Less than 10% of micro, small and medium enterprises (MSMEs) in India currently provide group health insurance coverage to their workers according to a new data analysis.
The Bima Sugam India Federation (BSIF) has launched its official website. It was unveiled by Insurance Regulatory and Development Authority of India (IRDAI) chairman Ajay Seth.
The government's decision to altogether remove goods and services (GST) tax on health and life insurance premiums has come into effect from 22 September 2025 and is expected to reduce insurance premiums substantially and increase insurance penetration.
SBI Life is partnering with the Board of Control for Cricket in India (BCCI) to take breast cancer awareness to the international stage through its Thanks A Dot initiative.
Prudent Insurance Brokers has appointed Ms Manvinder Kaur as deputy chief human resources officer. In her new role, she will be responsible for shaping the people strategy at Prudent and will also play a pivotal role in supporting the company's continued growth.
The government is likely to introduce the Insurance Amendment Bill in the winter session of parliament that convenes in November and December. This new bill proposes 100% FDI in the insurance industry.
India's life insurance industry is currently in a long growth cycle, with life insurance penetration still at just 2.8% versus 5.6% globally according to a new report by PL Capital.
India's regulator, the Insurance Regulatory and Development Authority of India has appointed Mr Ajay Seth as chairman, after a five-month vacancy, according to news platform The Economic Times. His appointment was cleared by the government on 25 July 2025 for a three-year term, or until he turns 65, the news site said.
UK-based flood science specialist JBA Risk Management has launched a new updated version of its ground-breaking probabilistic India crop catastrophe model along with a range of additional support services for insurers and reinsurers covering the India crop schemes.
The Goods and Services Tax (GST) on health and insurance products for individuals has been cut to zero from the existing 18%. The government and the insurance industry hopes that this improved affordability of essential insurance covers will encourage more people to purchase health insurance policies.