Aviation Insurance Premiums Set to Rise in 2025: 2025 has taken a grim turn for global aviation, with over 480 air fatalities reported—marking the deadliest year in over a decade, according to the Virginia-based Flight Safety Foundation. The recent tragic crash of Air India AI 171 near Ahmedabad airport has been the latest in a…
Banks & Insurance Mis-selling: In a significant move aimed at protecting Indian consumers from misleading financial practices, the Department of Financial Services (DFS) Secretary M Nagaraju has issued a stern warning to banks regarding the mis-selling of insurance products. Addressing an event announcing a strategic partnership between the Central Bank of India and Generali Group…
Insurance Is a Risk Cover and Not an Investment: Insurance is often misunderstood in personal finance. Many individuals view it as a form of investment, expecting returns and wealth creation from it. However, the fundamental purpose of insurance is risk coverage, not wealth accumulation. This misunderstanding can lead to poor financial planning and jeopardize future…
Insurers Likely to Prefer Bond Forwards: The insurance industry in India is witnessing a significant shift in interest-rate risk hedging strategies. The Insurance Regulatory and Development Authority of India (IRDAI) has recently allowed insurers to undertake bond forward transactions, a move that is expected to replace the traditional use of forward-rate agreements (FRAs). This regulatory…
Indias Insurance Gap: In a country witnessing rapid economic growth, rising healthcare costs, and increasing financial complexity, insurance should be a critical safety net. Yet, the recently published Suraksha Kavach Report 2025 by Bajaj Capital Insurance Broking Ltd. reveals a stark truth — while awareness is at an all-time high, most Indians remain dangerously underinsured….
How Vehicle Insurance Supports: As the number of vehicles on roads continues to grow exponentially, the associated risks of accidents, injuries, and fatalities are also rising. Expanding road networks and the trend of faster-moving traffic have led to an alarming increase in road accidents globally. These unfortunate incidents not only bring emotional trauma but also…
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…
Zurich Kotak General Car Insurance: In today’s fast-paced world, car ownership is more than just a luxury—it’s a necessity. With more vehicles on the road, the risk of accidents, theft, and natural calamities has also risen. That’s why having comprehensive car insurance is no longer optional—it’s essential. Zurich Kotak General Insurance has introduced a robust…
UPI Leads the Charge as Most Preferred Insurance Premium Payment Method: The Indian insurance landscape is undergoing a digital revolution, and at the heart of this transformation lies the Unified Payments Interface (UPI). According to the latest insights from Policybazaar, UPI has emerged as the most preferred payment mode for insurance premiums, capturing a substantial…