The Insurance Regulatory and Development Authority of India (IRDAI) has held a discussion centred on strengthening policyholder protection, improving grievance redressal standards and addressing operational challenges faced by the insurance sector.
The Supreme Court of India has asked Indian Railways to explain why train passenger accident insurance cover is not available for those buying train tickets offline.
The World Bank's (WB) latest Financial Sector Assessment (FSA) report on India acknowledges that India's insurance sector development has been in line with the peers, says the insurance regulator IRDAI in a media statement.
Korean Reinsurance Company (Korean Re) has announced that it has received regulatory approval to establish a new branch in Gujarat International Finance Tech-City (GIFT City), India's first operational smart city and International Financial Services Centre (IFSC). The company plans to officially commence operations in April 2026.
Aditya Birla Sun Life Insurance Company Limited (ABSLI) has launched the ABSLI Vision Retirement Solution for retirees.
The central government, following its banking sector consolidations, is now preparing to merge insurance companies.
Ace Insurance Brokers has appointed Mr Arvind Laddha as President. In his new role, he will work closely with the Ace leadership team to strengthen emerging business lines, including employee benefits and other specialised verticals, and support Ace's network expansion nationally.
Eighty per cent of persons with disabilities in India have no health insurance and 53% of those who apply face rejection according to a national survey conducted by the National Centre for Promotion of Employment for Disabled People (NCPEDP).
The 3rd edition of the India Risk Report 2025 by ICICI Lombard and the Institute of Risk Management (IRM) - India affiliate highlights how technological disruption and global realignments are reshaping India's risk landscape, creating both vulnerabilities and opportunities.
Manulife Financial Corporation and Mahindra & Mahindra have signed an agreement to establish a life insurance joint venture (JV) in India, both holding an equal stake.