Insurance News

The growth in H1 FY26 was driven by strong performance in key sectors: health business grew by 41 per cent, personal accident (PA) by 48 per cent, and the motor business by 17 per cent, the statement said.

Based on information available with AHPI, cashless services have been suspended arbitrarily in many hospitals, including Manipal Hospital - Delhi and Gurugram, Max Hospitals - North India, Metro Hospital- Faridabad, Medanta Hospital - Lucknow, Rajiv Gandhi Cancer Hospital - New Delhi, among others.

The issue of the termination of cashless treatment and cashless services in some hospitals has put policyholders in a vulnerable spot. In the wake of recent episodes of AHPI, pulling the plug on insurance companies cashless facility, what should policyholders do? Explained.

Effective September 22, 2025, individual life and health insurance premiums, including family floater plans, senior citizen policies, and reinsurance, will be exempt from the 18 percent Goods and Services Tax (GST). This move aims to reduce the cost of insurance products for households, making them more affordable and accessible. Group insurance policies, such as employer-sponsored schemes, will continue to attract GST, as the exemption applies only to individual covers.  

Association of Healthcare Providers (India) has withdrawn its advisory to stop cashless treatment to policyholders of Bajaj Allianz General Insurance and Care Health Insurance in over 15,000 hospitals with effect from September 1.

AHPI recently urged its members in North India to stop providing cashless treatment facilities to Bajaj Allianz General Insurance and Care Health Insurance policyholders, with effect from September 1.

The decision was made in response to several hospital complaints that AHPI has received about Bajaj Allianz's failure to update hospital reimbursement rates in line with growing medical expenses.

Choosing between Rs 1 crore, Rs 3 crore, and Rs 5 crore term life insurance depends on your income, liabilities, and family's future needs, with online calculators helping determine the ideal coverage.

Those with bank accounts --SBI, Post office or any other banks -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) eligible beneficiaries who consent to join or activate auto-debit, must know how to stop the money being deducted.

Those with bank accounts --SBI, Post office or any other banks -- who consent to join or activate auto-debit and are in the age range of 18 to 50 are eligible for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). 

Here are 6 Tips for Avoiding Claim Rejection and Resolving Disputes in Health Insurance.

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If you find out that Rs 20 has been auto-debited from your account, you will have to visit the bank branch in order to stop it. But why was the money deducted? Find out. 

Private insurers saw a surge in retail sum assured by 41 per cent YoY in 9M FY2025 (30 per cent in FY2024), higher than the retail NBP growth of 17 per cent (7 per cent in FY2024).

Last year, the Insurance Regulatory and Development Authority of India (IRDAI) had extended free look period for policyholders period from 15 days to 30 days.

Depending on the plan he or she selects, an annual premium of Rs 436 is auto-debited from the subscriber's bank account on or before May 31 of each annual coverage term under Pradhan Mantri Jeevan Jyoti Bima Yojana. 

These rule changes, effective from 1st August 2024, will impact your finances. Check what's new. 

The District Consumer Dispute Redressal Commission (Central District) was hearing the complaint of Nishchal Jain alleging a deficiency in services by the insurer for repudiating his insurance claim. 

The circular on IRDAI (Insurance Products) Regulations 2024 --General Insurance that replaces all earlier Guidelines/circulars of General Insurance Products, is applicable immediately.