Motor insurance premiums show slight growth in October, while health insurance sees an increase

Motor insurance industry experiences steady growth in October 2023 with increased competition. New-age insurers such as Digit and Acko see significant growth of 35-38% in motor insurance premiums. Standalone health insurers also show rapid growth, outpacing private general insurers. Overall, the non-life insurance industry grew at a modest pace of 10% year-on-year. Despite the festive…

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From January 1, health insurance details will be conveniently accessible in a clear and comprehensible format.

Health insurance companies, middlemen, and agents are now required to provide policyholders with a document called the customer information sheet (CIS). This new regulation comes as a result of a recent circular by the Insurance Regulatory and Development Authority of India (IRDAI), which emphasizes the importance of ensuring policyholders are equipped with essential policy information….

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