IRDAI plans a basic health insurance policy and hospital scorecards. Here’s how these changes could impact claims, costs, and your coverage decisions.
Medical inflation in India is not the only factor affecting premium hikes. Let’s delve deeper into this conversation in this article.
On March 9, 2026, the IRDAI granted certificates of registration to Kiwi General Insurance Limited and Allianz Jio Reinsurance Limited.
Learn more about the US-Israel-Iran war and its impact on the Indian insurance market as a whole.
Ajay Seth, ex-Finance Secretary and senior IAS officer, is now IRDAI Chairman. He steps in amid key reforms—faster claims, simpler policies, and better support. His rich govt experience could drive more accessible, transparent, and fair insurance for all.
Jio Financial Services and Allianz have signed a 50:50 joint venture to enter India’s reinsurance market. The JV awaits IRDAI approval and marks Allianz’s full-fledged domestic entry, creating competition for GIC Re and foreign reinsurers while boosting India’s risk-sharing capacity.
IRDAI has flagged serious lapses in health claim handling by eight major insurers, including delays, wrongful rejections, and poor grievance redressal. With show-cause notices issued, policyholders can expect improved claim processes and stricter accountability going forward.
India may soon see an independent healthcare regulator as IRDAI and GIC push for hospital pricing reform. This move aims to control inflated bills, ensure fair treatment for insured patients, and bring much-needed transparency to the healthcare ecosystem.
AU Small Finance Bank has partnered with LIC to offer life insurance across 2,456+ branches, expanding access in rural India. This move supports the “Insurance for All by 2047” goal. Ditto helps simplify your choices—book a free, no-spam consult to find the right plan easily.
The Financial Services Institutions Bureau has recommended R Doraiswamy as the next MD & CEO of LIC. Currently, Sat Pal Bhanoo serves as interim chief until September 7, 2025, or until a permanent appointment is confirmed. Doraiswamy's appointment awaits final government approval.
Digit Life Insurance has made a strong debut, collecting over ₹1,300 crore in FY25. Backed by Go Digit’s brand and digital-first approach, its performance highlights a focus on group business and simplicity in insurance products. But is it enough to challenge India’s life insurance giants?
Sat Pal Bhanoo takes over as interim CEO & MD of LIC, following Siddhartha Mohanty’s exit. With full executive powers until September 2025, Bhanoo’s leadership comes at a crucial time as LIC eyes expansion and strategic shifts in India’s insurance landscape.
