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New Guidelines for Health Insurance in India: Key Highlights

New Guidelines for Health Insurance in India: Key Highlights

3 June 2024

In a significant move to streamline health insurance practices in India, new guidelines have been introduced to enhance customer experience and ensure comprehensive coverage. Here’s a breakdown of what these new regulations entail. Immediate and Broad-Ranging Implementation The new guidelines are designed to standardize the health insurance landscape across the country. All general, health, and …

HDFC Life Insurance Announces Highest Ever Bonus for Policyholders

HDFC Life Insurance Announces Highest Ever Bonus for Policyholders

27 May 2024

HDFC Life Insurance, a leading private sector life insurer in India, has announced its highest-ever bonus of Rs 3,722 crore on participating plans. This substantial bonus will benefit nearly 22.23 lakh policyholders, marking a significant milestone in the company’s commitment to rewarding its loyal customers. Record Bonus for Participating Policies Participating or ‘par’ policies are …

Significant Surge in Life Insurance New Business Premium Income in April 2024

Significant Surge in Life Insurance New Business Premium Income in April 2024

22 May 2024

In April 2024, the life insurance industry experienced a significant rise in New Business Premium (NBP) income, marking a robust growth of 61.23% year-on-year. The total NBP income reached Rs 20,258.86 crore, a substantial increase from Rs 12,565.31 crore recorded in the same period last year. This surge is a testament to the industry’s resilience …

ICICI Prudential Life Insurance Leads with Swift and Transparent Claim Settlements

ICICI Prudential Life Insurance Leads with Swift and Transparent Claim Settlements

14 May 2024

ICICI Prudential Life Insurance has become a leading company in the insurance sector as it says it has a very high claim settlement ratio and even faster death claims processing times. This year, for the financial year 2023-24, ICICI Prudential’s statement reveals that they have amazed many with their 99.17% settlement rate of these cases …

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