Health Insurance May Get a New Regulator India stands on the brink of a pivotal transformation in its insurance landscape as the interim budget on February 1st may unveil a new era for health insurance regulation. The authorities are considering a composite license for life and general insurance, which will potentially reshape the Indian insurance industry, facilitating ‘Insurance For All By 2047.’ This ambitious vision necessitates not only a separate regulator for health insurance but […]

Forging Policy Dynamism: IRDAI Chairman Sets Path for a Revamping Insurance Industry At the remarkable 16th Annual Banking, Financial Services and Insurance (BFSI) Summit and Awards 2024, Debasish Panda, the chairman of the Insurance Regulatory and Development Authority of India (IRDAI), made a significant announcement. He discussed plans to revamp the governing regulations in the insurance industry, catering more effectively to the evolving demands of the dynamic economic landscape. The Three-Year Sunset Clause: A Catalyst […]

Emphasizing the Alliance between Bancassurance and InsurTech Partnerships Embracing digital transformation, the financial services industry has witnessed astounding disruptions in recent years. Specifically, the integration of InsurTech, in collaboration with the bancassurance model, is said to remodel the way insurance packages are typically marketed. With this partnership, insurance is transitioning towards a “pull” product from its traditional status as a “push” product. How InsurTech Aids Insurance Distribution InsurTech plays a pivotal role in helping banks […]

Is Narayana Health Insurance Model a Gamechanger for India’s Healthcare System? Healthcare solutions in India have received a substantial facelift through one product that holds great promise for India’s medical insurance challenges. Owned by Devi Shetty, Narayana Health Insurance heralds a new era with its innovative combination of health insurance and healthcare. This article explores whether the Narayana Health Insurance model could be a gamechanger for India’s healthcare system. Bridging the Gap: Health Insurance Meets […]

How Some Firms Exploit a Loophole to Save Taxes with Keyman Insurance Understanding the Types of Life Insurance Policies Offered to Employees In the world of employment benefits, companies often provide various perks to retain top talent. Alongside employee stock options (Esops), bonuses, and health insurance, some employers also offer life insurance. Two common types of life insurance policies provided to employees are keyman life insurance and employer-employee (E-E) insurance. The Distinction Between Keyman Life […]