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Mis-selling continues to be a key concern in the insurance sector, with the regulator asking insurers to dig deeper into the root causes behind such practices, according to the latest annual report of the Insurance Regulatory and Development Authority of India (Irdai).While the total number of grievances against life insurers remained largely unchanged at 1,20,429…
The Reserve Bank of India has flagged emerging structural pressures in the insurance sector, warning that premium growth is increasingly being driven by high-cost, distribution-led strategies rather than improvements in operating efficiency, even as the sector remains stable in the near term, according to its latest Financial Stability Report.“While posing no near-term systemic risks, the…
Millions of Americans face higher healthcare costs as enhanced Affordable Care Act tax credits expired on January 1, 2026, despite efforts from both Republicans and Democrats to find a solution. The expiration affects over 20 million people who rely on these subsidies, with average premium costs more than doubling for most enrollees.The subsidies were part…
MUMBAI: The Irdai on Friday, fined Reliance General Insurance Rs 1 crore in Hyderabad for routing unauthorised payouts through marketing and awareness expenses that amounted to disguised commissions. The penalty follows Irdai’s examination of transactions across FY19, FY20 and FY21. According to the regulator, the insurer channeled payments to brokers, agents, corporate agents and unlicensed…
MUMBAI: The amendment to insurance laws is expected to trigger a fresh round of consolidation and deal-making in the sector, alongside new capital inflows following govt’s decision to permit 100% foreign direct investment.Apart from opening the door to higher foreign ownership, the new bill seeks to widen consolidation options by allowing insurance companies to amalgamate…
Driving the news While the political headlines from the Winter Session focused on the usual parliamentary theatrics, Parliament quietly passed a legislative package that fundamentally alters the DNA of your personal finances.In a matter of days, the rules governing how you insure your life, save for retirement, and invest in the market were rewritten. The…
MUMBAI: The central board of Reserve Bank of India has approved a proposal to move to a risk-based pricing system for deposit insurance, marking a shift from the uniform premium currently charged to banks under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme.Announcing the banking reform measures alongside the monetary policy decision in Oct,…
Patrick Mahomes (Getty Images) The Kansas City Chiefs are facing a rare moment of uncertainty. With Patrick Mahomes sidelined after knee surgery, the franchise that has defined consistency for a decade is suddenly forced to think short term and long term at once. The rest of the 2025 season may drift by quietly, but the…
NEW DELHI: The Parliament on Wednesday cleared the new insurance bill that allows 100% FDI. The “Sabka Bima Sabki Raksha Bill” was passed in Rajya Sabha, a day after getting Lok Sabha’s nod. This comes despite several Rajya Sabha opposition members’ demands that it’s referred to a Parliamentary committee fir further scrutiny. The members also…
The government on Tuesday introduced the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 in Parliament, but what could it mean for you? The Bill, already cleared by the Union Cabinet, aims to revolutionise India’s insurance sector, making coverage easier to access for all and setting the ambitious goal of universal protection by…
