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…
LIC Rejects USTR Claims of Unfair Advantage in Indian Insurance Market: In a firm and detailed rebuttal, Life Insurance Corporation of India (LIC) has denied allegations made by the United States Trade Representative (USTR) suggesting that LIC enjoys an “unfair advantage” in the Indian insurance market due to sovereign backing. The USTR’s 2025 National Trade…
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…
LIC Increases Stake in Nestle India to Over 5%: In a notable move that strengthens its position in the fast-moving consumer goods (FMCG) sector, Life Insurance Corporation of India (LIC) has increased its stake in Nestle India Ltd. to over 5%, marking a significant vote of confidence in the brand. According to the latest stock…
National Insurance and Income Tax 2024–2025: The financial year 2024–2025 has brought some major updates to the UK’s tax landscape, especially around National Insurance (NI) and income tax. While the government has reduced the employee NI contributions, a freeze in income tax thresholds means many individuals will see their overall tax burden increase. These subtle…
Tamil Nadu Government Extends New Health Insurance: In a significant move to ensure continued healthcare protection for its workforce, the Tamil Nadu government has extended the New Health Insurance Scheme (NHIS), 2021 by another year. Initially set to expire on June 30, 2025, the scheme will now remain in force till June 30, 2026, offering…
How to Choose an Individual Health Insurance: In 2025, the importance of a reliable individual health insurance plan cannot be overstated. With the cost of healthcare services steadily climbing and medical advancements becoming more complex and expensive, safeguarding your health and finances with the right insurance coverage has become essential. A well-selected health policy not…
MEDISEP Revamp 2025: In a major development aimed at strengthening the welfare of Kerala’s state employees and pensioners, the government-appointed expert committee has submitted its recommendations to revamp the Medical Insurance Scheme for State Employees and Pensioners (MEDISEP). The core of this proposal lies in enhancing insurance coverage from ₹3 lakh to ₹5 lakh, coupled…
Why Indians Are Quitting Health Insurance in 2025: In recent years, India’s health insurance market has seen a troubling shift. Once considered a critical safety net, health insurance is now being increasingly abandoned by middle-class families and individuals. The rising cost of premiums, compounded by the 18% GST, is making it unaffordable for many. Add…