Insurance

Updated : Jul 10, 2026

Will using E20 petrol affect your motor insurance claim? Here's what policyholders should know

As E20 petrol becomes the new standard fuel across India, many motorists are worried whether using it could put their motor insurance claims at risk. Insurers and automakers, however, say policyholders have little reason to worry. Experts say motor insurance claims are determined by the cause of damage and policy terms, not simply by whether a vehicle runs on E20 fuel.

IRDAI is also evaluating a remuneration model that links distributor earnings to the effort involved in selling and servicing a policy.

Updated : Jul 9, 2026

Insurance commission overhaul: IRDAI's proposal can boost customer trust, curb mis-selling: Experts

The Insurance Regulatory and Development Authority of India (IRDAI) is considering a major overhaul of insurance distributor commissions by replacing large upfront payouts with staggered payments over the life of a policy. The proposed reforms aim to curb mis-selling, improve customer outcomes and align India's insurance distribution framework with global practices.

In home loan insurance, the policy term equals the outstanding tenure of the loan, and the sum assured reduces in line with the outstanding loan liability.

Updated : Jul 8, 2026

Taking a home loan? Here's how home loan insurance works and what to check before buying

Home loan insurance can protect your family from the burden of repaying the outstanding loan if the borrower dies during the loan tenure. Before opting for the policy offered by your bank, here's how home loan insurance works, whether it's mandatory, and the key factors you should compare.

BMIP is seen as strategically important for India’s maritime sector

Updated : Jul 7, 2026

Why shipowners are resisting Bharat Maritime Insurance plan

Launched with a $1.4-billion sovereign guarantee, India’s insurance pool aims to shield shipping from global volatility. But shipowners question why the cover should be compulsory.

Tier-2 and Tier-3 cities now contribute nearly two-thirds of Unlimited SI purchases, signalling growing demand outside metros.

Updated : Jul 3, 2026

Surat, Hyderabad outpace metros as Tier-3 India powers health insurance boom

According to Policybazaar data, Tier-3 cities accounted for 41.71% of all Unlimited Sum Insured (SI) health insurance purchases in FY27, overtaking Tier-1 cities, whose share declined to 33.28% from 51.31% in FY25.

Tata AIA has introduced Sampoorna Care – Cancer Fund, which combines cancer protection with a health-focused savings component

Updated : Jun 30, 2026

Sampoorna Care-Cancer: Tata AIA launches cancer cover with income replacement feature

Tata AIA Life Insurance has launched Sampoorna Care - Cancer and Sampoorna Care - Cancer Fund. The products are aimed at addressing income loss, treatment support and savings disruption after a cancer diagnosis.

65% of Gen Z are one major medical emergency away from financial instability, while only 35% rely on parental or employer-provided health cover.

Updated : Jun 27, 2026

51% of Gen Z invest but delay buying health insurance, leaving many financially vulnerable: Report

India's Gen Z is investing early in mutual funds and SIPs, but many are postponing one of the most important financial decisions— buying health insurance. A new Bajaj Capital report says this growing protection gap could leave young investors vulnerable to medical emergencies.

The sharp rise in accident risk after sunset is driven by reduced visibility, driver fatigue, higher speeds and increased chances of distracted or impaired driving.

Updated : Jun 24, 2026

India's deadliest driving hour is between 9 PM and 10 PM, new road safety report finds

Driving after 9 PM could be significantly riskier than any other time of the day in India, according to a new telematics-based road safety study. The report found that driving behaviour deteriorates sharply after dark, making the 9 PM–10 PM slot the country's most dangerous hour on the road.

According to ICICI Lombard, the matter relates to multiple MVC claims where investigators identified a recurring pattern suggesting possible manipulation of accident compensation cases.

Updated : Jun 24, 2026

Motor insurance fraud: ICICI Lombard flags suspected Karnataka racket, FIR registered against 9 individuals

ICICI Lombard has reported the registration of an FIR against nine individuals in Karnataka after uncovering an alleged motor insurance fraud network involving suspicious accident compensation claims. The insurer's investigation found recurring patterns across multiple cases, including alleged fabrication of accident details and misuse of insured vehicles to seek compensation.

The report found a sharp gap in customer satisfaction, with cashless claims scoring 86.7 out of 100 compared with 73.7 for reimbursement claims.

Updated : Jun 24, 2026

Cashless claims deliver better experience than reimbursement claims, finds report on health insurance

Cashless health insurance claims offer a significantly better experience for Indian policyholders than reimbursement claims, according to Policybazaar's inaugural Health Claims Experience (HCX™) Index.

Bharat Maritime Insurance Pool (BMIP) — launched recently could come to rescue in future for Indian seafarers

Updated : Jun 19, 2026

BT Explainer: How Bharat Maritime Insurance could protect Indian seafarers in conflict

The recent killings of Indian seafarers in the US strikes on commercial ships in the Gulf have drawn attention to European Protection & Indemnity (P&I) Clubs, and renewed debate over whether an indigenous insurance framework could facilitate rapid financial relief for the affected families.

According to the post, the family's ₹65,000 health policy claim was allegedly challenged after the brother's five-day hospital stay.

Updated : Jun 19, 2026

'Just normal fever...': Viral post on hospitalisation claim rejection triggers debate on health insurance

A woman's allegation that a health insurer rejected a claim for a five-day hospitalisation has sparked a heated debate on social media, with users sharing their own experiences with claim settlements. The viral post has reignited concerns over transparency and the gap between policy promises and claim outcomes.

The policyholder holds all rights and responsibilities under a life insurance policy, including the authority to change details such as nominations.

Updated : Jun 16, 2026

Separated from spouse? What happens to your life insurance policies and child plans

Separation does not automatically cancel life insurance policies, but your rights and benefits depend largely on who owns the policy. Experts say reviewing policy ownership, nominations and premium responsibilities is crucial to protecting your and your children's financial interests.

The average proportion of patients with abnormal results across the eight biomarkers rose from 9.4% in October 2025 to 10.6% in February 2026.

Updated : Jun 16, 2026

Could heatwaves be silently affecting your health? Data from 22,167 checkups offer these clues

Abnormal dehydration and blood biomarkers surged during the March-May heatwave period, with low magnesium levels rising 219% compared with winter months.

Term insurance should be planned like any long-term financial goal, with experts generally recommending coverage equivalent to 10-15 times an individual's annual income.

Updated : Jun 12, 2026

Is ₹1 crore enough? Why urban families may need ₹1.5 crore or more in term insurance

Rising living costs, medical inflation and growing financial responsibilities are changing how much life insurance Indian families need. According to Tata AIA Life Insurance, a ₹1 crore term cover may no longer be sufficient for many urban households, with ₹1.5 crore increasingly emerging as the new benchmark.

Financial liabilities do not automatically disappear upon a borrower's death. In certain circumstances, creditors can seek recovery from assets forming part of the deceased person's estate.

Updated : Jun 8, 2026

Your life insurance may not go to your family if you have outstanding loans. Here's why

Many Indians buy life insurance believing the death benefit will automatically secure their family's future. However, experts warn that if the policyholder dies with unpaid loans or personal guarantees, creditors may have a legal claim on the insurance proceeds unless adequate safeguards are in place.

Under current EDLI rules, the benefit is calculated based on the employee's salary, subject to prescribed limits.

Updated : Jun 5, 2026

How to ensure your family receives up to ₹7 lakh under EPFO's EDLI insurance scheme

EPFO members are entitled to a life insurance cover of up to ₹7 lakh under the Employees' Deposit Linked Insurance (EDLI) scheme at no extra cost. However, keeping e-nomination and personal records updated is crucial to ensure families receive the benefit without delays.

India's insurance market grew 9.4% in 2025, with premium income rising to ₹13.96 lakh crore ($145.9 billion) from ₹12.76 lakh crore a year earlier.

Updated : Jun 3, 2026

India set to be world's fastest-growing insurance market, premiums seen tripling by 2036: Report

India's insurance market is expected to be the fastest-growing among major global markets over the next decade, driven by rising protection needs, healthcare costs and regulatory reforms. Despite strong growth, low insurance penetration continues to offer significant headroom for expansion across life, health and general insurance segments.

The government has asked platform companies to link worker data with the e-Shram portal by June 22 to enable welfare benefits.

Updated : May 29, 2026

Accident cover to pension: What govt's social security push means for gig workers

The government is moving to extend social security benefits such as accident insurance, health coverage, maternity support and old-age protection to India's growing gig workforce. Platform companies have also been asked to integrate worker data with the e-Shram portal before the June 22 deadline to enable seamless

Despite the rapid EV growth story, petrol vehicles continue to dominate India’s insured vehicle mix with a 68.3% share, followed by diesel vehicles at 24.7%.

Updated : May 22, 2026

EV insurance saw explosive growth of 670% in FY26; Maharashtra leads adoption trend

India’s electric vehicle insurance market witnessed extraordinary growth in FY26, reflecting rising EV adoption and changing mobility preferences. A Policybazaar report showed EV insurance policies surged 670%, making it the fastest-growing segment in the motor insurance sector.

IRDAI proposes that salaries of insurance CEOs should be linked with customer outcomes

Updated : May 19, 2026

Link salaries of insurance firm CEOs with customer outcomes: IRDAI

Currently, compensation structures are largely tied to revenue, profit, and shareholder returns. IRDAI noted that these have failed to capture the long-term value created through positive customer outcomes.

Insurance

Will using E20 petrol affect your motor insurance claim? Here's what policyholders should know

Insurance commission overhaul: IRDAI's proposal can boost customer trust, curb mis-selling: Experts

Taking a home loan? Here's how home loan insurance works and what to check before buying

Why shipowners are resisting Bharat Maritime Insurance plan

Surat, Hyderabad outpace metros as Tier-3 India powers health insurance boom

Sampoorna Care-Cancer: Tata AIA launches cancer cover with income replacement feature

51% of Gen Z invest but delay buying health insurance, leaving many financially vulnerable: Report

India's deadliest driving hour is between 9 PM and 10 PM, new road safety report finds

Motor insurance fraud: ICICI Lombard flags suspected Karnataka racket, FIR registered against 9 individuals

Cashless claims deliver better experience than reimbursement claims, finds report on health insurance

BT Explainer: How Bharat Maritime Insurance could protect Indian seafarers in conflict

'Just normal fever...': Viral post on hospitalisation claim rejection triggers debate on health insurance

Separated from spouse? What happens to your life insurance policies and child plans

Could heatwaves be silently affecting your health? Data from 22,167 checkups offer these clues

Is ₹1 crore enough? Why urban families may need ₹1.5 crore or more in term insurance

Your life insurance may not go to your family if you have outstanding loans. Here's why

How to ensure your family receives up to ₹7 lakh under EPFO's EDLI insurance scheme

India set to be world's fastest-growing insurance market, premiums seen tripling by 2036: Report

Accident cover to pension: What govt's social security push means for gig workers

EV insurance saw explosive growth of 670% in FY26; Maharashtra leads adoption trend

Link salaries of insurance firm CEOs with customer outcomes: IRDAI

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