In the last four years, the GIC Re earned a premium of Rs 10,000 crore plus every year in the crop reinsurance business

Sitharaman introduced the Bill just before the proceedings in the Lok Sabha were adjourned for the day following opposition uproar over political developments in Maharashtra

The Reserve Bank of India said that it also intends to soon initiate the resolution of DHFL under the newly approved Insolvency and Bankruptcy Rules for financial services providers

While the basic character of the insolvency law for FSPs will remain the same, respective regulators will have a significant say in the overall process including the final approval of the resolution process

Insurance tech start-ups have begun to change the perception around insurance to attract digital savvy millenials. Regulator IRDAI has also been forthcoming in giving licences to these new players

A health policy penalising customers of a particular city because of health risk is not very common in India

This decision has been taken after IRDAI asked Reliance Health to transfer its liabilities to Reliance General amid a continuous decline in solvency margin

Earlier, all policies taken after January 1, 2014 could not be revived if they remained in lapsed condition for a period exceeding two years.

The IRDAI circular further elaborated that mandatory disclosures must be in the same language as the entire advertisement.

V Viswanand, Deputy Managing Director, Max Life Insurance talks about recent regulatory changes brought in by the Insurance Regulatory and Development Authority of India (IRDAI)

Sandbox regulations will play a big role in increasing insurance penetration and awareness, says Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance

\"Minor modifications that insurers initiate after feedback from customers can now happen much quicker. This includes additional frequencies of premium payment and add-on riders,\" says Shreeraj Deshpande of Future Generali

Former State Bank of India (SBI) chief Arundhati Bhattacharya and Sunil Mehta, former country head and chief executive of AIG had registered the company by the name of Welmo Fintech Pvt. Ltd on 3rd September.

Currently, the secondary loan market in India is largely restricted to sale to asset reconstruction companies and ad hoc sale to other lenders including banks, but there is no formalised mechanism to deepen the market.