Indias Insurance Penetration Below 5%: Despite being the world’s most populous country and one of the fastest-growing economies, India’s insurance penetration still lags significantly behind the global average. According to the latest data from 2023-24, India’s insurance penetration—the ratio of insurance premium to GDP—remains below 5%, highlighting a deep-rooted issue in financial protection and risk…
Monsoon Mayhem and Flight Disruptions: As India braces for an early and intense monsoon, major cities like Mumbai, Thane, and Nashik are already experiencing torrential rains, lightning, and flooding. These harsh weather conditions disrupt not only daily life but also significantly impact travel plans, especially flights. Travelers are encountering unexpected delays, diversions, and cancellations, causing…
Best Car Insurance in North Carolina: If you’re a driver in the Tar Heel State, finding the best car insurance in North Carolina is not just about getting the lowest premium—it’s about securing reliable coverage that meets the state’s requirements and protects your financial future. With dozens of insurance companies competing for your business, knowing…
Insurers Struggle : The Insurance Regulatory and Development Authority of India (IRDAI) has imposed strict obligations on general insurance companies to expand their coverage in the motor third-party (TP) insurance segment. Insurers with a 5 to 10 percent share in the Motor TP market are required to increase their insured vehicles by 7.5 percent compared…
Flight Accident Insurance Coverage FAQs: In the aftermath of a tragic air crash like the Air India flight AI 171 crash in Ahmedabad, which claimed hundreds of lives including passengers, crew, and innocent people on the ground, many are left grappling not only with emotional loss but also financial insecurity. This harrowing incident has thrust…
Drive Worry-Free This Monsoon Season: As the monsoon season sweeps across the country, it brings much-needed respite from scorching heat and adds a refreshing touch to everyday life. However, while the rains are a welcome sight for many, they also bring an array of challenges for vehicle owners. From flooded streets and waterlogged roads to…
Air India Crash May Trigger $475 Million Insurance Claims: India is grappling with one of its worst aviation tragedies in over a decade, as the recent Air India crash is projected to result in insurance claims of up to $475 million. This devastating incident, which claimed hundreds of lives including passengers, crew members, and people…
SBI Card to Withdraw Complimentary Air-Accident Insurance on Select Cards: In a major policy shift, SBI Card has announced that it will discontinue the complimentary air accident insurance benefit on several of its popular credit card variants starting July 15, 2025. The news surfaced through multiple user posts on the social media platform X (formerly…
Kerala High Court Clarifies: In a significant judgment that sets a precedent for insurance-related litigations, the Kerala High Court recently ruled that an insurance company is not obligated to issue a separate notice of cancellation if an insurance policy is canceled immediately after its issuance, especially when the insured party is aware of the cancellation….