The IRDAI took 856 regulatory actions, including penalties, against insurers in FY24, as informed by Finance Minister Nirmala ...

With insurance penetration in India standing at 3.7% in FY 2023-24, well below the global average (6.8%), US (12%) and China ...

Though not mandatory, the IRDAI has been encouraging insurers to go public to improve corporate governance and raise funds.

The government seeks to fully unlock the potential of India's insurance industry, and has announced opening up of the sector ...

On the Insurance Bill we have consulted stakeholders, and we have finalised the draft. It is likely to be introduced in the ...

India's Finance Minister announced an increase in the foreign direct investment (FDI) limit for the insurance sector to 100%, ...

The finance ministry will soon send the draft bill seeking to increase FDI limit in the insurance sector to 100 per cent to ...

The Finance Minister has proposed to raise the foreign investment limit to 100% in the insurance sector as part of ...

Nirmala Sitharaman says the enhanced limit will be available for those companies which invest the entire premium in India ...

Known to be one of the longest standing requests of the insurance industry, this move creates room for increased ...