INSURANCE


Shrirang V Samant 06 October 2026
This is part 2 of a two-part series. Part 1 showed, using the insurance regulatory and development authority of India (IRDA)'s own data, how much of policyholders' premium goes to banks, NBFCs and other distributors as commission. This part explains why the regulator has finally stepped in, how...

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Shrirang V Samant 05 October 2026
This is part 1 of a two-part series. Drawing on IRDAI's consultation paper on distribution reforms, the author examines how much of policyholders' premiums ends up with banks, NBFCs and other intermediaries as commission. He also asks what that says about the industry's much-touted ‘success...

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Moneylife Digital Team 01 October 2026
Insurance regulatory and development authority of India (IRDAI) chairman Ajay Seth has questioned the sharp increase in insurance distribution costs and commissions in recent years, saying policyholders should be getting significantly greater value if such expenses continue to rise. The sharp...

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Sponsored Post 29 September 2026
The term insurance landscape in India is changing as more people look at life cover as part of their wider financial planning. Rising incomes, home loans, children's education costs and other long-term commitments can make adequate financial protection increasingly important.   At the same...

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Moneylife Digital Team 25 September 2026
Seven in 10 insurance buyers surveyed by LocalCircles support capping commissions paid to agents and distributors, while more than eight in 10 want insurers to disclose the commission payable on a policy before it is purchased. According to LocalCircles, life insurers paid a record Rs60,800...

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Shrirang V Samant 25 September 2026
A popular definition of insanity is “doing the same thing over and over and expecting different results”. This is probably the first reaction of anybody reading the news item in a financial paper recently. An infusion of nearly ₹30,000 crore is necessitated to cover the solvency margin...

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Moneylife Digital Team 24 September 2026
The insurance regulatory and development authority of India (IRDAI) has proposed a sweeping overhaul of the economics and structure of insurance distribution, including lower expense limits for insurers, product-linked commission caps, greater disclosure of distributor remuneration and a...

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Sponsored Post 24 September 2026
A marine insurance claim does not always end with a quick settlement. Any discrepancies in claim documents, the cause of loss or damage, or policy terms can lead to disputes. Knowing how to resolve such disputes is essential for a fair settlement.    While transit insurance safeguards goods...

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Moneylife Digital Team 23 September 2026
The national consumer disputes redressal commission (NCDRC) has dismissed Canara HSBC Life Insurance Company’s appeal against an order directing it to pay the remaining ₹15 lakh accidental death benefit to the widow of a policyholder who died following electrocution. A bench comprising...

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Sponsored Post 23 September 2026
Cashless health insurance can make hospital admission easier because eligible treatment expenses are settled between the insurer and hospital, subject to policy terms. However, the process does not begin automatically when a patient arrives.   A cashless request moves through the hospital...

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Moneylife Digital Team 15 September 2026
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company Ltd for mis-selling a deferred annuity policy to an 88-year-old senior citizen through its corporate agent, Canara Bank. IRDAI also directed the insurer to...

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Sponsored Post 11 September 2026
A car can suffer damage from theft, accidents, fire and natural events. Repairing and replacing damaged parts can be costly, especially for new cars. This is where Own Damage (OD) car insurance can be beneficial.   Understanding how own damage insurance works and why it matters can help you...

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Moneylife Digital Team 11 September 2026
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹1 crore on IndusInd Bank Ltd, in its capacity as a corporate agent (CA), for failing to establish and implement an appropriate grievance redressal mechanism for insurance policyholders. The regulator...

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Moneylife Digital Team 10 September 2026
The insurance regulatory and development authority of India (IRDAI) has imposed a penalty of ₹1 crore on ICICI Lombard General Insurance Co Ltd for lapses relating to outsourcing, vendor management and corporate governance requirements.   In an order, IRDAI's whole-time member  (WTM) for...

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Ritwik Choudhury (Bar  and   Bench) 26 August 2026
The Supreme Court recently directed all States to constitute dedicated Special Investigation Teams (SITs) to investigate suspected fraudulent motor accident insurance claims (The Oriental Insurance Co. Ltd. v. Tuni Pati & Ors.).    By way of an order passed on August 17, a bench of Justices...

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Moneylife Digital Team 25 August 2026
Warning two insurers for exceeding the prescribed limits on expenses of management (EoM) during FY24-25, insurance regulatory and development authority of India (IRDAI) has restrained Edelweiss Life Insurance Company and Pramerica Life Insurance Ltd from opening any new place of business for...

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Moneylife Digital Team 21 August 2026
India's health insurance market may be seeing stronger consumer demand, but policyholders continue to face significant problems when they actually need their insurance. About four in 10 policyholders who made a claim reported at least one issue, with problems involving hospital and provider...

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Moneylife Digital Team 21 August 2026
The Insurance Regulatory and Development Authority of India (IRDAI) has warned Acko General Insurance Ltd and Niva Bupa Health Insurance Co Ltd for exceeding the prescribed expenses of management (EoM) limits during FY24-25 and has directed both insurers not to open any new place of business...

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Sponsored Post 05 August 2026
Health insurance is among the most critical financial products that people can use to protect themselves and their families from ever-increasing health costs. Be it a pre-planned visit to a doctor or the need to be hospitalized urgently due to unforeseen complications, the right policy can help...

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Moneylife Digital Team 03 August 2026
A growing number of life insurance policyholders are surrendering or withdrawing from their policies before maturity, with such payouts now exceeding maturity benefits for the first time in recent years, according to information shared by the Centre in the Lok Sabha.   Replying to an...

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