Financial planning in India often involves balancing long-term security with disciplined savings. For risk-averse investors who are looking for some kind of guaranteed returns and to secure the capital, an endowment plan is the one option that comes to mind. But it is not easy to choose the best endowment plan. You
Health insurance covers a wide range of medical expenses. You must have noticed that in policy documents, there is a term called waiting period. This number varies from policy to policy and can last anywhere from 30 days to 3-4 years, depending on certain conditions. Have you ever wondered why
Most people in India have health insurance today, yet only a few actually understand the meaning of its terms. It is important that you go through the terms and conditions properly in order to assess whether the specific health insurance policy is actually right for you, or not. One such
Insurance buyers usually start with the premium, sum insured and list of benefits. Yet some of the most revealing numbers sit deeper in an insurer’s financial disclosures, and recent 2026 figures show why they deserve a closer look. For example, General Insurance Corporation of India (GIC Re) reported a solvency
The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory for insurance intermediaries to identify the authorised salesperson who sold a policy, in a move aimed at improving accountability and traceability in the insurance distribution chain. The requirement, approved at IRDAI’s 137th Authority meeting on July 28
The 100% FDI reform is opening India’s insurance sector to new players, including ProTec, Prudential HCL and the Jio-Allianz venture. As competition grows, policyholders need to look beyond the brand name before choosing an insurer. India’s insurance market is entering a new phase as global insurers and new Indian ventures
On June 8, 2026, the National Health Authority of India signed an MoU with the Department of Health & Family Welfare, Government of West Bengal, extending Ayushman Bharat (PM-JAY) health assurance benefits to about 15 million families, including low-income families, elderly persons, and frontline workers in the state. Rolled out
Kolkata: West Bengal formally launched the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) on 16 August. The scheme opens free cashless hospitalisation cover of up to ₹5 lakh per family a year across the state. Chief Minister Suvendu Adhikari launched the scheme at Netaji Indoor Stadium in Kolkata
India’s insurance market is set for a sharp acceleration over the next five years, with real premium growth projected at 6.9% annually between 2026 and 2030, according to Swiss Re Institute. This growth rate would place India ahead of other major insurance markets, including China, the US and Western Europe.
