Insurance
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Today's Edition
Monday, 20 April 2026
4 premium articles
◆4 topics
Today's Edition
Monday, 20 April 2026
The Finance Ministry and the RBI jointly issued an advisory pushing banks to require explicit customer consent before selling insurance products and to stop bundling insurance with savings or loan products as a mandatory condition.
Purchase of Indian health insurance policies by NRIs jumped 126% year-on-year as Gulf-based Indians seek coverage for family members back home amid rising medical costs and an uncertain global security environment.
The Insurance Regulatory and Development Authority of India has confirmed that all insurance companies must switch to Ind AS accounting from April 1, 2026, bringing greater transparency to insurance financials.
Average individual health insurance premiums in India rose 23% over three years as medical inflation, post-Covid claims, and rising hospital charges erode affordability for the middle class.
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