Life insurance penetration in India declined from 3 percent in 2022-23 to 2.8 percent in 2023-24, while general insurance penetration remained unchanged at 1 percent ...

If you are planning to buy a new insurance policy or port your existing health insurance policy to a new insurer, do remember ...

According to the Annual Report 2023-24 of the Insurance Regulatory and Development Authority of India (Irdai), during 2023-24 ...

Insurance companies disallowed and repudiated health policy claims worth Rs 26,000 crore during the year ended March 2024, ...

In FY24, commission expenses for life insurers increased by 22% and doubled for general insurers after IRDAI removed caps on ...

According to Irdai's Annual Report 2023-24, the non-life insurance sector underwrote a total direct premium of ₹2.90 lakh ...

India's insurance penetration drops to 3.7% in 2023-24, despite IRDAI's efforts, with life insurance demand declining.

While government securities dominate the investments of insurance companies, a wider pool of approved investments by IRDAI is ...

India's insurance penetration fell to 3.7% in FY24 after peaking at 4.2% during Covid, with life insurance penetration ...

Public sector general insurers saw an 8.88% increase in their contribution, rising from Rs 82,891 crore in 2022-23 to Rs ...

India's non-life insurance claims ratio decreased to 82.52% in FY24, according to the Irdai report. The report also ...

Net incurred claims to net earned premium (claims ratio) of non-life insurance industry stood at 82.52% during 2023-24 as ...