Government's recent announcement to introduce 100 per cent FDI in the insurance sector has granted "more power to the regulators," said LIC MD, Dinesh Pant.
PM Modi outlined key reforms, including GST reforms that boosted MSMEs and positively impacted sectors; 100% FDI approved insurance sector; Income Tax law updated after 60 years, benefiting crores of taxpayers and labour reforms that will benefit workers, industry. He linked reforms to In
In 2025, India's insurance sector saw major shifts with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 enabling 100% FDI, fostering competition, alongside tech booms in Artificial Intelligence/Machine Learning (AI/ML) for underwriting & claims, a surge in digital policy
Parliament on Wednesday passed the 'Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025', with Finance Minister Nirmala Sitharaman assuring members that opening up the sector will attract new insurers, intermediaries and allied service providers, expanding the overall insuran
The Lok Sabha on Tuesday took up for consideration a bill that seeks to accelerate the growth and development of the insurance sector, ensure better protection of policyholders and improve ease of doing business for insurance companies
Finance Minister Nirmala Sitharaman on Tuesday introduced the Insurance Laws (Amendment) Bill, 2025, titled "Sabka Bima Sabki Raksha", in the Lok Sabha, aiming to strengthen policyholder protection, deepen insurance penetration and accelerate the growth of the insurance sector in the coun
According to the list of business, Sitharaman will seek permission to introduce a Bill, which proposes amendments to three major legislations governing the insurance sector, the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the Insurance Regulatory and Development Aut
The health insurance industry continued to post strong growth in November, supported by a pickup in demand for health insurance policies following the GST exemption announced by the government, highlighted a recent report by Nuvama.
Mumbai (Maharashtra) [India], November 20: Women in Insurance India (WIIN), a purpose-driven movement under the House of Grit Association, proudly announces the launch of the WIIN Accelerator Program, India's first dedicated accelerator designed exclusively to empower mid-career women profes
New Delhi [India], November 13: In a first for India's insurance sector, Star Health Insurance has unveiled a series of advertisements created using generative AI, marking a notable shift in how the insurance category approaches storytelling. The campaign blends technology and creativity to
The life insurance industry witnessed a decline in new business premiums (NBP) in October 2025, primarily due to the recent Goods and Services Tax (GST) exemption on life insurance premiums.