insurance penetration
India Approves 100% Foreign Direct Investment in Insurance Sector: A Major Reform for Market Growth
Dec 13, 2025 01:38 pm CST
The Indian Union Cabinet has approved a landmark bill to increase foreign direct investment in the insurance sector from 74% to 100%, aiming to enhance market penetration, accelerate industry growth, and improve ease of doing business. The Insurance Laws (Amendment) Bill 2025 includes provisions for policyholder protection, requires top management positions to include Indian citizens, and forms part of comprehensive reforms to achieve 'Insurance for All by 2047'.
Understanding Life Insurance Value: Axis Max Life CEO Explains Why "What If I Don't Die?" Shouldn't Stop You From Getting Covered
Oct 18, 2025 10:03 pm CST
Axis Max Life CEO Sumit Madan addresses the common hesitation about life insurance with a compelling car insurance analogy, highlighting how insurance costs have decreased significantly to around 700-800 rupees monthly for 1 crore coverage. He discusses how initiatives like the BIMA Trinity program are revolutionizing the industry by offering comprehensive protection solutions while making insurance more accessible across India.
Centre Directs Insurance Companies To Pass GST Benefits To Policyholders
Sep 16, 2025 04:48 pm CST
The government has directed insurance companies to proactively undertake outreach campaigns to publicise GST reforms and pass on the benefits to policyholders.