Insurance

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.

Bajaj Life said customers can obtain life cover of up to ₹2 crore without a physical medical examination, simplifying onboarding.

Updated : May 15, 2026

What does Bajaj Life Smart Secure ROP offer for insurance buyers?

Bajaj Life Insurance has launched Smart Secure ROP, a new plan that combines life protection with market-linked wealth creation and return-of-premium benefits.

Traditional retirement plans often focus on accumulating wealth through fixed deposits, mutual funds, pensions or other investments.

Updated : May 15, 2026

BT Explainer: How can joint life annuities help couples secure lifetime income?

As Indians live longer and retirement expenses continue to rise, ensuring a stable income after employment has become a critical financial priority. Joint life annuities are emerging as a retirement solution designed to provide couples with guaranteed income and long-term financial security.

The savings generated through NCB can become substantial over time, especially for vehicles with higher own-damage premiums.

Updated : May 13, 2026

Claim-free year can mean years of savings: Everything you need to know about no claim bonus

A claim-free year in car insurance can lead to substantial long-term savings through the No Claim Bonus (NCB), which reduces renewal premiums for careful drivers. Experts say understanding how NCB works can help policyholders decide when filing a claim is financially worthwhile.

The government said JANANI has already recorded over 1.34 crore beneficiary registrations, including more than 30 lakh pregnant women and over 30 lakh digital MCH cards generated.

Updated : May 10, 2026

Mother’s Day: What is Janani? All about India’s new maternal and child healthcare digital push

The platform was unveiled during the National Summit on Innovation and Inclusivity and is being positioned as an upgraded version of the government’s existing Reproductive and Child Health (RCH) portal.

The trends show global uncertainty is pushing Indians toward nearby destinations and higher insurance cover, though many still remain underinsured.

Updated : May 8, 2026

Is geopolitical uncertainty driving more Indians to buy travel insurance in 2026?

International travel insurance adoption among Indian travellers rose 22% YoY in 2026, according to Policybazaar.com. Yet, nearly 82% of Indian outbound travellers still skip travel protection, highlighting a major awareness gap.

Routine or preventive check-ups are not included, as travel insurance is meant for unforeseen medical needs during the trip.

Updated : May 8, 2026

Does travel insurance cover weather-related illness during foreign trips with children?

A sudden fever or viral infection during an overseas family holiday can quickly turn stressful, especially when travelling with children. Experts say comprehensive travel insurance can cover doctor consultations and medical treatment abroad, but policy terms matter.

The insurer also reported a major profitability milestone during the financial year, with its Value of New Business (VNB) turning positive for the first time.

Updated : May 6, 2026

Bharti AXA Life Insurance reports 44% growth in new business premium in FY26

Bharti AXA Life reported significant growth in its group business segment, led by strong traction in the Group Term Life (GTL) business. The company maintained a solvency ratio of 191% during FY26, comfortably above the Insurance Regulatory and Development Authority of India’s (IRDAI) minimum regulatory requirement of 150%.

Digit processed over 3.17 lakh health claim intimations during FY26 and paid 2.94 lakh health claims during the year.

Updated : May 6, 2026

83% health cashless requests approved within 30 minutes: Digit Insurance

Nearly six out of ten cashless requests were approved within 20 minutes, substantially ahead of the one-hour turnaround benchmark prescribed by the IRDAI. The fastest cashless approval recorded during FY26 took just three minutes, while the average approval time stood at 21.38 minutes.

Most advisors suggest that term insurance should ideally cover an individual until retirement age—typically around 60–65 years.

Updated : May 5, 2026

BT Explainer: Term Insurance — When to buy, ideal cover, key factors simplified

Financial planners consistently recommend buying a term plan as early as possible, ideally when an individual starts earning. The logic is simple: premiums are significantly lower at a younger age and remain fixed throughout the policy tenure.

The IRDAI allows NCB retention certificate to remain valid for up to three years from the expiry date of the previous policy.

Updated : May 3, 2026

Selling your old car? Have you secured your No Claim Bonus before it expires?

Selling your car doesn’t mean you lose your No Claim Bonus — but missing a key step can cost you thousands in insurance savings. Here’s how to retain and transfer your NCB correctly when switching to a new vehicle.

The policy change aligns with the Insurance Laws (Amendment) Act, 2025, aimed at improving insurance penetration and strengthening the sector’s capital base.

Updated : May 2, 2026

Govt opens insurance sector: 100% FDI allowed via automatic route

The government has allowed 100% FDI in insurance companies, enabling foreign investors to fully own Indian insurers under the automatic route. However, foreign investment in LIC will remain capped at 20%, keeping the state-run insurer under a separate framework.

Common causes include machinery-related accidents, slips and falls, and construction-linked risks.

Updated : Apr 30, 2026