Air India crash creates rare insurance dilemma: Nominees also among dead

The devastating Air India 171 plane crash, which claimed 241 lives on board and 29 on the ground, has created an unforeseen challenge for insurance companies to settle some claims where even the......

Is Health Insurance Tax Relief Coming?

Full exemption for all health insurance premiums and reinsurance or a reduction in the GST rate from 18% to 5% on health insurance services is likely. Illustration: Uttam Ghosh/Rediff.com  ......

IRDAI removes age limits on health insurance, huge relief for seniors

The Insurance Regulatory and Development Authority of India has removed the age cap on buying health insurance policies, effective from April 1, 2024. Image used for representational purpose only.......

'Shocking That PM Gave Investing Advice'

'Somebody was using somebody to make statements that will stir the stock market and lead to a surge.''A sudden surge and a sudden crash is always an ideal situation for people to make illicit gains......

LIC Hits Back At USTR Bias Claim

LIC said USTR's views are based on an incomplete understanding of Indian insurance regulation and LIC's functioning. Photograph: Dado Ruvic/Illustration/Reuters   State-owned Life Insurance......

An insurer can now effectively manage market volatility

The Insurance Regulatory and Development Authority of India’s (Irdai’s) decision to allow insurers to hedge risks through equity derivatives will help them manage market volatility and......

Two Insurers Announce Investment In Bima Sugam

New India Assurance and Niva Bupa have invested in the Bima Sugam India Federation. IMAGE: Debasish Panda, chairman, Irdai. Photograph: ANI Photo The suspense as to the amount raised and the list......

Can Insurers Invest In Bima Sugam India?

'Investment by insurers in the Bima Sugam India Federation is illegal as it is a private limited company.' Illustration: Uttam Ghosh/Rediff.com   Questions are raised by insurance industry......