News
Mis-selling, not claims, is life insurance's biggest problem: Aviva CEO Asit Rath
2+ hour, 1+ min ago (523+ words) As India's insurance regulator tightens norms around disclosures, commissions and distribution practices, insurers will need to move beyond transactional selling and focus on long-term customer relationships, according to Asit Rath, managing director and chief executive officer of Aviva Life Insurance....
Ageas open to more India investment, eyes top-10 life insurer spot
1+ mon, 2+ week ago (696+ words) Belgium's Ageas Insurance is prepared to invest additional capital in India to break into the country's top 10 life insurers in the next three to four years, provided returns on equity remain favourable. "If the growth is there and the return…...
Health insurance premiums hit "1. 17 lakh crore in FY25; GST removal boosts life insurance demand significantly
2+ mon, 1+ week ago (355+ words) Several factors have enabled this growth: In practice, this growth shows a change in how we approach financial planning. Many times, individuals now see insurance as an important part of long-term stability. The planned GST removal on insurance premiums is…...
RBI's mis-selling curb puts life insurers in focus
3+ mon, 2+ week ago (379+ words) On 11 February, the Reserve Bank of India released draft guidelines that seek to make banks more accountable for the financial products they sell to individuals. The guidelines aim to prevent banks from mis-selling various financial products, especially life insurance plans…...