August 4, 2025 |The Global Federation of Insurance Associations (GFIA) — representing insurers from over 70 countries — has formally extended support to India’s proposed Insurance Amendment Bill, calling it a “positive step” toward deeper liberalization and stronger regulatory independence.In…
A bold “LIC Decline” headline circled in red ink captures the market mood, as LIC’s equity portfolio takes a ₹66,000 crore hit in July. The visual sets the tone for deeper analysis into the insurer’s exposure to bluechip stock volatility.
A Nashik district consumer forum has ruled in favour of a retired teacher whose ₹2.1 lakh health insurance claim was rejected on the grounds of hypertension. The tribunal declared that high blood pressure alone cannot justify denial and ordered the insurer to settle the claim promptly.
The IRDAI has proposed appointing independent internal ombudsmen within all insurance companies to speed up grievance redressal and reduce reliance on external mechanisms. This move aims to make complaint handling faster, more transparent, and policyholder-friendly.
