Life Insurance
Latest news, explainers and analysis on Life Insurance. Tracking 11 stories on Arth Vani.
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Latest on Life Insurance
BreakingPolicyholder Rights in Focus: What Indian Consumers Must Know Before Buying Life Insurance
A recent report by The Tribune highlights critical aspects of policyholder rights, anticipated IRDAI updates, and essential checks for buying life insurance in India. The discussion underscores the importance of understanding claim settlement ratios and regulatory protections for consumers.
Life Insurers Request Extended Timeline for New IRDAI Regulations
Leading life insurance companies in India are calling on the Insurance Regulatory and Development Authority of India (IRDAI) to provide a longer transition period for implementing its proposed new norms. Industry executives believe a more extended 'glide path' is essential for a smooth and effective adoption of these upcoming regulations.
New LaunchBreakingAgeas Federal Life Launches Multi-Currency Insurance Plan at GIFT City for NRIs
Ageas Federal Life Insurance has launched its first international life insurance plan at Gujarat's GIFT City, allowing customers to pay premiums and receive benefits in multiple foreign currencies. The plan is specifically designed for Non-Resident Indians (NRIs) and High Net-worth Individuals (HNIs) looking for dollar-denominated financial protection.
BreakingLIC Leads Individual Premium Growth in September 2026 as Private Insurers Dominate Total NBP
Life Insurance Corporation (LIC) outperformed private competitors in individual premium growth for September 2026, while private players like HDFC Life and ICICI Prudential maintained a lead in total new business premiums. The data highlights a shifting preference among Indian retail policyholders toward the state-owned giant for individual life cover.
Ageas Federal Launches 'Aurum Advantage' for Global Investment Exposure
Ageas Federal Life Insurance has introduced 'Aurum Advantage', a new wealth-creation product offering investment opportunities in global equities, gold, and multi-currency options. This product aims to provide policyholders with diversified investment avenues beyond traditional Indian markets.
ICICI Prudential Life Insurance Rebrands to ICICI Life Insurance
ICICI Prudential Life Insurance, a significant player in the Indian insurance sector, is reportedly undergoing a rebranding. The company will now be known as ICICI Life Insurance, according to financial reports. Further specifics regarding the effective date and implications for policyholders are currently awaited.
Breaking₹1 Crore Term Insurance: Why Claim Settlement Ratio Matters Most
For high-value term insurance policies like ₹1 crore, an insurer's Claim Settlement Ratio (CSR) and low repudiation volume are paramount. This ratio indicates the likelihood of your family receiving the full sum assured, making it a critical factor when choosing a life insurance provider in India.
US Expert Highlights Crucial Life Insurance Questions for Indian Savers
An article published on September 8, 2026, featured US Insurance Expert Michael Oehrke discussing fundamental questions around life insurance: when to buy it and how much coverage is adequate. These core questions are highly relevant for Indian retail investors planning their financial security and ensuring family protection.
BreakingWidow Wins ₹1 Crore Life Cover Battle After Insurer Cites Nondisclosure
A widow has successfully claimed ₹1 crore from Tata AIA Life Insurance after the company initially rejected her claim, citing nondisclosure of prior insurance issues. The court ultimately ruled in favour of the family, highlighting the importance of clear communication and adherence to policy terms.
BreakingLapsed Life Policy: Nominees May Get Premiums Back, Rules Consumer Panel
The Maharashtra State Consumer Disputes Redressal Commission has ruled that nominees are generally not entitled to a death benefit from a lapsed life insurance policy. However, in exceptional circumstances, insurers may be required to refund premiums paid.
New LaunchPlutus to Launch AI Platform for Life & Annuity Insurers on July 30, 2026, Boosting Operations
Plutus, an insurance AI company, is set to launch a new 'Agentic Platform' on July 30, 2026, designed to streamline operations for life and annuity insurance providers. Built within ServiceNow, this platform will introduce six AI-powered solutions aimed at enhancing transaction processing and overall service quality for carriers.
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