Insurance Ombudsman Reforms: A Strong Step Toward Fairness, Faster Redressal and Policyholder Protection Insurance ombudsman reforms have emerged at a crucial moment for India’s insurance sector. Rising grievances, long pendency of cases, delayed settlements and inconsistent compliance have made policyholders increasingly frustrated with the current redressal mechanism. Over the last few years, both the Finance Ministry and IRDAI have acknowledged that India needs a stronger, faster and more accountable grievance redressal framework. In November 2025, […]

New IBC Group Insolvency Rules 2025: Faster Resolution for Videocon-Like Bankruptcy Cases     1. Executive Summary / Key Highlights IBC Group Insolvency Rules 2025 introduce a coordinated mechanism for resolving bankruptcies of related companies. Allows a common bench and single resolution professional, cutting duplication and costs. Strengthens creditor recovery by preserving synergies across group entities. Empowers NCLT to enforce coordination agreements between distressed group companies and creditors. Builds on lessons from cases like Videocon, […]

Motor Insurance Gap in India 2026: Why State Partnerships and Trust-Building Are Now Critical The motor insurance gap in India 2026 has emerged as a pressing concern for the country’s insurance ecosystem. With more than half of India’s vehicles plying on the roads without any form of motor insurance, the situation poses significant financial and regulatory risks—not only to insurers but also to state governments and compliant policyholders. The Insurance Regulatory and Development Authority of […]

GST Impact on Insurance Industry 2026: How GST Rationalisation Is Transforming India’s Insurance Landscape The GST Impact on Insurance Industry 2026 has become one of the most compelling developments in India’s financial sector. Following the central government’s decision to rationalise GST on insurance products — including reducing GST on health and life insurance to zero — the industry has entered a phase of rapid expansion. According to IRDAI Member Deepak Sood, the industry is witnessing […]

GST 2.0 and Term Insurance – A Powerful Shift Making Pure Protection Plans Truly Affordable for India GST 2.0 and Term Insurance: How Zero GST Has Transformed India’s Protection Market The decision to remove Goods and Services Tax (GST) on individual term insurance—popularly referred to as GST 2.0—is reshaping India’s life insurance landscape. Insurers across the country are witnessing a strong surge in demand for pure protection products. With term insurance suddenly becoming more affordable, […]