Insurance Gyan

📰 *Top 10 Insurance & IRDAI News Today*

1. Insurance reforms to commence from 5 February 2026
The Government of India has notified 5 February 2026 as the commencement date for the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, including 100% foreign investment in Indian insurers, with Section 32A kept in abeyance.[1]
📅 2026-02-05

2. India's Insurance Sector Now Open to 100% FDI
India’s liberalized FDI regime for insurance is operational from February 5, 2026, permitting up to 100% foreign ownership under the Sabka Bima Sabki Raksha Act, with ease of doing business reforms like one-time licensing for intermediaries.[2]
📅 2026-02-05

3. Govt defers restrictions on common directorships across insurers, banks
The government has deferred restrictions on common directorships under the Insurance Laws (Amendment) Act, 2025, with most sections effective from February 5, 2026.[5]
📅 2026-02-05

4. India: Insurers welcome Federal Budget for 2026-27
Industry leaders welcome the Union Budget 2026-27 for expanding insurable assets through infrastructure, climate resilience, and motor insurance reforms like tax exemptions on tribunal interest.[3]
📅 2026-02-04

5. India will inevitably require deeper & more sophisticated reinsurance support
At the Global Reinsurance Summit 2026, leaders highlight India's need for advanced reinsurance amid low pe*******on, growing risks, and reforms like 100% FDI and reduced capital thresholds.[4]
📅 2026-02-04

6. India's GIFT City Attracts Lloyd's and Other Global Reinsurers
Global reinsurers like Lloyd’s, Samsung Re, and Mapfre Re seek approval to operate in GIFT City, with numbers expected to reach 20 by March 2026 to access India’s $129.78 billion insurance market.[7]
📅 2026-02-02

7. Budget 2026: What insurance and healthcare are batting for this year
Ahead of Union Budget 2026, industry seeks higher health allocations up to 1 lakh crore, focusing on Ayushman Bharat expansion and senior citizen care to address medical bills and insurance anxiety.[6]
📅 2026-01-27

📰 *Top 10 Insurance & IRDAI News Today*

1. Insurance industry loses Rs. 8,000–10,000 crore annually to fraud: Report
India’s health insurance sector is incurring losses of Rs. 8,000–10,000 crore every year due to fraud, waste and abuse, according to a joint report by Boston Consulting Group and Medi Assist.
📅 2026-01-22

2. ESIC clears major expansion and infrastructure push nationwide
The Employees’ State Insurance Corporation (ESIC) approved proposals to expand coverage, strengthen healthcare infrastructure and improve service delivery across India.
📅 2026-01-22

3. Linking motor insurance with FASTag could unlock ₹18,000 crore GST: GIC chief
Linking motor insurance with FASTag can reduce uninsured vehicles and help recover ₹18,000 crore in GST, said Tapan Singhel, Chairman of General Insurance Council.
📅 2026-01-22

4. India's insurance reforms mark a fundamental structural advance
India's insurance reforms are seen as a fundamental structural advance, boosting the sector's growth prospects.
📅 2026-01-21

5. India emerges as fastest-growing insurance market, Swiss Re says
Swiss Re projects mid-term annual premium growth at 6.9% between 2026 and 2030, positioning India as the fastest-growing major insurance market.
📅 2026-01-19

6. India becomes 'strongest growing' insurance market with annual premium growth at 6.9 pc
Swiss Re report forecasts 6.9% annual premium growth for India from 2026-2030, driven by macroeconomic fundamentals and reforms.
📅 2026-01-19

7. IFSCA & India: Global Reinsurance Hub Aspirations
India aims to become a global reinsurance hub with reforms like 100% FDI and the Sabka Bima Sabki Raksha Act, 2025.
📅 2026-01-19

8. When insurance reforms met reality: Hospitals, insurers and patients
2025 marked a watershed year for Indian insurance with the Sabka Bima Sabki Raksha Bill boosting FDI to 100% and empowering IRDAI.
📅 2026-01-19

9. India's Insurance Sector Ignites: Policy Reforms & Digital Surge Propel 2025 Growth, Bullish 2026 Outlook
India's insurance sector saw transformative 2025 reforms including 100% FDI and GST exemption on life/health premiums, with bullish 2026 outlook.
📅 2026-01-15

10. India's 7.3 Pc GDP Growth In FY26 To Fuel Insurance Demand
Moody's report states India's 7.3% GDP growth in FY26 will fuel insurance demand and raise household income.
📅 2026-01-14