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Is ₹5-10 lakh health insurance cover enough? Check these 3 factors to know how much you need
Healthcare costs in India are soaring due to escalating medical inflation. Experts warn that securing adequate health insurance is no longer optional but essential. Individuals are advised to assess their health needs, taking into account age and family health history. A smart approach is to combine fundamental policies with super top-ups to improve cost management. Consistently revisiting and updating health insurance plans is crucial to maintain valuable coverage.
Ontario universities raise mandatory health insurance fees for international students
International students in Ontario will face higher health insurance costs starting September 2026. The annual premium for individual coverage under UHIP will increase by $156. Family coverage also sees a significant rise, impacting dependents. This mandatory plan covers basic medical services for students. Extended health plans may still be necessary for additional coverage.
Govt working on amendments to Actuary Act, 2006: DFS official
The Department of Financial Services is working with the Institute of Actuaries of India to amend the Actuary Act, 2006, a senior Finance Ministry official said on Friday.
ICE plans $500,000 insurance cover for local police helping with immigration arrests
US Immigration and Customs Enforcement is considering subsidising liability insurance for state and local police officers who help enforce federal immigration laws. The proposal would provide up to $500,000 in personal liability coverage, with officers eligible for annual reimbursements of up to $250, according to an ICE planning document cited by the Associated Press.
IRDAI bars Niva Bupa from opening new offices for six months
Niva Bupa Health Insurance received an order from the regulator to halt new places of business. This action stems from failing to meet expense management limits for the 2024-25 financial year. The company is currently evaluating the order and will take appropriate steps. Niva Bupa stated compliance for the 2025-26 fiscal year and the first quarter. Shares of Niva Bupa closed lower on the BSE following the announcement.
Protection, annuity more relevant in insurance products: Sumit Madan, MD & CEO, Axis Max Life
While things are changing, insurance is still seen as a bit of a savings and tax product. We are focusing on making protection and annuity more relevant across proprietary and partnership channels, where we are looking at growth of 15% or 16%. The discussion is around protection rather than just premium. We've started focusing very sharply on the young Indian middle clas, says Sumit Madan.
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Niva Bupa, Acko General Insurance barred from opening places of biz for 6 months
Niva Bupa's allowable expense for FY25 was Rs 2,403.75 crore, while its actual expenses stood at Rs 2,652.12 crore, exceeding the limit by Rs 248.37 crore, according to the regulator's order. Irdai has prescribed limits to ensure insurers control management and operating costs so that a reasonable portion of premiums collected from policyholders is available for providing insurance cover and settling claims.
Prudential HCL Health Insurance starts operations in India
Prudential HCL Health Insurance has officially begun its operations today. The joint venture, backed by Prudential and HCL, enters the large Indian health market. It will leverage AI-powered experiences and a network of over 12,000 hospitals. The insurer plans an omnichannel model combining agency advice and direct-to-consumer digital platforms. Customers can select cover, manage policies, and access support through digitally enabled services.
LIC gets RBI nod to raise stake in HDFC Bank to nearly 10% from 4.11%
Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to increase its stake in HDFC Bank to 9.99 percent. Currently, LIC holds 4.11 percent of HDFC Bank's total share capital. The approval grants LIC flexibility to raise its investment in the lender. This development strengthens LIC's financial services sector exposure.
Health insurance for elderly parents: A complete guide for NRIs
India’s ageing population and growing NRI community are increasing demand for healthcare support that goes beyond insurance. NRIs caring for elderly parents should consider adequate coverage, cashless hospital access, claim assistance and services that help coordinate treatment and post-discharge care remotely.
Student Term Plan: With a big education loan and long repayment years, should you go for it?
Insurers are now offering term insurance plans specifically for students. These new plans provide affordable life coverage for young individuals. Coverage options extend for thirty to forty years, offering long-term financial security. Optional riders for critical illness and accidental death are also available. This initiative aims to secure financial protection for students early in life.
Truck driver’s family denied claim by United Insurance after he suffered cardiac arrest following meal during trip; court orders Rs 16 lakh compensation
The Uttarakhand High Court has upheld compensation of around Rs 16 lakh, including interest, for the family of truck driver Kamal Singh, who died of cardiac arrest after having a meal while driving from Uttar Pradesh to Jharkhand. The court found the activity sufficiently connected to his employment and held that eating was necessary during prolonged driving duties.
Tamil Nadu hikes CM health insurance cover to Rs 25 lakh, raises Aavin milk procurement price
Tamil Nadu's Chief Minister C Joseph Vijay increased health insurance coverage to twenty-five lakh rupees. He also announced a hike in Aavin milk procurement prices for farmers. Cooperative farm loans up to seventy-five thousand rupees will receive a full waiver. Additional farm loan relief will benefit over one lakh thirty-eight thousand farmers. This move follows consultations with agricultural unions held in August 2026.
CCI approves Prudential’s stake acquisition in Bharti Life Insurance
The Competition Commission of India has approved Prudential Corporation of India’s acquisition of certain equity shareholding in Bharti Life Insurance Company. The transaction is still subject to other applicable regulatory and statutory approvals.
Prudential gets CCI nod to acquire 75 pc stake in Bharti Life Insurance
India's fair trade regulator CCI has approved Prudential Corporation Holdings' stake acquisition. This acquisition involves a significant equity shareholding in Bharti Life Insurance Company. UK-based Prudential plc will acquire a majority 75 percent stake for Rs 3,500 crore. The transaction requires Prudential to reduce its holding in an existing venture. Post completion, Prudential's Indian operations will include majority-owned Bharti Life Insurance.
Dodgers owner Mark Walter's insurer to cut $6.5 billion in investments amid probe
Mark Walter's insurance company is adjusting its investment strategy as it faces increased regulatory examination. Both the prosecutors and the SEC are delving into his business activities over concerns of potential fraud. The firm is collaborating with regulators to rectify the issues with its investments, which surfaced after subpoenas and an internal review on investment categories. Nevertheless, the company continues to maintain robust capital and liquidity.
State Farm Dividend Payout 2026: Million auto drivers to share historic $5 billion dividend pool
State Farm is distributing five billion dollars to eligible policyholders. This large financial payback initiative stems from reduced vehicle repair costs. Drivers can expect credits averaging one hundred dollars per insured vehicle. Eligibility requires an active private passenger auto policy during 2025. Distributions are being processed electronically and via mail.
Deceased father's Rs 2 lakh PMSBY insurance payout denied after his name and age mismatched in records; son fought in consumer commission and won Rs 2.5 lakh
A deceased father's Rs 2 lakh PMSBY insurance claim, rejected by the insurer over mismatched name and age records, has been upheld by the Chhattisgarh State Consumer Disputes Redressal Commission, which awarded the nominee son a total payout of Rs 2.5 lakh including compensation and litigation costs. The commission ruled the rejection was unjustified and amounted to deficiency in service.
Climate damage: The next hit to Europe's public finances
Europe's public finances face growing strain from uninsured climate damage, with recent extreme weather events having caused significant economic losses across the continent. Governments are exploring adaptation and risk-sharing strategies to manage future impacts. Insurance coverage for climate-linked catastrophes remains low in many European nations.
NRI bought life insurance policy in Dubai from a foreign insurer, got maturity proceeds after returning to India, his claim for tax exemption was denied; he won the case in ITAT for this reason
An Indian resident successfully challenged the tax department's claim of undisclosed foreign income on maturity proceeds from a Dubai life insurance policy. The ITAT ruled that foreign insurer policies are not automatically subject to the Black Money Act, especially when premiums originate from non-taxable foreign earnings. This landmark decision offers clarity for NRIs and returning NRIs.
Care Health Insurance rejected heart attack patient's mediclaim over ‘pre-existing diabetes, hypertension’: Court says these are ‘lifestyle diseases’; orders insurer to pay Rs 2.1 lakh
Care Health Insurance has been ordered to pay Rs 2.1 lakh after a Delhi consumer commission ruled that rejecting a heart attack patient's mediclaim on grounds of pre-existing diabetes and hypertension was unfair. The commission held, backed by multiple higher court rulings, that diabetes and hypertension are lifestyle diseases and not chronic conditions that justify claim rejection.
Draft SHANTI Rules 2026: Government proposes nuclear liability, insurance framework for operators
New SHANTI Rules 2026 propose strict no-fault liability for nuclear operators. Operators must maintain insurance and financial security for extended periods. The rules expand nuclear technology applications beyond electricity generation. Financial arrangements will cover the entire lifecycle of nuclear installations.
NRI life insurance protection plans can be 50–60% cheaper in India: Should you buy here or in your country of residence?
NRIs can buy life insurance in India to protect financial obligations. Additional KYC and underwriting requirements apply for non-resident Indians. Premiums are paid through NRE, NRO, or FCNR accounts, and currency fluctuations matter. Country of residence impacts premiums and underwriting due to risk assessments. The location of financial responsibilities guides the decision for buying insurance.
PDP workers, farmers detained in Shopian protest over crop insurance
PDP workers and farmers were detained in Shopian during a protest. They demanded the implementation of a crop insurance scheme for damaged crops. Former legislator Ajaz Ahmad Mir stated he was under house arrest during the protest. Farmers requested government facilitation for crop insurance and subsidies for hail nets. The protest highlighted the collective voice of growers seeking protection for their livelihoods.
Mark Cuban’s ‘beyond incredible’ gesture wins hearts after heart transplant survivor faces $1,000 bill for vital medicine
After undergoing a heart transplant, a survivor encountered steep increases in medication costs, initially losing her insurance coverage only for it to be reinstated at a premium rate of $1,000. Her story spead on social media and in a generous move, billionaire Mark Cuban's pharmacy stepped in to provide the necessary medication at a lower price, with a supportive nonprofit now stepping forward to handle the patient’s medication costs.
AI could cut cost of running insurance by eliminating repetitive work: Report
The report said AI is being embedded across underwriting, customer service, fraud detection, claims processing and internal operations. Instead of replacing insurance professionals, AI is being used to handle routine tasks so employees can focus on decisions that require judgement and experience.
Europe's heatwaves expose insurance gap as business losses mount
European businesses face significant losses from extreme heatwaves. Traditional insurance often fails to cover these indirect operational disruptions. Many companies report substantial turnover declines during prolonged hot weather. Parametric insurance offers a potential solution for automatic payouts. Businesses must also adapt operations to withstand increasing heat impacts.
Life insurer denied Rs 1 crore death claim over earlier policy postponement on medical grounds; here's why family wins in state commission
A life insurance claim was rejected due to alleged non-disclosure of a prior proposal. The insurer failed to prove the policyholder knowingly concealed this information. The consumer commission ruled that insurers must prove conscious concealment, not just non-disclosure. Tata AIA Life Insurance was ordered to pay the Rs 1 crore death claim. This case highlights the need for insurers to provide evidence of deliberate suppression.
Indians opt for higher life insurance cover as average premium rises 43%
Average life insurance premiums rose significantly between FY2021 and FY2025. Policyholders are increasingly choosing higher sum assured amounts for their policies. The proportion of policies with low cover levels has notably declined. Higher value sum assured categories have gained considerable market share. This trend indicates a growing commitment to financial security among policyholders.
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