Tag: insurance sector

Insurance 2.0: After 100% FDI, distribution costs reset

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Insurance 2.0: After 100% FDI, distribution costs reset

The timing of the proposed rejig of distribution economics by IRDAI (Insurance Regulatory and Development Authority) is interesting as it came six months after India allowed centum foreign ownership in the sector. IRDAI is re-engineering the financial metrics of distribution — axing expenses of management (EoM) limits, tightening commission and moving towards a more technology-driven…

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76% health insurance reimbursement claimants face immediate financial burden: report

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76% health insurance reimbursement claimants face immediate financial burden: report

Around 76% health insurance reimbursement claimants borrowed or broke investments turning their medical bills into an immediate financial burden, found the latest national consumer insights report released by Policybazaar, an online insurance marketplace that allows consumers to manage various insurance products from multiple insurers through a single platform. Correspondingly, the ability to manage costs only…

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Watch: Union Budget 2024: Insurance sector expectations

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Watch: Union Budget 2024: Insurance sector expectations

Watch: Union Budget 2024: Insurance sector expectations The insurance sector is one of India’s fast growing and key segments within the country’s financial system. Given its sheer size, insurance is in itself an industry and makes for a strong case for reforms, continued push for regulatory changes and some tax tweaks. We look at the…

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