1+ day, 17+ hour ago   (274+ words) Whalesbook Many life insurance companies in India are now marketing instant claim payout features designed to provide immediate cash to nominees These features often promise to release a portion of the death benefit within 24 to 48 hours to help families manage…...

1+ week, 16+ hour ago   (278+ words) ICICI Prudential Life Insurance is seeking shareholder approval via postal ballot to change its name to ICICI Life Insurance Limited. This follows a re-classification of its promoter, Prudential, to an investor under new IRDAI rules. ICICI Prudential Life Insurance Company…...

1+ week, 5+ day ago   (308+ words) Whalesbook Indian life insurance companies are moving away from traditional lump-sum death benefit payouts, introducing flexible options that allow policyholders to secure the financial future of their nominees Instead of providing the entire sum assured at once—which can sometimes…...

1+ week, 6+ day ago   (266+ words) Whalesbook Life insurance policyholders in India are choosing significantly higher levels of financial protection, according to latest data from the Insurance Information Bureau Between FY2021 and FY2025, the average annual premium per in-force policy increased by approximately 43%, rising from ₹15,567 to â…...

1+ week, 6+ day ago   (355+ words) Whalesbook The life insurance industry in India faces a structural challenge as policyholders continue to exit their plans before they mature For the third consecutive fiscal year, total payouts toward policy surrenders and withdrawals have exceeded those for maturity benefits…...

2+ week, 3+ day ago   (259+ words) Whalesbook While this indicates a moderation from the stronger performance seen in earlier months, the sector continues to expand even as some individual players navigate headwinds Divergent Performance Among Major Players Performance across the sector remained uneven during the month…...

3+ week, 18+ hour ago   (256+ words) whalesbook.com S&P Global Ratings has released a positive long-term outlook for India’s insurance industry, citing recent structural changes as a major catalyst for future expansion The agency expects the sector to grow, driven primarily by the government's…...

3+ week, 14+ hour ago   (351+ words) whalesbook.com A recent ruling by the Maharashtra State Consumer Disputes Redressal Commission has highlighted the risks associated with missing life insurance premium payments The commission upheld a decision by HDFC Life to reject a death claim of ₹70 lakh,…...

3+ week, 2+ day ago   (290+ words) Whalesbook In the fiscal year 2025-26, life insurance companies in India registered 98,443 customer complaints, marking the highest volume of grievances among all insurance segments, according to data presented in the Rajya Sabha General insurance companies closely followed with 95,258 complaints, while health…...

3+ week, 3+ day ago   (309+ words) Whalesbook A significant shift is occurring in the Indian insurance sector, with policyholders increasingly choosing to exit their life insurance plans early Data from the Insurance Regulatory and Development Authority of India (IRDAI) reveals that payouts for surrenders and withdrawals…...