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.
The Air India plane crash in India in June, is likely to have a major impact on global aviation insurance premiums that are expected to rise by up to 30%, reported Bloomberg.
Tata AIA Life Insurance has launched two new funds - Tata AIA Top 200 Alpha 30 Index Fund and Tata AIA Top 200 Alpha 30 Pension Fund - providing opportunity to grow wealth and secure future through life insurance-linked investment products.