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BROWSING: Industry News

17 September 2025

Life Insurance Premium Growth Slows as LIC Drag Continues in August 2025

Life Insurance

ife insurers reported a 5.2% drop in new business premiums in August, dragged down primarily by LIC, impacting sector growth and indicating competitive pressures in the market.

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BROWSING: Regulatory Changes

17 September 2025

IRDAI Caps Health Insurance Premium Hikes at 10% for Senior Citizens

Health Insurance, Regulation

IRDAI mandates that annual premium increases for senior citizens in health insurance plans cannot exceed 10%, protecting vulnerable customers from steep cost rises.

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BROWSING: Insurance Products

17 September 2025

Bajaj Allianz Launches ClimateSafe Parametric Insurance for Climate Risks

General Insurance, InsurTech

Bajaj Allianz introduced 'ClimateSafe,' a parametric product providing rapid payouts based on weather data to cover climate-related losses for individuals and businesses.

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BROWSING: IRDAI Annoucements

17 September 2025

Ajay Seth Appointed IRDAI Chairman After Five-Month Vacancy

Governance, Regulation

Ajay Seth takes charge as IRDAI chairman, bringing decades of economic and policy experience to lead India's insurance regulator through upcoming reforms.

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