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…
Marrying Tech and Traditional Insurance: Over two centuries ago, the Oriental Life Insurance Company marked the inception of life insurance in India. Established in Kolkata, it initially served the European community, but its legacy laid the groundwork for a deeply personal and relationship-driven approach to financial security. In those formative years, insurance was not just…
Hanwha Life Insurance Outlook Revised to Stable: In a significant development for the insurance sector, Moody’s Ratings has revised the outlook of Hanwha Life Insurance to stable, citing stronger profitability and robust capitalisation. This revision marks a vote of confidence in Hanwha Life’s ability to maintain its financial health in a changing economic environment. According…
A Complete Guide to the Insurance Sector: The insurance sector plays a crucial role in the modern financial ecosystem, offering protection against unforeseen events through legally binding agreements known as insurance contracts. At the heart of this industry is the principle of risk-sharing. One party, typically the insurer, assumes the responsibility of covering financial losses…
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….
Insurance Q4 FY25 Outlook: The Indian insurance sector is projected to deliver a subdued performance in the fourth quarter of FY25, as analysts anticipate multiple headwinds impacting both life and general insurers. According to Yes Securities Limited, life insurance companies are grappling with shrinking value of new business (VNB) margins, primarily due to a shift…
New York Life Insurance Company: In a significant move that reflects growing investor confidence in India’s real estate market, New York Life Insurance Company (NYL) has committed to invest Rs 550 crore across two upcoming projects by Max Estates in Noida. The announcement came via a regulatory filing by Max Estates, marking a pivotal development…
Why Home Insurance Prices Are Rising: Home insurance costs in the United States are rising at a faster pace than ever before. A growing concern among homeowners and home buyers, this surge is driven largely by a single, unavoidable factor—climate risk. As climate-related natural disasters like wildfires, hurricanes, and floods become more frequent and severe,…
79% Indians Unsure About Adequate Insurance Coverage: A recent report by leading InsurTech firm CoverSure has revealed an alarming reality: a staggering 79% of Indian policyholders are uncertain if their insurance coverage is sufficient. Despite owning life, health, and motor insurance policies, most individuals remain unaware of what their plans actually cover. This points to…