The Insurance Regulatory and Development Authority of India proposes new rules to lower policy costs and curb mis-selling, with potential implementation from January or April 1 next year, in the world's 10th-largest insurance market with $124.4 billion in premiums
Regulator proposes lowering upfront commissions to benefit policyholders and improve trust in insurance, with 40-50% of grievances currently related to unfair business practices
By September 30, 2026, Indians may get a unified view of all their insurance policies across insurers, making claims and servicing easier
Niva Bupa barred from opening new offices for 6 months over non-compliance with Expense of Management limits
7.8% growth achieved in Q4 FY26 despite global risks and inflation surge.
