How regulatory changes are reshaping motor insurance in India
India's motor insurance sector is undergoing significant transformation driven by IRDAI reforms, technological advancements, and evolving consumer preferences. These changes include standardized policies, flexible 'pay-as-you-go' options, and long-term coverage mandates. Telematics, data analytics, and specialized policies for electric and autonomous vehicles are further shaping a more inclusive and tech-friendly insurance landscape.
How technology is empowering new-age insurance models and micro-entrepreneurs
India's insurance sector is undergoing a significant transformation, driven by increased internet access, smartphone usage, and supportive regulations. This shift emphasizes simplicity and accessibility, empowering micro-entrepreneurs through the PoSP model. These digitally enabled individuals are expanding insurance reach to underserved areas, fostering financial inclusion and livelihood opportunities, making insurance more inclusive and local.
24% rise in women who have insurance in metro cities: Niva Bupa Health insurance survey
Nearly 80% claims are from women over the age of 28, according to a five-year study by Niva Bupa Health Insurance.
Planning to port your health insurance plan? Here are some challenges you should be aware of
While shifting to a new insurer may seem like a quick-fix solution to the problems with your existing health insurance plan, there are some challenges you should be aware of.
What are the different types of life insurance plans, do they offer saving options?
If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 54th part of this series, Riju Mehta lists the difference between various types of life insurance plans.
