Insurance Industry Updates


Stay informed with the latest in the insurance world through Ethika's comprehensive Insurance Industry Updates web page. Discover Insurance trends and regulatory developments shaping the insurance landscape.

Navigate the ever-evolving insurance sector with confidence by staying connected to the most relevant and timely information available. Your go-to resource for staying ahead in the dynamic realm of insurance.

How Ethika Work - Red Carpet
Bancassurance – The Cash Cow Myth Devolved
Bancassurance – The Cash Cow Myth Devolved

मेरी तफ़्तीश के ताजूरबे से कुछ सीख ग़ालिब, माथे की हर शिकन, किसी क्लेम की दास्तां बयान करती है!!! For those of us involved in the Indian insurance industry, the journey through Bancassurance has been nothing short of enlightening. ..... Readmore

Embedded Insurance: Bridging Convenience and Awareness
Embedded Insurance: Bridging Convenience and Awareness

In the dynamic realm of insurance, a groundbreaking concept has emerged, taking centre stage and transforming the way we perceive risk protection – embedded insurance..... Readmore

A Game Changer for Healthcare in India
Rethinking Global Mandates in Insurance Broking: A Case for Local Expertise

In the dynamic realm of insurance broking, a noteworthy trend is emerging—the prevalence of global mandates. These agreements, forged between clients and brokers, commit clients to exclusively availing... Readmore

A Game Changer for Healthcare in India
Cashless Everywhere: A Game Changer for Healthcare in India

In a major reform for the healthcare industry in India, general and health insurance companies have come together to launch a revolutionary initiative called “Cashless Everywhere.” This initiative aims to transform... Readmore

Card image cap
Mandatory Insurance for Shops in Maharashtra

On In its first, Maharashtra would be the 1st state in India to introduce mandatory property insurance for shops and establishments registrations. The labor department has issued notification to add insurance in the documents required ...Readmore

Death Claim rejected by NCDRC due to Mis-representation of Enhanced Income in the proposal form
Death Claim rejected by NCDRC due to Mis-representation of "Enhanced Income" in the proposal form

The National Consumer Disputes Redressal Commission has supported the death claim rejection by Reliance Nippon Life Insurance Company Ltd. on the basis of mis-representation of facts by the insured ...Readmore

Card image cap
Under Insurance Observation

On December 7, 2011, Chemmanur Jewellers Store at Dasarahalli in Bengaluru faced its worst fear when the staff found out about the robbery that had taken place, resulting in a loss of nearly 80 lakhs...Readmore

Card image cap
HDFC Ergo Discontinues 4 Health Insurance Plans – Steps to Take if Your Policy is Withdrawn

Abhay Kapoor, 45, was surprised when he saw a mail in his inbox from HDFC Ergo stating that his health insurance plan “My Health Suraksha” is being withdrawn from the market and he has an option to migrate to ....Readmore

Card image cap
Union Ministry Launched National Health Claims Exchange Platform to Simplify Claims Settlement

Mrs Anuradha, aged 30, married with two kids, working at an MNC, was admitted to a hospital for nerve-related issues. Upon diagnosis, it was found that she had brain tumours that had to .....Readmore

Card image cap
Variable Annuity Products Set to Hit the Indian Market this Year

Annuity plans are a kind of financial product that provides guaranteed regular payments to policyholders for the rest of their lives or a certain period as decided by the policyholders.....Readmore

Card image cap
Decoding IRDA’s 65 Years Age Rule in Health Insurance

Many of you have seen IRDA’s recent circular stating that from April 1, 2024, insurance companies are not required to follow the entry age limit of 65 years for health insurance plans. This has created a buzz among .....Readmore

Card image cap
IRDA’s All-In-One Insurance Product Bima Vistaar Details Revealed: Starts From Rs.1500 Per Policy

Insurance penetration in India decreased to 4% in FY-23 compared to 4.2% in FY-22, whereas the global insurance penetration stood at 6.8%. On the other hand, the insurance density, measured as the ratio of premiums collected to.....Readmore

Card image cap
IRDAI’s Vision 2047 for Viksit Bharat

Insurance regulatory and development authority of India (IRDAI), watchdog of the Indian insurance industry has committed to “Insurance for all” by 2047 in such a way that every citizen would have appropriate insurance coverage in terms of life and non-life insurance......Readmore

Card image cap
Updates From IRDA Which New and Existing Policyholders Should Know: 2024

Insurance regulatory and development authority of India has come out with updates related to the waiting period and moratorium period of insurance plans. These updates which are effective from April 1, 2024 would benefit both the existing policyholders.....Readmore

Card image cap
Insurance Updates! Insurance Rules That May Affect you From April 1st, 2024.

Starting April 1, 2024 there are two insurance rules that may impact the policyholders. These 2 rules are:1.Mandatory issuance of insurance policies in electronic accounts. 2.Change in surrender charges for life insurance plans. Mandatory e-Insurance Account is for all the new insurance .....Readmore

Card image cap
Regulatory Reforms in the Indian Insurance Industry, March 2024 Edition

The recent regulatory revamp by the Insurance Regulatory and Development Authority of India (IRDAI) marks a pivotal moment in the evolution of the Indian insurance sector. By consolidating existing regulations and introducing new ones, .....Readmore

Card image cap
Karnataka Government Strengthens Employee Benefits: Compulsory Gratuity Insurance Rules Take Effect

The Government of Karnataka has enacted a landmark legislation that significantly benefits employees across the state. The Karnataka Compulsory Gratuity Insurance Rules, 2024, introduce a mandatory insurance requirement for employers to secure their gratuity .....Readmore