Business
THE INSURANCE TIMES
"Our focus is on expanding beyond metro cities and strengthening our presence in district-level and underserved markets across India.With a strong agency network, hospital partnerships, and digital capabilities, we are working towards building a pan-India presence."
Mr. G. Srinivasan has over 4 decades of successful experience in General Insurance Industry across various regions of India and abroad in all facets of insurance sector.
9 min |
June 2026
THE INSURANCE TIMES
Legal Briefs
Maa Danteswari Cold Storage, a partnership firm established in 2008, had obtained a standard fire and perils policy from Reliance General Insurance for the period November 30, 2009, to November 29, 2010.
2 min |
June 2026
THE INSURANCE TIMES
IRDAI Corner
With a view to strengthening the effectiveness of the Insurance Ombudsman mechanism and aligning it with the evolving expectations of the Authority and the rapidly changing insurance landscape, the Council for Insurance Ombudsmen (CIO), under the guidance of the Insurance Regulatory and Development Authority of India (IRDAI), is conducting an “Orientation Programme for Insurance Ombudsmen” from 20th May to 23rd May, 2026 at IRDAI Headquarters, Hyderabad.
3 min |
June 2026
THE INSURANCE TIMES
Profits Lie in the Safety of Policyholders
Insurance companies are not profit-making companies alone. Can, for example, the police department exist for making profit? Can the Department of Agriculture think of making a profit? They are service-oriented industries, not profit-oriented industries.
6 min |
June 2026
THE INSURANCE TIMES
Insurance Policies cannot be Illusory: The Supreme Court's approach to Marine Insurance Warranties
The insured argued that the insurer knew, or should have known, that the insurance policy covered the monsoon or foul weather period. Therefore, the insurer should not reject the claim on the ground that the voyage took place during bad weather.
10+ min |
June 2026
THE INSURANCE TIMES
Session on Legal Preparedness for Insurance Surveyors by IIISLA, Kolkata
Dr. Rakesh Agarwal, Director, RMAI and Editor, The Insurance Times, delivered a session on \"Legal Preparedness for Insurance Surveyors\" at the West Bengal Chapter training programme in Kolkata.
1 min |
June 2026
THE INSURANCE TIMES
International News
Tokio Marine Holdings expects steady premium growth and stronger shareholder returns over the next few years, supported by pricing increases in Japan and the US.
2 min |
June 2026
THE INSURANCE TIMES
Water Damage Restoration: A Smarter Approach to Reducing Insurance Losses
Water damage is no longer limited to floods alone.
1 min |
June 2026
THE INSURANCE TIMES
Global Insurance Sector Strategic Analysis: Major Points in Capital, Technology, and Regulation (Q3-Q4 2025)
The global market has been notoriously hard over the last five years, due to pandemic-related losses, supply chain disruptions, and an outflow of reinsurance capital. But it was Q3 2025 that put an absolute stop to this cycle and the beginning of a new, more paradigm-shifting, softer one.
10+ min |
June 2026
THE INSURANCE TIMES
Life Insurance News
SBI Life Insurance reported a marginal 1.1 per cent decline in net profit to Rs. 804.6 crore in the January-March quarter of FY26 compared to Rs. 813.5 crore in the corresponding quarter last year.
4 min |
June 2026
THE INSURANCE TIMES
Do's and Don'ts checklist for filing a fire insurance claim for a manufacturing unit
Notify the insurance company, broker or agent as soon as the fire occurs.
3 min |
June 2026
THE INSURANCE TIMES
Insurance Caselaws
The Supreme Court has granted special leave to appeal to an order issued by the National Consumer Disputes Redressal Commission (NCDRC) in accordance with Article 136 of the Constitution.
6 min |
June 2026
THE INSURANCE TIMES
"Indian Insurance Industry, since opening to competition, has undergone a metamorphic change in my view. Right from business procurement to processing and execution, through technology adoption, innovative product design, customer-centric adaptability, and servicing, the sector is now in a dominant position, making its mark in the global arena."
Ex-MD of GIC India and CMD of Oriental Insurance and National Insurance (addl charge) and Insurance Ombudsman, Mumbai
10+ min |
June 2026
THE INSURANCE TIMES
Insurance Regulator Update
Insurance Regulatory and Development Authority of India is considering a proposal to increase the combined investment limit for insurers in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to 6 per cent.
4 min |
June 2026
THE INSURANCE TIMES
Why Digital Enablement, Not Training, Is the Answer to India's Mis-Selling Crisis
IRDAI data shows 70-80% of new insurance agents drop out within their first year. Insurers spend Rs. 15,000-25,000 per agent on training. Do the math for a 10,000-agent network recruiting 3,000 annually: Rs. 6 crores spent on training, 2,100 agents lost. Effective training cost per retained agent: Rs. 66,666.
5 min |
June 2026
THE INSURANCE TIMES
New Product Launches
Bajaj General Insurance Limited has launched My Health Care Plan Edge+, a new health indemnity product designed to offer flexible and higher medical protection amid rising healthcare expenses.
4 min |
June 2026
THE INSURANCE TIMES
Legal Preparedness for Insurance Surveyors - Why Wording Matters in Survey Reports
Insurance surveyors and loss assessors occupy a unique position in the insurance ecosystem.
4 min |
June 2026
THE INSURANCE TIMES
Can Insurers Build Trust in the Age of AI?
Artificial Intelligence is rapidly becoming a part of the insurance value chain.
2 min |
June 2026
THE INSURANCE TIMES
Sugar-safe cover for diabetics
Diabetes treatment options recently received a boost with multiple launches of generic semaglutide, a leading class of drug (GLP1) for diabetes.
3 min |
June 2026
THE INSURANCE TIMES
Health Insurance News
Star Health and Allied Insurance Company reported a net profit of Rs. 111 crore in the quarter ended March 2026, compared to Rs. 50 lakh in the corresponding quarter last year.
4 min |
June 2026
THE INSURANCE TIMES
General Insurance News
Global investors are showing renewed interest in India's non-life insurance sector following the government's decision to allow 100% foreign direct investment in insurance businesses.
5 min |
June 2026
THE INSURANCE TIMES
Legal Briefs
Insurer can't reject claim by delaying cheque presentation
3 min |
April 2026
THE INSURANCE TIMES
Do's and Don'ts Before Filing a Claim in Marine Cargo Insurance
Marine cargo insurance plays a critical role in protecting goods during transit against a wide range of risks such as damage, theft, pilferage, and external perils.
2 min |
April 2026
THE INSURANCE TIMES
Servicing to the policyholders – Special Measure for the current Financial Year 2025-26
Servicing to the policyholders – Special Measure for the current Financial Year 2025-26
4 min |
April 2026
THE INSURANCE TIMES
New Product Launches
Tata AIA launches Shubh Flexi Pension Plan with lifetime income feature
2 min |
April 2026
THE INSURANCE TIMES
Navi enters Motor Insurance with a fully digital, zero-commission offering
Navi, one of India's fastest-growing digital financial services destinations, unveiled its Motor Insurance offering, further expanding its insurance portfolio and strengthening its focus on building simple, accessible, and customer-first financial products With this launch, Navi General Insurance aims to simplify the process of buying and managing motor insurance through a fully digital, app-led journey.
1 min |
April 2026
THE INSURANCE TIMES
Insurance Caselaws
An insurance company should not request the following documents from the insured in the course of resolving claims: Supreme Court.
6 min |
April 2026
THE INSURANCE TIMES
Deductible a handy tool, but choose wisely
The GST rate cut in health and term insurance would have policyholders look forward to the premium renewal date for a change, to examine the cost savings.
2 min |
April 2026
THE INSURANCE TIMES
West Asia War: What It Means for Exporters, Importers and Marine Insurance
When will the war in West Asia end? For now, no one has a definitive answer.
5 min |
April 2026
THE INSURANCE TIMES
The Legal Salvage
Salvage law is governed by the Merchant Shipping Act, 1958, which entitles individuals who voluntarily rescue ships, cargo, or property from maritime peril to a reward. This, ensures fair compensation for successful efforts. Key elements include voluntary service, real danger, and success, with rewards determined based on risks and value.
6 min |