Irdai mandates tagging salesperson on insurance policy to curb mis-selling
The new tagging rule operationalises traceability, which Irdai said strengthens accountability and transparency across the distribution chain.
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Irdai chief wants every insurance sale traced to an individual to curb mis-selling
Irdai chief Ajay Seth says a proposed Public Insurance Registry will help trace every policy to the individual seller, improve accountability, curb mis-selling and make insurers rethink incentives, transparency and distribution costs.
SBI Life cost ratio rises on GST, labour code impact as ULIP share slips
SBI Life’s costs rose on the GST exemption, higher employee expenses and reinsurance costs, even as profit grew 22%. A large group protection deal boosted growth but weighed on margins, while Ulips lost share to traditional products.
HDFC Life CEO Padalkar says protection is being left behind as India chases wealth
Vibha Padalkar reveals the challenges and opportunities in India's insurance landscape, calling for greater awareness and reform in policy practices. She argues for a shift in narrative from short-term returns to comprehensive coverage.
DFS insurance division ranks second, banking placed sixth in grievance redressal index
The DFS's insurance and banking divisions get over 250,000 grievances annually and their performance is attributed to improved redressal strategies and monthly reviews.
Why the RBI is concerned about three state-run general insurers
National Insurance, Oriental Insurance and United India Insurance have remained below solvency norms for five straight quarters despite improved financial performance and past government capital infusion.
LIC flags 'rampant mis-selling' in life insurance, warns of fraud in pockets
LIC has flagged mis-selling as a major challenge for the life insurance industry, as IRDAI moves to tighten sales practices. The insurer also highlighted India's protection gap, changing risk landscape and the need for products tailored to gig workers.
Finance Ministry announces 100% FDI in insurance sector under automatic route; 20% cap for LIC
The Finance Ministry announced 100% foreign direct investment in the insurance sector under the automatic route, with a 20% cap for LIC. The amendment to insurance laws was passed in December 2025, allowing this increase from 74% to 100% FDI, following the President's assent.
Loss of input tax credit, policy changes weigh on life private insurers’ Q4 margins, profitability
Margins may stay under pressure in H1, with stocks correcting by 8-22% from their 52-week highs, and valuation premiums across large insurers converging.
Govt clears 100% FDI, composite licences in sweeping insurance reforms
The Union Cabinet has approved the Insurance Laws (Amendment) Bill, which could drive investments into the sector. The legislation is likely to be tabled in Parliament next week