In FY 2025, the non-life Insurer paid out ₹46,117 crore in gross commissions, which is 15% of the total gross premium collected ₹3.06 lakh crore. These payouts were shared between retail and group insurance segments. Go Digit General Insurance had the highest commission-to-premium ratio at 29.85%, paying out ₹2,529 crore

The Insurance Regulatory and Development Authority of India (IRDAI) has levied a fine of ₹3.39 crore on Star Health & Allied Insurance for failing to adhere to cybersecurity regulations. The penalty was revealed by the company in a regulatory submission to the National Stock Exchange (NSE), where it admitted shortcomings

During the Foundation Day event of the Insurance Brokers Association of India (IBAI), IRDAI Member (Distribution) Satyajit Tripathy tackled an important issue regarding how improved grievance redressal can enhance insurance penetration in India. Tripathy highlighted that trust is fundamental to the insurance industry. He cautioned that if the existing trust

With Tesla gearing up to enter India’s electric vehicle market, the automaker might not implement its trademark telematics insurance model because of the Digital Personal Data Protection Act (DPDPA) and the awaiting IRDAI sanction for usage-based insurance (UBI). Rather, Tesla is expected to utilize a China-like strategy by collaborating with

TCS’s choice to terminate over 12,000 workers has sparked worries, particularly regarding the loss of employer-provided group health cover typically the sole coverage for senior parents. When an employee leaves, these policies generally become inactive. Due to the expensive nature, restricted accessibility, and lengthy waiting times for health insurance for

The Insurance Regulatory and Development Authority of India (IRDAI) has suggested a new requirement for all insurers to designate an Internal Ombudsman (IO), as per draft guidelines issued on July 25, 2025. This action seeks to enhance the effectiveness of grievance resolution, minimize wait times, and provide a more autonomous