The Insurance Brokers Association of India (IBAI) will soon initiate a dialogue with the Insurance Regulatory and Development Authority of India (IRDAI) on proposed reforms to the insurance distribution framework. IRDAI issued…
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed stricter limits on insurance companies' expenses and distribution commissions. In a consultation paper, the regulator suggested capping life insurers' expense of…
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed capping distributor commissions and tightening expense limits for insurers, aiming to reduce mis-selling and pass cost savings to policyholders. Chairman Ajay…
Health insurers in India are offering wellness programmes that reward policyholders for activities like walking, swimming or cycling, but consumers may be overlooking the privacy trade-off. Participants may have to share personal…
Shares of PB Fintech and Turtlemint extended their sell-off for a second session on September 25, after the Insurance Regulatory and Development Authority of India (IRDAI) proposed new commission caps for insurance…
The government of India has approved the voluntary retirement of Dinesh Pant as Managing Director of Life Insurance Corporation of India, effective September 24, 2026. The development was announced by LIC in…
Policybazaar parent PB Fintech suffered its steepest single-day fall on Thursday, losing 36% and Rs 31,430 crore in market value after IRDAI proposed sweeping changes to distributor commissions. The stock hit a…
Shares of PB Fintech, the parent company of Policybazaar, crashed 36% to Rs 1,210 on the BSE on September 24, while Turtlemint hit its 20% lower circuit at Rs 109.10. The sell-off…
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed a phased reduction in expenses of management (EoM) limits and a return to product-level commission caps. Life insurers would need to…
As health insurance policy renewal season approaches, policyholders must review their sum insured, policy terms, and evolving healthcare needs before renewing. The sum insured should be sufficient to cover current medical costs,…
