Business
THE INSURANCE TIMES
GST 2.0 Reforms: What They Mean for the Life Insurance Industry and Consumers
The Indian insurance industry has long been advocating for rationalisation of Goods and Services Tax (GST) on life and health insurance products. With the rollout of GST 2.0 reforms, expectations are high that the sector will finally receive much-needed relief and structural clarity. The reforms aim to simplify compliance, widen the tax base, and rationalise rates—moves that could significantly alter how insurers price products and how consumers perceive insurance as a financial tool.
3 min |
October 2025
THE INSURANCE TIMES
Building a Risk-Aware Culture at AIG Post-2008 Crisis
What is Risk Culture?
6 min |
October 2025
THE INSURANCE TIMES
Unrealised Potential: Rural Insurance in India
Rural insurance penetration remains low due to several factors. Products typically cater to urban areas, but prices often fail to account for irregular income cycles, and distribution channels lack local trust and durability.
4 min |
October 2025
THE INSURANCE TIMES
World's First Insurance Salvage Patent: Transforming Accident Recovery into Safety Innovation
The patent's implementation is projected to save lives through prevention of untimely deaths and disabilities. By ensuring transparent disclosure of accident history and repair quality, the system reduces the likelihood of compromised vehicles causing subsequent accidents.
6 min |
October 2025
THE INSURANCE TIMES
Redressal of grievances under the Liability Insurance : An overview
As public liability insurance became integral to modern business risk management, the expectation was that insurers would offer not only financial protection but also prompt and fair resolution in times of distress. However, the ground reality often paints a different picture. Despite purchasing policies with the intent of securing peace of mind, many policyholders-particularly small businesses- experience frustration and uncertainty when filing claims.
10+ min |
October 2025
THE INSURANCE TIMES
Bridging the Trust Gap: Why Insurers Need an Internal Ombudsman
The Reserve Bank of India (RBI) has already introduced an Internal Ombudsman Scheme for banks, requiring all banks to designate an independent officer to address escalated consumer complaints. If appropriate, insurance regulators may implement a similar model for the sector.
8 min |
October 2025
THE INSURANCE TIMES
29th FAIR Conference 2025 to be Hosted by GIC Re in Mumbai Media Partner: The Insurance Times
The insurance and reinsurance fraternity will gather in Mumbai from 5th to 8th October 2025 for the 29th FAIR (Federation of Afro-Asian Insurers and Reinsurers) Conference, hosted by GIC Re. Themed \"Emerging Markets Towards Resilient Growth\", this year's edition will focus on strengthening cooperation, resilience, and innovation across Afro-Asian markets.
1 min |
October 2025
THE INSURANCE TIMES
Do's and Don'ts for Purchasing Marine Cargo Insurance in India
Do’s (Things You Must Do)
3 min |
October 2025
THE INSURANCE TIMES
Insurance Regulator Update
Ajay Seth takes charge as IRDAI chairman amid key sector reforms
4 min |
October 2025
THE INSURANCE TIMES
Legal Briefs
Insurer to pay crash victim's kin Rs. 2.5 crore
2 min |
October 2025
THE INSURANCE TIMES
The Dilemma of Proximate Cause in view of the varying interpretations
There are several ways the word Proxima Cause is interpreted in the absence of a precise legal definition. It is referred to as the nearest, immediate, dominant, effective, efficient, or operative cause of loss. In reality, it is the most effective and efficient cause of loss. Effective because it is the most potent and active cause in producing the intended result, and efficient because of its yield orientation.
9 min |
October 2025
THE INSURANCE TIMES
IRDAI Corner
IRDAI Order No. 99-Final Decision in compliance with Madras HC order in WPs 6484 and 6492 of 2021
7 min |
October 2025
THE INSURANCE TIMES
Making the Invisible, Visible: The True Path to Technology driven Operational Efficiency in Health Insurance Claims Processing
The need for a human-in-the-loop to validate and remediate digitization is critical. It serves as a great way to validate data and ensure quality for upstream applications to consume. Without human involvement, we risk the authenticity of the data and thus reduced trust.
3 min |
October 2025
THE INSURANCE TIMES
International News
The Hartford launches tech centre in India to boost AI, digital innovation
3 min |
October 2025
THE INSURANCE TIMES
Life Insurance News
GST removed on health and life insurance premiums: Key savings for policyholders
6 min |
October 2025
THE INSURANCE TIMES
General Insurance News
All four PSU general insurers to pass full GST relief to policyholders
4 min |
October 2025
THE INSURANCE TIMES
Health Insurance News
GST relief on health insurance will widen coverage, says NIC CMD
4 min |
October 2025
THE INSURANCE TIMES
New Product Launches
Comprehensive Coverage from Health to Home and Protection Plans
2 min |
September 2025
THE INSURANCE TIMES
IRDAI Corner
Development and implementation of Risk Based Capital (RBC) Framework for Indian Insurance Industry is one of the key initiative undertaken by IRDAI among various other initiatives to align the Indian Insurance Industry with global best practices.
2 min |
September 2025
THE INSURANCE TIMES
Smart Online Course Joins Hands with BFSI Sector Skill Council of India to Power the Future of Financial Skilling
Yuni Learning Solution Pvt. Ltd. (www.SmartOnlineCourse.com), the edtech arm of The Insurance Times, is proud to announce its official accreditation as a Training Partner of the BFSI Sector Skill Council of India (BFSI SSC) - an esteemed initiative under the National Skill Development Corporation (NSDC) and the Ministry of Skill Development & Entrepreneurship, Government of India.
1 min |
September 2025
THE INSURANCE TIMES
Nepal's Shift to Risk-Based Capital: Building a Resilient Future for Life Insurance
RBC is not just a compliance hurdle. Done right, it is Nepal's chance to align solvency with strategy, efficiency with resilience, and finally separate insurers that are merely surviving from those that are truly building for the future.
10+ min |
September 2025
THE INSURANCE TIMES
The Inference of Waiver in Different Insurance Policies
The stipulation clause 'No claim under this policy shall be payable unless the terms of this policy condition have been complied with' is sine qua non (an essential condition; a vital thing), and is often missed while processing a fire claim.
9 min |
September 2025
THE INSURANCE TIMES
International News
Munich Re, one of the world’s oldest and largest reinsurers, has raised alarms over the growing influence of hedge funds and private investors in the catastrophe insurance market.
3 min |
September 2025
THE INSURANCE TIMES
Do's and Don'ts for Purchasing a Fire Insurance Policy (Corporate Buyers)
Conduct a professional risk assessment of buildings, machinery, stock, and other assets.
1 min |
September 2025
THE INSURANCE TIMES
Health Insurance News
Rising cancer treatment costs are pushing Indian families into financial distress, with annual out-of-pocket expenses averaging Rs. 3.3 lakh, experts said at a Kolkata summit on cancer care affordability.
3 min |
September 2025
THE INSURANCE TIMES
Insurance Caselaws
For a deficiency in service, the Panipat District Commission holds HDFC Bank and Universal Sompo Insurance Co. liable for failure to disburse the amount required by the PM Fasal Bima Yojna.
6 min |
September 2025
THE INSURANCE TIMES
Legal Briefs
Ravindra Annappa Bindre paid Rs. 1,54,762 on October 19, 2015, for a Royal Enfield Thunderbird 350cc motorcycle manufactured by Eicher Motors.
5 min |
September 2025
THE INSURANCE TIMES
Insurance Regulator Update
The Insurance Regulatory and Development Authority of India (IRDAI) has levied a penalty of Rs. 3.39 crore on Star Health and Allied Insurance Company for violations related to information and cyber security protocols.
3 min |
September 2025
THE INSURANCE TIMES
Health Insurance
Feature Shopping in Health Insurance
3 min |
September 2025
THE INSURANCE TIMES
Why Insurance isn't Enough: How FinTechs Like Fibe are Bridging the Healthcare Financing Gap
India's health insurance market grew to Rs. 1.3 trillion in 2024 and is projected to reach Rs. 2 trillion by 2028, reflecting the country's socio-economic growth. Yet, many remain uninsured or underinsured, highlighting a critical gap. Premium costs have risen sharply.over the past decade, 52% of policyholders experienced a CAGR of 5-10%, with premiums doubling or tripling over ten years.
5 min |