InsurTech Plum, plans to invest INR200cr ($25m) for expansion of its healthcare vertical to deliver accessible, preventive, and personalised healthcare at scale.
The government of India has appointed Mr Ramachandran Doraiswamy as CEO and managing director of the Life Insurance Corporation of India (LICI) for a three-year term.
Bharti AXA Life Insurance has launched the Bharti AXA Life Guaranteed Bachat Plan, a new savings and protection product designed for middle-income Indians.
In India the Goods and Services Tax (GST) Council is likely to consider reducing or removing the 18% GST on life and health insurance premiums.
A majority (61%) of Indian millennials and GenZ see health insurance as an important part of their financial planning according to a new survey by an Indian general insurer.
Asia-Pacific life profitability outlook remains stable, though foreign exchange hedging costs may weigh on margins in Japan, says Swiss Re Institute (SRI) in a report on world insurance developments.
Insurance Regulatory and Development Authority of India (IRDAI), the Indian insurance regulator and the General Insurance Council of India (GIC), a body of the general and non-life Indian insurers, have begun talks with the federal government for the establishment of an independent healthcare regulator in the country according to a report by moneycontrol.com.
More than 90% of employees in India participating in a survey are confident that they can afford the healthcare needs for themselves and their families according to a new report.
Around two third of the policyholders participating in a survey said they have limited or no understanding of their insurance benefits and 60% of the dependents are unaware that they are even covered under any policy. The survey conducted by InsurTech CoverSure revealed that there is a significant gap between insurance ownership and coverage awareness among Indian policyholders.
Equitas Small Finance Bank (Equitas SFB) has entered into a new bancassurance partnership with local insurer Edelweiss Life Insurance.