Insurance News
Real policy changes, IRDAI updates, product launches — curated for Indian families. No fluff.
GST Council to Review Tax Slabs and Insurance in September Meeting
The GST Council will meet on September 3–4, 2025, to discuss tax slab rationalization. A key agenda is whether GST on life and health insurance premiums will be removed, potentially making policies more affordable for Indian families
Ganesh Chaturthi 2025: GSB Mandal Insures Festivities for ₹5 Billion
Mumbai’s GSB Seva Mandal has insured its Ganesh Chaturthi 2025 festivities for ₹474 crore—almost ₹5 billion. The cover includes volunteers, jewelry, and public liability, reflecting India’s growing reliance on event insurance.
SBI General Opens New Health Insurance Branches in Andhra & Telangana
SBI General Insurance has launched specialized health insurance branches in Andhra Pradesh and Telangana, aiming to bring insurance closer to people’s doorsteps. The company said these branches are designed to increase coverage penetration and make it easier for families, especially in smaller towns, to understand and buy health policies. With medical inflation in India rising […]
Maharashtra Pushes Gig Worker Welfare Board with Insurance Coverage
Maharashtra is planning a Gig Worker Welfare Board for 10 lakh platform workers including Zomato, Swiggy, Ola, and Uber partners. The scheme will offer insurance, provident fund, and medical coverage — a landmark step in social security for India’s gig economy.
Star Health Marks Major Milestone: ₹11,500 Crore Claims Settled for Senior Citizens
Star Health Insurance has settled over ₹11,500 crore in senior citizen health insurance claims over 18 years, protecting 30 lakh elderly lives. A major milestone showcasing trust, reliability, and rising demand for senior citizen health plans in India.
Insurers Cautious on New Investment Tools Despite Regulatory Green Signal (2025 Update)
Despite regulatory clearance, insurers in India have been slow to adopt new investment instruments like equity derivatives and bond FRAs, reflecting a cautious stance amid volatility.
Why Insurers Prefer 5% GST Slab Over Full Exemption
Indian insurers believe a reduced 5% GST on premiums is better than full exemption, as it allows them to retain input tax credit benefits and maintain operational efficiency.
ESIC Promotes Social Security with SPREE 2025 in Ludhiana
The ESIC organized a special session in Ludhiana under SPREE 2025, encouraging employers and employees to register online for social security benefits, including health insurance, without penalty.
Equity Markets Rally as Financials and Insurers Lead the Charge
Indian stock benchmarks rose sharply on Wednesday, led by a surge in financial and insurance companies like HDFC Life, SBI Life, and ICICI Prudential amid GST relief expectations.
Centre Considers GST Relief on Insurance Premiums Ahead of Diwali
The Centre is reviewing proposals to exempt or reduce GST on insurance premiums, aiming to make policies more affordable and boost financial inclusion in India.
Tesla and ACKO Team Up to Offer Motor Insurance for Indian EV Buyers for Indian EV Buyers
Tesla has partnered with ACKO to roll out customized motor insurance for its electric vehicles in India. The products will include battery and charging coverage, cashless claims, and AI-driven premiums, making EV ownership simpler and more affordable. Analysts say the tie-up could accelerate India’s EV adoption.
Insurance Stocks Rally as Market Cheers Reform Signals
On August 21, Sensex and Nifty gained momentum as insurance stocks led the rally. HDFC Life, SBI Life, ICICI Prudential, and Niva Bupa rose 1–3% amid GST exemption hopes and a sector credit-rating upgrade. Analysts say reforms could boost insurance penetration and valuations in the months ahead.
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