SBI General Insurance: In a major leadership update, SBI General Insurance has appointed Mohd Arif Khan as the new Deputy Chief Executive Officer (Deputy CEO), marking a pivotal moment in the company’s ongoing transformation and expansion journey. With over 25 years of diverse experience in banking, primarily with State Bank of India (SBI), Khan brings…
Insurance Awareness Day 2025: National Insurance Awareness Day, celebrated annually on June 28, plays a crucial role in educating individuals about the importance of insurance in modern life. As we navigate an unpredictable world filled with risks—from natural calamities to health emergencies—insurance provides the financial backup needed to safeguard our assets, income, and loved ones….
Government to Enable Value-Added Services in Insurance: In a significant move aimed at modernizing and broadening the scope of the insurance sector in India, the Ministry of Finance is expected to introduce a key amendment to the Insurance Act during the upcoming Monsoon Session of Parliament in July 2025. The amendment seeks to formally allow…
How Life Insurance Companies: Imagine if your life insurance company could accurately predict the future — not with a crystal ball, but with data. In 2025, that’s exactly what’s happening. Life insurance companies are no longer just relying on lengthy application forms or outdated actuarial tables. Instead, they are leveraging Artificial Intelligence (AI) to assess…
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…
Consumer Panel Bars Loan Recovery from Widow: In a landmark decision that upholds the rights of consumers and promotes accountability among financial institutions, the Tirunelveli District Consumer Disputes Redressal Commission has barred Cholamandalam Investment and Finance Company Ltd. from recovering a ₹15 lakh loan from a 55-year-old widow. The loan, originally taken by her now-deceased…
Smart Ways to Reduce Insurance Premiums Without Losing Coverage: Insurance is one of the most essential financial safety nets for families, yet rising living expenses, inflation, and shifting priorities often push it down the priority list. On National Insurance Awareness Day, experts have raised an important concern—millions of policyholders are struggling to pay premiums on…
Motor Insurance in India: India’s motor insurance industry is witnessing a paradigm shift, thanks to recent regulatory reforms spearheaded by the Insurance Regulatory and Development Authority of India (IRDAI). These transformative changes aim to simplify, standardize, and modernize the motor insurance ecosystem to make it more consumer-centric and technologically advanced. With the rise of connected…
Insurance Illusion: A recent survey conducted by InsurTech platform CoverSure has brought to light a startling revelation: 79% of Indian policyholders are unsure whether their current insurance policies offer adequate coverage. Released ahead of National Insurance Awareness Day on June 25, the survey draws attention to a growing crisis of insurance illiteracy and under-insurance in…