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.
In India while working men's protection quotient has risen to 50 (from 47 in IPQ 6.0), women's protection quotient score remains at 48 according to the seventh edition (IPQ7.0) of Axis Max Life Insurance's India Protection Quotient (IPQ) study.
Insurers have eased the claims settlement process for families of victims of the Air India plane that crashed in the Indian city of Ahmedabad on 12 June.